Re: Are institutional investors capable of selling their bitcoins?
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?
I think what Saylor says sums it all up. I don't think all companies that buy Bitcoin think exactly the same way, but I'm sure most think very much like him. Bitcoin is the best asset you can buy today, number 1. And as such, you shouldn't sell it. Ever. If you need cash, you can borrow, use to cash flow of the company or sell other assets but never the best asset in the world. Whether you buy it at $100k or $1M, it is the most powerful and scarce asset in the world, so the value will continue to grow.
If this is the case, btc price is expected to grow infinity then why so many people worry about little market dump as we have experienced this past few days!
why McAffee prediction of $1 million btc seem odd to many people (it doesent matter at what year it was suppose to happen), if we all believe btc will continue to grow in price till end of time (because thats what this above staement sound to me) then we shouldn't be concerned about buying at 60k or 100k,
what is the essence of having an asset you can never sell, buying and selling is part of economic circle, if everyone who own btc decided not to sell ever, then the rest people will not be able to buy a single sat
, i know btc is valuable asset but the Not to Sell Ever is taking things to the extreme and will not be healthy for the growth of btc.