I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price.
Institutional buyers are speculators, so with the slightest volatility... most of these institutional investors will dump their coins. This will give an opportunity to the "real" bitcoiners to buy back some of those coins.
Do you think any institutional traders will hoard coins, when we see a 70%+ correction..like we saw after 2017? (Will never happen, they will drop those coins faster than what I will be able to say "dump".
It is a tug of war between the "real" hoarders (Bitcoin Whales) and the Institutional Fiat Whales.
