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RE: Bitcoin experiences Golden Cross - Something we haven't seen since October of 2015
I still wondering why so much money is going to come to btc
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I still wondering why so much money is going to come to btc
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Where do I start? It's an uncorrelated asset with asymmetrical returns. It has outperformed every major asset since it's creation. Basically, from a macro fund managers perspective, it would be irresponsible not to have at least a 1-2% exposure to bitcoin based solely on what I just said above. Custody has been one of the biggest reasons thus far why institutions are not in. That is slowly being remedied.
I heard that the next btc rally will happen when central banks start to buy btc masively. Do u agree with that?
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No. I don't think they will. Not for a long time anyways. The next rally will be driven primarily by institutions. Think pension funds, macro funds, etc. It's one of the few times where retail is in an asset before institutions. Plus when prices start going up retail will FOMO back in as well. I think we see bitcoin make new highs at some point within the next 2 years.
Wells, i hope you will right! Ty
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You and me both!
@remind-me on 1 Jan 2020 10:00
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That is also when the Tulip Trust supposedly becomes available...
Hey @yuriitonkov, I will notify you on January 1st 2020, 10:00:00 am (UTC)
Later! ( read more... )
Hi @yuriitonkov!
You asked me in this comment to create a reminder.
It seems the time has passed!
Let's go...