$3 billion Bitcoin investment venture? Good for Bitcoin?

[Zaguru12]

This is one of my fears in terms of institutional investors and country governments coming into the acquisition of bitcoin; it will all boil down to a level where they have their hands in the larger portion of Bitcoin since they can't control the network that can give them access to at least manipulate the market to some extent, which is the disadvantage and negative impact that many are not picturing from this perspective; rather, they are more focused on price increases.

Immediately the bitcoin ETF was approved I definitely had thoughts that bitcoin is beginning to get spread to the higher institutions, with regulatory acts getting relaxed I think it is getting easier for this institutions to come into bitcoin. Looking at larger picture of this the positives is that many of this institutions will definitely buy in large chunks and most probably help spread its adoption which is one thing we have been seeking as a community.

But to be frank the way institutions have been clamoring around this and how they see it only as a store of value and not something that they can use to transact is something that is worrying, take Microstrategy as an example, since they started acquiring in 2020 bitcoin they have only sold once in 2022 to avoid some loan loss, this diamond hand by them although makes the asset scarce and might be worth more, it doesn’t sit well with me because it can only mean one thing a sell off by little hands and continuous acquisition by them (whales) and this can lead to little market manipulation as we are seeing now.

[fikrett]

As soon as I've seen Softbank, that's like a gold in my eyes. They're a big investor and they know what's profitable and so they're investing. That's why if this venture is going to be a 3B dollar capital investment, I'm happy to see this happen and if this is going to part of Bitcoin or they're going to put that into portfolio then that's good. It is only a matter of time when this kind of ventures will have the others to enforce and find their partners to share a large pool of fund so that they can have a bigger share of the market and have more bitcoins on hold.

From where did you hear about them? Just interested

[passwordnow]

As soon as I've seen Softbank, that's like a gold in my eyes. They're a big investor and they know what's profitable and so they're investing. That's why if this venture is going to be a 3B dollar capital investment, I'm happy to see this happen and if this is going to part of Bitcoin or they're going to put that into portfolio then that's good. It is only a matter of time when this kind of ventures will have the others to enforce and find their partners to share a large pool of fund so that they can have a bigger share of the market and have more bitcoins on hold.

From where did you hear about them? Just interested

I've seen a video that Softbank's CEO Masayoshi Son is one of the friends of the NVIDIA Ceo Jensen Huang. He invested on NVIDIA early, he made a profit although it's not the maximum amount but it's still a lot of money. So, a quick summary - Softbank is an investor in various sector and in technology. So, if this venture gets to happen and they sees Bitcoin as a good asset to invest since it's got blockchain technology, they'll invest heavily on it.

These are the few companies that are part of their portfolio;



And for more; https://visionfund.com/portfolio

[betswift]

I've seen a video that Softbank's CEO Masayoshi Son is one of the friends of the NVIDIA Ceo Jensen Huang. He invested on NVIDIA early, he made a profit although it's not the maximum amount but it's still a lot of money. So, a quick summary - Softbank is an investor in various sector and in technology. So, if this venture gets to happen and they sees Bitcoin as a good asset to invest since it's got blockchain technology, they'll invest heavily on it.

These are the few companies that are part of their portfolio;



And for more; https://visionfund.com/portfolio

Interesting.

I am not into the CEOs and such investors, and how to decide which one is "good", or "bad", or just.. there, but it's still interesting to see some information given about them overall and their heads.

Bullish sign for all us, for sure.

[348Judah]

What can you say about this? It's like MicroStrategy's approach is spreading.

Microstrategy, El-Salvador and many other bitcoin investors could all constitute what encourages other institutions to continue with the consideration of bitcoin for an investment, when they might have seen the way it makes difference from the other asset they might have already been investing upon over time, now things are getting mor unfolding about the relevance of bitcoin with government and institutions as they are given more positive approach over bitcoin for adoption because it is profitable.

[avikz]

Major developments are unfolding in the crypto space. Cantor Fitzgerald is supporting a huge $3 billion Bitcoin investment initiative named 21 Capital, in partnership with Tether, Bitfinex, and SoftBank. The venture is being set up through a SPAC (Cantor Equity Partners) and follows a strategy similar to MicroStrategy’s approach to acquiring BTC.

https://www.ft.com/content/501210ad-d39b-4d7b-b649-bbd08ceffe6f

What can you say about this? It's like MicroStrategy's approach is spreading.

So another 3 billion USD worth of Bitcoin will soon be controlled by the corporates and investment sharks! How unfortunate! Bitcoin is slowly becoming the assets for the corporates which was not supposed to be. Bitcoin should have stayed with the common mass. It's disheartening to see soo many corporates and governments are acquiring Bitcoins and positioning themselves as a whale. People who are cheering now, please don't complain if you find the market is being controlled by these big pocket corporates within a few years of time.

Bitcoin should have stayed in the hands of the common people. That's how it has always thrived and reached to its current position. This invasion wasn't needed to fuel its growth and adoption.

[coolcoinz]

^
You can't stop the rich from getting a piece. Isn't that what we all wanted back in 2016 when no company wanted to touch it and it was worth a few hundred dollars?

IMO people can only blame themselves for not buying. Right now the rich are competing for the coins owned by the early adopters, but soon the situation will change and normal people will be fighting for scraps left for them by CEOs like Larry Fink.


Back to the main question, is it going to be good for Bitcoin? It can be good or very good. If they buy OTC, like Saylor, it may only be good, but if they happen to buy spot, it can end up being very good. Unfortunately these people usually try to fill their bags without moving the price.

The strategy that Saylor has is actually good because it allows them to avoid taxation. A company can buy bitcoin (or gold) and then borrow money against it, invest that money, get its valuation up, sell more stock, buy more hard assets and repeat the whole process. This is free money as long as the hard asset goes up in value.

[Cookdata]

Major developments are unfolding in the crypto space. Cantor Fitzgerald is supporting a huge $3 billion Bitcoin investment initiative named 21 Capital, in partnership with Tether, Bitfinex, and SoftBank. The venture is being set up through a SPAC (Cantor Equity Partners) and follows a strategy similar to MicroStrategy’s approach to acquiring BTC.

https://www.ft.com/content/501210ad-d39b-4d7b-b649-bbd08ceffe6f

What can you say about this? It's like MicroStrategy's approach is spreading.

Short term, good for as hope for people, long term good for commitment of institutional investors to stick around but there is one thing I know about this, a time will come when they will sell their investment and considering the huge amount of money they are putting here, their unlock sell is going to be huge anytime they want to sell and you know when there is a movement of coins on the market, it's usually a chaos and panic that comes with heavy dump.

Whether we admit it or not, they are going to sell at some point, they are not putting that billions of dollars to entertain anyone here. Their motive is to make profit and that's my fear from this market. Let's just hope more and more of them keeps coming, the liquidity here will keep strengthening maybe one day if someone decide to dump $1b worth of Bitcoin in a day, we don't have to worry about their impacts on the market and anything that will cause fear.

[BABY SHOES]

The articles you share seem to be paid... so I find it difficult to read the article because I have to subscribe first.

Of course it is good news that there is an institution that is interested in investing in BTC again, indicating that they believe in this coin, but I don't see how specific in the article and how they invested.

[headingnorth]

Well-known regarded companies investing in bitcoin? Why wouldn't that be good for bitcoin?
If they are following the Microstrategy model, that should mean they are investing for the long term,
not dumb casino traders trying to make a quick buck. Michael Saylor is famous for saying never sell your bitcoin.

Good to know respected bitcoin OG Jack Mallers will be leading the project as CEO.

[sokani]

What can you say about this? It's like MicroStrategy's approach is spreading.

Microstrategy started buying Bitcoin in 2020 and in 5 years, it has acquired 534,741 BTC^[1], which is about 2.5% of Bitcoin total supply. Government worldwide collectively own about 471,000 BTC^[2], which is 2.24% of total supply. I quite understand that news like this makes a good headline but this is obviously not the financial freedom Satoshi envisaged when he created Bitcoin. With more institutional investors jumping in, they will be able to stack up more Bitcoin and maybe manipulate the price in future.

1. https://bitcointreasuries.net/entities/microstrategy
2.  https://coinmarketcap.com/academy/article/9846a3ba-e71c-4d94-b661-75c3fadf7055

[The Cryptovator]

Ventures realising Bitcoin investment is the most profitable investment nowadays, so they are jumping on it. It's definitely good for Bitcoin; at least I am not seeing any negatives when ventures are interested in Bitcoin investment. Probably they would follow MicroStrategy about Bitcoin investment. We should welcome such investors in Bitcoin to see it skyrocket on the chart.

Whenever Ventures decides to invest in Bitcoin, it means they are going to hold it for a long time. And they aren't going to sell off all their holdings together anyway since they aren't accumulating at once. So it won't have any negative impact on Bitcoin as well. Rather, it helps Bitcoin adoption at all.

[headingnorth]

What can you say about this? It's like MicroStrategy's approach is spreading.

I quite understand that news like this makes a good headline but this is obviously not the financial freedom Satoshi envisaged when he created Bitcoin.

Financial freedom means that anyone is free to invest in it, including governments and institutions,
not just poor college students and Joe the Plumber. Your statement makes no sense.
  

What can you say about this? It's like MicroStrategy's approach is spreading.

With more institutional investors jumping in, they will be able to stack up more Bitcoin and maybe manipulate the price in future.

At this point bitcoin is too big for any whale to manipulate it. Altcoins are much smaller and far easier for a single whale to manipulate,
which is why they are called shitcoins and extremely manipulated.

[JiiBs]

Major developments are unfolding in the crypto space. Cantor Fitzgerald is supporting a huge $3 billion Bitcoin investment initiative named 21 Capital, in partnership with Tether, Bitfinex, and SoftBank. The venture is being set up through a SPAC (Cantor Equity Partners) and follows a strategy similar to MicroStrategy’s approach to acquiring BTC.

https://www.ft.com/content/501210ad-d39b-4d7b-b649-bbd08ceffe6f

What can you say about this? It's like MicroStrategy's approach is spreading.

I couldn’t go through the provided link without having to pay for some subscription plan to access the articles.

Sometimes you just wonder what’s the DCA strategy compared this you know… of course, you wouldn’t expect several firms to practice DCA but then again, this is great news for Bitcoin. With that large amount coming in and the wave the news is going to carry, it would very much motivate other organizations and corporations to step in.

Something I don’t get from the little I read in the OP though;

What does that say, having other crypto projects tipping towards the Bitcoin initiative… what does that say really.

[Odusko]

Focus is shifting from Bitcoin as a currency to Bitcoin as an assets, reason most financial institutions and companies are now buying big positions in the Bitcoin ecosystem, micro strategy is not the only financial company that hold huge positions in Bitcoin both other new and old companies who's Bitcoin position haven't been made public their are still busy acquiring Bitcoin acquisitions in private, so yeah Bitcoin is not a reserve assets much more than it is a currency right now.

[AmoreJaz]

Focus is shifting from Bitcoin as a currency to Bitcoin as an assets, reason most financial institutions and companies are now buying big positions in the Bitcoin ecosystem, micro strategy is not the only financial company that hold huge positions in Bitcoin both other new and old companies who's Bitcoin position haven't been made public their are still busy acquiring Bitcoin acquisitions in private, so yeah Bitcoin is not a reserve assets much more than it is a currency right now.

Definitely, such move is beneficial to bitcoin market. As we have fixed supply and year after year, it is being reduced owed to forgotten BTCs or unrecovered ones from wallets, and the demand is continuously increasing, the price will surely be heading in the positive direction.
It is understandable that some big companies are now getting their interest in this market, and investing large sum of money. A lot are looking to the big potential of btc in the market as the demand is still in the positive side. Worry if people are not talking about btc anymore. But for now, the horizon is still looking bright for btc.

[hd49728]

Definitely, such move is beneficial to bitcoin market. As we have fixed supply and year after year, it is being reduced owed to forgotten BTCs or unrecovered ones from wallets, and the demand is continuously increasing, the price will surely be heading in the positive direction.

There are actually lost bitcoins but we never know or are able to identify exact number of lost bitcoins. There are reports with estimation of about 4 million bitcoins lost, but the exact number can be more or less than 4M.

4 millions or any number, lost bitcoins are gift and donation to everyone.

Lost Bitcoin: 3.7 million Bitcoin are probably gone forever. Notice the word "probably".

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

[CryptoBuds]

 I quite understand that news like this makes a good headline but this is obviously not the financial freedom Satoshi envisaged when he created Bitcoin. With more institutional investors jumping in, they will be able to stack up more Bitcoin and maybe manipulate the price in future.

What is financial freedom? Does financial freedom mean that only poor and middle class people have the right to own bitcoin, and rich people and governments have no right to hold bitcoin? Is it freedom or selfishness?

Assuming governments and institutions do not enter the market, bitcoin will only be held by poor people like us. What guarantees are there that when you or I become rich, we won't try to manipulate the market to become even richer? Will we share this wealth with other poor people, or will we try to push them out of wealth like the rich are doing to us?

By the way, bitcoin is a speculative asset and it has been manipulated for the last 16 years by whales, sharks and that is why they are getting richer. Why is no one complaining about that?

[jcojci]

Bitcoin is getting more support, which is a good news because it helps Bitcoin attract people to join. Big companies can easily invest in Bitcoin so they can buy Bitcoin at any price they want. That is why the rich can still get richer than others because they know where they should invest their money.

More good news spreads will help Bitcoin raise its price because people will be confident in buying it. They will see that big companies are already starting to buy Bitcoin so they should follow up before it is too late.

It is good if they use MicroStrategy's approach to investing in Bitcoin. However, they should have other strategies just in case the previous strategy does not work.

[henry_of_skalitz]

Bitcoin is getting more support, which is a good news because it helps Bitcoin attract people to join. Big companies can easily invest in Bitcoin so they can buy Bitcoin at any price they want. That is why the rich can still get richer than others because they know where they should invest their money.

More good news spreads will help Bitcoin raise its price because people will be confident in buying it. They will see that big companies are already starting to buy Bitcoin so they should follow up before it is too late.

It is good if they use MicroStrategy's approach to investing in Bitcoin. However, they should have other strategies just in case the previous strategy does not work.

Big companies don't risk anything by putting only a fraction of their income in BTC - but they still affect the sentiment greatly, even though it is usually a short-lived effect.

It's still beneficial for BTC in the long run, as you said.