$3 billion Bitcoin investment venture? Good for Bitcoin?

[Free Market Capitalist]

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 was never common among the masses, and if it ever becomes so it will be because of those things that are so hated here: KYC exchanges, custodial wallets, banks offering bitcoin trading and custody services, and companies like StrategyBTC and this one.

Without all this only 4 geeks would use it to buy drugs on the deep web and the price would be like 100 times lower.

[Lucius]

@Free Market Capitalist, ordinary people had plenty of time to accept BTC as what it was actually supposed to be (a cryptocurrency), but for the first 7-8 years they weren't too interested in it, but today they say that BTC is too expensive and that various companies will take all coins. This seems quite ironic to me, because even though BTC is increasingly moving away from what it was created for, its price wouldn't be close to $100k today if it weren't for all those big players who have been buying large quantities of coins for the last 5-6 years.

Some might say "there's a good in every evil", but it again depends on how you look at things - if you're only in it for profit then you don't care who buys and how much, on the other hand those who care about BTC on another level will never be overjoyed about things like this.

[kryptqnick]

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.

Large companies are increasingly becoming convinced about Bitcoin's future.
The bright side it that these investments could boost Bitcoin's adoption and drive its value up. But then there's the other side, as more and more Bitcoin gets concentrated in the hands of big corporations, becoming less decentralized in a way.
They're doing it because they care about profit, and while it raises Bitcoin in the eyes of traditional investors, let's not forget that people who are getting into BTC merely for profit are not true Bitcoiners. They don't care about the freedom, decentralization, and innovation BTC brings to the world of Finance. They care how much money they can milk it for, so to speak.

[GigaBit]

Big companies like Cantor Fitzgerald are investing in Bitcoin, hoping that investor confidence in Bitcoin will increase and due to increase in confidence, Bitcoin investment will also increase, and at the same time, the price of Bitcoin will reach to the high. The way Microstrategy is increasing its investment, I think Cantor Fitzgerald will gradually increase its investment in Bitcoin in the same way.

Those who are wise have now been able to understand very well that Bitcoin investment is the best in terms of investment. Those who think of holding their investment for the long term at this time will definitely benefit the most in the long term. Not only these few companies, but many such companies in the future will want to keep their investment only in Bitcoin. Since there is a limited supply, so the demand will increase continuously.

[passwordnow]

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.

It's not about how good or bad the CEOs are. They have their interest, we've got ours and so let's focus to our very own interest. We can't deny that their investment is going to make the price of Bitcoin higher and the confidence of people towards Bitcoin will also give a lot of people that are skeptic about it with a better trust rating. This is a sign of bullishness indeed because they're big investors in different markets, startups and businesses that are also in the fintech. And they do not invest if they don't think it will be a huge hit.

[JayJuanGee]

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?

Your point is valid CryptoBuds to the extent that you might be asserting that no one can stop bitcoin participants from buying and/or participating in bitcoin whether individuals, governments or institutions - yet surely some bitcoiners might complain about various aspects of merely holding bitcoin exposure through third parties distracts away from peer to peer transactions and self-custody, and maybe there could also be assertions that a form of co-optation attack is attempting to take place.  It is yet to be seen if any such attack is going to be successful.

Bitcoin's value also comes from its abilities to be able to be transacted directly, yet if bitcoin is being held by third parties and not being transacted directly, then the supply of bitcoin being used for direct transactions would be smaller, and it still can be transacted, even if there are fewer units providing such transaction liquidity.

[X-ray]

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.

Masayoshi Son actually is so popular that I thought everyone already know him.

But indeed softbank is a big player in the investment world, any cutting edge tech that we've seen so far, there's big chance that softbank has invested in it.

Although frankly speaking softbank also caught in a massive flop sometime, i'm talking about we work and so on.

[Darker45]

Saylor's strategy is indeed spreading. It's now copied. There'll be more to come. I'm sure many traditional financial institutions are either silently accumulating Bitcoin or cooking up something.

They have to have exposure to the Bitcoin market. This is the boom that everyone was waiting for. No less than the US president himself is supportive of Bitcoin, and he handpicked personalities who are also Bitcoin supporters themselves to hold high government positions.

They can't miss this. The next administration might be different. Time is of the essence.

[nemesis_incarnate]

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.

Masayoshi Son actually is so popular that I thought everyone already know him.

But indeed softbank is a big player in the investment world, any cutting edge tech that we've seen so far, there's big chance that softbank has invested in it.

Although frankly speaking softbank also caught in a massive flop sometime, i'm talking about we work and so on.

Just like with anyone in the big investors world, nobody is all white or all black - they are somewhere in between.

[Taskford]

Saylor's strategy is indeed spreading. It's now copied. There'll be more to come. I'm sure many traditional financial institutions are either silently accumulating Bitcoin or cooking up something.

They have to have exposure to the Bitcoin market. This is the boom that everyone was waiting for. No less than the US president himself is supportive of Bitcoin, and he handpicked personalities who are also Bitcoin supporters themselves to hold high government positions.

They can't miss this. The next administration might be different. Time is of the essence.

Because they see them succeed on their investment on Bitcoin that's why there are industries rise since they got inspired to follow the track what Microstrategy did.

Also for sure there would be more to come especially that we are talking about Billion dollar of investment and provably that there are more institution would follow if they also see the new player succeed on their investment the same as what Microstrategy achieve. Somehow what happen now is really great especially we have government which is supportive on Bitcoin and trying to do good approach so that Bitcoin will get recognize not only by institutional investors but also lots of people globally.

[Agbe]

This is a welcome development because investment like this will boost the interest of many who are still struggling to adopt Bitcoin and own it I think that companies like this are visionary enough and has the future at hand because investing $3 billions worth of money into Bitcoin acquisition for the purpose of owning for the future is commendable and should be copied by other companies because this type of investments is one of the best that companies can embark on because in terms of return on investment Bitcoin is one of the best in bringing value back on investment