on a side note totally unrelated to the talks in this thread about infiltrating the Austrian school...
does btc-tc closing have an impact price and btc speculative supply? or is this a non event?
does btc-tc closing have an impact price and btc speculative supply? or is this a non event?
Most people who invest in btc securities are probably investing bitcoins they're already hoarding. And most of them are keeping their shares instead of panic selling.
Most investors probably aren't looking to get out of bitcoin just because a securities exchange is winding down. There are alternatives, and most issuers have already assured their investors that a transition will be made.
Overall I don't think it will have any impact. I don't think Btc-tc was a huge part of the bitcoin economy, and like I said, most people are holding. I don't actually have any numbers, though, so I'm kinda just talking out my ass. If anyone else has some insight I'd love to hear it.
I think you are correct. Investing was seen as a means of "cold storage with benefits" more than anything.
None of those people are thinking about cashing out, except back into cold wallets, definitely not USD.