Is the Bitcoin Price Really 'Not Your Market Price'? Nick Szabo on Jane Street and Why Crypto ETFs Are Draining

Nick Szabo questions whether Bitcoin’s market price reflects real demand, warning about Wall Street market-making risks as crypto ETFs face growing trust concerns and outflows.

Feb 27, 2026 - 17:00
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Is the Bitcoin Price Really 'Not Your Market Price'? Nick Szabo on Jane Street and Why Crypto ETFs Are Draining
Nick Szabo questions whether Bitcoin’s market price reflects real demand, warning about Wall Street market-making risks as crypto ETFs face growing trust concerns and outflows.

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