/biz/ - Business & Finance

>>25171498
Paul Tudor Jones hedge fund, MassMutual, Square, MicroStrategy, Ruffer, PayPal, Guggenheim, Fidelity

>>25171498
>institutions are accumulating

>>25171498
Lurk moar then newfag.

>>25171525
Tossing out names isn't proof

>>25171572
What? They've all announced they've bought. Did you just get here? This has been going on since March.

>>25171572
google it faggot

>>25171525
Let's not forget Grayscale. Grayscale releases statistics on their purchases and on their customer base. 90% of Grayscale's buyers are institutional. Grayscale bought nearly $3B of BTC in the week ending 12/23.

>>25171572
You fucking retard, go look at the news media. Bloomberg Business News has dozens of articles out discussing the institutional adoption of Bitcoin if you don't want to trust CNBC or Cointelegraph.

>>25171663
OP is obviously NGMI with his butthurt nocoiner attitude.

I did some math yesterday. At current accumulation, the BTC/USD price has to rise over $50K to be in equilibrium with just the publicly disclosed ongoing U.S. institutional buying, not even counting the big one-time plays like MicroStrategy and MassMutual. And that's completely ignoring both anything international and anything retail.

>>25172112
that's it? that's fucking all?

>>25172463
You're NGMI. Also, you will never be a real woman.

>>25172112
All of that doesn't even add up to the market cap of a single blue chip stock.

>>25172463
>crypto mass adoption is here, institutional money is flying into BTC by the billions of dollars!

>that's it? that's fucking all?

you really are so goddamn stupid you deserve to stay poor.

>>25173033
Does anything bought less then a week ago add up to a blue chip stock mcap? No? Didnt think so retard.

>>25171498
this is a small list, saw a much longer one that includes hedge funds and smaller purchases like MassMutual. I think without a doubt the institutional meme is true.
However, that doesn't mean they won't de-risk and drop it like a hot turd if things get dicey. btc will be the first out the door. These guys don't make money from buying and holding they dump it on joe normie.
Fairly certain corrections will come and gambler CEO will get dumped on too.

Grayscale - the Celsius CEO said most of the btc isn't even accumulated on the open market. the vast majority is redeemed in kind - whales give their BTC to Grayscale, get a GBTC share, they sell the GBTC share and then buy back the bitcoin because of the GBTC premium. One the premium is gone, how do you think they'll generate volatility?

>>25173285
All these various announcements hyping institutional Btc is being promoted to influence people to buy in. If it served them to keep it secret...they would.

All these institutions agree it's speculative and would kill their own mother's for a dollar. So is coordinated dumping on the horizon to profit off the greater fools?

>>25172199
can you explain this math just a little further
i want to know how you arrived at this 50k figure

>>25173533
kek

>>25173511
>>25173285
>borrow a bunch of btc on leverage
>give to grayscale to redeem for gbtc
>sell gbtc at a premium
>arbitraged away gbtc/btc premium, so already in profit
next step is to correct btc downwards so you buy btc at a lower price to return to the lender at a discount

The institutions see a market with lots of stupid retail investors they can scam the shit out of. They are here to take your fiat. It’s that simple really.

>>25171572
You missed the boat asswipe

No institutions. Unless my ass qualifies as well for being able to make the air smell. Just a bunch of failing hedge funds that havent managed a gain in 15 years.

Like microshit strat, nobody touches their products, or gayscale, such a shitshow they have multiple law suits against them.

No there is not a single institution in buttcorn or crypto, unless my ass is an institution as well.

>>25173533
It's really not that hard.

GBTC has bought $1B/month since March (and bought $3B just from 12/16-12/23/2020). At $23.5K/BTC that is 40,000 BTC/mo being bought by Grayscale.

PayPal is buying 19,200/mo.

27,450 BTC are mined per month. That might vary by half a dozen blocks on either side but that's the target that the difficulty level adjusts to every approx two weeks.

59,200 / 27,450 = 2.157

2.157 * 23,500 = $50689

Note that that is just PayPig and Grayscale. PayPig only allows U.S. users to "buy" Bitcoin. International rollout is supposedly going to happen in 2021.

That doesn't count people buying through Coinbase, that doesn't count MicroStrategy's purchase of 80 days of Bitcoin mining in the last six months, that doesn't count any international buys, that doesn't count Gemini or Kraken or Bitfinex or BitMex or any of the others.

You can whine all you want that past results don't guarantee future purchases, but with Grayscale's purchase last week of three BILLION dollars of "crypto", the vast majority of which was Bitcoin, the trend only seems to be accelerating.

tl;dr: OP is a fucking moron and is going to die poor.

>>25174398
Yeah, you guys have been shrieking that since forever. Meanwhile I'm basically retired at this point because I've gotten an 80:1 return on my BTC purchases since 2015.

>>25174696
>2.157 * 23,500 = $50689
Just to note, that was the figure when I did the math yesterday. So, at the moment BTC/USD is 24,810. Which doesn't actually matter to the calculation, because it cancels out -- the number of BTC being purchased per month by Grayscale and PayPig gets reduced proportionately, and the multiplier for the final number increases proportionately. All that we care about is how many are being bought, how many are being sold, and the ratio of those to the current price.

In actuality, since Grayscale and PayPig aren't the only two buyers on the planet, the ratio and hence the target price is going to be much higher.

Also, if you look at the image of Grayscale's purchases that I posted in >>25172112 you will note that ETH is about 13% of BTC's purchase volume, and the rest are noise. BCH is LOL only getting 1/2%, Jihan Wu can suck it.

>>25171498
>Ultra high net worth asian men are accumulating

Does that sound more realistic?

>>25171572
You are fucking useless. He fed you the information on a silver platter for you to google and verify and you instead asked for him to fly the spoon like a plane into your mouth. You aren’t going to make it lazy faggot.

>>25171498
test

>>25174800
It would be the truth and a pretty bad sales pitch. But still better than permanently lying and endangering your investment pushing the muah institution bullshit lie

>>25171572
Jesus Christ some people on this board are absolutely retarded. Wipe yourself from the goddamn gene pool you pathetic moron

>>25174696
>2.157 * 23,500 = $50689
Just to note, that was the figure when I did the math yesterday. So, at the moment BTC/USD is 24,810. Which doesn't actually matter to the calculation, because it cancels out -- the number of BTC being purchased per month by Grayscale and PayPig gets reduced proportionately, and the multiplier for the final number increases proportionately. All that we care about is how many are being bought, how many are being created by mining, and the ratio of those to the current price.

In actuality, since Grayscale and PayPig aren't the only two buyers on the planet, the ratio and hence the target price is going to be much higher.

Also, if you look at the image of Grayscale's purchases that I posted in >>25172112 you will note that ETH is about 13% of BTC's purchase volume, and the rest are noise. BCH is LOL only getting 1/2%, Jihan Wu can suck it.

>>25174855
calling those companies institutions is retarded. You have some great self awareness for a shill

>>25175195
What do you think "institutional investors" are? Ford Foundation? IEEE? Black Lives Matturd?

>>25175671
An institution by the most basic freshman definition is; a multitude of organizations that work according to common norms and have the ability to influence their external environment. A random hedge fund, a single department of a university, some individual rich fag can by definition not be an institution, let alone an institutional investor as they are a SINGLE organization

the only instant were one could call Microstrat and company institutional is, if one would enter an esoteric part of institutional theory, and argue, that those companies are organizations, that might not be linked through common written norms, like a classic organizations that form institutions, for example, a multitude of departments that together form the institution of the executive; but are linked through epistemic norms, in this specific case the institutionalized narratival norms of cryptocurrencies/dlt, in which case those funds themselves still aren't institutions, BUT are engaging in an institutionalized activities, which would somehow, if one wouldn't take it too precisely, justify to call what they do institutional investing which would make them institutional investors, as the amounts they invest is able to influence the way the environment of the institutionalized dlt narrative sees crypto

But that is probably the most jewish way to get the argument through that a random hedge fund is an institution

>>25175728
Well, see, that's where you're wrong. See, words have meanings that everyone is supposed to learn so they can communicate concepts to each other.

When you just pop in and start shitting on something by making up a nonsensical definition that has nothing to do with the meaning that LITERALLY EVERYONE ELSE ON THE PLANET USES, you show yourself to be one or both of two things: (1) a complete dumbfuck, and/or (2) a shill for some particular viewpoint.

> An institution by the most basic freshman definition is; a multitude of organizations that work according to common norms and have the ability to influence their external environment. A random hedge fund, a single department of a university, some individual rich fag can by definition not be an institution, let alone an institutional investor as they are a SINGLE organization

And yet "institution" is SINGULAR, you stupid shit.

So, let's go with reality instead of whatever you're faking up in realtime to try to shit on things you don't understand:

https://en.wikipedia.org/wiki/Institutional_investor
>An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include banks, credit unions, insurance companies, pension funds, hedge funds, REITs, investment advisors, endowments, and mutual funds.

So, that means outfits like Guggenheim Funds, which has allocated $500,000,000 to purchase Bitcoin.

That means outfits like MassMutual, one of the oldest insurers in the U.S., which allocated a bunch of money to buy Bitcoin a few weeks ago.

That means Wall Street firms like Grayscale, which runs listed investable trusts and funds.

That even means PayPig, which manages transaction processing across most of the globe.

>quoting wikipedia as evidence
if you would have had at least used the sources used by the shills that wrote that wiki article.
Pathetic

>>25175892
>esoteric part of institutional theory, and argue, that those companies are organizations, that might not be linked through common written norms, like a classic organizations that form institutions, for example, a multitude of departments that together form the institution of the executive; but are linked through epistemic norms
>blah blah blah
You don't even know what half those words mean, you're just throwing around big words in the hope of sounding smart. Also, some of your phrasing is decidedly non-native-English-speaker, I'm guessing some sort of slavshit, probably Russian.

Anyway, Ivan, feel free to troll all you want. I've posted my analysis, people can read it and think about it, and all you've got to counter that is a bunch of made-up nonsense where you reassign your own fake confusing "meanings" to words that literally everyone else with a brain knows mean something specific and well-understood.

>>25176055
Well feel free to look up the definition on any other real source's website instead of just making up your own shit. Wikipedia's is pretty standard, and I used it because it's on your level (really, quite a bit above your level).

What you're NOT going to find (unless you edit Wikipedia to change what's on that page) is anything resembling the word salad that you wrote.

>>25174696
>>25175039
Thankyou for the effort post anon, it's funny, this post has actually given me the greatest feeling of fomo out of everything bitcoin maxi related (I'm currently all in on well playing alts)

>>25176162
>wikipedia is standard
>t.mongoloid

>>25176365
>everyone should use the ridiculously stupid fake definition I just made up instead
waaaaaaaaah

>>25176170
Hey no prob. Just look at the BTC dominance percentage on any of the sites that give it; Bitcoin is slowly eating up the entire market. It was at 61% only a couple of weeks ago, now it's at 69% (CMC's calculations).

>>25176531
defining terms is a power struggle. But when capitalists start to use communist playbook tactics regarding terms, they are ultimately destroying the underpinning of their profit margins. And the funny part, it only takes a few actors, not even an organization inside a real institution to end your industry.

>>25176630
Oh, that explains it, you're a retarded communist.