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Topic: Another institutional investment firm is getting involved in bitcoin. (Read 308 times)

jr. member
Activity: 70
Merit: 1
yeah, the institutions are keenly interested in BTC nowadays which is becoming centralized instead of decentralized. Without any doubt, more institutions will also jump in too which will make it a capitalized crypto.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
We've heard of them before, I think that was last year and then they've pulled out with the proposed ETF.

Scarcity and high prices may soon become out of reach of the general public and may only be available to wealthy individuals or companies.
What do you think?
No. It won't be like that. Bitcoin isn't like that and it's free for everyone as long as you want to buy it and you actually do it. Don't let all of the institutions take all the bitcoin in the circulation. It's why as early as you can, buy and accumulate for your own.

yes right, and therefore it would be nice for each institution to be given a limit in making bitcoin purchases. to balance the consequences of trading. although there is a buying and selling cycle, it is manageable and results in manipulation of the trading volume level.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
Well i guess their timing is right, enough dip for them to dive in, maybe their coming will help change the direction of price if they are ready to buy a shit load of btc Wink lol!
anyways, good thing institutions are showing more interest on btc and crypto, i will assume it will be for the benefit of the crypto space at large.

With more whales trying to get in to the cryptocurrency game, I think that they are vying for control with their little own bubbles. The good thing about this is that, a dump will only be a dent for the overall price of the market which is a good thing for small hodlers. I agree that it is a benefit for crypto space and hopefully that this institutional adoptions become a catalyst to make a crypto integrated mainstream economy.
member
Activity: 518
Merit: 21
I can say that they should wait after the ATH for bitcoin before investing in something like bitcoin or even other altcoins as well. Cryptocurrency is good as a means of reserve asset to fiat currency where it could beat the inflation rate that are hitting the fiat currency nowadays especially now that we are in pandemic. Anyway, if they will still going to pursue with the current for bitcoin then that would not be a problem at all. We know how bitcoin grows from time to time and they can expect a good return to it over a period of time when they will hold bitcoin.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
An american investment company VanEck($49B AUM) is launching bitcoin exchange-traded note on German exchange Xetra.
 https://decrypt.co/49488/49-billion-fund-manager-launches-bitcoin-etn-in-europe
More institutional money is flowing into bitcoin market with growing capitalization and adoption among the rich. Scarcity and high prices may soon become out of reach of the general public and may only be available to wealthy individuals or companies.
What do you think?

The grow of bitcoin will be caused by the money from the institutional investors and the new crypto users will help to create hype for bitcoin. Imagine when the billionaires will be joining in bitcoin. this will be pumping the price of bitcoin and as you said above only the company or billionaires can afford to buy a big quantity of bitcoin.

The only god thing that we have satoshi that will make everyone can still buy bitcoin even in a very small quantity like 0.0001 satoshi.  Cheesy
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
We've heard of them before, I think that was last year and then they've pulled out with the proposed ETF.

Scarcity and high prices may soon become out of reach of the general public and may only be available to wealthy individuals or companies.
What do you think?
No. It won't be like that. Bitcoin isn't like that and it's free for everyone as long as you want to buy it and you actually do it. Don't let all of the institutions take all the bitcoin in the circulation. It's why as early as you can, buy and accumulate for your own.
hero member
Activity: 2828
Merit: 518
Well, let's welcome them and let them invest in Bitcoin. We are into expecting massive adoption therefore to see rich people, the institutional group had likely to see coming and buying cryptos now. This never makes the supply of Bitcoin turns into scarcity for the reason that not Bitcoin is not controlled by a single person, some do selling while others also buying, that is the life cycle in Bitcoin.
sr. member
Activity: 1092
Merit: 254
An american investment company VanEck($49B AUM) is launching bitcoin exchange-traded note on German exchange Xetra.
 https://decrypt.co/49488/49-billion-fund-manager-launches-bitcoin-etn-in-europe
More institutional money is flowing into bitcoin market with growing capitalization and adoption among the rich. Scarcity and high prices may soon become out of reach of the general public and may only be available to wealthy individuals or companies.
What do you think?


May be it is not bad that different institutions are interested in Bitcoin, and not only show their interest, but even really implement Bitcoin into their activities. But what about this situation and the US investment company, the key words for me in this article were :"The product will be traded on the German bourse Deutsche Börse Xetra", not in the USA. Everything is not bad at first glance, but nevertheless the priduct will be traded via the company of another country. For me it says about lots of things.
sr. member
Activity: 1848
Merit: 341
Duelbits.com

More institutional money is flowing into bitcoin market with growing capitalization and adoption among the rich. Scarcity and high prices may soon become out of reach of the general public and may only be available to wealthy individuals or companies.
What do you think?


it cannot be denied if something like this has happened. when the value of bitcoin is large, it can only be purchased by those based in large companies. The general public only buys 1/10 of the total bitcoin price, so it's obviously difficult to make big profits. In contrast to companies that distribute funds in bitcoin. we will be overwhelmed if the company is left arbitrarily without a purchase limit.
sr. member
Activity: 873
Merit: 268
Another few fresh millions in the industry are always good
hero member
Activity: 2114
Merit: 603
An american investment company VanEck($49B AUM) is launching bitcoin exchange-traded note on German exchange Xetra.
 https://decrypt.co/49488/49-billion-fund-manager-launches-bitcoin-etn-in-europe
More institutional money is flowing into bitcoin market with growing capitalization and adoption among the rich. Scarcity and high prices may soon become out of reach of the general public and may only be available to wealthy individuals or companies.
What do you think?


It doesn't matter how much bitcoin price goes upwards since you can still buy bits of the bitcoins and that's enough for us.

I mean it's about your outlook how you use bitcoin. If you want to spend 5 bucks on something then you just pay 5 bucks worth of bitcoins. Obviously you don't need to have whole bitcoin in your purse.

Whether its 50k or 100K USD per bitcoin in the future, things won't change for normal user.

Moreover, if you are investor then also same formula applies. If you can only spend let us say 10K USD on bitcoin then you spend only that much and wager it for your profit. Rise in the prices will get you profits and stuff but it won't hamper your way of investing money.

legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
While it's good in one way that the market is unregulated and decentralized but isn't it acting as a bane since corporations are possessing more number of bitcoins.
Decentralization does not mean equality of division, it means each holder is not subject to the regulations of a third party and all network decisions depend on consensus.

Though it has increased the price of bitcoin lately, just think how easy it will be for corporations holding huge amounts of BTC to manipulate the market in future.
Manipulating bitcoin is not as simple as holding a large number of it, it also depends on the market reactions. There has been cases of whales trying to dump the price by selling low and ended up losing their bags with no market reaction, that was years ago and today the market is a lot more mature. Even if all large holders could somehow meet up and decide to dump the price, it would still be a huge risk on their part as they could easily lose out.

A decentralized cryptocurrency will only be utilized more appropriately when it is truly distributed. Few people holding majority of the coins moves bitcoin towards centralization.
I wonder how will we tackle this situation
There is no situation to tackle; a free market allows everyone access to hold amounts they can afford. Setting rules to limit how much someone can hold would be a form of regulation.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
I have never wanted all these institutions to be part of this, I just wanted normal who likes Bitcoin and wants to make use of it and will also be using it for steady transactions, and not big institutions buying up more than half of the number of bitcoins available and just storing them away in their private wallet.
One feature of a free unregulated market is that it is open to everyone with no minimum entry requirement or legal documentation. So there's no way to stop any group of investors from buying, so called institutional investors have been arguably restricted from investing except through funds and bonds, but nothing really stops them from holding private wallets and transacting pseudo anonymously.

The up side is the market is unregulated and everyone can use it for what they wish, and you choose whether to sell to the big cooperations and which price.
While it's good in one way that the market is unregulated and decentralized but isn't it acting as a bane since corporations are possessing more number of bitcoins.
Though it has increased the price of bitcoin lately, just think how easy it will be for corporations holding huge amounts of BTC to manipulate the market in future.
A decentralized cryptocurrency will only be utilized more appropriately when it is truly distributed. Few people holding majority of the coins moves bitcoin towards centralization.
I wonder how will we tackle this situation
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
Institutional investments in bitcoin are recorded on Bitcoin Treasuries and the discussion is lively with Bitcoin Treasuries topic that is managed by @fillippone

I don't care much if those institutional investment is receiving fund from customers and use those fund to buy bitcoin for customers. It does mean not all of those bought bitcoin from institutes will be sold at the same time. Not all customers of one institute will decide to sell their bitcoin on one day.
hero member
Activity: 2842
Merit: 772
For the record though, they are not new in the market, VanEck, SolidX to Offer Bitcoin ETF-Like Product to Institutions. They have been applying for a bitcoin ETF long time ago, but we all know that SEC keeps rejecting this, that's why VanEck decided to go to the German market and have them approved a Bitcoin ETN.

And it's not a direct buying/selling of bitcoin though, so I don't know if this could influence the price of bitcoin as investors are not going to directly own any bitcoin.
legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
There is a detailed thread on this topic already in the Economics section - Van Eck Launches a Bitcoin ETN on Xetra

I have never wanted all these institutions to be part of this, I just wanted normal who likes Bitcoin and wants to make use of it and will also be using it for steady transactions, and not big institutions buying up more than half of the number of bitcoins available and just storing them away in their private wallet.
One feature of a free unregulated market is that it is open to everyone with no minimum entry requirement or legal documentation. So there's no way to stop any group of investors from buying, so called institutional investors have been arguably restricted from investing except through funds and bonds, but nothing really stops them from holding private wallets and transacting pseudo anonymously.

The up side is the market is unregulated and everyone can use it for what they wish, and you choose whether to sell to the big cooperations and which price.
legendary
Activity: 2702
Merit: 4002
You were not accurate in publishing the details of the news report], as the launch does not include direct trading (buying and selling) in Bitcoin, but rather betting on price movements.

Quote
The Bitcoin ETN will allow investors to gain exposure to, or bet on the price movements, of Bitcoin—as opposed to buying “spot” Bitcoin on unregulated crypto exchanges and having to deal with security, regulatory, and storage issues.

There is no liquidity that will flow into the cryptocurrency market, but more people who only want to profit from price movements and do not care about the decentralized nature of this currency.

It would be a good move for traders and investors.
legendary
Activity: 1134
Merit: 1598
Very well! It just couldn't get better than this because when institutions start investing in Bitcoin, it is definitely a sign of trust in the digital asset coming from an important place of power.
Or a sign that corporations and the other 1% (the wealthy) have found a way to potentially defeat us. If there's something I really don't trust, it's that the wealthy do stuff to supposedly help something. They do something they could benefit from the results themselves.
sr. member
Activity: 2030
Merit: 323
These institutions keeps on buying lots of bitcoins and packing up in their wallet, this doesn’t seem really good to me. And right from time I have never wanted all these institutions to be part of this, I just wanted normal who likes Bitcoin and wants to make use of it and will also be using it for steady transactions, and not big institutions buying up more than half of the number of bitcoins available and just storing them away in their private wallet.

Although I know that there are people who have so much wanted institutions to be part of this as they claim it’s the way forward, but the truth is that these are some greedy fellas who wants institutions to invest huge money and pump the price so they too can make money.
copper member
Activity: 107
Merit: 3
Very well! It just couldn't get better than this because when institutions start investing in Bitcoin, it is definitely a sign of trust in the digital asset coming from an important place of power. Again when such massive organizations choose to invest a certain percentage of their liquid assets into crypto it will undoubtedly create a path for high-profile individuals and even smaller businesses will follow suit.

The more people invest in BTC and use cryptos in their transactions, the more the value of BTC will rise.
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
Well i guess their timing is right, enough dip for them to dive in, maybe their coming will help change the direction of price if they are ready to buy a shit load of btc Wink lol!
anyways, good thing institutions are showing more interest on btc and crypto, i will assume it will be for the benefit of the crypto space at large.
sr. member
Activity: 652
Merit: 321
There's a massive supply shortage - a couple million BTC is up for grabs on the open market.

At this point $100k per coin is so unbelievably inevitable.

If this bull cycle hits $300-400k, it's still small in the grand scheme of things.

Things are about to get crazy. I can't wait until more people question the money; they're going to see the truth - fiat is a scam. It is the greatest deception in history. Taxes are only 1/10th of the theft, it goes deep.

Governments are main reason Bitcoin will moon.
jr. member
Activity: 35
Merit: 3
An american investment company VanEck($49B AUM) is launching bitcoin exchange-traded note on German exchange Xetra.
 https://decrypt.co/49488/49-billion-fund-manager-launches-bitcoin-etn-in-europe
More institutional money is flowing into bitcoin market with growing capitalization and adoption among the rich. Scarcity and high prices may soon become out of reach of the general public and may only be available to wealthy individuals or companies.
What do you think?
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