The Bitcoin for Corporations Event is the biggest Event for Bitcoin that no one's talking about...

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MicroStrategy has put together an Event that is going to present Bitcoin to thousands of Corporations and Executives and it's happening in a matter of days

Bitcoin is due for a pullback right? It ran up roughly 10x from the March lows and has only pulled back 31% from those highs thus far.

It has to correct further, right?

Well, maybe, or maybe not. Besides the fact that history says these roughly 30% corrections are often all we get during the post halving bull market pull-backs, there is a major event taking place in less than 2 weeks that could potentially drive massive demand for bitcoin.

This demand could potentially be in the hundreds of millions or billions of dollars in new money coming in.

Ok, so what am I talking about exactly?

Everyone's favorite Bitcoin-Bro CEO of MicroStrategy Michael Saylor, has put together an event explaining bitcoin and how to add it to corporate balance sheets to literally thousands of corporations and executives and it's taking place on February 3rd and 4th.

Bitcoin for Corporations

The Event is being called Bitcoin for Corporations, and as mentioned above, it's being hosted by Michael Saylor on February 3rd and 4th:

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(Source: https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit)

The first day of the event (Feb. 3rd) consists of Saylor and team explaining bitcoin and how/why to add it to a corporate balance sheet as a treasury asset as well as some general finance/accounting/regulatory related issues that may come up with bitcoin and crypto .

The lineup for that day can been seen on their website and looks like this:

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(Source: https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit)

While that is very interesting and may hold the most pertinent information for many of the attendees, it's the day 2 presentations that might garner the most attention...

Basically the who's who of crypto is going to be there on Day 2, presenting.

From Michael Novogratz to Grayscale to Fidelity to Binance, many of the biggest names are all going to be presenting the states of their businesses as well as the state of the industry to the attendees.

Here's a screenshot of the day 2 (Feb. 4th) lineup:

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(Source: https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit)

This could be YUGE for Bitcoin

While it remains to be seen how impact that his will have on the price of bitcoin in the near term, it's hard to think this doesn't have huge implications for bitcoin over the following weeks and months.

We are going to have billions of dollars attending this conference with an interest in adding bitcoin to their corporate balance sheets.

If just a few of them do anything close to what Michael Saylor has done, bitcoin will have to go up.

There's simply not enough supply out there to counteract the amount of demand they could be bringing in.

So, while bitcoin may or mat not have bottomed in the immediate term, this conference is something the bears probably don't want to see on the horizon, I know I wouldn't if I was short or out of bitcoin.

Stay informed my friends.

-Doc

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21 comments
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Michael might be able to pump Bitcoin again, but I have heard that his strategy is not that well respected, since locking up your liquidity in a high volatile asset is not sth you want to do if you want to stay liquid.

Still getting other Corps to put 1%-5% of their capital in BTC would be huge indeed.

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He's said multiple times it's his treasury reserves, IE cash he's not planning on using for day to day business operations. He's mentioned multiple years as his investing time horizon.

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(Edited)

welp, I am just reciting what Frank Thelen (some German business guy) said. Despite him also liking Bitcoin he said Saylor is overinvested so he can't respond to changes in the market (cause not necessarily liquid) and also does not reinvest into his operations. But well if you don't know what to do with a billion dollars might as well put it in BTC.

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Yea well he's not trying to time moves in the market, he's buying dips and expecting bitcoin to keep doing what it's done since it was created, and that's go up over time.

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When I first heard about this, it made my head explode just trying to comprehend the massive amount of bullishness this will bring. This amount of demand will be intense, with the huge piles of cash that some of these corporations are sitting on, and bonds not yielding much at all, they are going to suck up all the bitcoin supply like a vacuum cleaner. Stack your sats before the corporates take them all.

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I am all for seeing people picking up interest in crypto/bitcoin. I don't know whether or not to be excited about big corporations jumping in though as I feel like I have always viewed bitcoin as an enabler of personal/individual freedom. It feels wrong that these corporations are building massive bags, though I know it will help the price.

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Yuge

Waiting for all of the corps

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And the great thing about is that we don't have to wait long for it to happen... just over a week a way at this point!

Even if it doesn't immediately push the price of bitcoin higher, though it could, in the medium to longer term this has to be huge for bitcoin.

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Thanks for your excellent post, I find a very big name missing. If holding a big event, this name is indispensable, that is (Bitcoimagazine) they are the largest magazine in the world, they regularly organize events to give away huge free bitcoin to the community, There were even a lot of people who received up to 2 million Shatoshi for a free event. A big event without them is sad😔

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Get it in front of them! They can certainly attend!

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