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Topic: Breaking news: Skybridge Invested $25 million in Bitcoin (Read 294 times)

newbie
Activity: 42
Merit: 0
More and more companies are investing in bitcoin. With each such news, confidence in bitcoin only increases.

I agree with you, btc now is very attractive environment for attractive investment environment.
sr. member
Activity: 1666
Merit: 268
It's always nice to know that more and more big companies are starting to invest in Bitcoin, so now the price of Bitcoin continues to skyrocket.
And I am optimistic that in 2021 there will be more companies investing in Bitcoin, so never stop collecting Bitcoin. And also don't sell the Bitcoin
that we have too early, because the price of Bitcoin will go up to a price that we will never expect. I firmly believe Bitcoin will never let us down.
sr. member
Activity: 1918
Merit: 370
This sounds both as good and bad news to most people at this forum. For one, it is great news considering the fact that bitcoin is be oming more accepted and being integrated even in these big companies. It alsp comes as a bad news as more and more of these companies buyout huge amounts of bitcoin, they effectively make themselves whales that will be able to make the market dance at the palm of their hands whenever they please, however they want.
sr. member
Activity: 1092
Merit: 254
After the success spending of $1.1b on Bitcoin this year 2020. Microstrategy now holds 70,470 Bitcoins. Scaramucci of skybridge credited “Michael Saylor" CEO Microstrategy for inspiring him to start his Bitcoin funds, which he invested $25million on Bitcoin recently.

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?

Let us share our thoughts, Thank you.

Source: https://www.coindesk.com/scaramuccis-skybridge-invested-25m-in-new-bitcoin-fund?amp=1&__twitter_impression=true

Personally I liked this news. It looks like not ordinary investment, they do not just invest some large amount, but according to the article they build something interesting and perspective for the users and as for the statement of  Scaramucci that Skybridge is running a full bitcoin node, it shows us their serious intentions. In my opinion Bitcoin nowadays attracts attention of lots of serious investors and people who want to build something for long term. So it looks like Bitcoin is going to be a really attractive trend in the nearest future.
jr. member
Activity: 307
Merit: 1
They are putting some large amount of money here therefore it can surely help the market to grow in price and in capitalization but with regards to bullish trend, this hype is not yet enough to push it to another level but if there will be more big investors that will follow their steps then it will surely trigger the bullish trend.

But right now, the bitcoin is in good condition already as it was able to break it's record and created a new ATH already while it continous to surge it's price and dominance to other currencies because if I am not mistaken it is the highest dominance that I see as btc dominance is sitting at 67.9% as of this moment.
full member
Activity: 1890
Merit: 101
After the success spending of $1.1b on Bitcoin this year 2020. Microstrategy now holds 70,470 Bitcoins. Scaramucci of skybridge credited “Michael Saylor" CEO Microstrategy for inspiring him to start his Bitcoin funds, which he invested $25million on Bitcoin recently.

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?

Let us share our thoughts, Thank you.

Source: https://www.coindesk.com/scaramuccis-skybridge-invested-25m-in-new-bitcoin-fund?amp=1&__twitter_impression=true
^ one by one, many have become interested in investing their funds in Bitcoin. which made me curious, at what price /Bitcoin he started buying. If he buys at the current price, I worry he will lose a lot of capital when the market corrects.
legendary
Activity: 4228
Merit: 1313
After the success spending of $1.1b on Bitcoin this year 2020. Microstrategy now holds 70,470 Bitcoins. Scaramucci of skybridge credited “Michael Saylor" CEO Microstrategy for inspiring him to start his Bitcoin funds, which he invested $25million on Bitcoin recently.

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?

Let us share our thoughts, Thank you.

Source: https://www.coindesk.com/scaramuccis-skybridge-invested-25m-in-new-bitcoin-fund?amp=1&__twitter_impression=true

I don't know why they would wait that long, e.g. until the next halving.  If they are convinced of the value of bitcoin, they'll do it sooner vs later. 
hero member
Activity: 2590
Merit: 644
^ I don’t really believe that the influence really came from Microstrategy.
At their status in finance, influence is almost absent in every decision they make. They do things with their own data and records.
I probably guess it’s a move they start because they speculated something to happen based on their research. Nevertheless, I hope there are more big investors that keep coming in crypto and continuously adopting bitcoin to be used in any business industry all over the world.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
the thing is that a lot of other big investors have been buying bitcoin for a long time now. for example the same news existed back in 2018 and 2019 too but the only difference is that people didn't want to believe bitcoin is going to be worth a lot more than it was worth back then so they ignored all of it. consequently news sites didn't report on it because they always report stuff that can get more traffic not what matters!
but now that the new ATH is being set every week everyone is suddenly interested in what other big players are doing.
full member
Activity: 798
Merit: 100
I have guessed that in 2020, the increase in bitcoin will definitely have large investors attending. and it is proven that now Skybridge invests a lot of money in bitcoin, so I think this is proof that bitcoin is increasingly trusted by large investors
legendary
Activity: 3122
Merit: 1032
#1 VIP Crypto Casino
More and more companies are investing in bitcoin. With each such news, confidence in bitcoin only increases.

When its big companies that are worth Billions of dollars it is very satisfying to read this kind of news.  Even if its a company I do not know of.

If these people with tons of wealth are confidence in Bitcoin then that makes me even more confident.
full member
Activity: 1820
Merit: 107

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?


Honestly, we dont know yet, But everyone can speculate about it. the next Bitcoin Halving is in 2024 and thats three years from now and we can say that many things shall happen during that time span, whether it's positive or negative.
But one thing is clear now that the mainstream investors are already riding in Bitcoin popularity thats why we can expect more institutional players will join the crypto bandwagon along the way.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
This is a good news, more institutional investors will be pouring in their money to buy bitcoin. They will be the bubble that will cause the crash in my opinion, as more whales goes in, the prices jump and when the time comes to sell, they will all leave the individual hodlers under the bus. There will be no halving to save them and winter will soon be coming.
legendary
Activity: 2436
Merit: 1362
After the success spending of $1.1b on Bitcoin this year 2020. Microstrategy now holds 70,470 Bitcoins. Scaramucci of skybridge credited “Michael Saylor" CEO Microstrategy for inspiring him to start his Bitcoin funds, which he invested $25million on Bitcoin recently.

Could this help the market capitalization and trigger a bullish trend? If after the next halving in 2024, do you think more companies will join the likes of Microstrategy and Skybridge to take invest on Bitcoin in a large amount?

Let us share our thoughts, Thank you.

Source: https://www.coindesk.com/scaramuccis-skybridge-invested-25m-in-new-bitcoin-fund?amp=1&__twitter_impression=true

Yes is the answer to all the Q's!

Michael Saylor / Microstrategy's has invested that anount of $'s and is an exame and influence to other large investors looking for a secure guaranteed place to store their wealth.

All the publically listed companies have to seek approval from the SEC in the U.S and this takes months, so whom ever applied this month to buy BTC wont actually buy until the middle of next year.

Private companies can buy whenever they want and unlike public companies DONT have to make their purchase public!

We will see an influx of new investment before 2024
hero member
Activity: 1652
Merit: 569
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Well like I said before big companies jumping into BTC is a big boost and eventually the price will go up, those who wanted to live a lavish lifestyle join BTC club I mean buy as much as you can. I would say this could be your best decision of life.

Many positive news about BTC are pouring which means it's gradually growing and has a bright future now guys take call before losing an opportunity.
hero member
Activity: 2184
Merit: 531
This is becoming a trend among rich people and this is good. They are looking at each other when it comes to investments and don't really care about us little people.

When a random person becomes a millionaire thanks to bitcoin it's a big thing for other random people but not for millionaires, but when one of them invests and jumps up a couple points in Forbes 100 thanks to it it's a big deal.

You can expect more rich people to at least wet their feet now.
legendary
Activity: 2576
Merit: 1860
It certainly adds to the rising market capitalization of Bitcoin but it does not trigger a bullish trend. We are currently on a bullish trend and Scaramucci of Skybridge is actually the one triggered by it, with the instigation of Michael Saylor of Microstrategy, of course.

You don't actually have to wait for the next halving for more companies to invest in Bitcoin. It is already happening right at this very moment. It is, in fact, one of the main reasons why the price is fast rising. This kind of news will become more common these days.
legendary
Activity: 3178
Merit: 1054

after seing how bitcoin could drop below 40% after a bullrun, the institutions will really be careful when to buy btc because it might start the bear market which they dont want to happen after investing.

skybridge onboarding is good but lets see when the rapid jump starts because altcoins are still not pumping.
hero member
Activity: 2702
Merit: 672
I don't request loans~
I swear these breaking news would become daily news after a few years in quite a natural fashion. But on another hand, this is pretty good news naturally, for both Bitcoin and the community who are wishing for Bitcoin to be properly integrated into the world. This could also be pretty good news for the market since investments could possibly make the price go up, or at the very least make its price stable at the current level. At this point though, it's just a matter of when other companies are actually going to invest since I'm pretty sure everyone would follow suit sooner or later.
legendary
Activity: 3024
Merit: 2148
At this time, when companies invest hundreds of millions in Bitcoin, $25 millions is nothing remarkable. We might even see someone purchasing $1 billion in very short time, as Microstrategy already owns more than $1 billion worth of coins.

We've always known that bitcoin will eventually be adopted by across the globe. What we didn't know is how long it will take. Majority of companies, if not all, will eventually follow suite and adopt bitcoin.
However, it is noteworthy to know that reputable companies such as Microstrategy and Skybridge adopting bitcoin now will help speed up the process of mass adoption as several other companies will be inspired to follow their example just as Skybridge was inspired by Microstrategy. Believe me, at this rate of adoption, I won't be surprised if bitcoin becomes the world's currency as early as 2023

They are adopting Bitcoin as a reserve asset, or maybe just as speculative investment, as we are yet to see them hodl Bitcoin through a crash. Adoption as payment method is still not making any big progress, though there is some chance that adoption as investment might open the path to it.
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