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[Symmetrick]

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[The Cryptovator]

I can't say institutional investors stop investing in Bitcoin. Even during the dump a few institutional investors still accumulating more Bitcoin like MicroStrategy. And Tesla said they don't sell Bitcoin this time, they sold back few days 10% of their holding if I am correct and they have provided a valid reason. We know that hype couldn't continue forever and that's why it's called hype. Otherwise, the Bitcoin price will be nonstop. Price would dump more, but I don't believe it will repeat of 2017 trend by the way. Because many investors including institutional already involved with it.

[Slow death]

It's funny, I don't remember these analysts getting something right, the price will always fall if it fails to break some resistance, it will never be possible for bitcoin price to just go up and not go down, it's part of the market and if the price is fluctuating between $34000 at $38000 Is precisely because the demand is very high, if there was not very high demand, the price would have already dropped to 10,000. I'm not an expert, but from the observation I've made, I realize that whenever the price touches $30,000 immediately, it goes up a lot, which shows that no one wants to see the price below $30,000 because they think it's too low, people buy a lot in this $30,000 zone and I don't believe they aren't rich who are buying in these zones... these guys who do these analyzes seem to want to panic for the price to drop a lot

We know that hype couldn't continue forever and that's why it's called hype. Otherwise, the Bitcoin price will be nonstop. Price would dump more, but I don't believe it will repeat of 2017 trend by the way. Because many investors including institutional already involved with it.

in 2017 the price increased a lot because people were being deceived because of the ICOs, the BCH Hard Fork that made many people buy bitcoin to have extra coins with the BCH Hard Fork and had the futures listing, but then there was nothing else to sustain that price, today we have constant and solid demand, today we have a mature market where people are more aware, we will not see the same scenario as 2017

[hatshepsut93]

The institutional hype has been over for a long time already, when Bitcoin hit ATH there already was a lack of such news for some time. The big reason behind this crash is that not enough new money is flowing into this market, so the most recent investors started taking profits, which caused cascading effect. The fear of inflation has also lowered recently, so institutional investors have only less reason to look at Bitcoin.

[kolonel_x]

indeed this is already very clear, maybe for a while investors are trying to secure their assets in gold and start to Bitcoin in the future with new capital that has been prepared. we should not be careless because most institutional investors do this in order to maintain the value of financial stability in the long term. and Bitcoin as an alternative to multiply the money.

this sounds very terrible, namely where Bitcoin is only used as a place to multiply profits and is abandoned in the future.

[dunfida]

indeed this is already very clear, maybe for a while investors are trying to secure their assets in gold and start to Bitcoin in the future with new capital that has been prepared. we should not be careless because most institutional investors do this in order to maintain the value of financial stability in the long term. and Bitcoin as an alternative to multiply the money.

this sounds very terrible, namely where Bitcoin is only used as a place to multiply profits and is abandoned in the future.

Expect the unexpected because this is how big players of this market do on where they do ensure things up and able to accumulate on what they should accumulate but i do agree into those sentiments that institutional hype is over and now we do wait for the next event or move to happen when
things turns out to be on that selling point or position.So always be prepared and take advantage out of these movements.

They had ruled out the traditional markets and now that they had touched out their feet into this market then expect that there would really be some
significant effects that turns out to be unexpected.

[mindrust]

Tesla accepting bitcoin no more was a big hit and probably a warning shot to the others. When Tesla announced that they are going to accept Bitcoin for their cars, I thought this is the start of something big. Now the others will also join the party but then something happened. It is like somebody told Elon something and suddenly Elon changed his decision and Bitcoin's energy consumption was his excuse. We all know that Elon very well knew about bitcoin's PoW algo before he decided to accept bitcoin.

[pealr12]

Why are we going back and forth! Few weeks back all you could read in here is how btc out performing gold and how btc is going to replace gold,  now suddenly institutional funds are flowing out of btc to enter gold, I don't expect to read this so soon, why are institutions removing money from btc to gold! Btc still profitable even in bear market.

[teosanru]

I am surprised to see JP morgan's way of dealing. If the leader of the company does not believe in technology or company but still would Promote the technology and attract people to invest in it. Also isn't it quite obvious that the owner of JP Morgan would try to demean crypto as much as possible so that people would stay in stocks only. Stocks are their bread and butter, they are the leaders of the market. If people who have a limited set of Capital shift their capital into cryptos, they will obviously suffer huge losses, and this is the reason why they were left with no other option than to give their customers the option to invest. Also, these institutions are too unpredictable they will just take a few hours to enter the market back again and people like us won't be able to catch the wave.

[20kevin20]

Why are we going back and forth! Few weeks back all you could read in here is how btc out performing gold and how btc is going to replace gold,  now suddenly institutional funds are flowing out of btc to enter gold, I don't expect to read this so soon, why are institutions removing money from btc to gold! Btc still profitable even in bear market.

Because:
1. They make a sh*t ton of money from this kind of speculation
2. They don't like Bitcoin for real, at least they don't want it in our hands
3. Their wet dream is to turn Bitcoin into the most massive surveillance-focused economy in the world, artificially, through regular Joes' usage of BTC in combination with blockchain analysis

People need to realise they're our enemies, not our friends. They want to make money off us. They don't want to help us make money..

[uneng]

I'm not sure. As far as I know these big companies launch hypes in order to make the public consume their products or ideas, so they can earn money and influence. But what happened between institutional investors and bitcoin was different. They didn't launch bitcoin's hype, they were the consumers of this called *hype*, that might not be a hype at all. Because hypes are for the sheep and institutional investors are wolves.

[dothebeats]

You can say that the institutional hype is slowing down, but it's definitely not over. These guys are already balls deep into investing in bitcoin and it would be a complete waste if they are to let go of the footing that they already have in the market. Perhaps the price rises would slow down, but these guys acquiring more bitcoin won't given that it's such a favorable condition for them to get more and more bitcoin while the price is extremely cheap.

Some of the proceeds of their exploits on crypto might go to gold, but seeing how easy it is to profit off of crypto's speculative nature by having to try their hand at it, I doubt that they'll abandon it fully.

[MusaMohamed]

The institutional hype has been over for a long time already, when Bitcoin hit ATH there already was a lack of such news for some time. The big reason behind this crash is that not enough new money is flowing into this market, so the most recent investors started taking profits, which caused cascading effect. The fear of inflation has also lowered recently, so institutional investors have only less reason to look at Bitcoin.

Reasons are people think institutional investments can be game changers and can change the track of Bitcoin. They are not and they are parts of the game.

Bottom line. They contribute to the game, can make hype and help the growth appear sooner and grow at faster rate. But the side effects are because of overhype and over optimistic with institutional investments, when those contributions drop or reverse, people will feel panic and uncertainty.

But they are parts of all financial games.

[GreatArkansas]

Is the institutional bitcoin hype over and now we are in for a long decline? After all, this growth was triggered by institutional investors, in contrast to the same 2017, where growth was at the expense of retail investors. If the interest of institutions stops, then bitcoin will slowly or quickly return to the values from which this hype began, namely 15-20k.

I believe that the 15-20k price for Bitcoin may still possible this time.

But telling that "OVER" already, I still don't believe that, we are still in early years. If you compare it with Gold, it's still far.
There are still a lot of reasons why it's not yet OVER, maybe OVER in short term but long term or in the future, I don't think so.

If you will try to check the price of Gold when ETF started, look at how the price went up. Bitcoin still don't have ETF yet, so that is one of the reasons I can say that we are still early.

[brainactive]

Reasons are people think institutional investments can be game changers and can change the track of Bitcoin. They are not and they are parts of the game.

Bottom line. They contribute to the game, can make hype and help the growth appear sooner and grow at faster rate. But the side effects are because of overhype and over optimistic with institutional investments, when those contributions drop or reverse, people will feel panic and uncertainty.

But they are parts of all financial games.

I think if you said the same thing in 2017 or earlier, then I'd agree with you. But we have reached a stage in the market where everyone knows about bitcoin now. And most retail investors (around 17% of US population) already own a stake in it so there isn't really that much space for further growth without institutional adoption. Some might argue that 17% of US population isn't "most", but realistically, only a small proportion of the population in the market are "investors". A large portion of the population are either just trying to live pay check to pay check or are not interested in the idea of investing. So the fact that 17% of the population are already invested in crypto means it's fairly saturated already. Doesn't mean there isn't more growth to come from retail investment, just means its more limited now.      

[MoneyJ]

Adoption is still at an early stage. In my opinion we still have several years ahead of improvement. Most in third world countries have either slow Internet access or none at all but rapid development is catching up with its network infrastructure.

[brainactive]

If you will try to check the price of Gold when ETF started, look at how the price went up. Bitcoin still don't have ETF yet, so that is one of the reasons I can say that we are still early.

Gold ETFs make having exposure to gold more convenient (no need for storage, theft, easier to buy/sell etc). That convenience was a big driver in increasing the demand and hence price.

The same can't be said about Bitcoin ETFs. Because even without ETFs, bitcoin is very easy to store and trade. That's some of the advantages of bitcoin over gold, but it also means that a Bitcoin ETF is unlikely to drive up the price that much.

[DapanasFruit]

Jamie Dimon spoke as a banker who actually is wishing that Bitcoin is non-existent but since it is here they might as well also make some money out of it. In other words, a guy like him just like the rest of his peers are just opportunistic so when there is a dip they will stop heaping praises on Bitcoin, but the time there is a strong sowing of the bull they will be grabbing the attention of the people by saying so many positive on Bitcoin. Now, the question to all of us: What is new with that? It happened in 2017, and it is happening right now. At the end of the day, Bitcoin will always do the Phoenix thing.

[Kemarit]

I would tend to agree that the institution hype has somewhat hit a snagged as obviously, the price is tanking right now and then we have Elon's sudden turn around. Maybe there's a lot of CEO looking at Elon's move into Bitcoin, but when he tweets about his anti-bitcoin sentiments, those companies has second thoughts as well.

Unless we hear another big companies investing huge amount on Bitcoin market as store of value and hedge it on their balance sheet, maybe this institutional hype is slowing down.

[amishmanish]

I would tend to agree that the institution hype has somewhat hit a snagged as obviously, the price is tanking right now and then we have Elon's sudden turn around. Maybe there's a lot of CEO looking at Elon's move into Bitcoin, but when he tweets about his anti-bitcoin sentiments, those companies has second thoughts as well.
--snip--

Nobody likes to talk about it nowadays but Elon has definitely been a factor. When one of the richest guy on planet with a tech pedigree says something, that has more effect than all of Bitcoiners' collective arguments. He still tweets about DOGE. Those tweets still move markets and looks like, he does it all as a private person. His latest tweet about a "childhood pic" had the Shibe in foreground. He is like the excited nerd who wants to show off after becoming successful. In that, he finds the DOGE people more receptive to his cheesy overtures than the Bitcoiner community. So till he sincerely comes to the realization about need and importance of hashrate and Bitcoin's PoW, we may remain stuck in this situtaion.

Now if we talk about institutional demand, the price reached an ATH of 20K in 2017-end without the need for institutions. People chose to get involved by themselves. Yet, at that time, we had the Nitrous boost of the ICO bubble in cryptocurrency space. Most of those projects are defunct now.

I think it is safe to assume that we'll have to undergo another phase of consolidation and innovation (LN based applications), before Bitcoin can truly become independent of things like Elon's tweet.