Post
Topic
Board Bitcoin Discussion
Re: Bitcoin dumped to $89k then pumped to $97k the next day - the reason why
by
FortuneFollower
on 29/01/2025, 08:06:12 UTC
Although it has a relationship to the occurrence of a bitcoin downturn in the near future, I see the process happening naturally as usual and also influenced by other events that affect the decline in the price of bitcoin. In relation to the increasing adoption value, trust in bitcoin is growing and basic considerations related to hedging that are often discussed by most people and Meta itself may start to consider it. A majority of the Meta board needs to vote to smooth the move and maybe the testing phase will occur after that is agreed upon carefully.

That's a good decision because even though there is debate to reach a full vote, it requires approval from the Meta board itself. $ 72 billion is a large amount and requires approval that may not be easy to implement directly and allocating it in full at one time may be something that needs to be thought through carefully.

It will need lots, lots of confidence from the board to even consider implementing such steps ahead.
Surely, they would be able to see the potential in Bitcoin, but they would consider risks very carefully, due to them not using it for such matters beforehand.
I do think the money we are talking about are huge, but it's a tear drop for the Meta, imo.