Do you think Institutions secretly HODL Bitcoin?

[bitcoinst]

The biggest purchases of bitcoins were made outside of cryptocurrency exchanges, a huge number of bitcoins are stored in cold wallets, apparently this is a long-term hold to which the largest players have preserved.

[Russlenat]

One way to find out is to check their financial statements, specially those companies in which their stocks are traded publicly.
Coz the regulators are very critical about their financial reports disclosure. Otherwise, ask the SEC to have a copy of their FS.
My thoughts, some are holding it but by a minimum amount of percentage to their assets, percentages that they can afford to loss.

[Babylon]

They definitely do. They know all of the opportunities both offline and online. So it is expected for them to be secretly investing in bitcoin and holding them for long term because they know the profit margin from investing in bitcoin is high. They just keep it secretly because they don't want to let the people know that they are supporting bitcoin.

[deisik]

One way to find out is to check their financial statements, specially those companies in which their stocks are traded publicly

I think we would have already known this by now

As it would be public knowledge within minutes after they disclosed such information. It would make a sensation and I think many preying eyes are perusing these statements on a daily basis. However, I don't think we are actually going to see something like that in the foreseeable future, at least not until these institutions are officially allowed to buy Bitcoin or Bitcoin derivatives (whatever those might be) and they are not so far. Opening position in crypto without being allowed to and then declaring it would be a suicide act

[Stavri]

i remember the news about some big companies that started to invest in bitcoin about 1 and a half years ago during that bull run. that time bitcoin was really very popular and so many people were interested in.

[Sithara007]

In many of the countries the tax laws regarding Bitcoin and other cryptocurrency is very vague. If any of these institutions go for crypto investments, then they will be required to put a lot of time and effort in studying the tax and audit formalities. This can discourage most of the companies. Exceptions may be found in countries with crypto-friendly governments, such as Japan and Germany.

[TheUltraElite]

The biggest purchases of bitcoins were made outside of cryptocurrency exchanges, a huge number of bitcoins are stored in cold wallets, apparently this is a long-term hold to which the largest players have preserved.

This is correct. The OTC volumes that never got traded on listed exchanges are the reason why the market capitalization of coinmarketcap is considered faulty and not something to rely on when doing trades. The real market capital is more than that listed there. We all know that whales dont want to show their information while buying loads of coins so they prefer to do OTC deals with trusted dealers and these are mostly dont in darknets where you cant trace every other information unless you are tracking them on their devices.

These wallets also become the source of panic when coins move from them so its better to take all this information with a large amount of salt.

[syamster]

i remember the news about some big companies that started to invest in bitcoin about 1 and a half years ago during that bull run. that time bitcoin was really very popular and so many people were interested in.

Every time is good for crypto currency I know it is famous and people love to invest money in crypto currency, it is beneficial for everyone, I have seen so many companies who are using it and holding so better if we invest and gain profit as they are getting, recently come popular and famous institutes have shown interest to purchase some bitcoins.

[alyssa85]

Big financial institutions have to report on their investments, and I don't think they would legally be able to keep it a secret if they were investing in bitcoin.  I don't think their investors would be very happy if they did in the event that bitcoin crashed and the institution lost a lot of money. 

Pension funds and regulated funds are not allowed to hold bitcoin or any cryotocurrency. They can only hold approved assets.

However hedge funds can do what they want, and I suspect as part of their hedging and diversification strategy they hold some bitcoin, especially as it is not correlated with other assets.

[freedomgo]

i remember the news about some big companies that started to invest in bitcoin about 1 and a half years ago during that bull run. that time bitcoin was really very popular and so many people were interested in.

Every time is good for crypto currency I know it is famous and people love to invest money in crypto currency, it is beneficial for everyone, I have seen so many companies who are using it and holding so better if we invest and gain profit as they are getting, recently come popular and famous institutes have shown interest to purchase some bitcoins.

Maybe there are also big companies that are accumulating bitcoin, but it could be out of the books, or maybe the owner only is doing it.
This is an opportunity and this business minded people are successful because they know how to spot opportunity.

[BeGoods]

In many of the countries the tax laws regarding Bitcoin and other cryptocurrency is very vague. If any of these institutions go for crypto investments, then they will be required to put a lot of time and effort in studying the tax and audit formalities. This can discourage most of the companies. Exceptions may be found in countries with crypto-friendly governments, such as Japan and Germany.

Because their purpose is to avoid auditing of tax obligations? I think that might happen right? each institution in each country has an obligation to report any income that goes to the financial audit agency so that they can request appropriate tax. and the institution can falsify it by saving their income in crypto?

[TheUltraElite]

Maybe there are also big companies that are accumulating bitcoin, but it could be out of the books, or maybe the owner only is doing it.

It does not need to be on the books and moreover they would never be on the books because the owners will end up making a front page story "such and such is buying bitcoin!" title and that would make the market too much manipulated. These leaks happen at times and I am sure you would correlate them with news articles.

This is an opportunity and this business minded people are successful because they know how to spot opportunity.

Thats how the rich remain rich and poor remain poor. They know how to make money and they will release bits of the bullish news when they need so as to control the market and make it dump again. Its all a part of their game but how far they can influence the market is still a big mystery. Although it can be safely accepted that the government is run by the big institutions and not by politicians which is why they will always be able to make money.

[joinfree]

That's very true, institutions are secretly buying into bitcoin and holding them for a very long time. The reason why most of their huge purchases go unnoticed is because they don't buy on exchanges but purchase their bitcoins from over the counter platforms such as Coinbase. 

[Akpuv]

It is very possible for some institutions to be hodling bitcoins. I have read in some posts where it was even alleged that North Korea and Russia may even be hodling some bitcoins in order to evade possible US sanctions or none access to the US dollars.

[Loopper]

It is very possible for some institutions to be hodling bitcoins. I have read in some posts where it was even alleged that North Korea and Russia may even be hodling some bitcoins in order to evade possible US sanctions or none access to the US dollars.

It's a state strategy which in my opinion cannot be discussed here because there are many state secrets that must be kept to avoid the war that will occur.

[Flyingduck2K]

JP Morgan hodls a few coins. ironically they also "manipulated" with statements. But i mean its an unregulated market - no rules, no referee. perfect for banks 

[TheUltraElite]

It is very possible for some institutions to be hodling bitcoins. I have read in some posts where it was even alleged that North Korea and Russia may even be hodling some bitcoins in order to evade possible US sanctions or none access to the US dollars.

You read that in posts? You mean posts by other members here? Don't believe everything you see on the internet because false news is rampant and people act like idiots spreading them as well. If that was from a known reliable source then you can believe it but to me it seems mere speculation.

JP Morgan hodls a few coins. ironically they also "manipulated" with statements. But i mean its an unregulated market - no rules, no referee. perfect for banks 

Truly said. The banks know the drill. Since they can't beat Bitcoin they will just become holders of Bitcoin as well but make more did about it so they and their friends can buy at lower price.
You cannot stop this process. It's all a part of the system.

[79b79aa8d5047da6d3XX]

Most of all this institutions are aware of the use of cryptocurrency and they have experts advisors on crypto related issue and they know it it is the token for the future they are secretly accumulating bitcon and soonest when bitcoin goes mainstream thry will reveal themselves. They notice the opportunity and they are maximising it

[UNOE]

I do not think that many institutions secretly HODL Bitcoin, but I think that peoples behind institutions probably have some Bitcoin to edge their other investments or edge against their fiat holdings. Most institutions do not have a right to invest in something secretly, because they are playing with national money. For example Bulgaria has the second largest stash of Bitcoin, but that is not a secret.

[swordling143]

I don't see any reason why not since investing in bitcoin has been proven profitable over the years. Investing in bitcoin has become quite common now and institutions are just following suit. I mean, every holder out there who believes in bitcoin would do the same. Surely, institutions simply don't want to miss out on bringing home the bacon once BTC reaches another ATH.