Bitcoin Forum

Hi everyone, according to some of the information I read today, there is an article titled: GRAYSCALE GOBBLING UP 21% OF NEWLY MINED BTC.
In this article, there are some very compelling evidence such as
You can read the full article at: https://bitcoinist.com/bitcoin-institutional-grayscale-buying-supply/
What I wonder here, is whether or not investors really care about bitcoin, or is this just one of the ways to push Bitcoin prices in the short term?

regardless of fomo or not, in fact.... i am check in local market, BTC conditions related stabil and or up though slowly.
i think local investor (in my country) trying to check conditions about BTC by invested at least hundreds dollars.

And my analitic, BTC will go up although not like 2017.

Wall street cares about bitcoin so do institutional investors. All these money entering coinmarket per day is coming from individual investors? I know you understand it just can't be individual investors, institutions must be secretly buying bitcoin, whichever way, let's guide ourselves never to loss hold of the fraction or whole that we have. I believe this market gain is going to continue upward.

Yes, of course, Wall Street cares with anything that can produce them the profits they want. With stocks now not doing fantastic, many fund managers are shifting or at least including cryptocurrency into their portfolio not just because they want to but also because their client base is asking for it. I am sure that soon this inflow of institutional money can be fully felt and can help push bitcoin to new grounds. This is hot money...they come in when things are going rosy and they can get out fast when things are not doing well. In other words, they can help push upwards but when things are getting tough they can dump fast.

If all are related to money and business wall street will be there and regarding stock exchange if they can profit they will be on the move for that and pertaining to wall street are The seven largest Wall Street firms in the 2000s were Bear Stearns, JPMorgan Chase, Citigroup Incorporated, Goldman Sachs, Morgan Stanley, Merrill Lynch, and Lehman Brothers, Until, In 2008, Lehman filed for bankruptcy, So a possibility that Bitcoin will be one of a thing if not common an asset that can never be gone with people that want to invest with.

I doubt this is good news. Them holding a ton of bitcoins isnt necessarily good. Imagine the amount of manipulation they can achieve with such a huge amount of bitcoins.

They should be just like any other person in this planet. Bitcoin keeps proving that there is something in bitcoin that is really high value. And I think it is not just wall street who is interested in bitcoin, but also corporations. That is why other companies already started accepting bitcoin as payments.

Yes, for sure, no doubt
But you have to consider the only thing that matters is money and how they can take advantage and make more money
They not care about technology, decentralization and the ideas behind BTC

i can not understand what this has anything to do with Wall Street and their FOMO!
Grayscale Investments, LLC is a company that has apparently existed for a very long time (from 2013) and it exists to buy bitcoin since it is a "digital currency investing and cryptocurrency asset management" company. according to their tweet they have $2.1 billion holding in shares as cryptocurrency assets. and they haven't accumulated this overnight. as i said it has been here since 2013!

Almost every institutions and investors are interested about bitcoin. However, a lot of them are not dealing with it because of the unstructured market and confusion laws around it. Regardless of what this article says, everyone can sense that the global demand is keep on increasing so as the price, while the supply remains the same! And with the upcoming halving, it is expected to receive more attention from the mass.

Grayscale is just thinking ahead of time with a great vision and also taking action at the same time!

We may not know it fully but these guys are already heavily invested in bitcoin and the blockchain technology as well. It started with the fqinancial institutions, and who knows maybe some of the big companies are secretly investing so as not to rock the momentum of the market and cause an early FOMO. Those who have invested early are the ones who will reap the benefits fully in time, and it's a smart move to have invested as early as now.

wall street is interested in profit, and if BTC or altcoins could bring profit then wall street will be interested, and will regulated crypto currencies in the future, i think that the process of regulation is started and will not go back

For sure every holders and investor would always check Bitcoin prices and they will always care for it since they're risking their money in it. Wall Street cares and so as investors because their profit depends on the prices and the future of the market.

Wall Street ain't the only once that buying up bitcoins, exchanges also see great demand from their users, a company like Square Cash who see massive growth, will if that growth continues, sell more bitcoins that miners can produce in just a year from now.

https://twitter.com/yassineARK/status/1123730622881705986
If BTC sales on Square Cash maintain current growth rates, then by the next Bitcoin halving (May 2020), roughly 2 BTC will be purchased on Square Cash for every new BTC that is mined.
https://pbs.twimg.com/media/D5hK9khWkAA6dBm.jpg

I agree. The volatility of this market and the controversies surrounding have basically scared away institutional investors who basically view it as a pump and dump coin at present, but this perception can change.

If an ETF proposal gets approved successfully, they might change their minds in this case. Fidelity has already provided them options to trade in this regard. More positive news and higher adoption rates can attract them in hordes.

To analyze the situation is always difficult to say the concrete idea behind, because wall Street consists of more whales. We cannot predict their general plan with bitcoin so far, and as good news came in fake news will have to try pulling down bitcoin again to dumping trend of its price. Actually not the wall street has been interested for it, and most importantly the traders who handled the huge funds over bitcoin cryptocurrency.

Don't know whether this news is true or false but let's imagine it is true. I hope price will rise soon, they won't sell bitcoin with hope of more rise and instead of selling, they'll buy again. After that price will fall and be steady low for months. I hope this scenario will happen if everything what's written by OP is true because then they'll learn that it's public, for people and not for commercial shits.

There is a reason why so many many companies have started to accept bitcoin as a payment method and that's because they see it's growing every year and I'm not necessarily referring to the price here but to the number of people and services that use it. Now it seems that even Wall Street has recognized bitcoin as a good investment for the future since they are buying huge amounts.

I think there are interested on bitcoin because is a way to get some extra money if they invest on, and earlier the bitcoin price was over 9000$ and now again is 8700$, and if they will buy it then the price will grow more.

I think that Wall Street only cares about safe profits, not ideas and projects from which they get the profits. Surely, Bitcoin is clearly doing better now than over the last year, so it must attract some attention of big players. Given the upcoming halving, it's probably right to call it FOMOing. Anyway, I honestly hope that those traders will stay away from Bitcoin. I know they can bring hype and thus profits due to the price going up and everything, but their lack of care about what Bitcoin actually it and can be used for is very risky and not what we need in the long-term perspective.

yes right, everyone who holds bitcoin cares about bitcoin, including investors or traders because here they are part of bitcoin.
Although their intentions are different, like the pope who wants to manipulate the market but we need to acknowledge that they also contribute actively to the development of bitcoin today. So I'm just sure bitcoin will continue to grow.

The wolves of wallstreet do not leave anything that makes profits out of attention.
I think that they have of course notices bitcoin as there is a high opportunity to make profits. And the companies and the employees of wallstreet count their success on the rates of profit that they do.

It could be possible if Wall Street interested in bitcoin because I am sure they already watch the bitcoin movement so far and I am sure that they are learning more about bitcoin.
And if right now they are want to invest in bitcoin, then that will be good news for cryptocurrency world because that means, we have a large new investor that will come to cryptocurrency, and I am sure that they will not invest in bitcoin only, but they will also invest in an altcoin.
That will gives a good way for the adoption so it will happen soon and cryptocurrency will grow bigger.

Wow, this information is very useful and updated! Thank you much for your time. I think this time is also quite good for investors to begin to learn and invest in this fertile crypto market. Halving will take place in a year, and (as I think) will become an important event to create a wave to attract more investors. Just look at the adjective data when Bitcoin appears, every cycle of Halving is a very strong growth of the price.

I even think that Wall Street is investing silently in bitcoin because the value of bitcoin is really being recognized by many people, Wall Street is the place where so many traders and investors are concentrated, there is no reason why they don't know bitcoin and don't care about it. But their interest is always in a secret state, they never make this public to others because the problems surrounding bitcoin are always very special and sensitive, if they officially confirm the investment and buy bitcoin, many problems can occur.

Again, do not know how people think about this issue. Although there is a lot of information and articles that suggest some WallStreet whale's investment in the Crypto market is real, I still feel that investors are very afraid to spend money to invest in the market. this. Given that increasing the value of Bitcoin is very fast and liquidity is high, but the loss of value is equally fast (typically 24 hours ago there was a sharp decline of Bitcoin - a decrease of $ 1k). Wallstreet investors are those who need stable and safe growth rather than HYIP investments

I think they are after all  wall street is always aware of it .
And when it comes to business wall street always have a room for one.
Wall street has been known for trading,stock market and other stuff so why wouldn't they be interested in crypto?

if this is true then this is great news for bitcoin and Hopefully this is not only fomo, whose purpose is only to increase the price of bitcoin

This can be both good news and bad news. Good news because here we have an investing group getting into bitcoin (or adding more bitcoin) and this is akin to institutional money entering bitcoin which can mean a vote of trust and confidence for bitcoin as an investment tool. They are buying bitcoin because they are seeing its great potential to make for them...profits later on. Now, when the going gets tough, they can easily dump whatever holding they have and that is when it can be a big bad news. Now, having said that, this is what an open market system is, anybody can buy anything and anybody can dispose anytime.  And we all enjoy that same freedom.

Institutional investors are definitely makes alot of analysis hence moving into crypto market, something is not really right considering their assets should be comprised of millions and millions still they wanted to invest in a far riskier commodities other than trading stocks or bonds, good momentum for bullish trends, but lets be neutral and believe the technology and keep speculative on success rate of cryptocurrency brought in future. Its just about a better for me in future hopefully

There is no way we can say institutional investors are not interested in bitcoin though some of them maybe saying that to manipulate our mind and ideas of what is ahead of us. "wall street" is were most of this institutional investors do invest into any assets of their choice and that including bitcoin that has been given good returned to investors and traders. Some of this institutions has seeing what is ahead of us as part bitcoin performance and has decided to start buying those huge amounts of it now in other to still have control on the cryptocurrencies market.

When and where they see a chance on profit it can join the wall street club. Pros and cons on both sides but with bigger whales joining inn the more fiat is flowing towards bitcoin.

Of course, they will be anywhere they see they can make decent profits. And more so in such an illiquid market, where anyone with a few hundred million $ can push the price in the desired direction. They are not so much investing or even trading, they are effectively manipulating the markets in their favour, something they can't do (except some of the megawhales) in the stock market or much less in forex.

I think it is all just about the money. They are not concern about the technology of bitcoin but only about the profit that they can make through it. They are accumulating right now in anticipation of the 2020 halving and its effects.

If I have to understand, everybody knows Wall Street is all about money a financial district known to the world of business and market. So it is not new or odds to anyone interested in profit and gains if they become interested in bitcoins where huge money is becoming the talk in the business news and on Twitter. If there is you think there would be manipulations in the future, do not get surprised because it is already happening even without them yet in the scene if they hold a big percentage of the bitcoin mined and in its possession.

We know whales in the Crypto market come from the silicon valley. But more information is shared and discussed by many investors. Wall Street is paying attention to the new and risky crypto market, which they consider will be a new trend in investment. They think Wall Street will join this market and they believe in Bitcoin.

I believe Wall Street investors are participating in the Crypto market. Maybe Wall Street is one of those who created the market's growth. Wall Street is the place where famous investors appear, investors here are always the ones who create new trends. I believe Wall Street is where everyone knows Crypto.

I believe that Wall Street was investing in bitcoin, but I don't think that they will announce to the public because that would mean they are supporting bitcoin which most country is not doing that. They will announce to the public at the right time, and that will make some people were amazed because they already buy in a large amount of bitcoin.

Wall Street with having a lot of money, they can buy bitcoin easily, and they can use huge money to buy bitcoin at any price, but they are doing right now (or before?), and we don't know about that. If we don't want to be later than them, we need to follows to buy bitcoin too like them so we can take some nice profit in the future.

Not sure whether the wall street is behind it, but everyone in the financial industry know the profits that investing in bitcoin can make and they all saw the rally in 2017 and in the past and now everyone is aware of the frequency in which the rally occurs and now the institutional investors will be ready to take advantage of the next rally and it will be one hell of a ride.

This is exactly what I was thinking when I first heard about this corporation starting to get into the cryptosphere.
Have you seen those commercials they are running during primetime shows? It makes it look like a marketing ploy just so to get the attention of the stock brokers and gold holder outthere into using cryptocurrency instead.
They will just make it harder for the normal people who are working blue collar 9 to 5 jobs to obtain bitcoin with the price becoming unattainable to buy. :-\

Money is always the bottomline in the wallstreet. So do we really believe that they pass this opportunity for themselves? For all we know, they might be silently accumulating bitcoin for the last few years already. And been an active crypto traders for themselves. But no issues at all with that from my opinion. This will help the sustainable growth of bitcoin in the coming years.

Of course they are interested in bitcoin, it's an opportunity to earn more money. There are many investment funds adopting bitcoin as investment and I'm sure they aren't thinking only on short run. Some of the biggest benefited by bitcoin success are the wall street businessmen.
Even if you don't like wall street wolves and think they are greedy, their adoption is a good signal for bitcoin, these guys know where they put their money.

Obviously while you are typing your post Bitcoin is already pumping so what is the Analytic ideas there?you have just predicted things tha has already started to happen.Bitcoin will always be for pumping the only problem is the timing that we must get for us to profit good

Yeah either the wallsteet is involved or not but what we want is growth things that we’re getting already for more than a month now

Yeah this whales we refer to all the time that has such influence on the overall market can't just be individual whales obviously they are institutional whales controlling the market, take what happened few days back as example, whether it's wall street or other institutions, fact remains there are big players manipulating the market, in the end it is all about making profit, it is what drive individuals or institutions.

So far it is difficult to say exactly what it was. A well-planned manipulation or large players will actually have an interest in cryptocurrencies. I think that it was before, just when there was a purchase and recruitment of positions by large players, no one advertised it so as not to move the price up and buy at the lowest price. Now such news is pushing prices up and maybe it's just the bull market time, where any positive news is pushing the market upwards.

The bitcoin supply is such that just a few big players could have a big impact. Grayscale and Xapo both hold significant amounts of bitcoin, and after the halving will take up a large percentage of the newly minted coins. Also, Bakkt and Fidelity will also accumulate, and probably there are other institutions accumulating behind the scenes.

I would say the institutions are finally getting in, and the pace of this involvement will continue growing.

With them around, the potential of becoming more bigger in terms of value will  definitely possible, whales against bigger whales will results to good outcome of this market, it's gladly to know that interests and participations will be near to reality.

Wall Street is a business venue that will cater anything about potentials, it's needs some time but it will happen.

Of course, what do you expect from Wall Street, they might have been in the market during the bearish trend in 2018, so definitely they are in this market to make money out of it. And for those Wall Street that says that they are not interested on bitcoin because of blah, blah, blah, they are not telling the truth. Whales, sharks, greedy people from Wall Street have been playing with us, they even change some of the rules in this market, believed me.  ;D

your post is very strange, the title makes this unnecessary question: " Is Wall Street really interested in Bitcoin? " because in the news already shows that Wall Street is already in the crypto world.

another point about this:


I think the correct word is "bought".

They had a big party on Wall Street on CMA futures first day  in 2017. Next month they all went short.

Who wouldn't be interested in Bitcoin now. Everyone knows that crypto is the future and Bitcoin is the postal boy there so expect more positive news in that direction

Right, Jamie Dimon is one classic example, WTF!- JP Morgan Chase Buys 9000+ Bitcoins after Jamie Dimon threatens to fire any employee that owns it. (https://steemit.com/bitcoin/@libertyranger/wtf-jp-morgan-chase-buys-9000-bitcoins-after-jamie-dimon-threatens-to-fire-any-employee-that-owns-it) CME and CBoE entering the picture is also a clear indication that they don't want to miss making huge money in this market. And then we have the Bakkt Bitcoin future contracts offering, those guys are smart, they know that they can easily manipulate the price of the market and that is where these guys are good at.

Statistically, over 11-12% of usual Americans own Bitcoin. This cryptocurrency is too popular in the USA. It is evident that many guys from Wall Street have BTC and probably, they even trade actively.

Most rational investors and traders outside CME did the same thing. People blamed the CME for dragging the price down but it was just the bubble that popped. It also happened before when there weren't even futures.

The interesting part however is the timing. Bitcoin has always been an extremely poor performer in the first couple of months of each year (look up the charts and you'll see what I mean), so they may have launched intentionally in December of 2017.

If you also add that people bought the rumor and would very likely sell the news, then you know that the odds of a correction to happen were extremely high. Poor people who bought the $20k peak. :-\

So you agree that CME futures had a part to play in all this or not? I don't quite understand from this answer. I didn't say it was the main reason although usually when futures land on any market, this is already a bubble ready to pop. So I guess your point is logically correct, if I fully understand it. I have been looking the charts for several hours, every day, for more than 3 years. Although I don't see how December as a month has something to do with price or charting. I've seen trends happening in certain months for a certain reason but I don't see a December case. If you go back to 2011-12 it invalidades this. You need way more than two-three years to make this claim. What you are talking happened only in 2013 and 2017. Perhaps it will happen in 2021 again and next bubble will pop Jan 2022. This wouldn't prove a case either.

Wall street are indeed interested in Bitcoin. Most Institutional are secretly buying Bitcoin as a store of value and gradually the adoption is getting closer than imagined. This current momentum will continue swing upward as all eyes are on Bitcoin and Bitcoin alone.

Of course yes, Wall Street is interested in anything that can make them profit, usually without hard feelings for those involved, all they care is numbers.

So moving on, this kind of news, I don't think are helping us in crypto world

They want to make money, what ever they did to get it fast and to make big profit
Crypto on market still have people can handle it want they want and nothing possible price increase by one people.

Bitcoin as a form of investment will attract many financial institutions to invest in it and there is nothing you can do about it, it is a free market and anyone can invest and there will be manipulation if someone is holding a huge amount of coins and if you look at the stock market there are rules and regulations in place when it comes to market manipulation and there are set rules to counter that and we might expect these kind of rules in the bitcoin market too in the future, will it stop the entire market manipulation, it is highly unlikely as there is still manipulation from institutions in the stock market even with all these regulations but it will restrict these things.

It is a 'chicken and egg' problem. Relatives and others that are more well off for me say they will 'likely' invest in Bitcoin and Crypto WHEN they can do so through

there financial advisors that they have do their planning (the 1% Gold hedge etc). Folks with actual Portfolios in the hundreds of thousands of $$$ or beyond.

Telling them that by that time they would have 'missed the boat' and it is easier to just get some knowledge and armed with a BTC wallet etc via Coinbase as an example seems to fall

on deaf ears.

That is until they complain, that they should have gotten into BTC 3-4 years ago. Then again 3 years ago, I heard the same complaint then. Rinse/Wash/Repeat.

So the chicken and the egg issue is such folk with deep pockets will ONLY at this point (in my experience) get into BTC and Crypto, when say the ETF comes out for Bitcoin and Crypto.

Then, they, maybe, will buy BTC/Crypto on their 'financial advisors' say so as 'safe' (or safer..unsure of the logic...what I hear)

But unless the masses and these people DO actually buy some before the ETF, well stuff lags on ever getting the ETF through..with the ETF certifiers of Gov't saying that

the crypto and BTC is not 'mature enough' :) I should clarify, I'm using the ETF as an example of what these folk are using as a signpost right or wrong to jump into Crypto and BTC.

Perhaps, none of this matters much, and it is all a matter of 'speed' of eventual adoption.

But man, it is discouraging, when all they really have to do is their own research, get on Coinbase, (overpriced though it may be) and simply get in before,

rather than complain about 'being too late' on the whole crypto universe so they state. Or the fear that without an ETF or other 'rubber stamp' by their Governments it is too risky.

But I've become convinced, right or wrong when the ETF on Bitcoin comes down the pike, the FOMO will be intense. I mean OVER THE TOP intense! So I'm conflicted on ETF's as well.

Maybe this is why the 'powers that be' with traditional investment linkage via the Gov'ts are dragging their feet on ETF adoption. The mass exodus to Crypto/BTC could be staggering.

Pretty muddied. But then again, it is silly hearing the 'same song' of "You were lucky and I'm too late to

get into crypto and BTC" or "I'll only get into Crytpo and BTC when/if this 'decentralized' currency has the stamp of Gov't approval with an ETF or something equivalent"

Silly, hairless primates, that are humans seem never to change their group-think and if you are the outsider showing change...toss 'poo' at them.

Same reactions. Plus or Minus say 50,000 years. At least we are predictable.

End of Rant... :)

later

Brad

Why not? If there is a bull run and their analysis proof them to invest in crypto and make supernormal profit in a short run, then probably they will. But is not professional for them to tell the whole world that they are backing bitcoins. Intrinsically most fund managers invest in bitcoins.

I do think this company greyscale has been doing it for years now just not under the same umbrella corporation but doing over the counter orders so to cover their tracks if anyone comes looking to see where all the bitcoin holding came from. :-[
And yes completely agree with you as it is probably helping keep the price above the level it is at now with all the accumulation they have been doing since they have officially announcing to the public via the recent media publications.

The interest is there as far as I know but the fact is that the rise of these many ICO/IEO has damaged the good name of bitcoin. These guys invest in shitty projects and when they are scammed, they say bitcoin is a scam or fake coin :D.

Wall Street is only about making more money and making more wealth. They are greedy financial analysts and they don't give attention to the digital money due to small market cap. After reaching the determined level it will attract higher level traders from Wall Street in my opinion.

I do not like this type of news at all, because this action is a clear sign that speculative bubbles can be repeated again and again in this fragile market, because the old ideal of using bitcoin as a substitute for money fiat has been left far behind, to become almost exclusively an instrument of speculative investment, with very little use in the real economy.

Of course, this massive accumulation of bitcoins paints an ideal scenario for a new hike where only the great whales will benefit, by manipulating the price of bitcoin at convenience thanks to the large number of bitcoins they hold.

If you properly check and observe is only bitcoin that is skyrocketing more than any coin. I think someone is really behind it. If what you stated here is correct fact. He is brain behind it and he has plans towards the price of bitcoin

True, the sheer adoption of bitoin makes Bitcoin prices significantly increased. And I am sure can equip the new ATH.