Post
Topic
Board Speculation
Re: Bitcoin - The road to a SIX DIGIT price valuation
by
justdimin
on 26/07/2023, 04:44:40 UTC
If more people see BlackRock the same way you do and have the same level of optimism, maybe it has some addon effects I can't yet foresee nor understand. For me, at the very least, they'd need to be buying actual coin a la MicroStrategy for it to make sense to me, but still -- I can concede that at worst, it can't be bad news.

Half a mill, still too rich for me, but happy to eat my hat if that happens. Might even eat two hats.
I feel like it's all about getting more attention, it could be via getting actual coins, it can be like this, it doesn't matter as long as bitcoin name is on the papers and in the news. If we can get more attention that means even the action itself may not increase the price, but the news of the action could end up causing others to join in and increase the price. That is the aim, and I believe that as long as billionaire people and companies enter the market that means that we are going to get richer.

Microstrategy is a great example, they did something and if they are example to any other company eventually that means it's a bigger impact than the money they got in with, their money caused other money to get in, and that's what matters.