Blackrock has just began their purchasing of Bitcoin and slowly they'll continue to accumulate huge amounts of Bitcoin to make their ETF the most powerful and dominant one. I know that they won't be able to reach Grayscale ETF levels of accumulation but they do have money power which they can invest to accumulate more Bitcoin.
I know that they won't be able to reach Grayscale ETF levels of accumulation but they do have money power which they can invest to accumulate more Bitcoin.
I am confused about what the situation will be like after the crypto winter arrives.
I am confused about what the situation will be like after the crypto winter arrives. Will investing in Bitcoin be in a state of long-term growth as a long-term investment or is it hot money?
I believe that Bitcoin would gain some stability only if by some miracle central banks started investing in it, but as long as the average investor sees it as an opportunity for relatively easy and quick earnings, we should not hope that the volatility will disappear.I don't think that miracle is going to happen, however, why do you think the involvement of central banks would bring more stability into BTC? Don't you think they would also sell the coins they have if there is a dump in BTC price or if they have made good returns, just the same way institutional investors will do.
I believe that Bitcoin would gain some stability only if by some miracle central banks started investing in it, but as long as the average investor sees it as an opportunity for relatively easy and quick earnings, we should not hope that the volatility will disappear.I don't think that miracle is going to happen, however, why do you think the involvement of central banks would bring more stability into BTC? Don't you think they would also sell the coins they have if there is a dump in BTC price or if they have made good returns, just the same way institutional investors will do.
I believe that Bitcoin would gain some stability only if by some miracle central banks started investing in it, but as long as the average investor sees it as an opportunity for relatively easy and quick earnings, we should not hope that the volatility will disappear.
It is clear from the beginning that BlackRock is seeking to control the market. Their closest competitor is Grayscale, and they could overtake them if they continue with the same aggregation approach.
Why not a more down-to-earth approach for a new generation of long-term investors who don't care about quick profits and only about protecting their money/investment value over the long term?
To me is far more plausible than a CB somehow making BTC a reserve currency and even acting to protect its value, I doubt CB won't act the same as pump-and-dump speculators when it's the time to protect their own national currency.
I believe that Bitcoin would gain some stability only if by some miracle central banks started investing in it, but as long as the average investor sees it as an opportunity for relatively easy and quick earnings, we should not hope that the volatility will disappear.
Why not a more down-to-earth approach for a new generation of long-term investors who don't care about quick profits and only about protecting their money/investment value over the long term?
To me is far more plausible than a CB somehow making BTC a reserve currency and even acting to protect its value, I doubt CB won't act the same as pump-and-dump speculators when it's the time to protect their own national currency.
And why not both?
I may be wrong, but these new generations that are coming do not seem to me to be people who are ready for such things, so although it may depend from country to country, social status and education - from my personal experience I can say that young people today (most) do not want to invest long-term in something like Bitcoin.
from my personal experience I can say that young people today (most) do not want to invest long-term in something like Bitcoin.This is pretty interesting. My experience is quite the opposite, with more people around my age expressing interest in Bitcoin for mid-term or long-term investment. At least that's what happens in my circle. I can't say for certain they don't aim for short-term benefits whenever the bull market happens, but they are more open and eager to buy Bitcoin compared to other investment products. Probably because it is easier to access and the risk/reward is better compared to traditional index funds.
Oh no, god no, I don't put my faith in the new generation as in the one maturing now, I'm thinking more of the 35-50 age gap that was not exposed previously to crypto and that was even prior used to DCA on other investments, there are plenty of these guys in my enlarged circle of friends that
were investing prior only with xbt or stuff like that, so I assume they could slowly move some funds toward cryptos too.