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Topic: How many Bitcoin do you think Wall St will own - page 3. (Read 423 times)

sr. member
Activity: 1400
Merit: 347
Hundreds of thousands. They began investing in October 2017.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
Firms operating with collaboration with Wall Street market will engage into cryptocurrency investments. Already more firms and financial institutions have begun to start investing into bitcoin. As in the Op Bakkt, bitcoin futures, ETF approval all will give positive hope on the market recovery.
hero member
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I think that Wall Street will buy ZERO bitcoins during the next few years.
They will make money out of bitcoin backed derivatives trading fees(if bitcoin futures trading ever gets green light).Wall Street is a market,not a company.They don't buy and sell,they let the traders buy and sell and they charge a fee for allowing them to use the platform.
hero member
Activity: 2240
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Wall St should start tiptoeing into the bitcoin market this year with BAKKT, Fidelity, maybe goldman sachs, nasdaq, etc. In the next, let's say, 3 years how many Bitcoin do you think Wall St will buy up? This includes any financial product on Wall St, so I'm talking institutions and hedge funds buying it up, retail investors buying through ETFs, physical backed futures, etc. So any bitcoin bought through Wall St, since that will be a brand new market for bitcoin buyers.

Do you think they might buy up several million bitcoin over the next 3 years? If they buy in during the early part of the bull run, leaving the FOMOing masses to buy in higher, it would cost Wall St well under $100 billion to buy up a few million if they didn't wait too long, which is a small amount for Wall St as a whole. And what size effect on the price do you think it would cause if Wall St bought up say like 5 million bitcoin over the next two years?
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