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RE: Bitcoin (BTC) Evening Update: Short Term Shows a Bounce; Longer Term Keeps an Eye on the MACD
That hedge fund won't come in with $500 Bil but will come with $2.5 Bil leveraged to buy Bitcoin. This is the liquidity effect I've been talking about. There is not enough Bitcoins for these Hedgies to come waddling in to buy billions worth. They'll have to bid up the price.
Blah Blah Blah... keep talking out of your ass like you know what your talking about. This guy is TOTAL FRAUD!!! SOUTH KOREA is after him for TAX EVASION!!!
I completely agree that liquidity will be the reason price will be moving up. To be clear, the fund is not just for Bitcoin. It will focus on all cryptos. The point I was making is simply that there is massive upside ahead when the money starts flowing. When a <$300B market starts to see hundreds of billions from institutional investors, family offices, and pensions, we will get a big uptrend and retail investors will join the party.