BTC – institutions are coming in (beyond tech analysis)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi Guys!

We were wondering lately whether institutions are coming into the crypto market or not.

Well, we started off with Grayscale as it is one the biggest fund which offers crypto financial products.

Only on this asset ( Gray Scale Bitcoin Trust - OTC) they have nearly $900M under management.

In other words, if institutions want to buy BTC they don’t have to buy it by themselves.

They can go to Grayscale and buy shares of BTC .

Then they don’t have to worry about hackers, private keys, wallets and so on.

They are charged 2% yearly fee which is in our opinion not much.

This is a safe and convenient solution.

So institutions are flooding in.

When we compare the latest price movement of BTC and GBTC (Grayscale) we can clearly see the price difference is massive.

We compared price gains on those 2 assets and we can clearly see that institutions had pumped the price 40% higher.

This means the interest is right now massive and we should see the price alignment on BTC soon.

This is awesome news.

We can expect another squeeze on the BTC price soon.

Of course, before that, we can have a small correction but after that the only direction is north.

Don’t you think?

Please comment down below.

Thank you for your time and read.

WBM Team
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Why have you not mentioned the "Premium" on GBTC which from a year ago was as high as 80% and exactly where the smart money sold to retail ans stuck it to every single one of them because everyone was pounding the table that the "Institutions were loading up on GBTC" - You could be correct that the "institutions" are loading up on GBTC and yes it is an easy safe way to buy BTC but you make no mention of the underlying asset of the fund or as mentioned the massive previous premium that all retail traders should be aware of - if BTC takes another major dive then this "premium" will deflte again in a major way and GBTC will see $1 if it's even stops there. You will never see a "price alignment" with BTC as you have mentioned here - the fund isn't built that way. That said this is an interesting post. Thank you for posting it. @dRends35
+2 Reply
UNWOUND london55555
@london55555, Good point.
+1 Reply
Even institutions that see the long-term potential may still have a great interest in first moving price south as far as possible. Because even if Bitcoin ever moves to 100k, there is a huge difference in return between now investing 900 million at 1BTC=5000 vs 1BTC=2000.

The main question is if there's enough will and monetary power to move things down. Either way the last big chance to do so seems somewhat near.
@micmuc, we dont expect major moves down. Some corrections yes. They had 15 months to dump it stronger.
From now bull rally has slowly started.
+1 Reply
@micmuc, too late. Not enough energy to push it down further, plus some 1%ers are breaking ranks and buying in (https://en.wikipedia.org/wiki/Prisoner%27s_dilemma).
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