Bitcoin is the cleanest demonstration of inelasticity because supply is fixed; a chart of the 30-day Bitcoin price change versus the change in Bitcoin held inside ETFs shows the only thing you need to know is the change in fund-held Bitcoin—corporate treasury activity and everything else is largely meaningless to price.
causalpending
Speaker
Mike GreenEvidence Quote
“the price of Bitcoin is being driven higher by an increase in the quantity of Bitcoin that is held in funds. Is there utility to it? None that we've currently discovered other than I'm rich.”
Source
The Trillion Dollar Trap | Mike Green on Passive Investing's Fatal Design Flaw— Excess ReturnsCreated: 6/18/2026, 1:59:25 PM
My Notes
Loading notes...