Breaking news: Skybridge Invested $25 million in Bitcoin

[Accardo]

After the success spending of $1.1b on Bitcoin this year 2020. Microstrategy now holds 70,470 Bitcoins. Scaramucci of skybridge credited “Michael Saylor" CEO Microstrategy for inspiring him to start his Bitcoin funds, which he invested $25million on Bitcoin recently.

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?

Let us share our thoughts, Thank you.

Source: https://www.coindesk.com/scaramuccis-skybridge-invested-25m-in-new-bitcoin-fund?amp=1&__twitter_impression=true

[goldade]

We've always known that bitcoin will eventually be adopted by across the globe. What we didn't know is how long it will take. Majority of companies, if not all, will eventually follow suite and adopt bitcoin.
However, it is noteworthy to know that reputable companies such as Microstrategy and Skybridge adopting bitcoin now will help speed up the process of mass adoption as several other companies will be inspired to follow their example just as Skybridge was inspired by Microstrategy. Believe me, at this rate of adoption, I won't be surprised if bitcoin becomes the world's currency as early as 2023

[jossiel]

$25m may not be that much to move the market but it's the inner reasoning and effect is more important than it. Skybridge might start a bitcoin fund soon. The about to be launched fund will be exclusive to their investors that can buy as much as $50,000.

Most details are on this article below;

Scaramucci’s SkyBridge Launching a Bitcoin Fund

[oktana]

This year, Bitcoin actually had many new, huge investors.
We've had big companies/platform invest into bitcoin and considering the daily increasing publicity,
I can say that the few years ahead can be trusted.

[sheenshane]

This is another positive move that possible could be impacted the Bitcoin price and give more awareness for most people that could possibly small or big investors, just like what happened lately, Greyscale, Paypal, and the Porn industry adopt Bitcoin.  What next?

However, these executives have access to the main statistics, data, and pretty knows how finance works.  So probably we don't need to worry about them. They have things they considered before investing their stuff in Bitcoin.

They already speculated what would happen to their assets with sets of research.  Those actions will make sure to profit them in the future.

[DarkDays]

After the success spending of $1.1b on Bitcoin this year 2020. Microstrategy now holds 70,470 Bitcoins. Scaramucci of skybridge credited “Michael Saylor" CEO Microstrategy for inspiring him to start his Bitcoin funds, which he invested $25million on Bitcoin recently.

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?

Let us share our thoughts, Thank you.

Source: https://www.coindesk.com/scaramuccis-skybridge-invested-25m-in-new-bitcoin-fund?amp=1&__twitter_impression=true

I don't think this news contributed to today's market movements, but I do think it will have a positive effect.
On the other hand, seeing more and more companies liquidate their fiat and putting it into Bitcoin will surely raise questions among others alike.
 

I cannot help but think that this is something that will happen more and more. Mass adoption of Bitcoin and crypto is still in its infancy but we are taking small steps into that direction. This pandemic has helped many people see how fragile and unstable the fiat system is.

[error08]

Ahh, that's why the market reacts positively that the price rejected $22k and increase over $23k in a short time. Whenever an institutional investor invest in bitcoin and announced it to the public, it's kind of an endorsement for bitcoin, they can buy bitcoin in secret then sell it at a higher price in a few months but they want more people to consider bitcoin as a good investment rather than a speculative asset.

[btc78]

After the success spending of $1.1b on Bitcoin this year 2020. Microstrategy now holds 70,470 Bitcoins. Scaramucci of skybridge credited “Michael Saylor" CEO Microstrategy for inspiring him to start his Bitcoin funds, which he invested $25million on Bitcoin recently.

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?

Let us share our thoughts, Thank you.

Source: https://www.coindesk.com/scaramuccis-skybridge-invested-25m-in-new-bitcoin-fund?amp=1&__twitter_impression=true

So this is why Bitcoin seemingly at strong hold while others are struggling to return? Ripple on the other hand is facing a SEC case in which may affect the value nearer.
and Investors might focus in Bitcoin and Ethereum instead.
but i don't want to go with this news instead i bought another thousand recently when fell to 40 cents.

[hatshepsut93]

At this time, when companies invest hundreds of millions in Bitcoin, $25 millions is nothing remarkable. We might even see someone purchasing $1 billion in very short time, as Microstrategy already owns more than $1 billion worth of coins.

We've always known that bitcoin will eventually be adopted by across the globe. What we didn't know is how long it will take. Majority of companies, if not all, will eventually follow suite and adopt bitcoin.
However, it is noteworthy to know that reputable companies such as Microstrategy and Skybridge adopting bitcoin now will help speed up the process of mass adoption as several other companies will be inspired to follow their example just as Skybridge was inspired by Microstrategy. Believe me, at this rate of adoption, I won't be surprised if bitcoin becomes the world's currency as early as 2023

They are adopting Bitcoin as a reserve asset, or maybe just as speculative investment, as we are yet to see them hodl Bitcoin through a crash. Adoption as payment method is still not making any big progress, though there is some chance that adoption as investment might open the path to it.

[Wexnident]

I swear these breaking news would become daily news after a few years in quite a natural fashion. But on another hand, this is pretty good news naturally, for both Bitcoin and the community who are wishing for Bitcoin to be properly integrated into the world. This could also be pretty good news for the market since investments could possibly make the price go up, or at the very least make its price stable at the current level. At this point though, it's just a matter of when other companies are actually going to invest since I'm pretty sure everyone would follow suit sooner or later.

[electronicash]

after seing how bitcoin could drop below 40% after a bullrun, the institutions will really be careful when to buy btc because it might start the bear market which they dont want to happen after investing.

skybridge onboarding is good but lets see when the rapid jump starts because altcoins are still not pumping.

[Darker45]

It certainly adds to the rising market capitalization of Bitcoin but it does not trigger a bullish trend. We are currently on a bullish trend and Scaramucci of Skybridge is actually the one triggered by it, with the instigation of Michael Saylor of Microstrategy, of course.

You don't actually have to wait for the next halving for more companies to invest in Bitcoin. It is already happening right at this very moment. It is, in fact, one of the main reasons why the price is fast rising. This kind of news will become more common these days.

[pixie85]

This is becoming a trend among rich people and this is good. They are looking at each other when it comes to investments and don't really care about us little people.

When a random person becomes a millionaire thanks to bitcoin it's a big thing for other random people but not for millionaires, but when one of them invests and jumps up a couple points in Forbes 100 thanks to it it's a big deal.

You can expect more rich people to at least wet their feet now.

[kentrolla]

Well like I said before big companies jumping into BTC is a big boost and eventually the price will go up, those who wanted to live a lavish lifestyle join BTC club I mean buy as much as you can. I would say this could be your best decision of life.

Many positive news about BTC are pouring which means it's gradually growing and has a bright future now guys take call before losing an opportunity.

[aoluain]

After the success spending of $1.1b on Bitcoin this year 2020. Microstrategy now holds 70,470 Bitcoins. Scaramucci of skybridge credited “Michael Saylor" CEO Microstrategy for inspiring him to start his Bitcoin funds, which he invested $25million on Bitcoin recently.

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?

Let us share our thoughts, Thank you.

Source: https://www.coindesk.com/scaramuccis-skybridge-invested-25m-in-new-bitcoin-fund?amp=1&__twitter_impression=true

Yes is the answer to all the Q's!

Michael Saylor / Microstrategy's has invested that anount of $'s and is an exame and influence to other large investors looking for a secure guaranteed place to store their wealth.

All the publically listed companies have to seek approval from the SEC in the U.S and this takes months, so whom ever applied this month to buy BTC wont actually buy until the middle of next year.

Private companies can buy whenever they want and unlike public companies DONT have to make their purchase public!

We will see an influx of new investment before 2024

[Lorence.xD]

This is a good news, more institutional investors will be pouring in their money to buy bitcoin. They will be the bubble that will cause the crash in my opinion, as more whales goes in, the prices jump and when the time comes to sell, they will all leave the individual hodlers under the bus. There will be no halving to save them and winter will soon be coming.

[masterrex]

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?

Honestly, we dont know yet, But everyone can speculate about it. the next Bitcoin Halving is in 2024 and thats three years from now and we can say that many things shall happen during that time span, whether it's positive or negative.
But one thing is clear now that the mainstream investors are already riding in Bitcoin popularity thats why we can expect more institutional players will join the crypto bandwagon along the way.

[mich]

More and more companies are investing in bitcoin. With each such news, confidence in bitcoin only increases.

When its big companies that are worth Billions of dollars it is very satisfying to read this kind of news.  Even if its a company I do not know of.

If these people with tons of wealth are confidence in Bitcoin then that makes me even more confident.

[bandungan]

I have guessed that in 2020, the increase in bitcoin will definitely have large investors attending. and it is proven that now Skybridge invests a lot of money in bitcoin, so I think this is proof that bitcoin is increasingly trusted by large investors

[BrewMaster]

the thing is that a lot of other big investors have been buying bitcoin for a long time now. for example the same news existed back in 2018 and 2019 too but the only difference is that people didn't want to believe bitcoin is going to be worth a lot more than it was worth back then so they ignored all of it. consequently news sites didn't report on it because they always report stuff that can get more traffic not what matters!
but now that the new ATH is being set every week everyone is suddenly interested in what other big players are doing.