Considering the increasing interest from institutional investors, what impact do you think it will have on the overall value and perception of Bitcoin in 2024?
I for one, personally think that Institutional investors have the potential to significantly impact the value and perception of Bitcoin in 2024. Their involvement brings more legitimacy and stability to the market, which can attract more investors and increase overall confidence in Bitcoin. As institutional adoption grows, it could potentially lead to a higher demand for Bitcoin, driving up its value.
The institutional investors have been there IIRC since 2021 and backward, so it's not new that they're going to indulge on this market because they already did. And with the success and approval of the bitcoin spot etf, that already signifies that this is becoming and serious market and investment. From there, that's already going to attract more investors through the ETF but then, IMO they are going to learn on how to invest directly to Bitcoin and will learn about holding private keys and using noncustodial wallets.
It's an exciting development that could shape the future of Bitcoin!
What do you think?
Exciting indeed and that's why the most patient investors and holders are the ones that's going to benefit from this development that we're having for Bitcoin. Because if you are the impatient investor and you want to just watch out where it is coming before buying in, you might miss the bull run if you don't hold that much. I've got friends that are starting to approach me and ask about what to do, I've just said the same thing to buy now and hold. It's simple as that.