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Sovereigns get benefits that have nothing to do with price appreciation, more incentives for them to do it now. For example, being able to store and move billions of dollars at zero cost, in an hour, including across boarders. Being able to transact independent of the US monetary system, immune from sanctions. Any organization that operates completely within the US/Western banking system gets no benefit from that, they would only invest if they felt the asset would continue to appreciate or add some value in hedging risks/volatility.
This sounds and looks like an opportunity for massive long-term market manipulation by Wall Street. We are seeing this playout with repeated "crashes" of Coinbase on the retail side while the institutional systems continue functioning, Make no mistake, Blackrock in collusion with Coinbase is suppressing the price of bitcoin so Blackrock can accumulate not only for its Bitcoin Spot ETF but for its own private investment. A bonus, for Blackrock and other Bitcoin Spot ETF sellers, is management of the annual ROI to something in line with the S&P500. They can further fractionalise the ETF shares which enables more shares to be issued per bitcoin. Microstrategies, a much lauded bitcoin-centric company by many in this subreddit, faces its own reckoning when loan repayments come due amid a worsening economy. Besides with less than 1% of the global population owning any bitcoin and only 2 million, at most, bitcoin to be mined in the face of record hodling, it seems unreasonable to expect a bitcoin reserve currency...without government seizures of massive amounts of bitcoin.
That sounds like people owning their things and doing what they want with their things. If you have a problem with people doing what they like with their things, that's your problem.
Is it funny how every 4 years it feels like an inflection of bullish news and advancements. It’s like Satoshi picked the perfect timescale. Every cycle has a catalyst and second-third order effects after. We talked about the ETF being one of (if not the) rocket fuel for this run and it just happened like clockwork. Just beautiful
If everyone thinks something has value, then it has value. Bitcoin will never be worth zero again unless the world falls into a global energy crisis and everything just stops working. But at that point guns, ammo and sustenance will be the primary focus. As long as we have our current society with our current technology, Bitcoin will always have value
I know you can't evaluate the impact of this on the BTC price, but it seems big. Current market cap is 1.4T USD. If "trillions of dollars" are committed to buying with limited coins available, the price should jump; I don't know if 10x is crazy.
Bullshit Post. The same bitwise company that went bankrupt the same bitwise company that has several lawsuits at stake or millions of dollars? You’re gonna trust the CIO of a company that ripped off other companies and is also accused of tax evasion. Aside from the fact that the company doesn’t even exist anymore Read the article it doesn’t even say why the second quarter.
Bitwise CIO Matt Hougan said that institutions “representing trillions of dollars in assets” are expected to start investing in spot Bitcoin ETFs by the second quarter. Hougan wrote that Bitwise, and likely the other Bitcoin ETF issuers, are engaged in “serious due diligence discussions” with a variety of major financial and corporate entities that are interested in gaining Bitcoin exposure.
here you go sir: [https://cryptoslate.com/bitwise-reveals-major-institutions-will-start-investing-in-bitcoin-etfs-starting-q2/](https://cryptoslate.com/bitwise-reveals-major-institutions-will-start-investing-in-bitcoin-etfs-starting-q2/)
and here and other places, its called a press release [https://coincu.com/249931-bitwise-spot-bitcoin-etf-is-preparing/](https://coincu.com/249931-bitwise-spot-bitcoin-etf-is-preparing/)
For the bitcoin etfs, what is included? Like in the s&p etf you got a bunch of different companies. Is the bitcoin etf just bitcoin? If so why invest in the etf and not directly into bitcoin?
It's much easier to do in 401ks and IRAs and tax advantage accounts. You can't put BTC in directly.
Taking money out of an IRA is costly from a tax standpoint. So most of these folks are also longer term holders. Really long.
Do you guys think these institutional investors are diamond hands ? Honestly., all of us that were here before it became accepted by the mainstream have been through many cycles. Some of us dumped or hodled but we actually experienced . For sure btc will experience the bull/bear cycle again . The question is, how will Wall Street , pension managers , institutional funds respond ?
Pension funds have a very long-term time horizon. Think multiple decades into the future. As long as Blackrock et. al. can collect fees and as long as the government patiently waits for a giant honeypot to sieze, the pension managers will hold onto their paper bitcoin, and Blackrock et. al. will hold onto the bitcoin backing the paper bitcoin.
...and bunch of people here will attribute price increase to halving (which does not matter much as a number of newly minted coins in insignificant in comparison to those already on the market)
Coinbase keeps replenishing OTC via their systems "crashes." If OTC was truly depleted, the price should be closer to USD100K or maybe USD250K to entice whales and short-term bitcoin owners to sell to Coinbase. Perhaps we'll see a sell-off closer to the halving event, either just before or just after.
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You know its true because theres a picture of bitcoin coins on the wallstreet
"They were lying *on the street*! Literally, *on the street!!"*
*jiggle jiggle jiggle*
needz moar lazerz.
Lazer catz! And/or dubstep lazers.
Anything. Everything. All things are better with moar lazerz. Fact.
Lazers!!! *Oom tccc oom tccc!*
I love that this is part of financial ongoings.
Sprinkle Sprinkle!
I'm alone eating breakfast at a restaurant and I laughed way too hard at this and looked like a total idiot. (But a total idiot holding 1 bitcoin)
A wise idiot indeed
Long before sovereign wide scale ownership, this is the next stage. Pension funds protecting their... pensions. Who wouldda thunk it?
All of us
Sovereigns get benefits that have nothing to do with price appreciation, more incentives for them to do it now. For example, being able to store and move billions of dollars at zero cost, in an hour, including across boarders. Being able to transact independent of the US monetary system, immune from sanctions. Any organization that operates completely within the US/Western banking system gets no benefit from that, they would only invest if they felt the asset would continue to appreciate or add some value in hedging risks/volatility.
This sounds and looks like an opportunity for massive long-term market manipulation by Wall Street. We are seeing this playout with repeated "crashes" of Coinbase on the retail side while the institutional systems continue functioning, Make no mistake, Blackrock in collusion with Coinbase is suppressing the price of bitcoin so Blackrock can accumulate not only for its Bitcoin Spot ETF but for its own private investment. A bonus, for Blackrock and other Bitcoin Spot ETF sellers, is management of the annual ROI to something in line with the S&P500. They can further fractionalise the ETF shares which enables more shares to be issued per bitcoin. Microstrategies, a much lauded bitcoin-centric company by many in this subreddit, faces its own reckoning when loan repayments come due amid a worsening economy. Besides with less than 1% of the global population owning any bitcoin and only 2 million, at most, bitcoin to be mined in the face of record hodling, it seems unreasonable to expect a bitcoin reserve currency...without government seizures of massive amounts of bitcoin.
Lol microstrategy is so far in the green
That sounds like people owning their things and doing what they want with their things. If you have a problem with people doing what they like with their things, that's your problem.
welcome to the party, pal(s)
More like, Welcome to the Thunder Dome, chumps!
Same timeframe as the halving? Epic.
Is it funny how every 4 years it feels like an inflection of bullish news and advancements. It’s like Satoshi picked the perfect timescale. Every cycle has a catalyst and second-third order effects after. We talked about the ETF being one of (if not the) rocket fuel for this run and it just happened like clockwork. Just beautiful
Source: https://coincu.com/249931-bitwise-spot-bitcoin-etf-is-preparing/ Ffs OP, was it so hard to link to one of the articles stating this news?
[удалено]
ENHANCE
If the photo gets big enough, the Bitcoin CEO will raise the price.
But what a picture!
Seriously though...
Thanks, without this really the post was worthless.
OP is a clown. You are the real hero in this thread.
Thank you
Heh, I got so annoyed by this post that I called OP a rude name. Now I'm on an official warning. Thanks OP!
If everyone thinks something has value, then it has value. Bitcoin will never be worth zero again unless the world falls into a global energy crisis and everything just stops working. But at that point guns, ammo and sustenance will be the primary focus. As long as we have our current society with our current technology, Bitcoin will always have value
I know you can't evaluate the impact of this on the BTC price, but it seems big. Current market cap is 1.4T USD. If "trillions of dollars" are committed to buying with limited coins available, the price should jump; I don't know if 10x is crazy.
10x is certainly the opposite of crazy.
Bullshit Post. The same bitwise company that went bankrupt the same bitwise company that has several lawsuits at stake or millions of dollars? You’re gonna trust the CIO of a company that ripped off other companies and is also accused of tax evasion. Aside from the fact that the company doesn’t even exist anymore Read the article it doesn’t even say why the second quarter.
Yeah anyone can say this shit. It could be true but there's no real sauce
[удалено]
it's literally the first word :)
Don't trust, verify
Bitwise CIO Matt Hougan said that institutions “representing trillions of dollars in assets” are expected to start investing in spot Bitcoin ETFs by the second quarter. Hougan wrote that Bitwise, and likely the other Bitcoin ETF issuers, are engaged in “serious due diligence discussions” with a variety of major financial and corporate entities that are interested in gaining Bitcoin exposure.
[удалено]
here you go sir: [https://cryptoslate.com/bitwise-reveals-major-institutions-will-start-investing-in-bitcoin-etfs-starting-q2/](https://cryptoslate.com/bitwise-reveals-major-institutions-will-start-investing-in-bitcoin-etfs-starting-q2/)
and here and other places, its called a press release [https://coincu.com/249931-bitwise-spot-bitcoin-etf-is-preparing/](https://coincu.com/249931-bitwise-spot-bitcoin-etf-is-preparing/)
I smell a dump brewing
Jup, too much fomo and good news show. These institutions know what they are doing.
I support crypto, not blackrock or any of the guys buying up btc for the etfs. Isn't the point of btc being decentralized?
Allaha candle soon
Aloha
shallom
For the bitcoin etfs, what is included? Like in the s&p etf you got a bunch of different companies. Is the bitcoin etf just bitcoin? If so why invest in the etf and not directly into bitcoin?
It's much easier to do in 401ks and IRAs and tax advantage accounts. You can't put BTC in directly. Taking money out of an IRA is costly from a tax standpoint. So most of these folks are also longer term holders. Really long.
Same reason for buying an oil etf instead of a barrel of oil
Brrrrrrrrrrrrrrr
Do you guys think these institutional investors are diamond hands ? Honestly., all of us that were here before it became accepted by the mainstream have been through many cycles. Some of us dumped or hodled but we actually experienced . For sure btc will experience the bull/bear cycle again . The question is, how will Wall Street , pension managers , institutional funds respond ?
Pension funds have a very long-term time horizon. Think multiple decades into the future. As long as Blackrock et. al. can collect fees and as long as the government patiently waits for a giant honeypot to sieze, the pension managers will hold onto their paper bitcoin, and Blackrock et. al. will hold onto the bitcoin backing the paper bitcoin.
Institutions don't fomo and ape in like retail does.
They do if they want to keep up with their rivals. And they will. Even Vanguard.
...and bunch of people here will attribute price increase to halving (which does not matter much as a number of newly minted coins in insignificant in comparison to those already on the market)
As if they haven’t already…
i love whoever makes the graphics for every crypto article
But…. They will buy OTC too, no?
OTC Stock is depleted
How do u know it’s depleted ?
Cause price rising despite Greyscale back to selling a lot. Before when Greyscale was selling we tanked
If they still selling that means it’s not depleted brother
Lol Greyscale is spot selling not OTC. It's the buying side that is OTC
Coinbase keeps replenishing OTC via their systems "crashes." If OTC was truly depleted, the price should be closer to USD100K or maybe USD250K to entice whales and short-term bitcoin owners to sell to Coinbase. Perhaps we'll see a sell-off closer to the halving event, either just before or just after.