Bitcoin Forum

Economy => Trading Discussion => Topic started by: Poorwithbtc.eth on February 04, 2024, 10:07:17 AM



Title: Crypto Clash: Fidelity vs BlackRock's Epic Battle, with Mysterious MMs
Post by: Poorwithbtc.eth on February 04, 2024, 10:07:17 AM
In the upcoming showdown, drama unfolds between financial giants Fidelity, BlackRock, and the enigmatic MMs. Here's a sneak peek into the high-stakes game:

1/ Fidelity is silently amassing a Bitcoin stash matching BlackRock's, each holding a staggering $2.6 billion.
2/ BlackRock, a formidable player, commands a $2.7 billion position.
3/ The intrigue deepens as Grayscale, with a whopping $27 billion portfolio, becomes a key player in the unfolding drama, holding $20 billion in BTC and the rest in ETH.
4/ The race is on, and the numbers are expected to climb relentlessly, with a pause only when Grayscale runs out of stock.
5/ This high-stakes chess game has MMs strategically accumulating as much as possible, signaling a massive play in the crypto space.
6/ The price is unlikely to plummet, as a deeper dip would jeopardize the interests of other MMs and prompt them to intervene and prevent such a scenario.


=> A crucial reminder: Don't let Wall Street snatch the opportunity from your hands!

Get ready for a thrilling crypto spectacle where big players vie for dominance in the ever-evolving world of digital assets.


Title: Re: Crypto Clash: Fidelity vs BlackRock's Epic Battle, with Mysterious MMs
Post by: hugeblack on February 05, 2024, 08:33:23 AM
Let's assume that Fidelity, BlackRock, Grayscale were able to collect 2 million Bitcoins, which is a large number compared to the price of Bitcoin and the possibility of its value increasing. Let's say that the big whales still have 5 Bitcoins and they can mine 2 million more. They have 9 million Bitcoins left in their possession, and there are still about 12 million Bitcoins for that. There is no competition to own Bitcoin as much as it is an opportunity for investors who may try Bitcoin as part of their investment portfolios.

In the future, if Bitcoin succeeds in attracting more demand, companies may put 1% of net profits into Bitcoin.