Grayscale is buying up a ton of the Bitcoin on the open market. The trust has had a large appetite for BTC over the past few months. According to the head of that organization, it is only going to keep growing.
In this video I discuss how the heavyweights of Wall Street are already getting exposure to Bitcoin. They are doing it through Grayscale. Being pulled in are the insurance companies and pension funds.
▶️ 3Speak
I agree on Bitcoin no longer being a retail token. It just keeps going up without any prolonged pullbacks. The people who are buying now do not seem intent on selling so it just keeps going up in price. I only took a small position in BTC and it is my best performing asset this year. Even the people holding the bags 3-4 years ago are probably out at this point.
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Yeah it seems that a lot of the Bitcoin being purchased is heading to cold storage.
That means it is going to be locked up for a really long time.
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Greyscale is rotchild owned...if that doesn't set off warning bells I dont know what would!
That's good news.
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For satan worshippers everywhere
And for your wallet as well.
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If i find I'm making money off the back of nwo scum I make it and get the hell out of there. The association ends once I find out!
There are a lot of new players and some of them big, and we are still on the bull run, but the day Bitcoin crash will come sooner or later, because is something always happens on all markets.
I’m curious about how everybody will react.
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I think the involvement of the big companies in the crypto space and their investment mostly in Bitcoin and Ethereum simply lays down a strong foundation and price resistance. These companies are not for pump and dump, but rather on long term. Thus I think that will be hard to go back to the past fallouts and I expect a brighter future for the crypto space.
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What's interesting about the involvement of institutions at a large scale in Bitcoin is how it will affect the market cycles of Bitcoin. During 2018, BTC went down from $20,000 to $3,200, which is about 86%. These institutions are presumably long-term thinkers. Do you think they will take profit at a massive scale come next bull market top?
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Potential Customer's trends are adopted by big Institutions. Let's hope that this trend will continue. Stay blessed.@taskmaster4450, In my opinion