Quote from: HardFacts on January 09, 2021, 05:43:40 PM

As I posted last month, Institutional Money would change everything for BitCoin, and make the price go up to the levels you guys have been talking about for many years... Here is how BitCoin goes from what seems a high price of 40,000 now to 100,000 very quickly Shocked

How Bitcoin Gets To $100,000 Next: Morgan Stanley Boosts Stake In Microstrategy, Opening The Floodgates

https://www.zerohedge.com/markets/how-bitcoin-gets-100000-next-morgan-stanley-boosts-stake-bitcoin-fanatic-microstrategy

I am wondering why they didnt just buy BTC directly themselves instead of investing in Microstrategy. I am assuming is because they "can't yet buy bitcoin directly" perhaps. Microsttraegys price right now quickly mimics BTC pretty much since a large part of their holdings are BTC itself. Its pretty much like a Bitcoin ETF pretty much that is not OTC like GBTC.

Either way its always bullish when Morgan Stanley or JP Morgan give these bullish predictions when a few years back they were all going to say that Bitcoin will fail. I think the only institution which didn't say anything negative about BTC were Goldman Sachs. Their old CEO just said he is neutral towards bitcoin because he doesn't quite fully understand it. The rest all labelled it a scam and moved on. When futures launched back in late 2017, many of them shorted BTC at $20K and later bragged about taking profits at $6K or $3K.