RE: Bitcoin Correlation20 Aug 2021 15:55
Eddie563
"there were discussions yesterday (how valid i dont know) that the thought was the SP was being supressed for now (who can do that i dont know) to allow a leverage to a better entry to NASDAQ. It was a theory discussion of course so make of that what you will, its 50/50 so likely that if true is the reason BTC is being discounted from the SP for now."
The theory is that if ARB was under $700m market cap, it qualifies for a speedy entry process, so ARGO was keeping quiet about machine orders, current prospects etc, to suppress the price. Of course, ARBKF shorts have been running at 20-50% of trades, so maybe someone was doing PW a favour there. No idea, but maybe. The bottom line is that we get listed sooner than if we were over $700m.