Bitcoin Forum

Bitcoin regained its composure this week to jump to a record high above $60,000, with many analysts pointing to a new wave of institutional interest as the driver.
Goldman Sachs restarting its crypto desk, JPMorgan launching a "crypto exposure" product, and crypto firm NYDIG raising money from Morgan Stanley and others are the latest signs of growing interest in bitcoin.
Skeptics argue that bitcoin is too volatile for investors to start buying in any meaningful quantities and has next to no use value, putting it in line for another collapse.
But a rising number of firms are testing the crypto-waters. Bitcoin enthusiasts argue that "this time is different" for the world's biggest cryptocurrency, because big-name firms are supporting the price and lending legitimacy to the project.

https://markets.businessinsider.com/currencies/news/bitcoin-btc-institutional-interest-cryptocurrencies-wall-street-tesla-microstrategy-jpmorgan-2021-3-1030194067

A nice recap of what happened lately in the bitcoin / institutional investors world. Among the plethora of nonsensical articles that can be found in the MSM this one is quite good.

Are you waiting for a big burst to buy lower or do you simply want bitcoin to fall lower than this? I do not understand your point view because whenever I post an article you often talk about a bubble than need to burst. Is the bbc preventing you to buy btc?  ;D ;D ;D

Are you telling me that there is no bubble? I am only saying that we should be ready for the bear market. We should be realists because there will always be those people who will buy on the all time high only to see their investment lose money.

@BayAreaCoins. Agreed. The mempool has never been always this high with unconfirmed transactions before.

The way I see it is they aren't really that interested in the crypto industry in the first place but they saw that some other companies took the opportunity way ahead of them that is why they shifted their heads on the competition. Companies like Grayscale, CoinShares, and BlockFi are all centered in the investment side of cryptocurrencies and I think it bothers them that they aren't part of it and this is also a threat for them as some of their high risk-tolerant clients might be shifting their money away from their company which may have probably begun that is why they are taking actions now. Huge loss for them not pioneering the crypto industry in terms of investment but it is good news for us that they are also here to take part of.

The people that don't need Bitcoin are buying it and the people who need Bitcoin can't afford it. ("Poor" can't afford to buy it or send it... No one wants to pay $20 to move $100)

Where are they when the price is around $10k? Although Elon Musk didn't bother with what's price he will buy, he just bought it straight even if the price is beyond the last ATH. Hopefully, these new wave of investors continue to support Bitcoin along the way when the price would eventually reach to $100k.

Welp, even if they don't buy/invest in Bitcoin when the price is a little cheaper compared today, it's their choice and we can't do anything about it when they join the bandwagon of the large institutional investors.

I do not thinke there is (maybe just yet). It is not about Willy on Bitfinex anymore, the market is too big to have that kind of sheer manipulation that could definitely lead to a bubble. As long as I see so many buyers, no, I do not see a bubble. Biased? maybe.