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/biz/ - Business & Finance

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25498851 No.25498851 [Reply] [Original]

Why exactly do you retards think that "institutions" would want to buy BTC?
Even at ATH of 35k that's just a 75% increase in 3 years since the previous ATH. That is absolutely pathetic compared even to normie stocks like Tesla and Amazon.

Nevermind that there's not even any crypto exchanges capable of handling it. you really think Bank of America is gonna place their money and Brand on some fucking chinese exchange that also has "dogecoin", "trumpbux" and a chat box where people like you write "too le moon niggers XD"

>> No.25498882

Bank of America? Uneducated retard lol.

>> No.25498914

>>25498851
Bait low iq post

>> No.25498932

>>25498882
>retard literally doesn't know what an example is
lmao
>>25498914
elaborate

>> No.25499063

>>25498932
Thats the point I'm making. You're using Bank of America as an example. Again, you are an uneducated fucking retard.

>> No.25499093
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25499093

>>25498851
>institutional investor
>Bank of America

>> No.25499132

>>25498851
Nocoiners are coping on levels unseen Before in history

>> No.25499178

>>25498851
what institutional investors are even buying a majority position of bitcoin? The IRS and SEC basically tell hedge funds to go fuck themselves when it comes to it.

>> No.25499179
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25499179

>>25499063
>>25499093
do you retards literally believe venture capital like GS is where the big money is?

>>25499132
see bottom >>25498932

>> No.25499230

>>25498851

I wouldn't be surprised if BofA already had exposure through hedge funds under its wealth/asset management arm.
Most of you dumb fucks don't know how a global financial services company works.
Do you just think it's all traders doing cross asset punting on the company's money?

>> No.25499328

>>25499230
>I wouldn't be surprised if BofA already had exposure through hedge funds under its wealth/asset management arm.
They certainly have, and by extension millions of normalfags

>> No.25499707

counted up the money in my pocket and it was 12000 i'm finna bust down the boa for 12000 i'm finna go buy a new car for 12000 i'm finna go buy a house for 13000

>> No.25500122
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25500122

>>25498851
>being bearish on an entire asset class that has gone from 0 to 835b in a decade
>thinking the largest financial institutions in the world aren’t capable of piecing together a way to effectively retain crypto
anon... i

>> No.25501272

>>25500122
>0 to 835b in a decade
First of all it's laughable that you believe in that market cap when less than 1% is enough to completely clean the orderbooks of every exchange and make it drop to literally 0.
Secondly, that's like any "startup" retard. The growth rate has gradually dropped for a decade. Read top part of OP again

>> No.25501559

>>25498882
you're uneducated trash.

>> No.25502043

>>25498932
Merill Lynch

>> No.25502432

>>25502043
what about it?

>> No.25503134

>>25498851
They would bitcoin through OTC trade or something. Why the fuck would they need to use binance? Also yes banks are next to FOMO unironically

>> No.25503424

>>25503134
>Why the fuck would they need to use binance?
For the same reasons they use exchanges for all their other assets retard.
>banks are next to FOMO unironically
see >>25499328