Institutional buyers are not backing down. More Pump?

[Pokapoka124]

Institutional investors are getting more interested in bitcoin. This move by MicroStrategy is a big step. Will other companies follow this path? How would employees react to this? Since btc is volatile and can dump at any minute. I can understand if they are excited about it now as Bitcoin is bullish but what happens when there is a massive dip? Love your hear thoughts on this none

[1715202207]

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[reelstuff]

It is interesting, although it covers a narrow and very specific group,  (Non Employee Directors) It could apply to a number of situations, some contractors or consultants might fall into that category.   But normally those that do fit that designation would likely be financially independent in the first place.   So, it will not likely be as important to those high earners who get paid this way.   

[hd49728]

Follow the institutional investments and their public records on https://bitcointreasuries.org/

If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.

[fillippone]

Follow the institutional investments and their public records on https://bitcointreasuries.org/

If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.

Indeed I have an interest on bitcoin adoption by institutional investors. I have a slight contrarian view this is not against what Satoshi envisioned for Bitcoin.
Anyway I have a few threads on that topic I try to keep as updated as possible.

MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
Everything you wanted to know about Grayscale BTC Trust but were afraid to ask!
ETC Group to launch bitcoin ETP on Deutsche Boerse
Tesla Bought 1.5 B in Bitcoins

And many others...

[TheUltraElite]

Both side movements can occur. Now the retail section of buyers are not going to be able to sustain a dump in case the institutional section starts dumping. Even then you have to remind yourself that these institutions are out there for money and so they will be diligent when selling because this is not the first time that they are hedging something for profit.

What I mean is that if they sell they would not tell everyone when they will sell. So even if they post a article like the one above, they may or may not dump and even if they do, you will be the last person to know it.

Point is that the currency price of ~60k+ USD did not see the growth that it needed to see. Meaning that the support levels may be weak at 55k USD and 50k USD. Be cautious when the market starts dropping and dont buy immediately.

In any case, news like these will make the market move but unless a big selloff starts significant movements will not occur.

[slaman29]

They have seen now a few dumps that could not be sustained, and a very steady climb to make new ATHs for the past 4/5 months. I doubt they would be backing down now. I think at the very least we see a few more months of new ATHs, if not all the way until December.

That anyway is what insitutionals and funds are expecting. Follow the smart money, right guys? Or just hodl and eat popcorn this whole year:)

[tbterryboy]

Institutional investors are getting more interested in bitcoin. This move by MicroStrategy is a big step. Will other companies follow this path? How would employees react to this? Since btc is volatile and can dump at any minute. I can understand if they are excited about it now as Bitcoin is bullish but what happens when there is a massive dip? Love your hear thoughts on this none

Paying people in Bitcoin shouldn’t be a problem even if there is a dip in price, they will still continue getting paid the same amount as long as it’s in USD that the payments are being calculated, it’s not like they are being paid a particular amount of BTC that wouldn’t change when the value dips. So whether the price of bitcoin dips or levels up, they are still going to be paid the same worth in USD, so I don’t see anything that’s a problem with it.

And as for the price of bitcoin I don’t see it going down anytime soon, lots of people are still showing their interest and big companies are showing interest as well, and they want to be investing and lots of people are ready to hold for a long term.

[STT]

GBTC has a negative discount to it which in theory means its cheaper to buy into but also might signal lower demand from that quarter.  Not exactly your question but at some point people who have no interest in holding BTC just close their trade, its a normal process and I dont see why one part of the market wouldn't do that also sometimes.

 A discount also promotes arbitrage possible, so buy gbtc but sell other markets, not sure that has an effect or not but possibly as gbtc has slack so not a need to buy in markets;  cant say I know for sure.

[Assface16678]

Follow the institutional investments and their public records on https://bitcointreasuries.org/

If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.

Thanks for this tidbit of information, I would check out both since I am waiting for another big pump in bitcoin prices. The only problem that I have with @fillippone is thaat sometimes the quantity of his/her post is overwhelming but it might just be me, I might be too lazy to read but I will give it a try.

[leea-1334]

GBTC has a negative discount to it which in theory means its cheaper to buy into but also might signal lower demand from that quarter.  Not exactly your question but at some point people who have no interest in holding BTC just close their trade, its a normal process and I dont see why one part of the market wouldn't do that also sometimes.

 A discount also promotes arbitrage possible, so buy gbtc but sell other markets, not sure that has an effect or not but possibly as gbtc has slack so not a need to buy in markets;  cant say I know for sure.

I think this is the other thing quite a lot of people forget to mention,,, or even consider,,, that all the interest on these futures and derivatives and what not is just pure speculator interest. People see Bitcoin as a hot bubble and move on to others as soon as it starts to dump or lose appeal to them.

I really do not know how this arbitrage works in this case either.

[fillippone]

Thanks for this tidbit of information, I would check out both since I am waiting for another big pump in bitcoin prices. The only problem that I have with @fillippone is thaat sometimes the quantity of his/her post is overwhelming but it might just be me, I might be too lazy to read but I will give it a try.

Well, if it takes longer for you to read, you can imagine how longer it takes me to write them!
But, don't worry. I try to post only the best content for you, and also try to select topics that stay relevant for a few days. So don't rush to my threads!

[Jating]

Follow the institutional investments and their public records on https://bitcointreasuries.org/

If you are lazy to follow it, you can watch that topic and get updates by the topic author: Bitcoin Treasuries. @fillippone has big interest in economics and institutional investments. He keeps his topics updated very regularly.

Thanks for this tidbit of information, I would check out both since I am waiting for another big pump in bitcoin prices. The only problem that I have with @fillippone is thaat sometimes the quantity of his/her post is overwhelming but it might just be me, I might be too lazy to read but I will give it a try.

No @fillippone has taken time to write those posts. And some of his posts are translated locally already, so yeah it might be overwhelming but if it can be translated I'm sure you will understand it.

As far as institutional buys, of course they are not going to back down, on the contrary they are going to continue to accumulate. But what does it mean for us average joe and retail investors? Bitcoin are going to be scarce so we better not sold any of them right now and wait for the price to really go as high as 6 digits in the future.

[Theb]

This is not a sign of bullishness for institutional investors its just that MicroStrategy is planning to compensate their non-employee board members with Bitcoin and if I have to take it personally I think MicroStrategy is just using their own Bitcoin reserve to be paid on their directors which just means that they are offloading some of their reserves and we haven't seen any news about them buying more recently so for me this might be bad news and an exact opposite on your interpretation. But that is just my two cents about is people can look the other way around and see that this is a sign of support from their own directors accepting compensation in terms of Bitcoin.

[LUCKMCFLY]

I do not think that institutional investment is decreasing, even JP Morgan has advised that they buy Bitcoin, that institutions should not be expected to buy Bitcoin for others to do so, Elon Musk has made a large investment in Bitcoin without caring about his own Tesla shares, with more than 50% reduction has never given up on Bitcoin, he also has a particular liking for DogeCoin just like Mark Cuban, stating that:

“For your information, the Mavericks’ sales in Dogecoin have increased 550% over the past month. We have now sold more than 122,000 Doge in merchandise! We will never sell one single Doge ever. So keep buying.”

Source: https://dailyhodl.com/2021/04/15/billionaire-mark-cuban-says-he-will-never-sell-one-dogecoin-heres-why/

If these millionaires are putting or sheltering the money in Doge, maybe it is a strategy, for now the bullish trend of Bitcoin has been there, maybe another Tweet from Elon Musk in favor of Bitcoin causes another rally, what remains is to wait .

[thecodebear]

About that Microstrategy move in particular, board members are already rich people, so it's not like this is their one income stream that they need to live off of so they don't care about the volatility of Bitcoin as what they are getting compensated with.

More broadly though, of course institutional buyers are not backing down. Institutional adoption of Bitcoin is going to be a gradual thing that probably takes like a decade, and it really just started a half year or so ago. Other than Microstrategy, even that first bold wave of institutions that have already gotten in are starting small and will continue to build their positions in the future (and hell even Microstrategy will continue to build it's positions with the DCA we've seen whenever they have free cash).

So to answer "more pump?", yes, more pump, more pump for many years. Super cycle is starting, being driven by long term institutional adoption of Bitcoin.

[Baofeng]

So to answer "more pump?", yes, more pump, more pump for many years. Super cycle is starting, being driven by long term institutional adoption of Bitcoin.

Yes, this is more likely what's going to happen if Microstrategy or other financial institutions are going to invest billions into bitcoin. Yes they are rich, but they are very smart investors as well and that's spells the difference on rich individual getting richer and us average joe trying to get rich. So bitcoin is a good opportunity that we should take advantage of. We could see one super cycle or two big ones in this post halving alone.

[Fundamentals Of]

A dip is not a problem. At the end of the day, the non-employee directors are all free to keep their Bitcoins as is or convert them into fiat. Their Bitcoin payments are based on how much they should receive in fiat. If they don't trust Bitcoin enough or if they are foreseeing a coming dip, then they would simply convert their salaries into fiat. But for now they will have to bear with the changes because it is the decision of the board of directors.

[magneto]

Microstrategy is known for taking risks like this for publicity. It's not really representative of the total institutional picture per se.

But to see even speculative corporations such as MST going in this direction is very encouraging. They are using BTC as it is intended, as a payment processor and a long term store of value.

I'd actually argue that doing this is a much more tangible form of adoption compared to simply speculating on BTC price. Hopefully other corporations can follow suit, but honestly not expecting much.

[Zilon]

ow would employees react to this? Since btc is volatile and can dump at any minute. I can understand if they are excited about it now as Bitcoin is bullish but what happens when there is a massive dip? Love your hear thoughts on this none

We are still expecting more bullish trend for bitcoin market seen most industries and companies converting their assets to bitcoin like Tesla. I believe this is a perfect compensation plan for non-employee directors because we are still speculating that bitcoin will keep been bullish even till the end of 2021.

I can't foresee bitcoin been dumped in the nearest future. If it has survived centuries then I believe crypto is set to replace gold in the near future

[rodskee]

Institutional investors are getting more interested in bitcoin. This move by MicroStrategy is a big step. Will other companies follow this path? How would employees react to this? Since btc is volatile and can dump at any minute. I can understand if they are excited about it now as Bitcoin is bullish but what happens when there is a massive dip? Love your hear thoughts on this none

Here's the answer mate https://coinmarketcap.com/ check of the pump really continues or just dumping already..

but Hey there might be a changing position in the next  days but make sure you are ready to what will be the activities of the market as it is changing continuously nowadays.

I hate to say this but there might be a Bear to come this 2nd quarter.