Post
Topic
Board Economics
Re: Has everyone become too pesimistic about the economy?
by
Wind_FURY
on 29/09/2023, 06:35:50 UTC
- Institutional investors will come back and take Bitcoin to six digits

Do you mean whales?


Whales? Not mere "whales" ser. Institutions like BlackRock. Institutions that will make us scared about what could happen to the network if they HODL more than 50% of the supply in their vaults. Those kinds of people.

Quote

They must try to take profits as much as possible. When the hype of six digits to achieve, they probably will support it. But we don't know whether the price will really reach $100k or not. However, the next ATH should be above the last ATH ($69k).


I believe not, and I believe we're talking about different groups of people. The whales of Bitcoin and shitcoins are not "the actual whales" of the real world.