Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Before you read it elsewhere.
Fasten your seatbelts guys.
On January 18 Grayscale added 16,244 BTC to their Bitcoin fund!
More than 600,000,000 inflows on a single day.
Highest BTC inflow ever.
Highest USD inflow ever.
More info here, on my GBTC Observer thread.
Fasten your seatbelts guys.
On January 18 Grayscale added 16,244 BTC to their Bitcoin fund!
More than 600,000,000 inflows on a single day.
Highest BTC inflow ever.
Highest USD inflow ever.
More info here, on my GBTC Observer thread.
Any info on others besides GrayScale piling into BTC? I mean what if they decide to 'slack off' and slow down purchases now due to the 'caution' of a pullback
and wait for the pullback to buy again? Is there enough PayPal and other Traditional Investors now in play, to at 'least' keep the price sideways?
Or are we looking at the usual 'Bitcoin you merciless bitch' ..plain old 50% pullback...brief or otherwise?
Thanks, just wondering if the current BTC price is a 1 trick pony with GrayScale hype/FOMO mostly.
Brad
Edit: You 'hang around' WO Bitcointalk Thread enough and info will eventually fall from the sky...anyway...link to some of my questions in article below.
https://medium.com/coinmonks/grayscale-trust-and-the-effect-on-crypto-prices-3bbd49d6fcb7
It's not like GrayScale is buying themselves with their own funds, they're just a vehicle for others to get exposure to BTC. When/if ETF fund will get approved they'll drop hard and their premium will go away, because all of the investors would switch to ETF with lower fees. If investor interest dries up altogether then BTC price will correct accordingly