Big names are coming in what does this mean for crypto

[Jujuboy]

Just in a while back saw some news about Microsoft thinking to buying in BTC, well if they do buy in that will sure move the market even more, plus not to mention big bags like BlackRock already have accumulated a very high amount in BTC, what are your thoughts on this, it a good thing but I feel it's now becoming a race for which big company owns more BTC

[0t3p0t]

Just in a while back saw some news about Microsoft thinking to buying in BTC, well if they do buy in that will sure move the market even more, plus not to mention big bags like BlackRock already have accumulated a very high amount in BTC, what are your thoughts on this, it a good thing but I feel it's now becoming a race for which big company owns more BTC

I am not surprised that these big players are gonna jump into crypto right now especially Bitcoin because maybe these investors are bullish on what Trump administration has promised that America will be having good regulation and stuff with crypto and that actually triggers cypto surge this past few weeks and that would bring more whales in this sector in the coming months or even years.

[Fivestar4everMVP]

Just in a while back saw some news about Microsoft thinking to buying in BTC, well if they do buy in that will sure move the market even more, plus not to mention big bags like BlackRock already have accumulated a very high amount in BTC, what are your thoughts on this, it a good thing but I feel it's now becoming a race for which big company owns more BTC

Great you said "becoming", because the race haven't actually started yet, like I will always say, a supply shock 🤯 is coming to bitcoin, what this simply means is that big names will try as much as possible to own as many bitcoins as possible, this will lead to a shortage of bitcoins on the exchanges to service the ever growing buys, and what this means in essence is, a time is coming when many won't find bitcoin to buy, especially if all the current available supply ends in the hands of institutions and governments who are not ready to sell to any other out there, the price of bitcoin will be super expensive that many average crypto users will have no choice but to go for Altcoins.

[bayu7adi]

The shareholder vote will be held in December... but some sources predict that the result will be more likely to be a "Yes, we will buy bitcoin" decision, although in some news headlines there are still many denials from Microsoft about buying Bitcoin...

This is a bit interesting, because the bullish scenario this year could continue because of the results of the Microsoft shareholder vote, I'm sure many people are watching and starting to prepare for this moment...

[TomPluz]

The Bitcoin frenzy is in and this time around we could be seeing a big wave of institutional adoption either them buying their Bitcoin directly to own, hold and make profit from into the future or getting involved with a Bitcoin ETFs which are doing some good inflows for the last many weeks now...this December am seeing more and more getting into Bitcoin. And with the way the market is now, this is not surprising at all as many firms can smell the big chance for profits in here and many are convinced that Bitcoin can be playing a strategic move for deflationary purposes. Many years ago, these companies were so convinced that BTC was just another scam that will soon go away...now in 2024 they have become even the Bitcoin evangelists and promoters. What a big reversal of fortune for the thing which Satoshi Nakamoto founded!

[Azharul]

Just in a while back saw some news about Microsoft thinking to buying in BTC, well if they do buy in that will sure move the market even more, plus not to mention big bags like BlackRock already have accumulated a very high amount in BTC, what are your thoughts on this, it a good thing but I feel it's now becoming a race for which big company owns more BTC

We know that bitcoin is one of the best valuable crypto in cryptocurrency world. We also saw that's when US president donald trump win in american election, then we could saw in cryptocurrency market for increasing in bitcoin price. I also believe that after 2-3 years bitcoin price is increase in $150k. So we also increase in our bitcoin capacity for BlackRock to enjoy prefer moment in bitcoin. So i believe that within a short time bitcoin or cryptocurrency market will reach in best position.

[EluguHcman]

Just in a while back saw some news about Microsoft thinking to buying in BTC, well if they do buy in that will sure move the market even more, plus not to mention big bags like BlackRock already have accumulated a very high amount in BTC, what are your thoughts on this, it a good thing but I feel it's now becoming a race for which big company owns more BTC

There is absolutely no "but" about it 😁.
Large institutions coming into the industry is prompts huge impacts for the Bitcoin communities.
Not just profiting Investors but also miners are literally engaged more on the security mechanisms of the Blockchain.

Hope to see the coming in while we awaits a new market appreciative shape.

[bitterguy28]

Just in a while back saw some news about Microsoft thinking to buying in BTC, well if they do buy in that will sure move the market even more, plus not to mention big bags like BlackRock already have accumulated a very high amount in BTC, what are your thoughts on this, it a good thing but I feel it's now becoming a race for which big company owns more BTC

few points:

these big names have come in before especially microstrategy it has been one of the biggest and first companies to start buying bitcoin and holding it and bitcoin etfs through blackrock was expected before but its the only one you can say that’s recently come in

blackrock and microstrategy are different companies with different purposes blackrock actually offers bitcoin etf you can own while microstrategy don’t sell their bitcoins they just hold it but their shares are being purchased by people who do not want to directly buy bitcoin for whatever reason

these companies owning bitcoin is a double edged sword because now they hold most of the coins which is why some are worried they could manipulate the market but also now the demand has gone higher since big credible names are giving bitcoin credibility as well which will make us earn more

[O.collins]

Just in a while back saw some news about Microsoft thinking to buying in BTC, well if they do buy in that will sure move the market even more, plus not to mention big bags like BlackRock already have accumulated a very high amount in BTC, what are your thoughts on this, it a good thing but I feel it's now becoming a race for which big company owns more BTC

Everyone now sees Bitcoin as a good option, and hence, they all want a share of the pie. This is as expected because of the Bitcoin price.

[Crwth]

What race are you talking about? Just having crypto? I don't think it should be one, but it should be the standard instead of gold. It's fixed in amount, and since it has come into so much scrutiny with the regulations and stuff, it's bound to be a good one now and can be accumulated by companies as a hedge to the inflationary dollar.

Having more big-name companies means it's a good idea to accumulate a lot when you are even a tiny company. It's an asset.

[Bobcrypto]

Yes, many individuals, organizations and companies are now realizing that cryptocurrency is an asset, and most importantly, a hedge against inflation. This factors will always motivate anyone to purchase bitcoin for long or short term investments purposes.
I am confident that the current crypto frenzy is the beginning of good things to come, and as long as institutions are coming into the crypto community, many predictions of Bitcoin hitting $150k in 2025 is just loading. This is the opportunity to add some Btc into my portfolio.

[Cryptsafe]

OP, big names coming into crypto is not a new thing, there are big names before some big names in the industry and nobody is hearing much about them so the big names coming in now is not a big deal although their  allegiance with crypto speaks of volume and would also encourage more onboarding as well but its just one normal thing everyone would do when it is obvious now that crypto is the mainstream engagement.  All these sudden involvement spikes a demand in crypto more especially bitcoin which in turn makes the price to appreciate causing it becoming a store of value.

[Gurujebs]

Just in a while back saw some news about Microsoft thinking to buying in BTC, well if they do buy in that will sure move the market even more, plus not to mention big bags like BlackRock already have accumulated a very high amount in BTC, what are your thoughts on this, it a good thing but I feel it's now becoming a race for which big company owns more BTC

In my humble opinion, they are only after their own ways of getting Bitcoin that's becoming scares and scares everyday. I hope you know that Microstrategy has bought another 15,000 BTC today worth billions of dollars, these people are taking all the Bitcoin while the retailer will be left with sats, that's what we will fight for because no Bitcoin will be available.

Many of them like Robinhood, Microstrategy, Blackrock, PayPal and many more that are secretly buying Bitcoin are the institutions that will enjoy what ever this market brings tomorrow, $100k break out will be massive for them.

[yhiaali3]

Big companies will not stay out of the game, after the recent positive developments regarding Bitcoin and cryptocurrencies and Trump's victory and the rise of Bitcoin to about $100K, it has become very tempting for these companies to enter and get their share of the precious pie.

But the entry of big names into the world of crypto and buying large amounts of Bitcoin has both negative and positive sides, it will be a big positive for the market in terms of entering large new liquidity and it will also help in spreading Bitcoin more and more due to the reputation of these companies.

But the negative side will be through the control of large companies over the largest amounts of Bitcoin and this is not good for decentralization.

[rachael9385]

Well right now I have to say this is really a Trump effect. Sometimes I gat to wonder why all these things are happening so fast and hastily, why companies and individuals are craving for crypto and Bitcoin now when they have been in existence for long time ago. Then I gat to understand at the same time that humans are moved with what they see and fear risk taking, it's not that these individuals and companies craving for crypto and Bitcoin didn't know about it but they were also afraid to invest in them but now Trump has come to stand as an assurance to all doubters and they are now finding interest in it. It's a Trump effect I tell.