The difference this time around is the quality of the buyers. These are long term hodlers with billions at their disposal. They aren't looking for a quick buck, they are investing and holding for years to come, even if the price doubles in a month.
The difference this time around is the quality of the buyers. These are long term hodlers with billions at their disposal. They aren't looking for a quick buck, they are investing and holding for years to come, even if the price doubles in a month.
Indeed, I'm starting to think they are forever-buyers, using their stack as leverage only; only liquidating when a bet goes wrong.
Yep, change in the landscape.