Read on Twitter
At least 4% of #Bitcoin 
(probably more) is now locked up in long term holdings by institutional investors.
If you don’t get what’s about to happen then you’re just not paying attention.
Why does this matter? Read on… (1/6)
(probably more) is now locked up in long term holdings by institutional investors.If you don’t get what’s about to happen then you’re just not paying attention.
Why does this matter? Read on… (1/6)
Corporate treasuries globally are sitting on $trillions in cash. What we see now in #Bitcoin is a tiny tiny fraction of that. A barely measurable amount. (2/6)
is a tiny tiny fraction of that. A barely measurable amount. (2/6)
9 companies alone in the S&P 500 are sitting on close to $600 billion in cash and short term investments. 5% of that moving into #Bitcoin (or $30 billion) would likely 5x the price of Bitcoin given the lack of sellers. (3/6)
(or $30 billion) would likely 5x the price of Bitcoin given the lack of sellers. (3/6)
A Fidelity report today cited the alternative investment market to be worth over $13 trillion. None of that money is in #Bitcoin today. (4/6) https://www.fidelitydigitalassets.com/articles/bitcoin-as-alternative-investment
today. (4/6) https://www.fidelitydigitalassets.com/articles/bitcoin-as-alternative-investment
Stone Ridge just revealed a massive $115 Million Bitcoin Investment and is now holding custody of over $1Billion worth of crypto. (5/6) https://www.forbes.com/sites/michaeldelcastillo/2020/10/13/stone-ridge-reveals-115-million-bitcoin-investment-as-part-of-billion-dollar-spin-off/
BlackRock is now managing $7.8 trillion of assets. What are the chances that 1% of that makes its way into #bitcoin within 5 years? (That’s close to $80 billion!) (6/6)
within 5 years? (That’s close to $80 billion!) (6/6)
Post Script... The Apple Card (alone) will likely be big enough to be a Fortune 1000 company within 24 months. That business competes head on with Square. Chances that Apple starts to focus on #Bitcoin ?
?
