Post
Topic
Board Altcoin Discussion
Re: Fidelity Report Says Portfolios Should Consider 5% Bitcoin Allocation
by
louisBSAS
on 17/10/2020, 22:52:04 UTC
If you really invest 5% into bitcoin when you are that big of a deal as a company, that is going to change too much in the crypto world. Think about places like JP Morgan or Chase or another huge company like that suddenly putting 5% into bitcoin, thats really not something we should not consider happening anytime soon because we are talking about 50+ billion dollars for a 1+ trillion dollar company and some of them actually do have that kind of money.

We can't just make our predictions based on them making 5% bitcoin investment, that is something far far down the line which is why we should focus on a bit sooner. As long as more companies like fidelity or grayscale or square comes up, we are going to get bigger and bigger because they will buy and hold billions of dollars.

I am also interested in why the price of bitcoin has not yet increased, if such large campaigns have begun to invest in it. Buying so many coins would not be reflected in the price increase. Most likely all these coins were bought on the over-the-counter market, which is upsetting, because I would like to get a very fast rise in bitcoin.