Imagine if Microstrategy or an ETF bought a bunch of paper Bitcoin and that’s why NGU didn’t happen concordantly with all their buying, but then if someone has to sell that paper Bitcoin, number goes down.
That’s the type of agony that Bitcoiners have to live through as other dumb fuckers play fiat games instead of just buying Bitcoin and holding it themselves.
If two (international) parties have a dollar-denominated debt with each other, what’s to stop them from both saying “fuck the dollar, let’s settle this in Bitcoin instead” #retardmaxxing