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Crypto currency (IF banned from CA)


Efcjake said:
I'd say we are getting close.

Your average everyman with very little financial savvy have already made it into the market.

It's the equivalent of Joseph Kennedy hearing stock tips from shoe shine boys and knowing it was the right time to pull out of the market.
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Yes, it has certainly felt that way over the past six months or so, but I recall Zhu Su making the point that 'retail' buyers make up a fraction of the total liquidity (roughly 15%) within the market.

You've seen macro funds move into the space at a rate of knots, once ETFs are eventually granted you'll (supposedly) see more and more wealth management portfolios allocating a percentage of their holdings into BTC and ETH. Alongside that, you may see central banks add bitcoin to their reserves and more major businesses add it to their balance sheets, because the opportunity cost of not hedging against its success will be too great.
 
Gabagool said:
Yes, it has certainly felt that way over the past six months or so, but I recall Zhu Su making the point that 'retail' buyers make up a fraction of the total liquidity (roughly 15%) within the market.

You've seen macro funds move into the space at a rate of knots, once ETFs are eventually granted you'll (supposedly) see more and more wealth management portfolios allocating a percentage of their holdings into BTC and ETH. Alongside that, you may see central banks add bitcoin to their reserves and more major businesses add it to their balance sheets, because the opportunity cost of not hedging against its success will be too great.
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My perspective is that the market has been open to investment for a long time and anyone who wanted to get in to bitcoin already has at this point.
 

nikom court said:
I love these crashes when the crazies who said bitcoin was going to zero when it was 3 figures come out the woodwork and try to claim some victory when it's 34k?
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You're just shadow boxing yourself because you don't want to admit that if everyone had followed El Salvador they would be showing paper losses of 31% today.

Keep buying the dip and whispering "ATH coming soon" to yourself.
 


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