Post
Topic
Board Bitcoin Discussion
Re: The higher BTC goes, the bigger the risk/reward ratio and the less buyers enter
by
Poker Player
on 20/03/2021, 15:13:53 UTC
-snip

Your comments seem focused on retail investors but we are in a mainly institutional investors phase. Institutions buying Bitcoin are not so focused on the price now being high or not, rather on buying a pristine asset which is going to surpass and substitute gold as the best reserve asset in the world. This is mainly because the cost of capital has gone up a lot during the past year and it seems it will stay like that for a while, being Bitcoin the best-looking asset protect value.