$2.2B x 12 = $26.4B
At $90 (ish), we're at a $1B market cap.
Prepare for 1 BTC = $2,376.00 within 12 months. And this is just with current demand - as the price continues to rise, more and more asset managers with even larger balances will be calling and requesting to invest in BTC. $2,376 is just the bottom end. O.O
Talk to your kids about extrapolation, before someone else does.
"Exante, a Malta-based asset manager, set up a Bitcoin fund last year that was largely intended as a fun punt. Wealthy investors each put in $1,000 when Bitcoins were trading at $13 on the understanding they could lose the original investment. Exante predicted that public and media interest would take off when Bitcoins were trading at $100. Managing partner Gatis Eglitis claims they are now getting 20 calls a day from large asset managers looking to invest up to $100m."
If anyone here truly believes that a $100MM inflow into BTC is forthcoming, then you have clearly never been involved in the due diligence process that would precede that type of investment. The liquidity issue is a real problem as is the systematic risk. In theory there are probably several money managers that would consider BTC. But if one scratches the surface, most will quickly see that the logistics would be next to impossible. This market moves erratically at low volumes.....
Not just Tradehill dark pool, there are many ways to buy offline, actually the "dark" market of bitcoin maybe larger than the "bright" one.
Good luck finding the millions of coins needed for institutional and large hedge fund investments without driving the price to absurd heights.
https://fastcash4bitcoins.com/
This little-known corporation alone has sold 250,000 bitcoins.
But yes, there is no reason the price would not be driven up many-fold. Why should they expect to get them cheap? There are only so many coins, and anyone holding a large percentage of them is a potential market manipulator.