Institutional Money Observer

[philipma1957]

If Wall Street dominates the spot market in terms of volume, the spot market may become a slave to it.

I think it's given they're going to wind up being extremely influential over price, if not commanding it. I was thinking more along the lines of actual control of the protocol itself. I wouldn't be surprised if we got a supercharged S2X at some point.

This brings up an interesting question. Let's say Fidelity ends up with a huge chunk of the Bitcoin supply, like 10-20% of it, and then they get hacked.

It wouldn't be like Binance musing about a rollback after getting hacked for 7K coins. I'm talking millions of coins, owned by very, very powerful people. Governments could also heavily influence the outcome of a fork by legally approving one (the rollback chain) and not the other.

What happens then? The original chain would no doubt survive, but would it be the dominant chain? I wonder.

Been thinking about the volume 'factor' a bit lately..and will be the first to concede that it has played a significant role on my interpretation of where the bitcoin market is heading. After some further contemplation, I believe as the price goes up we will see a continued decline in this metric due to the fact it will take less coin at higher prices to achieve the same objectives. Perhaps my hypothesis has a fundamental flaw as it might be offset with more players using smaller amounts..will just have to wait and see how it plays out.

You could be right, but this dynamic would apply across the whole market. It wouldn't make Wall Street any less influential on price, would it?

High frequency trading is also the norm on Wall Street. They could generate significant volume churn.

18 mill x 12 k = 216 billion

My guess is it they acquire

3.6 mill coins price will be huge.

Most coins sit still

maybe 6 mill circulate and 12 mill sit and do nothing

trying to buy 3.6 mill of 6 mill = nice price spike.

Plus they won't have much control with only 3.6 mill coins.

[cryptomaniac_xxx]

How about this one guys?

Major European Stock Exchange Lists First Bitcoin Product.

Wiener Börse, one of the largest Central Europe-based stock exchanges, today listed its first cryptocurrency product. While this appears like a strong adoption signal, these exchange-traded products (ETPs) might also be the latest event in a growing trend that ultimately devalues cryptocurrency, regional experts say.

Issued by Swiss-based fintech firm 21 Shares AG, this single-asset product, which will trade under the ticker symbol ABTC, seeks to track both the investment results of Bitcoin, the world’s largest cryptocurrency by market capitalization, and its second-place contender, Ethereum.

In other words, Wiener Börse clients will now be able to get exposure to cryptocurrency from a regulated trading platform, without having to directly buy the cryptocurrency on their own.

Could this be a good news, especially if you are EU based, they now have a chance to join on the crypto (bitcoin) bandwagon before it goes full blown in 2020.

[600watt]

https://www.forbes.com/sites/christopherbrookins/2020/08/14/microstrategy-just-sent-green-light-to-corporate-america-on-bitcoin/#6d8d8c526bc4

does this count as institutional investors? before this stunt I did not even know that companies could invest their capital stock in bitcoin. they put in 50% of what they have. I think this is maybe the single best news regarding bitcoin this year.

[gentlemand]

does this count as institutional investors? before this stunt I did not even know that companies could invest their capital stock in bitcoin. they put in 50% of what they have. I think this is maybe the single best news regarding bitcoin this year.

Maybe I should've defined the terms or renamed it. I'd say any legacy money becoming a fellow Bitcoin shill should count and that certainly does. They've been around a for a long time. And any legacy operation offering platforms for the little people should count too.

[jostorres]

Yeah, people who are basically good old fashion wall street type (doesn't really need to be in wall street, just that type) should definitely be considered institutional money. I believe this is why the last link was definitely acceptable. It is really shocking to see these people in crypto, are we doing something wrong?

I mean the whole point of crypto was to get finance out of these rich peoples monopoly and allow a level playing field for everyone, if they are getting in anyway, does that mean they accepted defeat (which they rarely ever do) or are we making bitcoin to be something more like money once again? If that is so and if they are liking bitcoin because we are doing something wrong, that is really scary, I would rather fix that before I want institutional money to be in here.

[600watt]

there is definitely some institutional action in the bitcoin space.

On Oct. 8, right on cue, mobile payments giant Square, which boasts a market cap of $86.6 billion, announced that it had invested $50 million in Bitcoin (BTC). Five days later, asset manager Stone Ridge Holdings, which manages over $10 billion in assets, disclosed that it had purchased more than 10,000 BTC, worth around $114 million, as part of its treasury reserve strategy.

They both followed MicroStrategy, a Nasdaq-listed asset manager, which made known last month that it had accumulated $425 million in Bitcoin, making BTC the principal holding in its treasury reserve strategy.

i don't think Microstrategy is an asset manager, it is a software company for business intelligence.

https://cointelegraph.com/news/the-next-big-treasure-corporations-buy-up-bitcoin-as-a-treasury-reserve




here is a website that collects the data of corporate treasures that include bitcoin:


https://bitcointreasuries.org


there are already 13 public traded companies, 1 private and 6 "etf-like" that have invested almost $7billion and hodl 620030 btc which is 2.95% of all btc

[gentlemand]

https://www.cryptoglobe.com/latest/2020/10/singapores-largest-bank-launches-its-own-crypto-exchange/

SE Asia's largest bank by assets was about to launch an exchange solely for institutions and market makers.

Then they pulled the plug as it wasn't ready. One to watch if they plug it back in at any point.

[thecodebear]

Yeah, people who are basically good old fashion wall street type (doesn't really need to be in wall street, just that type) should definitely be considered institutional money. I believe this is why the last link was definitely acceptable. It is really shocking to see these people in crypto, are we doing something wrong?

I mean the whole point of crypto was to get finance out of these rich peoples monopoly and allow a level playing field for everyone, if they are getting in anyway, does that mean they accepted defeat (which they rarely ever do) or are we making bitcoin to be something more like money once again? If that is so and if they are liking bitcoin because we are doing something wrong, that is really scary, I would rather fix that before I want institutional money to be in here.

Why is it shocking that wealthy people would want bitcoin? Bitcoin wasn't made to keep money out of rich people's hands. There is nothing in bitcoin that prevents people from owning it. Any person, company, institution, bank, government can own as much bitcoin as they want and can afford.

Bitcoin was about creating a supply capped, frictionless, native digital currency in contrast to the legacy inflation-based, gate-keeper controlled, non-natively digital money system that exists in the banking network.

More adoption is more adoption. Do you really care who owns bitcoin as long as you own some, as long as you can spend it, as long as its market dynamics are positive, as long as it remains functional, as long as there are good on-ramps and off-ramps between it and fiat currencies? I can tell you, as long as those things remain true, I could care less who owns what amount of bitcoin, other than making sure I own plenty! If one day some hedge fund owns millions of bitcoin all by themselves, why do I care - they helped make me rich and bitcoin still works, I would thank them, not be worried about it.

Bitcoin is for everyone. Not only for non-rich people. It is a system that works for everyone. It wasn't meant to be kept out of the hands of the rich, it was meant to level the playing field as a transactional currency. If you have internet you can own bitcoin and use its transaction network. You don't need a bank, you don't need a credit card, you don't need your money to pass through gate keepers. It's got nothing to do with rich vs non-rich.