... will BTC take it on ...
Just the fact that the recent rise and fall of BTC has been in correlation to the rise and fall of the Dow Jones is thought provoking. This would tend to indicate that a lot of mutual funds have incorporated Bitcoin in their basket. Now as BTC breaths, not only all the ALTs breath with it, but evidently the stock market breaths at the same rate. Who would'a guessed?
There’s only so many places these people will dump their free money they would sooner prop up a new asset class then let it go directly into the real economy
I think mutual funds and family offices are taking note but they investing in crypto ETFs or private equity in these crypto companies like your coinbase and kraken along with a portion in the actual BTC!
If we eventually move to DEX more that private equity would need to go somewhere and it would probably go into crypto like utility tokens of DEXs and such so the people would benefit more from their capital injections!
I don’t mind them dipping their pinkies in, still gives me time to accumulate
The following story has since been downgraded a bit by some reports, yet even the best case scenario has them buying up 35% of the BTCs minted since the halfing.
https://www.newsbtc.com/2020/05/28/institutional-fomo-bitcoin-supply-btc/
35% is a huge chunk, no wonder the price hasn't fallen off since the halving which normally happens. The majority of liquid BTC that moves anyway lives in exchange wallets too, I won't be surprised if those buying don't manage their own crypto and its sitting with someone ready to exit scam, plenty of rich folk getting into BTC could be scammed, Not your keys not your crypto!