Are institutional investors getting greedy over Bitcoin?
Last week Grayscale released a 30 seconds ad advising investors to move into digital asset, it might interest you to give it a read; 30 Seconds Grayscale's ad campaign advises investors to move into digital currencies
Now is the time to invest in Bitcoin,’ the full-page ad in UK-based international business newspaper Financial Times states
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Here is Galaxy Digital going the ad way as well calling for investors to buy Bitcoin. The campaign for Bitcoin is interestingly gaining momentum with BTC currently in a bullish state.
This comes after a week of bullish news which included Nasdaq-listed investment firm MicroStrategy purchasing 21,454 BTC as protection against the weakening U.S. dollar, Coinbase exchange offering Bitcoin-backed loans, and the revelation that BlackRock and Vanguard are major holders of MicroStrategy shares.
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Accumulating $250 million worth of BTC is no joke. More of such accumulation is expected to continue as institutional investors get in on crypto. The situation leaves the ordinary crypto enthusiasts to buy the less expensive ones now and keep accumulating free ones as well.
It is accumulation phase and it's time to get greedy. I probably might go shopping on Hive in a few days and keep accumulating the affordable one I believe will be of success.
Cheers.
We owe it to ourselves to make Hive great
To answer your question in the title. No, their not being greedy. They're trying to protect the money they already have because the fed is printing money at a rate they will devalue the USD. Buying BTC is a hedge against a weak dollar.
Also, its not $25 million worth of BTC. It was $250 million.
The accumulation phase is over. We all had the last 2 years to accumulate crypto. This is the beginning of the bull market. You can expect to see most coins to go up in value in the coming months.
I get most people here will power up and try to build their HIVE holdings but don't forget to put some BTC and ETH into your portfolio.
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Thanks for the correction on the $25 million, second time I got a typo error in my post in less than a, I will have double my figures going forward.
For some reason I will say there are some elements of greed to the accumulation, now this is a kind of greed I have no problem with. Everyone is welcome to accumulate as much crypto as he or she can provided the opportunity because clearly FIAT have been failing us.
Do you really think the accumulation phase is over? The current bull run is far from proof the bears are not some time to reign again.
Yeah, I believe the accumulation phase is over. The bitcoin chart shows we've just entered a bull market. Bears had almost 3 years to do their thing. Its the normal bitcoin cycle.
Besides the bitcoin cycle, there are other factors that will force the price to go higher and that's the fed printing money non-stop devaluing the USD. This forces companies to look for ways to hedge against a weak dollar and crypto is one of the options.
I have a question, when you see bitcoin price go higher. What do you think? Personally I don't see it as bitcoin going higher but the dollar getting weaker losing its value.
I think the Dollar getting wicker plays a role in the price of BTC amongst other factors like the demand for BTC, the HODLers not willing to sell making it scarce as well as to BTC that have been lost and may probably never be found.
These factors and others I think have impact on the price of BTC.
Many thanks for your input much appreciated 🙂
The answer is to preserve their capital and value.
Absolutely no doubt about that
Check out Grayscale's Q2 report, it'll show you the magnitude of growth in institutional investment, this has been going on for some time now
I actually have been bumping into Grayscale's cryptocurrency accumulation, those guys are seriously accumulating!
Yeah, Grayscale is a key part of the crypto infrastructure, degenerate traders are focused on the 1D chart getting rekt when GS' reports will tell you everything you need to know, patience is key!
I think one needs to have some elements of patience in this space to be successful.