Post
Topic
Board Speculation
Re: Bitcoin - The road to a SIX DIGIT price valuation
by
buwaytress
on 23/07/2023, 09:56:45 UTC
From just a business and investment perspective, what would be the more significant investments than what BlackRock and the other asset managers are going to bring if their applications are approved? I can't think of any other unless Russia and other sanctioned countries start buying Bitcoin and HODL them in their "vaults".

Why, buying actual Bitcoin and holding it. As I've mentioned many times, institutional interest from 2016 already led to huge OTC buys. Look at the famed custodians holding huge amounts on behalf of institutional. Look at Saylor, more recently. Look at the Norwegian sovereign wealth fund from a few years back.

They didn't need to sit around waiting fir ETFs (which interest short-term speculators). They went out and added actual coins to their portfolios. You don't think those are more significant than ETFs that sometimes also use derivatives? Then again. I'm no expert, just an opinion-monger ha.