Post
Topic
Board Bitcoin Discussion
Re: BlackRock's Bold Move: $1.5 Billion Bet on Bitcoin!
by
Baofeng
on 31/10/2024, 13:37:45 UTC
Have you thought about the flip side of it? When these big corporates are buying Bitcoin in bulk, the price is increasing. A lot of people sharing about it.

But what would happen if these corporates start selling their Bitcoins in bulk? The price will start dropping.

With 1.5 billion worth of holding, these corporates hold the power to manipulate crypto market. I hope no company start buying Bitcoin anymore!
Indeed, the bulk sale of Bitcoin by large companies could drive down the price, especially if it happens at the same time as other market events.

There are reports that they are buying OTC so that it will not affect that much because no one is going to see or known about the sell-off, not the traders on exchanges who might see the sell orders and then panic, pushing the sell button. This institutions knows how the play the market and to not affect or send shockwaves with their huge sell.

It is also possible that these companies are adopting a long-term strategy, seeking to hold on to their assets to extract maximum value from them over the long term.

Of course, they know the game, it's going to be a long term hold to make huge profits and to maximized it. We have seen or heard Saylor about that strategy. And even for us retail or average joe investors, this is our strategy, DCA, hard and grind accumulation and then sell during the height of the bull run.