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/biz/ - Business & Finance

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58300512 No.58300512 [Reply] [Original]

https://twitter.com/hodl15capital/status/1776236795119702361

If the accumulation continues at this slow pace, the new Bitcoin ETFs would theoretically hold all 21 million Bitcoin in around 6,5 years.

If you're not all in by now, you're browner than a poojeet and dumber than a redditor.

>> No.58300535

>hold all 21 million BTC

This is a dumb statement and I don't think I should need to explain why. But yes, bichcoing gongo up

>> No.58300706

well, obviously they can't buy all the bitcoin. the amount of bitcoin that's actively traded is around 4 million and the ETFs could absorb all that in 12-24 months. however as that number dwindles, the price grows exponentially which will trigger whales to offload. we'll reach an equilibrium but bitcoin could be well north of $1m at that point

>> No.58302082

>>58300706
Yup, and looking at coinglass and glassnode the bitcoin remaining on exchanges dropped about 500k since the ETF it's a rocket ship ready to deploy its booster.

>> No.58302815

>>58302082
there is somewhere between 20-40 trillion AUM amongst registered investment advisors. if they shift 1% into bitcoin, that's roughly $300b. i've been looking at prospectus updates on the SEC's website and some of these RIAs have been updating them to say they will hold up to 15% in bitcoin. 1% is huge, 15% will put the world into shock