Quote from: justdimin on July 31, 2023, 11:29:23 AM

I feel like you do not need trillions, think about it this way, there are so many big companies out there, I mean the ones that can spend at least a billion in bitcoin, some smaller but still hundreds of millions.

If you think that 100+ companies like that all went into bitcoin around the same time, not at the same day, but like within the same month, the price won't be six digits? I mean that's tens of billions of dollars all go into bitcoin in a single month, maybe even close to 100+ billion dollars going into it in a month. I could see it reach to a million price. One of the main reasons would be there wouldn't be that much resistance neither, there are some here where we are, but not any higher levels have that kind of resistance.

So you start from the assumption that all these companies will invest in Bitcoin at some point (perhaps when the spot BTC ETF is approved), and from 2009 until now they have not done so, even though there are no obstacles to it? What are the chances for such a scenario?

Of course, if something like that were to happen (for some reason), then only the sky is the limit - but here we are talking about a radical turn from thinking "We are not interested in Bitcoin" to "Let's invest $500 million or $1 billion in BTC".

Quote from: Wind_FURY on July 28, 2023, 06:13:27 AM

~snip~
Therefore I truly believe BlackRock will make the largest investment by an institution/asset manager in Bitcoin's history. How much is Chad Saylor's Bitcoin investment? 0.05% of Total Supply?

The first question is whether BR will get approval for that ETF at all, and the second, if it gets it, will their clients be interested in investing in BTC? What if the interest for that ETF is similar or only slightly higher than that shown by investors for futures BTC ETF?

In my opinion, it is wrong to assume that they will invest the most just because they have the most assets under management.