Topic: Do you think Institutions secretly HODL Bitcoin? - page 6. (Read 2498 times)
JP Morgan hodls a few coins. ironically they also "manipulated" with statements. But i mean its an unregulated market - no rules, no referee. perfect for banks
It is very possible for some institutions to be hodling bitcoins. I have read in some posts where it was even alleged that North Korea and Russia may even be hodling some bitcoins in order to evade possible US sanctions or none access to the US dollars.
It's a state strategy which in my opinion cannot be discussed here because there are many state secrets that must be kept to avoid the war that will occur.
It is very possible for some institutions to be hodling bitcoins. I have read in some posts where it was even alleged that North Korea and Russia may even be hodling some bitcoins in order to evade possible US sanctions or none access to the US dollars.
That's very true, institutions are secretly buying into bitcoin and holding them for a very long time. The reason why most of their huge purchases go unnoticed is because they don't buy on exchanges but purchase their bitcoins from over the counter platforms such as Coinbase.
Maybe there are also big companies that are accumulating bitcoin, but it could be out of the books, or maybe the owner only is doing it.
It does not need to be on the books and moreover they would never be on the books because the owners will end up making a front page story "such and such is buying bitcoin!" title and that would make the market too much manipulated. These leaks happen at times and I am sure you would correlate them with news articles.Quote
This is an opportunity and this business minded people are successful because they know how to spot opportunity.
Thats how the rich remain rich and poor remain poor. They know how to make money and they will release bits of the bullish news when they need so as to control the market and make it dump again. Its all a part of their game but how far they can influence the market is still a big mystery. Although it can be safely accepted that the government is run by the big institutions and not by politicians which is why they will always be able to make money. 
In many of the countries the tax laws regarding Bitcoin and other cryptocurrency is very vague. If any of these institutions go for crypto investments, then they will be required to put a lot of time and effort in studying the tax and audit formalities. This can discourage most of the companies. Exceptions may be found in countries with crypto-friendly governments, such as Japan and Germany.
Because their purpose is to avoid auditing of tax obligations? I think that might happen right? each institution in each country has an obligation to report any income that goes to the financial audit agency so that they can request appropriate tax. and the institution can falsify it by saving their income in crypto? 
i remember the news about some big companies that started to invest in bitcoin about 1 and a half years ago during that bull run. that time bitcoin was really very popular and so many people were interested in.
Every time is good for crypto currency I know it is famous and people love to invest money in crypto currency, it is beneficial for everyone, I have seen so many companies who are using it and holding so better if we invest and gain profit as they are getting, recently come popular and famous institutes have shown interest to purchase some bitcoins.This is an opportunity and this business minded people are successful because they know how to spot opportunity.
Big financial institutions have to report on their investments, and I don't think they would legally be able to keep it a secret if they were investing in bitcoin. I don't think their investors would be very happy if they did in the event that bitcoin crashed and the institution lost a lot of money.
Pension funds and regulated funds are not allowed to hold bitcoin or any cryotocurrency. They can only hold approved assets.
However hedge funds can do what they want, and I suspect as part of their hedging and diversification strategy they hold some bitcoin, especially as it is not correlated with other assets.
i remember the news about some big companies that started to invest in bitcoin about 1 and a half years ago during that bull run. that time bitcoin was really very popular and so many people were interested in.
Every time is good for crypto currency I know it is famous and people love to invest money in crypto currency, it is beneficial for everyone, I have seen so many companies who are using it and holding so better if we invest and gain profit as they are getting, recently come popular and famous institutes have shown interest to purchase some bitcoins. The biggest purchases of bitcoins were made outside of cryptocurrency exchanges, a huge number of bitcoins are stored in cold wallets, apparently this is a long-term hold to which the largest players have preserved.
This is correct. The OTC volumes that never got traded on listed exchanges are the reason why the market capitalization of coinmarketcap is considered faulty and not something to rely on when doing trades. The real market capital is more than that listed there. We all know that whales dont want to show their information while buying loads of coins so they prefer to do OTC deals with trusted dealers and these are mostly dont in darknets where you cant trace every other information unless you are tracking them on their devices.These wallets also become the source of panic when coins move from them so its better to take all this information with a large amount of salt.
In many of the countries the tax laws regarding Bitcoin and other cryptocurrency is very vague. If any of these institutions go for crypto investments, then they will be required to put a lot of time and effort in studying the tax and audit formalities. This can discourage most of the companies. Exceptions may be found in countries with crypto-friendly governments, such as Japan and Germany.
i remember the news about some big companies that started to invest in bitcoin about 1 and a half years ago during that bull run. that time bitcoin was really very popular and so many people were interested in.
One way to find out is to check their financial statements, specially those companies in which their stocks are traded publicly
I think we would have already known this by now
As it would be public knowledge within minutes after they disclosed such information. It would make a sensation and I think many preying eyes are perusing these statements on a daily basis. However, I don't think we are actually going to see something like that in the foreseeable future, at least not until these institutions are officially allowed to buy Bitcoin or Bitcoin derivatives (whatever those might be) and they are not so far. Opening position in crypto without being allowed to and then declaring it would be a suicide act
They definitely do. They know all of the opportunities both offline and online. So it is expected for them to be secretly investing in bitcoin and holding them for long term because they know the profit margin from investing in bitcoin is high. They just keep it secretly because they don't want to let the people know that they are supporting bitcoin.
One way to find out is to check their financial statements, specially those companies in which their stocks are traded publicly.
Coz the regulators are very critical about their financial reports disclosure. Otherwise, ask the SEC to have a copy of their FS.
My thoughts, some are holding it but by a minimum amount of percentage to their assets, percentages that they can afford to loss.
Coz the regulators are very critical about their financial reports disclosure. Otherwise, ask the SEC to have a copy of their FS.
My thoughts, some are holding it but by a minimum amount of percentage to their assets, percentages that they can afford to loss.
The biggest purchases of bitcoins were made outside of cryptocurrency exchanges, a huge number of bitcoins are stored in cold wallets, apparently this is a long-term hold to which the largest players have preserved.
Big financial institutions have to report on their investments, and I don't think they would legally be able to keep it a secret if they were investing in bitcoin.
They can keep it a secret in one of their offshore branches where they're not required to report on anything
(Just like they do with the US dollar.)
Yes. There are instructions that are holding bitcoin , some are even trading bitcoin using a third party.
I got to know about this from a friend that works for one of such institutions..
I got to know about this from a friend that works for one of such institutions..
Most institutions own substantial amounts of btc, It helps to diversify their portfolio. I don't think it is a big secret even if it is not widely talked about
Cool stories, bros. Got any concrete examples of institutions (and not instructions) holding bitcoin? Big financial institutions have to report on their investments, and I don't think they would legally be able to keep it a secret if they were investing in bitcoin. I don't think their investors would be very happy if they did in the event that bitcoin crashed and the institution lost a lot of money.
There may be some hedge funds and smaller investment firms playing around with crypto, but my guess is that they're not holding a lot of it. They would also be more likely to buy bitcoin derivatives (futures, options, etc.) if those even exist. I still can't figure out if crypto derivatives have been created yet or where they're traded if they have. There just isn't enough actual bitcoin in circulation for large firms to buy it in bulk, so they would have to trade "paper bitcoin" if they were to invest in it at all.
But no, I don't think any of this is done in secret. I don't think it can be a secret.
I don't think it is a secret anymore, I mean we all know there are companies that hold bitcoin now, it depends on what you mean by institutions of course, if you mean really high level ones you can see their investments because most of them are public information, they do take your money after all so as an investor you have the right to know where your money is invested and you can see many of them have a small bitcoin desk as well, that is how they make their trades on bitcoin.
Even a smaller (much bigger than us of course) places like that winklevii twins have been a bitcoin lover as far as we know and had been hoarding their bitcoins for a long time and their company could be considered an "institution" as well. So, it is a public knowledge that these big places HODL bitcoin too.
Even a smaller (much bigger than us of course) places like that winklevii twins have been a bitcoin lover as far as we know and had been hoarding their bitcoins for a long time and their company could be considered an "institution" as well. So, it is a public knowledge that these big places HODL bitcoin too.
Due to bitcoin decentralized nature many cooperation and organizations are now optioning for bitcoin and other cryptocurrency because it give the total freedom in doing transaction and on a fast and secured network, compared to what we use to have where there is high level of third party involvement.
I think that is right. Any person or entity, may it be a corporation or businesses have equal chances and, if they have capacity, has an edge once Bitcoin booms. Also, I think despite many doubters and those who just can see the good in the market, many are still secretly doing some business and keep on investing in the market if they find how profitable it can be, especially on those days when the price point kept on climbing like what is happening recently. So, there is not doubt that there are some entities going for it.
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