Michael Saylor Explains How Exponential Pricing Can Take Place
(Edited)
The head of Microstrategy claims that 10 billionaires can triple the price of Bitcoin. He accurately points out that the money they are playing with, a billion a piece, could cause huge moves in the coin's price.
In this video I discuss how this applies to every token and the smaller the market cap, the less it takes to move it. A million dollar would send the price of HIVE flying where $10,000 in LEO could do the same there.
▶️ 3Speak
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Your current Rank (25) in the battle Arena of Holybread has granted you an Upvote of 17%
Even people in crypto don't understand this.
We'll be f... rich, my friend. Very soon.
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Isn't that the truth.
We only need to see a little bit of fiat flow into HIVE, and even less into LEO, to make things fly.
The money that is flowing into Bitcoin is truly only the tip of the iceberg.
Fill those bags because they will explode.
By the way, $100 in PORN might send it flying. 😁
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I have soo many bags I can't even keep up with what's going on. Some of them quite loaded.
Dporn, Appics, Actifit, Dlike, Dtube, pal, blurt, leo, wleo, hive, and more.
Crazy!
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STOPTo support your work, I also upvoted your post!
$10,000 in LEO? Well, I'm certainly doing my part - already bought 2,000 LEO for @khazrakh.leo with outside money and I intend to continue doing so in the coming weeks.
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I could imagine a few Eth whales diversifying into Leo.It wouldn't take much.
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Summary:
In this video transcript, Task discusses the potential impact of large investments in the cryptocurrency market, particularly focusing on Bitcoin and Ethereum. He highlights the comments made by Michael Saylor, the CEO of MicroStrategy, about how a few heavy hitters investing significant amounts could significantly impact the market cap of cryptocurrencies. Task emphasizes that even relatively small investments from wealthy individuals or asset managers could cause notable price movements in the cryptocurrency space. He underscores the rapid growth potential of cryptocurrencies due to the relatively small size of the market compared to traditional assets like gold, stocks, or real estate.
Detailed Article:
Task starts by mentioning Michael Saylor, the CEO of MicroStrategy, who has heavily invested in Bitcoin, with the company putting in around $425 million. Saylor's statement about how just 10 billionaires could potentially triple the price of Bitcoin is discussed, emphasizing the power of large investments in impacting cryptocurrency markets. Task points out the current market cap of Bitcoin and the potential for significant growth with substantial investments.
Moreover, Task delves into the idea that asset managers handling trillions of dollars could also make a substantial impact by allocating even a small percentage of their funds to Bitcoin. He exemplifies how such investments from heavy hitters could outperform the cumulative effect of smaller investors in driving cryptocurrency prices upward.
Task then extends the discussion to Ethereum, another popular cryptocurrency that has been performing well recently. He highlights the smaller market cap of Ethereum compared to Bitcoin, suggesting that even a few billion dollars could significantly influence its price. Task further illustrates this point by referencing smaller cryptocurrencies like Hive and Leo Finance, emphasizing how even relatively modest investments could cause notable price surges due to their smaller market caps.
The transcript also touches upon the overall size of the cryptocurrency market, which Task notes is considerably smaller than traditional assets like gold. He discusses the exponential growth potential of cryptocurrencies and suggests that it would not take a massive influx of capital to trigger a significant bull run in the crypto market, potentially reaching market caps of several trillion dollars.
Additionally, Task contrasts the impact of investments in different asset classes, such as stocks, real estate, and cryptocurrencies, highlighting how larger markets require more substantial investments to see significant price movements. He stresses the advantage of smaller projects in the cryptocurrency space, as even moderate interest or investments can lead to substantial price increases due to the relative size of these projects' market caps.
In conclusion, Task emphasizes the potential for significant market movements in the cryptocurrency space driven by large investments from wealthy individuals or institutions, underlining the unique characteristics of the crypto market that make it more susceptible to price fluctuations based on the size of investments relative to market caps.