πŸ”₯ 10 companies own 600,000 Bitcoin, this will be INSANE!

in HODL β€’ 2 months ago

Hello!

If you are reading the crypto news last weeks, you have noticed that some public traded companies are starting to accumulate Bitcoin.

In fact, there is more than that, yhey are also sharing how they are doing it so that other companies can easily copy the process. Companies like Grayscale, the largest digital currency asset manager, with more than $5.9B in assets under management have joined the party.
Other well known companies such as Square or MicroStrategy are HODLing Bitcoin on their balances.

I found an image from @coin98analytics, that shows what it means in a visual manner, here it is:

image.png
Source

If only 10 companies accumulate more than 600,000 Bitcoins in their balance sheets, have you ever wondered what will happen when more and more companies want to buy?

The answer is easy πŸš€

I remind you that the maximum supply of Bitcoin is 21,000,000 and that you have to assume that many are lost forever. Probably with the current supply of 18 million there are less than 16 million available. And by available I am not saying that people are willing to sell...

Just 10 companies probably own 4% of the available Bitcoin supply:

600,000 / 16,000,000 = 4%

Things are going to get wild. I just want more time to accumulate. Bulls, please let me save more money before the most amazing bull run ever.

Stay safe!

Enjoy! 😊


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Nice find! Things are going to get wild indeed. Wild like crazy wild.

(Looks like autovoting is down for the moment. I posted something new over half an hour ago and still only have one vote. Mine. 😒 Terrible luck since I put a lot into it. 😒 Do take a look at it when you have time. Tomorrow I'll give you a re-blog on this one since it's good and, well, we need to make a effort to get these out again ... before they get lost in yesterday's blockchain. πŸ˜‰ )

Hey @cryptographic!
Yes, the blockchain and the interfaces are still buggy for the Hardfork. I've tried to post today 4-5 times.
I appreciate your support, you will have my upvote as I normally read your posts and i like your content.

Hopefully tomorrow everything is working again! Cheers! πŸ’ͺ

Lots of folks not even posting. Guess it's not too surprising though, considering the scope of the upgrade.

Great read again, ty! I can't see any reasons for BTC to be going far down when all the fundamentals are real strong for an epic bull run in the near future :) Only thing would be a black swan event as the march covid dump :p

Hello @resiliencia
I have A question
Is Your Leo Miner Investment still good ?
I Want to buy some and still confused
Thanks

With 4,000 miners I am getting 400 LEO per month approximately.
If you plan on buying some miners you should buy a bunch, buying 10-20 miners is not worth it in my opinion.

If you have more doubts, let me know!

ok thanks

I see this more as bad news, it means Bitcoin's price will be even further tied to existing centralised markets.

With the way some of the largest economies are going right now, more dependence on them is bad news.

This may benefit those looking for short term profits, but in the long run it's damaging to Bitcoin.

The higher the price of Bitcoin, the better for the HODLERS.
Nothing is stopping you to buy Bitcoin now, you can do it ;)

Bulls, please let me save more money before the most amazing bull run ever.

Same here!