https://bitcointreasuries.orgsnip
Now, a very common logic, which institution would like to buy btc at $100k or even at million dollars when the seller institution is already taking out big profits in fiat by selling their btc to the buyer Institution? Won't that btc be coming with an impermanent loss if the price dumps later? Do you think there is any point where a stagnancy of liquidity or financial crunch may affect the price of btc so badly that it can reverse down like it did in the 2018 crash?
Lets travel back to around this time in 2013 when Bitcoin was priced around €130,
Could they have comprehend that people 8 years later would be buying Bitcoin
at €50,000 and €60,000? I doubt it very much
Fast forward another 8 years, I'll bet people will be looking back at €100,000 and
wishing they had bought Bitcoin when they had the chance.
As regards stagnancy of liquidity, the elephant in the room is the imminent reactions
to inflation after this pandemic is brought under control. Bitcoin is seen by many,
Microstrategy's Michael Saylor being the most vociferous, as being the best store of
value and of course hedge against inflation so its only a matter of time before more
investors enter the space, i dont think there will be a liquidity problem.