Post
Topic
Board Bitcoin Discussion
Re: How will institutional investors impact Bitcoin?
by
Don Pedro Dinero
on 07/10/2023, 08:38:28 UTC
Institutional investors can bring stability and liquidity to the Bitcoin ecosystem. They can also help to legitimize Bitcoin and make it more mainstream.what you think about this as a crypto guy ?  Wink
This is very correct.

It is only partially correct. Remember when Tesla sold 75% of its bitcoins and the market reacted downwards. The market is not that mature yet. If tomorrow a couple of major companies like Apple and Amazon announce that they are buying bitcoin and will accept them for payment, the price doubles in a week. And vice versa. If Saylor for example says it changes its mind and starts selling bitcoins we will be at levels below $20,000 in a few days.

If bitcoin actually ends up achieving mass adoption, then gold-levels of stability(or even more stable, if bitcoin becomes far bigger than gold) is going to be inevitable. Bitcoin will be a boring asset, and that's a good thing.

Yes, but that is a long way off.