Post
Topic
Board Speculation
Re: INSTITUTIONAL MONEY changes everything !!! How BitCoin gets to 100,000 Next
by
el kaka22
on 13/01/2021, 12:30:15 UTC
I believe as long as wall street keeps pouring money in, the price has to go up, because there is limited amount of bitcoins available in the market so they have to increase the price. Think about it this way, grayscale owns 2.5% of ALL bitcoins that will ever exist, and we allowed them to do that only with 10-15 thousand dollars, hell even at 40 thousand dollars that is not cool because from now on just one place owns 2.5% of all bitcoins there will ever be, and bigger portion of what we have right now.

So I would say if wall street gets in, we need to make it a lot more expensive so that they do not buy even more, at the end a bunch of companies will own 10% of all bitcoins and that would be bad for traders and it would be bad for using bitcoin as currency too, we need to make it work for buying and selling things as well. So I hope they do get in, but I also hope price goes up a lot faster.