Post
Topic
Board Bitcoin Discussion
Re: Will you sell your bitcoin to blackrock?
by
jeraldskie11
on 03/12/2023, 14:44:48 UTC
Imagine a situation where you own a house and a piece of land it's built on. You estimated the value of the whole thing to be $500k. One day someone knocks on your door and offers you $2m all of a sudden. Will you sell or suspect they know more than you? Maybe there's an oil deposit underneath your house? Maybe there's geothermal energy source? Maybe an international company has plans to build a facility nearby and will need your land for whatever price?

I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?
It's normal to wonder why they want to buy your property with 4x of your selling, even though property is a kind of investment, you can't immediately sell it at a very high price. But because they offered it for you, I will going to sell it because I can buy new property with only $500k price. However, we can't compare Bitcoin to a house or a piece of land because Bitcoin is different. If ever you have Bitcoin and there's some offer you $100k price even though the current price is $50k, the current price of Bitcoin will not turn to $100k. The price of Bitcoin will depend of the circulating supply and the market cap.