Are institutions hedging?

[Wind_FURY]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

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[jackg]

I'd say it's more there just buying it because they believe it's value will go up.

The economies of most countries are fairly atticicially controlled by some nominated entities (central banks) so I'm not sure too much economic fallout can arise - especially stuff that could damage the stock market or pension schemes.

[cabron]

I'd like to see the ideas of the rest of us. For me, the crash isn't over yet until the pandemic is over. But even when pandemic is over there are just so many faults that were discovered in the system and I don't think they are going to trust it will not happen again. Economies will never be the same again so probably they are hedging as well and crypto is their best option.

[davis196]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

Bitcoin is way too volatile to be used for Hedging.If people like Musk try to use BTC for hedging,the Federal reserve or the US government might start to FUD or impose a crypto trading ban,that will crash the Bitcoin price by more than 50% almost immediately.
Nobody can tell you whether or not Musk is expecting a major economic crisis after the pandemic.
I expect the global economy to recover pretty fast,after the pandemic ends.The unemployment rates will go down for sure,but inflation might increase.

[TheUltraElite]

Celebs doing their thing.

They dont care about the problems faced by the economy after a pandemic, but their own profits and using the market's situation to bullrun their own assets. There is a lot of FOMO, I agree. This is the time to sell bitcoin and Dogecoin if you own any and hold USD - the intelligent move. Wrongly though some newbies will rush in the FOMO and I am expecting a drop in price after this trend ends at which point the actual buying should be done.

Now institutions may be hedging funds or not, cannot be said right away. They are trying to move a stagnant market of bitcoin to a moving one is my assumption. They may be trying to use this opportunity to make a profit off what they had bought. It might vary from person to person.

Again the rich people will always become rich, so no crisis for them but more chances of profits. The middle and poor classes will suffer.

[iamsheikhadil]

In my opinion, I think Elon Musk is seeing Bitcoin as a tool for nothing except good profits and not as in he believes in its vision. I like Elon Musk, and he's a visionary person, but when it comes to Bitcoin, the way he is heading, like tweeting about Bitcoin, making memes of Dogecoin, etc, I think he's not really into the visionary aspect of crypto. He's more like in the investment section that might yield him profit or some influence over traditional banking systems.

[zanezane]

I think that institutions are definitely hedging, if you have a business and you see an opportunity to have a safety net for your business, would you ignore it? If yes then that will be what most institutions will do, human has somewhere in their gene encoded that everything we own or cherish should be preserved. The only problem with this is that most people in the business sector doesn't know when to stop on how big their hedge is, which means that there will be less for those who can't afford a lot.

[LogitechMouse]

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

This scenario popped out on my mind already when institutions are slowly coming into the market.
Knowing also that the value of dollar is withering faster right now because of QE, this companies need to hedge their funds and investing into crypto is their way to do it.

They might be hedging, they might just invest into crypto just to have profits. We don't know the exact meaning into it but I believe that they are just hedging and there is a big chance that after this crisis will be the start of this institutions selling it. It might happen but we'll see.

[NeuroticFish]

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

They want profit. Profit as actual fiat they'll get when they'll Bitcoin more expensive, profit as advertising/image/public perception as an innovative company.
If a crisis will strike they'll most probably be among the first to sell Bitcoin to protect their assets and maybe buy assets from companies that got into trouble.
For them everything is just another tool for prosperity and power. Don't think that they care of you, or me, or Bitcoin.

[Wind_FURY]

I'd say it's more there just buying it because they believe it's value will go up.

The economies of most countries are fairly atticicially controlled by some nominated entities (central banks) so I'm not sure too much economic fallout can arise - especially stuff that could damage the stock market or pension schemes.

You don’t believe that inflation will be a major cause of a huge economic crisis, which is caused by all the BRRRR printing by the Fed? I believe they’re hedging in case the Fed loses control of the monetary system.

How long after the money printing events, before inflation is felt and takes effect?

https://www.frbsf.org/education/teacher-resources/us-monetary-policy-introduction/real-interest-rates-economy/

HOW LONG DOES IT TAKE A POLICY ACTION TO AFFECT THE ECONOMY AND INFLATION?

It can take a fairly long time for a monetary policy action to affect the economy and inflation. And the lags can vary a lot, too. For example, the major effects on output can take anywhere from three months to two years. And the effects on inflation tend to involve even longer lags, perhaps one to three years, or more.

[Karartma1]

Humans have always looked for ways to store their wealth over the years and we all know that.
For that reasons my simple anwser is yes, institutions, smart investors, people like us and companies are hedging against the current financial system. It is a necessary move to preserve some wealth before the real economic crisis caused by the pandemic will hit. The fracture between those who were able to sustain themselves despite covid and those who saw the ground grind under their shoes is too big.
Don't just think about hedging, but secure your holdings for the future: that's what institutions are doing, do the same.

[ashmodeus]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”.

nah , it won't be happened , TESLA do a great action by buying huge amount of btc.
For me ,the reason behind why tesla jump it market directly its seems like signal , probably yes , a huge crisis will come soon. did u remember when ELON tweeted this one , but well, it depend about your perpective, but for me, i have no reason for doubt it, at least for next few month.

[ChiBitCTy]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

I think that there is a little bit of everything going on with companies starting buy/own bitcoin.  I think many of us bitcoiners are hedging against the fiat dollar of our own country, so why shouldn't banks.  I also think that these institutions are simply making investments in something that they believe in. IMO it's for these reasons and others.

[Hydrogen]

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

https://www.youtube.com/watch?v=YAtLTLiqNwg

44:02 - Elon Musk says short sellers tried to destroy TSLA stock twice. He makes a few interesting points on short selling earlier in the clip.

His view of short selling might be described as a design or structural flaw of markets. Which could imply a desire to insulate or distance a portion of his holdings from said markets.

I would guess its an experiment coupled with Elon Musk's love for memes and trendy cool things like BTC.

Elon Musk's net worth is calculated at around $200 billion. TSLA purchasing $1.5 billion in BTC amounts to less than 1% of Musk's net worth. A mountain of an investment for normies like us. But for Elon Musk it won't affect his finances.

[Wind_FURY]

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

https://www.youtube.com/watch?v=YAtLTLiqNwg

44:02 - Elon Musk says short sellers tried to destroy TSLA stock twice. He makes a few interesting points on short selling earlier in the clip.

His view of short selling might be described as a design or structural flaw of markets. Which could imply a desire to insulate or distance a portion of his holdings from said markets.

I would guess its an experiment coupled with Elon Musk's love for memes and trendy cool things like BTC.

That’s a simplistic viewpoint, if that’s what you truly believe, and a very irresponsible “$1,500,000,000 experiment” for Elon Musk, and Tesla.

Elon Musk's net worth is calculated at around $200 billion. TSLA purchasing $1.5 billion in BTC amounts to less than 1% of Musk's net worth. A mountain of an investment for normies like us. But for Elon Musk it won't affect his finances.

Tesla is a public company, it’s not the personal property of Elon Musk.

Back to the topic, how high is the probability that the U.S. will go through hyperinflation after BRRRR printing by the Fed?

https://seekingalpha.com/article/4371490-united-states-is-going-hyperinflation

The article concludes,

Investors should prepare themselves right now against this inflationary wave. A good example to follow is Warren Buffett, who bought an initial stake in Barrick Gold (NYSE:GOLD) in the last quarter. I suggest we follow the great oracle and stock up on gold and gold miners.

He’s a normie, what he knows as a hedge is Gold. As Bitcoiners, and as Elon is exposed to cryptocurrencies, our/his hedge is?

[traderethereum]

I do not care about the manipulating the market or another topic about "destroy bitcoin" because people will see how bitcoin can help them.
People will only think about how they can make money from bitcoin, and they do not think much about all of that.
Maybe they think that they want to hedge their financial system by using bitcoin to their company.
We do not know if they expect a major economic crisis after the covid crisis because they do not tell about that.

[Wexnident]

Not that I'd understand much with regards to manipulation, but wouldn't it run contrary to what they want if they actually ended up destroying the market? It's like viewing the short term benefits while ignoring the possible long term ones. I'm pretty sure that at least one or two of the people around them have at least some knowledge of the possible repercussions of manipulation of the market, especially if done on a big scale.

That, or just people are putting them on a pedestal, thereby indirectly affecting the market. The celebrity doesn't really know what's happening and is just sharing his opinion, but people are putting it as a high priority to follow, hence the current situation.

[hatshepsut93]

Well, Michael Saylor and others have been literally saying that Bitcoin is an insurance against inflation, and in 2020 the US dollar has lost a lot of value because of covid-19 and government's response to it. I don't think that they believe that the entire financial system is going to fall, because that would mean that they will go out of business and even Bitcoin won't be able to save them. They might not even believe that fiat is doomed in the long term like many Bitcoiners think - maybe they are just hedging for the near future as we are still in difficult times because of the pandemic.

[Hydrogen]

That’s a simplistic viewpoint, if that’s what you truly believe, and a very irresponsible “$1,500,000,000 experiment” for Elon Musk, and Tesla.

Tesla is a public company, it’s not the personal property of Elon Musk.

Back to the topic, how high is the probability that the U.S. will go through hyperinflation after BRRRR printing by the Fed?

If the goal is protection against inflation and fiat devaluation. Its normal to invest a higher proportion than 1% of net worth into gold, silver, bitcoin. Investing 1% of net worth into inflation protected assets is like buying bullet proof body armor that covers 1% of your body. Yes it will provide protection. But is it the type of comprehensive protection someone would want in an emergency.

Musk putting less than 1% of his net worth into BTC implies an impulse buy or small diversification strategy IMO. It is possible Musk is coordinating with Michael Saylor and others. Deals are being made behind the scenes. In exchange for Musk pumping BTC higher. But such would not amount to more than pure speculation on my part.

Many investment and money gurus recommend listing home ownership and assets under a corporation they control. Many of Musk's assets could be listed under TSLA or another private sector entity.. A very high percentage of Musk's net worth is tied up in TSLA stock he owns. Which translates to Musk having the majority vote on topics that come up. Technically its a public company but Musk holds the controlling vote.

As noted in previous posts, the fed says it is attempting to contain inflation by isolating it inside the banking sector. Stimulus spending however floods into public markets. It cannot be contained and is where most danger associated with currency devaluation and inflation stem from.

[Febo]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

Tesla or Elon Musk are not institutions. Right now many people expect corporations and companies will start buying Bitcoin just like Tesla. Not the institutions.   

For Tesla. If Musk would want to hedge Tesla against fiat collapse, he would also buy Gold. He did not, he only bought Bitcoin, so it is pure speculation.

[Broly46]

Institution are just in for the profit, they don’t have much choice since they have too much cash on their books, and with interest rate hitting record low, they’re running out of options, they need to move their money else where, it just happen they come over to the crypto due to it’s easier to access, the central bank decision to severe the interest rate is what force everybody to INVEST their money but not to save it for raining day, although there is just a fraction of institutions get into bitcoin, and they invested less than 10% of their total wealth, a large fraction of institutions are on the sideline watching and take no position.

[Silberman]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

I really think that is exactly what's happening, it is widely known and it is a very common strategy for those that are incredibly rich to put a small portion of their money in assets like gold hoping that it doesn't work because if gold begins to skyrocket then you know the economy is in a lot of trouble, it is a way to maintain your wealth in case everything goes down the drain and it seems to me that powerful people are seeing that politicians are slowly losing control of the economy, they are trying to desperately gain that control back but most likely they are going to fail, and they need an insurance policy and it seems that some are choosing bitcoin as that insurance policy.

[just_Alice]

I don't think that it's instituitions' intention to manipulate the market: there's too many of them and more and more companies are investing in Bitcoin so in order to manipulate they'd have to collaborate, work together on this (and what's the profit in it, if they're all rivals), considering that now the Bitcoin daily volume is around $9 billion. I don't think it's a FOMO either, $1.5 billion investment is too much money to be triggered by something like that. IMO it was a well-considered decision for Tesla and the same can be said for other companies.

[ice098]

Celebs doing their thing.

They dont care about the problems faced by the economy after a pandemic, but their own profits and using the market's situation to bullrun their own assets. There is a lot of FOMO, I agree. This is the time to sell bitcoin and Dogecoin if you own any and hold USD - the intelligent move. Wrongly though some newbies will rush in the FOMO and I am expecting a drop in price after this trend ends at which point the actual buying should be done.

Now institutions may be hedging funds or not, cannot be said right away. They are trying to move a stagnant market of bitcoin to a moving one is my assumption. They may be trying to use this opportunity to make a profit off what they had bought. It might vary from person to person.

Again the rich people will always become rich, so no crisis for them but more chances of profits. The middle and poor classes will suffer.

Institutions investing in bitcoin are normal we will in this kind of situation because investing in bitcoin is such an opportunity and a good chance for a long term investment, so since institutions already research about this and have some financial knowledge they will do what they can to accumulate more bitcoin so in case bitcoin might surpass dollar or physical money in the future they already have a hedging instrument which is bitcoin.

[Karartma1]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

I really think that is exactly what's happening, it is widely known and it is a very common strategy for those that are incredibly rich to put a small portion of their money in assets like gold hoping that it doesn't work because if gold begins to skyrocket then you know the economy is in a lot of trouble, it is a way to maintain your wealth in case everything goes down the drain and it seems to me that powerful people are seeing that politicians are slowly losing control of the economy, they are trying to desperately gain that control back but most likely they are going to fail, and they need an insurance policy and it seems that some are choosing bitcoin as that insurance policy.

We can't be naive here, because without institutional money flowing in we would have never seen these prices so fast. Institutionals are not here solely because bitcoin is scarce but they are here for what this digital scarcity means in the digital realm. There's nothing like bitcoin with the same properties and those who got it are now finally in the game. I expect this to be the major narrative.

[virasisog]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting a major economic crisis after the COVID-crisis?

No one knows what are the real motives of institutions on investing in crypto or using it as a hedge fund. It could be true or it could be they have seen the potential of cryptocurrency. Crypto will not reach its current state without these institutions initiative, I wonder how long can this market keep up, or will there be a moment when these institutions holding a huge amount of crypto dump the market. Imagine how many retail investors will lose a huge amount of money.

[bits4books]

Hiding from the crisis in cryptocurrencies is a pretty stupid idea. And not even because during the crisis in recent years, there is a tendency to print money to get out of this crisis, which leads to inflation - but because during the crisis, cryptocurrencies fall in price and/or stop their growth, just like the regular stock market. You think that cryptocurrency is a safe bunker during a crisis, but in fact it is just as much a bungalow made of straw as fiat currencies. What difference does it make how much money you have if the real purchase power doesn't depend on it?

[Reid]

The same reaction I received from one of my friends who knows little about economics.
When I told him about the news that Elon Musk or company bought that huge amount in Bitcoin.
He reacted without thinking deeply that it would lead to manipulation.

It's difficult to tell what their goal really is.
But it's also scary when huge companies are using their purchase power to gain it.
Economic crisis or a different reason, we should all be prepared for whatever the outcome will be.
Best to hoard more Bitcoin too.

[electronicash]

its actually a good idea to use BTC to hedge, when the value of currencies is speeding down, they have to protect their assets from the effect of the crisis. MicroStrategy is buying, the rest of them are probably just buying silently. they are gradually coming to crypto. at some point, more of them will come into crypto to make money. hedging is just one reason but definitely, these guys are also the ones that will drag the prices down.  

[ipanks]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting a major economic crisis after the COVID-crisis?

No one knows what are the real motives of institutions on investing in crypto or using it as a hedge fund. It could be true or it could be they have seen the potential of cryptocurrency. Crypto will not reach its current state without these institutions initiative, I wonder how long can this market keep up, or will there be a moment when these institutions holding a huge amount of crypto dump the market. Imagine how many retail investors will lose a huge amount of money.

The institutions will not tell their reason to the public and let the public guess of their reason. But we can assume that they want to invest in crypto as a hedge fund of their money, and they want to invest in a new investment type that is already booming from this year. It is good for the crypto market or bitcoin market because, at least, that can boost the popularity of bitcoin in their eyes. They can buy a large amount of bitcoin, but they can remain silent and not tell how many bitcoin they already invest.

[FanEagle]

Hiding from the crisis in cryptocurrencies is a pretty stupid idea. And not even because during the crisis in recent years, there is a tendency to print money to get out of this crisis, which leads to inflation - but because during the crisis, cryptocurrencies fall in price and/or stop their growth, just like the regular stock market. You think that cryptocurrency is a safe bunker during a crisis, but in fact it is just as much a bungalow made of straw as fiat currencies. What difference does it make how much money you have if the real purchase power doesn't depend on it?

The difference is that on a regular day crypto still keeps going whereas money keeps losing its value. For example, if you had 1 million dollars at the start of 2020 and you had 1 million dollars worth of bitcoin at the start of the year, that 1 million dollars in cash couldn't even buy you the same things, why? Because inflation made things more expensive, but that 1 million in bitcoin would have been 7 million dollars or so right now and could have bought anything you wanted and then some.

Long story short sure during the march fall just like how markets dipped, oils dipped, gold dipped, during that period bitcoin dipped as well I get that, but this is cash versus bitcoin and bitcoin wins every single time, if you want to go with stocks go ahead who can stop you, maybe you will find a stock that is more profitable, but bitcoin is a currency and it is a better currency than dollars or any other ones.

[Wind_FURY]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

Tesla or Elon Musk are not institutions. Right now many people expect corporations and companies will start buying Bitcoin just like Tesla. Not the institutions.  

Haha. Tesla is definitely AN institution. Companies are Business Institutions.

For Tesla. If Musk would want to hedge Tesla against fiat collapse, he would also buy Gold. He did not, he only bought Bitcoin, so it is pure speculation.

You don’t believe Bitcoin would do very well during negative economic events like, Hyperinflation?

Plus, a question for someone who studies economics or economics enthusiasts, would a situation when the velocity of money is “LOW”, but the money supply is very “HIGH”, cause hyperinflation?

https://fred.stlouisfed.org/series/M2V

[Swordsoffreedom]

The way Bitcoin is being adopted in many countries around the world has already caught the attention of many big investors. Grayscale's investment in Bitcoin and the sale of those shares at inflated prices has received a lot of response from at the institutional level. I think, Tesla, Inc. considering the future potential of Bitcoin and its rapid rise in value and they realize it is profitable to invest in Bitcoin, and it's just a nice way to advertise and promote themselves to the digital world.

[Mauser]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

There is no real way to destroy bitcoins. Two possibilities exist but are not very likely to happen. You would need to buy all bitcoins and just stop trading them, or bring the price down to 0. Both of these scenarios are not realistic in my opinion. Once word gets out the ibstitions are trying to take over the market then price would rally a lot, same goes for shorting the market.

[Silberman]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

I really think that is exactly what's happening, it is widely known and it is a very common strategy for those that are incredibly rich to put a small portion of their money in assets like gold hoping that it doesn't work because if gold begins to skyrocket then you know the economy is in a lot of trouble, it is a way to maintain your wealth in case everything goes down the drain and it seems to me that powerful people are seeing that politicians are slowly losing control of the economy, they are trying to desperately gain that control back but most likely they are going to fail, and they need an insurance policy and it seems that some are choosing bitcoin as that insurance policy.

We can't be naive here, because without institutional money flowing in we would have never seen these prices so fast. Institutionals are not here solely because bitcoin is scarce but they are here for what this digital scarcity means in the digital realm. There's nothing like bitcoin with the same properties and those who got it are now finally in the game. I expect this to be the major narrative.

There is no doubt in my mind that institutional investors are a great part of the growth that we had been seeing during the last months, institutional investors for the most part would have not come to this market if they did not thought that this market had great potential and that they could get bitcoin for a relatively cheap price and obtain profits in the short term, but I really think that they are not thinking as much in the short term and they are instead worried about the long term prospects of fiat currencies, and they are trying to protect themselves with an asset that will do well in the case fiat currencies have trouble and bitcoin is a good candidate for that.

[oHnK]

There is no doubt in my mind that institutional investors are a great part of the growth that we had been seeing during the last months, institutional investors for the most part would have not come to this market if they did not thought that this market had great potential.

Another reason could be that they are looking for a way to make a profit in a relatively short time by buying low and selling at the top. Isn't it quite boring nowadays to play in the world of stocks, gold, or forex? so the bad possibility is that they are just bored with other instruments so they choose Crypto. But this is just bad thinking, we still have to be positive that this is the glory of Bitcoin.

[suzanne5223]

Those that believe the institution will destroy or manipulate the Bitcoin market have their own reason and from my impression, they are saying to alert the community so they would prepare for whatever may happen because we still can't be sure what the true intention of the institution is about cryptocurrency investment but it clear that their move to crypto is for the preparation of the economic crisis that will hit the world after COVID-19 crisis.

[Coyster]

It's possible for institutional Investors to manipulate the market, FYI, the BTC network has always been subjected to one form of manipulation or the other, but the thing is, it can't destroy the market, even after a manipulation, there'll definitely be a plunge, but with more time, the network will appreciate on a different factor.

So the thing is, this institutional Investors are still a plus to the network atm, I don't know if they are basically here just to make profits, but it matters less, if they pull their assets out of the network, it will of course affect the price, but it'll only be for the meantime and that's the good thing with Bitcoin, no institution has the wits to crumble it, thus I don't see any reason to fret.

[jseverson]

So the thing is, this institutional Investors are still a plus to the network atm, I don't know if they are basically here just to make profits, but it matters less, if they pull their assets out of the network, it will of course affect the price, but it'll only be for the meantime and that's the good thing with Bitcoin, no institution has the wits to crumble it, thus I don't see any reason to fret.

I agree with what you said for the most part, but I'd say big players being able to toy with Bitcoin prices is still very much a reason to fret, because that damages its reputation. One of Bitcoin's biggest draws at the moment is that it's separate from traditional finance, but what happens if a bunch of corporations are able to control its price? I'm not saying it's easy to do, but they can essentially do it all they want and get away with it scot-free, making the market a less attractive place for newcomers.

I would like to believe that these institutions are simply using Bitcoin for hedging, but in Tesla's case, it may have already made more profits from its Bitcoin purchase than actually selling cars, and I feel like Elon knows he has a significant influence in the market at this point, being able to move it with his Twitter account. There's really nothing stopping him from trying to push BTC up as high as he can before dumping one way or another. The beauty of Bitcoin is that anyone can use it however they want, but situations like these leave a bit of a bad taste in my mouth. I'm guessing we won't need to wait long before we definitively know the answer to OP's question.

[el kaka22]

I agree with what you said for the most part, but I'd say big players being able to toy with Bitcoin prices is still very much a reason to fret, because that damages its reputation. One of Bitcoin's biggest draws at the moment is that it's separate from traditional finance, but what happens if a bunch of corporations are able to control its price? I'm not saying it's easy to do, but they can essentially do it all they want and get away with it scot-free, making the market a less attractive place for newcomers.

They are way too big in this right now, they put way too much money to "toy" with the prices, so when they leave they will hurt the prices so much that it wouldn't be just toying with the price, it would be ruining and destroying the price for months maybe years.

Hence, I do believe that these huge companies going in is something much better than what big companies did back in the day, sure if you get in with 100 million dollars you could sell 50 million of it, while buy short futures with the rest and after you sell your short futures would be worth 200+ million and you could still get 20-30 million of it back from the sold ones and your 100 million would be 220+ million dollars. Whereas if you want to do that with 1+ billion dollars, you would ruin the price way too much and fail. Hence I think they are here to stay and they will hold their bitcoins as long as they have to, not like they are people who need money so they will just hold it forever and would be fine with it.

[oHnK]

Hence I think they are here to stay and they will hold their bitcoins as long as they have to, not like they are people who need money so they will just hold it forever and would be fine with it.

I hope that's true and it's not just a price game. Because with large companies that support Bitcoin and settle not to sell short, this is a very real Bitcoin triumph. But if not, then this really destroys the market. Their ability with large amounts of funds is very influential for price stability in the market. Any sensitive issue, even if the truth is not accurate, can make the market panic.

[bits4books]

Hiding from the crisis in cryptocurrencies is a pretty stupid idea. And not even because during the crisis in recent years, there is a tendency to print money to get out of this crisis, which leads to inflation - but because during the crisis, cryptocurrencies fall in price and/or stop their growth, just like the regular stock market. You think that cryptocurrency is a safe bunker during a crisis, but in fact it is just as much a bungalow made of straw as fiat currencies. What difference does it make how much money you have if the real purchase power doesn't depend on it?

The difference is that on a regular day crypto still keeps going whereas money keeps losing its value. For example, if you had 1 million dollars at the start of 2020 and you had 1 million dollars worth of bitcoin at the start of the year, that 1 million dollars in cash couldn't even buy you the same things, why? Because inflation made things more expensive, but that 1 million in bitcoin would have been 7 million dollars or so right now and could have bought anything you wanted and then some.

Long story short sure during the march fall just like how markets dipped, oils dipped, gold dipped, during that period bitcoin dipped as well I get that, but this is cash versus bitcoin and bitcoin wins every single time, if you want to go with stocks go ahead who can stop you, maybe you will find a stock that is more profitable, but bitcoin is a currency and it is a better currency than dollars or any other ones.

The purpose of money and the purpose of BTC are two different things.
"The purpose of BTC" is a conditional eternal growth, which to one degree or another is one of the motives for inflation, because in relation to the dollar it is indecently expensive (hello 51k). It's growth for growth's sake.
And the purpose of money is an opportunity here and now buy anything without unnecessary stages to buy/sell something and at the same time instantly. I'm not talking about the fact that buying a conditional property today, you thereby bring money into a state of "eternal growth" - until you decide to sell this property (I don't know about your country, but in my prices for real estates only grow).

The main problem is that BTC does not create anything but even more dollars, thereby motivating inflation, when the dollar itself does not do this

[TheUltraElite]

Huge corporations that invest in crypto are seemed did it to show everyone that they believe in crypto and are ready to use it. Moreover their deeds made crypto more popular and intrigued a lot of newbies that started actively to buy crypto on “high” to jump onto the last carriage of the departing train.

It is called pure FOMO. This growth is inorganic like I said in previous post and not going to sustain for long. Dont get me wrong, I am bitcoin bull but this type of stupid bullishness is not my thing, I am rather disappointed by the amount of FOMO currently in the market and although happy that Bitcoin crossed 51k USD with this, it wont hold for long.

Companies like these use Bitcoin as a soft target for manipulation - even if they did say that they bought bitcoin, they will not tell you when they sell it - heck if they did how will they make the profit which is their intention from the first place. They see the untapped potential in such niche groups and therefore redpill them into going the way they want, sadly.

Yes these companies are hedging, moving to new asset classes that have shown resilience and growth in the last decade and therefore common crypto users need to be aware of the manipulation that is going to follow.

[bits4books]

This is normal marketing and nothing more. An attempt to attract a new audience to your products by getting closer to this audience through their hobbies and interests.
If tomorrow everyone suddenly starts cutting down all the trees on the planet-then the corporations will immediately connect and show that " hey, we are the same as you buy from us!" "it always is.
I don't think there's any hidden meaning here, it's just an extension of your own audience.

[Silberman]

There is no doubt in my mind that institutional investors are a great part of the growth that we had been seeing during the last months, institutional investors for the most part would have not come to this market if they did not thought that this market had great potential.

Another reason could be that they are looking for a way to make a profit in a relatively short time by buying low and selling at the top. Isn't it quite boring nowadays to play in the world of stocks, gold, or forex? so the bad possibility is that they are just bored with other instruments so they choose Crypto. But this is just bad thinking, we still have to be positive that this is the glory of Bitcoin.

We cannot discard any possibility, however at the same time such a move would be risky don’t you think? The few institutional investors that we have seen have invested important sums of money in the market, if they actually tried to sell their coins now to get their short term profits there is a very strong possibility they will crash the market and who knows if they will realize their goal of making some short term profits, it seems a better and safer plan could be to remain invested in this market as it keeps growing and only sell once the market is even more robust than what it is today, that seems like a better strategy and it seems it is the one they are actually using.

[tygeade]

It is called pure FOMO. This growth is inorganic like I said in previous post and not going to sustain for long. Dont get me wrong, I am bitcoin bull but this type of stupid bullishness is not my thing, I am rather disappointed by the amount of FOMO currently in the market and although happy that Bitcoin crossed 51k USD with this, it wont hold for long.

Companies like these use Bitcoin as a soft target for manipulation - even if they did say that they bought bitcoin, they will not tell you when they sell it - heck if they did how will they make the profit which is their intention from the first place. They see the untapped potential in such niche groups and therefore redpill them into going the way they want, sadly.

Yes these companies are hedging, moving to new asset classes that have shown resilience and growth in the last decade and therefore common crypto users need to be aware of the manipulation that is going to follow.

We can't really call it FOMO neither, and I am not saying it is a sustainable increase, it of course is not, but it is not FOMO neither, it is like a weird new situation that doesn't really have a name yet.

What is going on right now is the fact that it is not FOMO because people are not going in like crazy due to price going up, it is the huge companies going in because they want to diversify their portfolio and crypto is big enough to cover their investments now, back in the day putting 10 billion dollars into bitcoin would be suicide for them whereas doing it right now is not a problem anymore, so what is going on right now is bitcoin opening up to a whole new market of people and that is the reason why it is going up so far. Could it fall like crazy?

Well yeah, if those companies stop buying, and even start selling, that would make it go down like crazy, could it keep going up for a while longer? Sure that could as well if companies keep buying up. I do not know what is going to happen because we never saw anything like this before.

[FanEagle]

We cannot discard any possibility, however at the same time such a move would be risky don’t you think? The few institutional investors that we have seen have invested important sums of money in the market, if they actually tried to sell their coins now to get their short term profits there is a very strong possibility they will crash the market and who knows if they will realize their goal of making some short term profits, it seems a better and safer plan could be to remain invested in this market as it keeps growing and only sell once the market is even more robust than what it is today, that seems like a better strategy and it seems it is the one they are actually using.

I think it is not about actually selling for them, they do not have to sell their coins to show profit, these are the same companies that say "we are in 15 billion profit this quarter" while not selling any stocks neither, so I doubt they would need to sell their bitcoin position to say they are in profit.

Moreover, if I buy bitcoin at 1 dollar, and it is 50 thousand dollars, as long as I do not spend it or cash it out, it is just there as 1 bitcoin and I can't really do anything about it, it is not going to change anything for me, in order for my life to change I have to sell that and get fiat instead (or spend bitcoins). These huge places do not need that, they could show profit on accounting stats and that is good enough for them, they are not after anything else, as long as they can tell shareholders they are richer, it is more than enough for them.

[justdimin]

I think it is not about actually selling for them, they do not have to sell their coins to show profit, these are the same companies that say "we are in 15 billion profit this quarter" while not selling any stocks neither, so I doubt they would need to sell their bitcoin position to say they are in profit.

Moreover, if I buy bitcoin at 1 dollar, and it is 50 thousand dollars, as long as I do not spend it or cash it out, it is just there as 1 bitcoin and I can't really do anything about it, it is not going to change anything for me, in order for my life to change I have to sell that and get fiat instead (or spend bitcoins). These huge places do not need that, they could show profit on accounting stats and that is good enough for them, they are not after anything else, as long as they can tell shareholders they are richer, it is more than enough for them.

They would still have to sell to get into something else though? I mean yeah they do not have to sell to show profit, they do that with stocks all the time, they just own a lot of stocks and when it goes up they say they are in profit even without selling the said stock and when it goes down they say they are in a loss without selling as well, it is like impossible to actually make them sell in that situation.

However they do end up selling their stocks time to time as well, not like they just buy one stock and keep it forever (well they do that sometimes too) so there is a chance they could still sell for a reason, maybe they found a great situation and they want to get in on it and need money, easiest would be is to sell their coins and honestly that would be the first thing they end up selling as well. Long story short they do not "have to" but they may want to.

[Silberman]

We cannot discard any possibility, however at the same time such a move would be risky don’t you think? The few institutional investors that we have seen have invested important sums of money in the market, if they actually tried to sell their coins now to get their short term profits there is a very strong possibility they will crash the market and who knows if they will realize their goal of making some short term profits, it seems a better and safer plan could be to remain invested in this market as it keeps growing and only sell once the market is even more robust than what it is today, that seems like a better strategy and it seems it is the one they are actually using.

I think it is not about actually selling for them, they do not have to sell their coins to show profit, these are the same companies that say "we are in 15 billion profit this quarter" while not selling any stocks neither, so I doubt they would need to sell their bitcoin position to say they are in profit.

Moreover, if I buy bitcoin at 1 dollar, and it is 50 thousand dollars, as long as I do not spend it or cash it out, it is just there as 1 bitcoin and I can't really do anything about it, it is not going to change anything for me, in order for my life to change I have to sell that and get fiat instead (or spend bitcoins). These huge places do not need that, they could show profit on accounting stats and that is good enough for them, they are not after anything else, as long as they can tell shareholders they are richer, it is more than enough for them.

That is interesting and I think you are right, however we cannot discard the possibility that they sell, after all even if a company is being administrated in the right way now that does not mean this is going to continue in the future, if one or several of the different companies that have invested in the market begin to face difficult times they are going to sell some of their best assets and that is when they could begin to sell their bitcoin affecting the market in the process.

[Wind_FURY]

I am currently reading this book, “Dying of Money” written by Jens O. Parsson. It’s an old book, anyone might find a .PDF copy somewhere through a simple Google search.

It’s about how the Weimar Republic lost control of its monetary system, and the description of events, from before, that caused hyperinflation.

READ IT WITH ME.

https://www.amazon.com/Dying-Money-Jens-Parsson/dp/1457502666

The cover motif is a piece of old German money. It is a Reichsbanknote issued on August 22, 1923 for one hundred million marks. Nine years earlier, that many marks would have been about 5 percent of all the German marks in the world, worth 23 million American dollars. On the day it was issued, it was worth about twenty dollars. Three months later, it was worth only a few thousandths of an American cent. The process by which this occurs is known as inflation.

A few years before, in 1920 and 1921, Germany had enjoyed a remarkable prosperity envied by the rest of the world. Prices were steady, business was humming, everyone was working, the stock market was skyrocketing. The Germans were swimming in easy money. Within the year, they were drowning in it. Until it was all over, no one seemed to notice any connection between the earlier false boom and the later inflationary bust.

[dothebeats]

I would say that they are doing this just because they believe bitcoin is worth something more in the future, other than just having its dollar value appreciating over time. You might call it a hedge or whatever, but there's more to buying bitcoin than just profits for them, especially at that quantities that they have been buying from the past few months. Bitcoin is never poised to take on the financial system head on, though it does and can certainly help in retaining some value if the going gets rough for the world's economy.

Who knows what they will do once the FOMO dies out? Not much of them are doing something to change the landscape of cryptocurrency except buying and inflating the value. They might even sell it in a heartbeat once their profit goals are already realized. It's anyone's guess.

[Wind_FURY]

I would say that they are doing this just because they believe bitcoin is worth something more in the future, other than just having its dollar value appreciating over time. You might call it a hedge or whatever, but there's more to buying bitcoin than just profits for them, especially at that quantities that they have been buying from the past few months. Bitcoin is never poised to take on the financial system head on, though it does and can certainly help in retaining some value if the going gets rough for the world's economy.

Who knows what they will do once the FOMO dies out? Not much of them are doing something to change the landscape of cryptocurrency except buying and inflating the value. They might even sell it in a heartbeat once their profit goals are already realized. It's anyone's guess.

A simple question, would you save, and HODL cash, if there was a possibility that your government might lose control of the monetary system because of its own actions done during the COVID-19 pandemic?

Do you believe the United States economy will NEVER be affected by inflation after the trillions prrrinted by the Fed?

[bitgolden]

I am currently reading this book, “Dying of Money” written by Jens O. Parsson. It’s an old book, anyone might find a .PDF copy somewhere through a simple Google search.

It’s about how the Weimar Republic lost control of its monetary system, and the description of events, from before, that caused hyperinflation.

Honestly that was a huge situation and we are not in that big of a trouble even with the pandemic and all the other things we are still doing better than weimer germany because the current monetary situation was basically improved on that. This doesn't mean that it is impossible for us to have a hyperinflation because we do have that in some nations but realize that almost all the time (nearly all the time) if there is a hyperinflation in a nation there is usually a dictator at the top refusing to leave that spot.

I do not remember any nation with hyperinflation that has a decent democracy. I would say even in USA it was possible considering there were elections there and president denied losing, not that I am american so I do not care but those type of things are the real reason.

[Dave1]

Who knows what they will do once the FOMO dies out? Not much of them are doing something to change the landscape of cryptocurrency except buying and inflating the value. They might even sell it in a heartbeat once their profit goals are already realized. It's anyone's guess.

I wouldn't say that they are here to FOMO, obviously, they are into inside bitcoin to hedge their reserve assets. I saw reports that when we hit at the peak around $57k, Tesla's investment grow into billions but I doubt that they have sold. Microstrategy continues to buy so they are not going to sell in a heartbeat just because they have made billions. They are looking long term here, or at least year to year to gauge their investments.

[verita1]

Big investors are protecting their money from inflation with bitcoin. The price of bitcoin could reach 100K this year as has been said repeatedly.
And destroying bitcoin, I don't think that's the goal of the biggest bitcoin holders.

Rather, large institutions are treasuring bitcoin, there are many projects to be executed taking bitcoin as the center of attention. If anyone has not noticed, we are evolving to a new stage of bitcoin that of consolidation and acceptance around the world.

[magneto]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

To an extent.

I think that it is shallow to say that these large tech corporations are simply speculating. It would be super inconvenient for them to carry these assets on their balance sheets if their sole goal was merely to make a quick buck - just for instance, all the disclosure requirements to shareholders are going to hurt their potential profitability since it makes it easier for markets to anticipate their next moves.

So yes, definitely an element of hedging against a fiat collapse here, even if they don't want to admit it readily in public.

[TheUltraElite]

We can't really call it FOMO neither, and I am not saying it is a sustainable increase, it of course is not, but it is not FOMO neither, it is like a weird new situation that doesn't really have a name yet.

That is a FOMO condition mate. In the FOMO people remain confused as to what the next move on the market will be and how the people who created the FOMO is going to profit from it.

What is going on right now is the fact that it is not FOMO because people are not going in like crazy due to price going up, it is the huge companies going in because they want to diversify their portfolio and crypto is big enough to cover their investments now, back in the day putting 10 billion dollars into bitcoin would be suicide for them whereas doing it right now is not a problem anymore, so what is going on right now is bitcoin opening up to a whole new market of people and that is the reason why it is going up so far. Could it fall like crazy?

It can fall too and checking the current market metrics, price of bitcoin has falled back to <45k $/BTC and this drop is continuing further. Is Musk saying anything about it? No. Because he made the profit when he needed to and now no longer has any other motive. Ask me, I dont trust any celeb promoting anything because they are paid for it, here he is profiting from the people entering the market.

Maybe they do care about the "tech" and all that narrative, but humans in this world know about profit and how to make it.

Well yeah, if those companies stop buying, and even start selling, that would make it go down like crazy, could it keep going up for a while longer? Sure that could as well if companies keep buying up. I do not know what is going to happen because we never saw anything like this before.

We saw a bull rise in the 2017 ICO craze. Only the magnitude is different. What was fine was that Paypal allowing bitcoin transactions - that made some headlines and drove the price up but then this Tesla guy has to jump in the FOMO and make it crazy.

[Wind_FURY]

I am currently reading this book, “Dying of Money” written by Jens O. Parsson. It’s an old book, anyone might find a .PDF copy somewhere through a simple Google search.

It’s about how the Weimar Republic lost control of its monetary system, and the description of events, from before, that caused hyperinflation.

Honestly that was a huge situation and we are not in that big of a trouble even with the pandemic and all the other things we are still doing better than weimer germany because the current monetary situation was basically improved on that. This doesn't mean that it is impossible for us to have a hyperinflation because we do have that in some nations but realize that almost all the time (nearly all the time) if there is a hyperinflation in a nation there is usually a dictator at the top refusing to leave that spot.

I do not remember any nation with hyperinflation that has a decent democracy. I would say even in USA it was possible considering there were elections there and president denied losing, not that I am american so I do not care but those type of things are the real reason.

I’m not directly comparing the current situation to the the Weimar Republic’s situation, BUT the current U.S. GDP is going down, money supply is BRRRRing to go up. Recently, Biden approved a $1.9 trillion COVID-19 stimulus package, just for this year. I believe the book is something to learn from.

[Silberman]

I am currently reading this book, “Dying of Money” written by Jens O. Parsson. It’s an old book, anyone might find a .PDF copy somewhere through a simple Google search.

It’s about how the Weimar Republic lost control of its monetary system, and the description of events, from before, that caused hyperinflation.

READ IT WITH ME.

https://www.amazon.com/Dying-Money-Jens-Parsson/dp/1457502666

The cover motif is a piece of old German money. It is a Reichsbanknote issued on August 22, 1923 for one hundred million marks. Nine years earlier, that many marks would have been about 5 percent of all the German marks in the world, worth 23 million American dollars. On the day it was issued, it was worth about twenty dollars. Three months later, it was worth only a few thousandths of an American cent. The process by which this occurs is known as inflation.

A few years before, in 1920 and 1921, Germany had enjoyed a remarkable prosperity envied by the rest of the world. Prices were steady, business was humming, everyone was working, the stock market was skyrocketing. The Germans were swimming in easy money. Within the year, they were drowning in it. Until it was all over, no one seemed to notice any connection between the earlier false boom and the later inflationary bust.

I have not read that book in particular but I am aware of that particular crisis, what happened was not just the government printing too much money, what happened was that during the first world war the German government printed a lot of money in order to sustain the war effort and most people kept their money just in case they needed it so inflation did not increased it, but once the war is over and people decided to make use of their money they realized it bought a lot less, people panicked and bought everything they could finally reflecting the impact of the monetary polices of the German government on the economy, and this created a vicious cycle in which governments kept printing money and people kept spending it as fast as they could.

[Webetcoins]

There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.

While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?

Well, you can be right, it can be that they are trying to make use of Bitcoin as a hedge due to all the money printing and everything that has happened so far. Then as to why I think a lot of people believe that they are going to destroy the market is because of the way they are buying up every coin in the market and investing hundreds of millions and billions, and then they keep them in a wallet where they are stagnant (let me use that word), then it reduces the number of circulating coins which affects the market, then one day you will wake up and these institutions will start selling their coins and cashing huge amount of money. Imagine Tesla that has invested $1.5 billion and how much profit they will be making in future.

So that’s the problem I think, but I don’t know if I’m right, it’s just what I think is making some people not to like the ideas of institutions being part of this whole thing.

[Wind_FURY]

I am currently reading this book, “Dying of Money” written by Jens O. Parsson. It’s an old book, anyone might find a .PDF copy somewhere through a simple Google search.

It’s about how the Weimar Republic lost control of its monetary system, and the description of events, from before, that caused hyperinflation.

READ IT WITH ME.

https://www.amazon.com/Dying-Money-Jens-Parsson/dp/1457502666

The cover motif is a piece of old German money. It is a Reichsbanknote issued on August 22, 1923 for one hundred million marks. Nine years earlier, that many marks would have been about 5 percent of all the German marks in the world, worth 23 million American dollars. On the day it was issued, it was worth about twenty dollars. Three months later, it was worth only a few thousandths of an American cent. The process by which this occurs is known as inflation.

A few years before, in 1920 and 1921, Germany had enjoyed a remarkable prosperity envied by the rest of the world. Prices were steady, business was humming, everyone was working, the stock market was skyrocketing. The Germans were swimming in easy money. Within the year, they were drowning in it. Until it was all over, no one seemed to notice any connection between the earlier false boom and the later inflationary bust.

I have not read that book in particular but I am aware of that particular crisis, what happened was not just the government printing too much money, what happened was that during the first world war the German government printed a lot of money in order to sustain the war effort and most people kept their money just in case they needed it so inflation did not increased it, but once the war is over and people decided to make use of their money they realized it bought a lot less, people panicked and bought everything they could finally reflecting the impact of the monetary polices of the German government on the economy, and this created a vicious cycle in which governments kept printing money and people kept spending it as fast as they could.

Not according to the book. The war-effort was just “partly responsible”, and there were other reasons as well. The people responsible were playing with the monetary system, printed for business credit, government expenditure, and more, until they lost control of it.

In the U.S., they were printing to expand the economy, and the money-supply. That was BEFORE COVID. They will be printing trillions more for their “war-effort” vs. the pandemic.

Today, we have something called MMT, or Modern Monetary Theory. OR simply, MMT is the belief that big government can pay for ANYTHING by printing money, and taxing its citizens very high to reduce the circulation of money, and avoid inflation. But how sustainable can MMT to be? I believe smart people, like Elon Musk, are definitely hedging.

Here’s the free link of the book. EVERYONE in Bitcoin SHOULD read it, and get some knowledge from it, https://recision.files.wordpress.com/2010/12/jens-parsson-dying-of-money-24.pdf