Re: Bitcoin whales selling to institutions as Grayscale adds 7,188 BTC in 24 hours
So we,as Bitcoin supporters have to rely on a few big companies and trust funds like Grayscale to pump the Bitcoin price by increasing the overall demand for BTC? 
Is this supposed to be a positive sign?What if funds like Grayscale start selling BTC?The price will probably go back to 6K USD in no time.I know that Grayscale is buying BTC mostly for long term HODLing,but we can't predict how this company will react to the BTC market and what will happen,if Garayscale has new shareholders,who aren't Bitcoin maximalists.
I'm still waiting for mass Bitcoin adoption and the creation of a BTC market,that would be almost free(100% freedom is impossible)of the influence that institutional investors and crypto whales have over the price.
Is this supposed to be a positive sign?What if funds like Grayscale start selling BTC?The price will probably go back to 6K USD in no time.I know that Grayscale is buying BTC mostly for long term HODLing,but we can't predict how this company will react to the BTC market and what will happen,if Garayscale has new shareholders,who aren't Bitcoin maximalists.
I'm still waiting for mass Bitcoin adoption and the creation of a BTC market,that would be almost free(100% freedom is impossible)of the influence that institutional investors and crypto whales have over the price.
Part of mass adoption is big companies and institutions jumping in. You can't expect them to all wait until you hit your price target and have them buy your coins from you at that price right? They will always have a big influence just because of their massive size.
These funds will not be selling and dumping the price back to 6k as bitcoin is basically their business model. If the shareholders want to get out, they will have to sell their shares to other interested people.