Currently, the legal corridor for cryptocurrencies in many countries is being improved. The crypto investment race is happening in the pioneer countries that accept cryptocurrencies, which are the US, UK, Japan, Korea, Singapore...
Businesses will find ways to stay out of the race by converting their assets to cryptocurrency.
I see Bitcoin and crypto being noticed and bought by big companies in the US from the end of 2020 until now. So by 2026, most businesses around the world may focus more on cryptocurrencies.
Topic: Bullish: 'Vast Majority' of Institutions Will Own Crypto by 2026: Fidelity - page 2. (Read 413 times)
August 08, 2021, 04:07:58 AM
August 07, 2021, 05:11:02 PM
It is not surprising news actually. Tesla helped many countries to start investing into Bitcoin. And companies are continuing to do so still. They want to try their luck and increase their investments in time. I think the reason why companies are investing into cryptocurrency is mostly this. If they didn't have any profit in this, they wouldn't bother making any investment.
This is bullish news also but this kind of news don't affect the coin prices too much anymore.
This is bullish news also but this kind of news don't affect the coin prices too much anymore.
August 07, 2021, 05:02:15 PM
If they are not already adopters of crypto, institutional investors certainly will be going forward.
There is no way that they will simply sit out of the best performing asset of the past decade. A lot of high frequency trading firms have already started making markets on crypto exchanges, and I anticipate more established entities to continue to expand their presence into the future (SIG, Optiver, etc.).
Also, wealth management firms should start recommending crypto as a viable alternative investment going into the future as well. No doubt about that.
I will not be surprised if the number of institutional investors is many times higher than what we think, after all we know that those people want nothing else but to obtain profits and what can be better than the fastest growing market in the entire world?There is no way that they will simply sit out of the best performing asset of the past decade. A lot of high frequency trading firms have already started making markets on crypto exchanges, and I anticipate more established entities to continue to expand their presence into the future (SIG, Optiver, etc.).
Also, wealth management firms should start recommending crypto as a viable alternative investment going into the future as well. No doubt about that.
It is going to be very interesting to see how the market evolves during the next months because I'm pretty sure that institutional investors have been putting a lot of money in this market, but a great deal of them do not really want to bring attention to themselves as they know that will make the price of bitcoin to go higher, and that is not something that they want as they are still building their stash.
August 02, 2021, 07:47:12 AM
One thing about this situation is that companies owning bitcoin doesn't matter, it only matters on how much bitcoin they own. Because at the end of the day if they just buy 100k worth of bitcoin then it will not mean much, but if they do it in 10 million that will mean a lot. What this means is that we need to convince companies not just make money from crypto, but also convince them to put most of their money into crypto as well, at least all of their cash reserves.
Many big companies are used to having huge sums of debt to grow bigger, I am not expecting them to do the same for bitcoin, they can't just get into debt just to buy bitcoin, that is not really a smart idea to go on for them, however they can put their cash reserves into bitcoin and when they want to grow their business instead of selling their crypto they could end up getting into debt, which is indirectly the same thing.
Many big companies are used to having huge sums of debt to grow bigger, I am not expecting them to do the same for bitcoin, they can't just get into debt just to buy bitcoin, that is not really a smart idea to go on for them, however they can put their cash reserves into bitcoin and when they want to grow their business instead of selling their crypto they could end up getting into debt, which is indirectly the same thing.
July 29, 2021, 11:26:48 PM
As the narrative of bitcoin has change, and so is our goal here. Bitcoin should be hold for long-term, well at least a year and then see how it goes for us. The problem is that many bet on the short and thinking that they can too earn huge money in short-term. But the better plan obviously, is to continue to stack and accumulate bitcoin and look in the future. Imagine +4 years from now, after the halving, we might be pushing for at least $500k that time.
Do you still believe that block reward halving will be having a large impact in 2024? It had a big impact in 2012 and 2016 (as we had significant rallies in 2013 and 2017). But the impact was more muted in 2020. The rally of 2021 was mostly attributed to other factors, such as acceptance by PayPal and Tesla. Mining output is at a lower level (<BTC1,000 mined per day nowadays) compared to what we had during the early days. Further reductions in the block reward will have some impact, but IMO they will be overshadowed by other factors.
July 29, 2021, 10:26:31 PM
This survey makes the argument stronger that if you join Bitcoin and think long-term, things will be good. If you forget about the huge corrections, bear seasons, 50% sudden fall in price, and so on and continue to HODL strong, things could never go wrong. The rise and fall of Bitcoin's price is seen close-up but if you zoom it out, everything is encouraging. With all the news, rumors, FUD, and the likes, I guess it is clear that there is still net positive about the future of Bitcoin. Adoption is getting stronger every single day.
As the narrative of bitcoin has change, and so is our goal here. Bitcoin should be hold for long-term, well at least a year and then see how it goes for us. The problem is that many bet on the short and thinking that they can too earn huge money in short-term. But the better plan obviously, is to continue to stack and accumulate bitcoin and look in the future. Imagine +4 years from now, after the halving, we might be pushing for at least $500k that time.
July 29, 2021, 10:12:27 PM
This survey makes the argument stronger that if you join Bitcoin and think long-term, things will be good. If you forget about the huge corrections, bear seasons, 50% sudden fall in price, and so on and continue to HODL strong, things could never go wrong. The rise and fall of Bitcoin's price is seen close-up but if you zoom it out, everything is encouraging. With all the news, rumors, FUD, and the likes, I guess it is clear that there is still net positive about the future of Bitcoin. Adoption is getting stronger every single day.
July 29, 2021, 06:49:05 PM
While surveys don't guarantee anything and this yet doesn't mean people should by like crazy, it is still a good reflection of the overall attitude. But it says by 2026, a lot can change in 5 years, especially if we take into account factors that aren't even dependent on society (for instance, like pandemic).
I think we can still expect many ups and dumps over this period, maybe we'll even see $30k, there's no telling. But there's no doubt that in the long term investors will win.
I think we can still expect many ups and dumps over this period, maybe we'll even see $30k, there's no telling. But there's no doubt that in the long term investors will win.
July 29, 2021, 09:13:06 AM
As usual, my take on anything that Fidelity, Morgan, Blackrock or any other of the large wealth managers is the same: If they say buy "x" means that they already have a position in "x". Bitcoin is not different, the institutions will have bitcoin as it will serve a purpose and will dump bitcoin like a bounty hunter if that is in their benefit. Bitcoin is what it is thanks to all the community and we should be wary of strangers as their recommendations are no better than those of a shark advising fish.
Therefore, we need what is called knowledge. At Whereat least it makes us not dependent on what is often suggested by trappers who only benefit each individual from the condition of his loyal followers. Not everything submitted by the advisors is suitable for your criteria, so the alternative is that we have to be much more mature in accepting the submission.
July 28, 2021, 11:02:49 AM
Unfortunately I think that most of them don't have a proper understanding of Bitcoin and - maybe for their own safety too - I expect that a majority of them will invest into Bitcoin indirectly, buying exposure related products like JPMorgan (and Fidelity too?) offers. But maybe I'm wrong...
I don't know why you guys seem to care about that. If they buy it through derivatives they increase demand anyway and drive up the price. A good part of the bull run we are in is being pushed by Grayscale.
If they buy derivatives their "participation" to Bitcoin economy is basically zero. If they buy derivatives they will not care to "accept Bitcoin", they won't see nor care what this (micro?) economy offers or needs.
Also keep in mind that Fidelity declarations are biased. It's in their own interest to get the price moving up.
Yes, it is better to keep in mind that. But it's not just in their interest, it's in ours too.
Clearly. I think that I've said this at least once: it's a Bitcoin forum here, it;s clearly that our declarations here is also biased and - back to the topic - right now Grayscale and our interests are somewhat similar.
July 28, 2021, 09:32:46 AM
this year alone will change a lot of things. the ATH will also play a very important role in it. imagine how all the FUD about bitcoin is going to look like soon when 1 bitcoin is worth half a million dollar and rising. the FOMO alone from people realizing how much they have missed out is going to be crazy and when they find out all those telling them the FUD have already bought a ton of bitcoin is going to be even crazier.
July 28, 2021, 08:26:08 AM
As usual, my take on anything that Fidelity, Morgan, Blackrock or any other of the large wealth managers is the same: If they say buy "x" means that they already have a position in "x". Bitcoin is not different, the institutions will have bitcoin as it will serve a purpose and will dump bitcoin like a bounty hunter if that is in their benefit. Bitcoin is what it is thanks to all the community and we should be wary of strangers as their recommendations are no better than those of a shark advising fish.
July 28, 2021, 04:43:14 AM
Investors care about profit, and since Bitcoin is the most successful asset (compared to, say, S&P 500), they will buy it even if they don't like it as long as it's financially promising. But make no mistake, they're not our allies and will ditch Bitcoin easily and cruelly if there are signs of trouble. So we'll have to get used to big companies putting in and out their huge investments, and I hope this won't hurt the market too much. What's good, though, is that the price will grow over bullish news like this, and that big players will lobby favourable regulations of the crypto industry because they won't want to pay too much in taxes or provide too many documents on their activities.
July 28, 2021, 03:23:38 AM
If they are not already adopters of crypto, institutional investors certainly will be going forward.
There is no way that they will simply sit out of the best performing asset of the past decade. A lot of high frequency trading firms have already started making markets on crypto exchanges, and I anticipate more established entities to continue to expand their presence into the future (SIG, Optiver, etc.).
Also, wealth management firms should start recommending crypto as a viable alternative investment going into the future as well. No doubt about that.
There is no way that they will simply sit out of the best performing asset of the past decade. A lot of high frequency trading firms have already started making markets on crypto exchanges, and I anticipate more established entities to continue to expand their presence into the future (SIG, Optiver, etc.).
Also, wealth management firms should start recommending crypto as a viable alternative investment going into the future as well. No doubt about that.
July 28, 2021, 01:17:52 AM
That's why it's a must for us institutional investors to buy right now and accumulate more along the way and save enough bitcoin so when the time comes when the surge of institutional investors pouring in their millions and billions in the market, we get to see our portfolio get all the profit that it deserves.
July 28, 2021, 12:43:28 AM
Surely the $30K we have seen recently will never be seen again.
OP, if that survey of institutional investors is correct, then that's definitely very bullish for crypto in general, but....it seems like I've read words like the above quite a few times over the course of the last few years, i.e., "we'll never see $X bitcoin again!". And yet after each of those statements I've found that I have seen bitcoin seeing $X again.Never say never when it comes to Bitcoin, $30k is not something to put in the past and say it will never happen again - not so long ago we were even at $65k, who then thought we would see prices below $30k again? Even if we reached $100k, a 70% correction would take us back to that zone - and we know that the corrections have gone up to 90% in the past.
I hear you, maybe it's a little early to say that the $30K we will never see again, but the people who said that the $10, $100 and $1K we would never see again got it right, didn't they?
In addition, the article talks about crypto and not necessarily bitcoin--and on top of that, who knows in what form those institutional investors plan on holding their crypto? It could be that they buy derivatives instead of actually holding bitcoin, ETH, or anything else in their own wallets.
Unfortunately I think that most of them don't have a proper understanding of Bitcoin and - maybe for their own safety too - I expect that a majority of them will invest into Bitcoin indirectly, buying exposure related products like JPMorgan (and Fidelity too?) offers. But maybe I'm wrong...
I don't know why you guys seem to care about that. If they buy it through derivatives they increase demand anyway and drive up the price. A good part of the bull run we are in is being pushed by Grayscale.
Also keep in mind that Fidelity declarations are biased. It's in their own interest to get the price moving up.
Yes, it is better to keep in mind that. But it's not just in their interest, it's in ours too.
July 27, 2021, 02:41:34 PM
According to the survey, 70% of institutional investors intend to buy or invest in digital assets in the near future, with over 90% of them planning to do so by 2026.
Unfortunately I think that most of them don't have a proper understanding of Bitcoin and - maybe for their own safety too - I expect that a majority of them will invest into Bitcoin indirectly, buying exposure related products like JPMorgan (and Fidelity too?) offers. But maybe I'm wrong...
Also keep in mind that Fidelity declarations are biased. It's in their own interest to get the price moving up.
July 27, 2021, 02:05:47 PM
If anyone still has doubts about whether it is worth buying and waiting at least until the next cycle, take a look at what a new survey from Fidelity Digital Assets says.
According to the survey, 70% of institutional investors intend to buy or invest in digital assets in the near future, with over 90% of them planning to do so by 2026.
We have seen entrepreneurs who were skeptical of Bitcoin years ago change their minds in the last year. If what the survey says comes true, and it looks like it will, it won't even be necessary to own a whole Bitcoin to achieve a certain degree of wealth.
Surely the $30K we have seen recently will never be seen again.
This is a really interesting survey, even if only 10% of those that said that they will buy bitcoin actually do so that will be more than enough not only to make the price to go up once again but also will serve as a way to solidify this market, and especially bitcoin not only as a store of value but as a currency that you can actually use.According to the survey, 70% of institutional investors intend to buy or invest in digital assets in the near future, with over 90% of them planning to do so by 2026.
We have seen entrepreneurs who were skeptical of Bitcoin years ago change their minds in the last year. If what the survey says comes true, and it looks like it will, it won't even be necessary to own a whole Bitcoin to achieve a certain degree of wealth.
Surely the $30K we have seen recently will never be seen again.
I wonder at that time if we will have more governments like El Salvador that will make it a legal tender as they finally understand that they cannot win the war against bitcoin and it is better to obtain benefits out of it while they can.
July 27, 2021, 01:11:16 PM
Why don't they buy now though?
They're still trying to understand the risk that it bears upon buying and they're calculating if it's going to be early and then the plummet comes, they're already into loss. Everyone of them knows that the market just went on high.And these are institutional investors know when to get in, they've been into investing and there's for sure a reason why they don't get in for now. I guess 2026 was a reasonable year to expect many of them getting in.
July 27, 2021, 12:12:21 PM
This is not a shocking result, I was already guessing that they were interested in one way or another and this is just another prediction of the same way. Obviously fidelity have more credibility than I do but for me I have as much as them since it is me and I am telling it to myself hence who can I trust more lol.
It is obvious that bitcoin and few other crpto currencies (but mainly bitcoin) have this power of being a better store of value, there are so many companies in the world who have cash reserves that they are not spending, cash in hand will lose value considering inflation so it should be spent some other way, some companies reinvest, some companies do something else, we are talking about bitcoin as an alternative to that and I honestly believe that companies are considering it as a valid option one by one, eventually reaching to a point majority will do that.
It is obvious that bitcoin and few other crpto currencies (but mainly bitcoin) have this power of being a better store of value, there are so many companies in the world who have cash reserves that they are not spending, cash in hand will lose value considering inflation so it should be spent some other way, some companies reinvest, some companies do something else, we are talking about bitcoin as an alternative to that and I honestly believe that companies are considering it as a valid option one by one, eventually reaching to a point majority will do that.
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