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Further Discussions => Banks & Cryptos => Topic started by: Dociko on March 19, 2021, 10:52:03 AM

Title: Bank of America claims it costs just $93 million to move Bitcoin’s price by 1%
Post by: Dociko on March 19, 2021, 10:52:03 AM

Bank of America strategists have estimated that it takes in-flows of just $93 million to move Bitcoin’s price by one percent.
The now infamous Bank of America research note slamming Bitcoin also contains research suggesting that it takes just $93 million worth of inflows to move Bitcoin’s price by one percent.

“Bitcoin is extremely sensitive to increased dollar demand,” said the note authored by Bank of America strategist Francisco Blanch, featuring contributions from Philip Middleton and Savita Subramanian.
Source:  Cointelegraph

 (https://cointelegraph.com/news/bank-of-america-claims-it-costs-just-93-million-to-move-bitcoin-s-price-by-1)