April 3 JP Morgan revises their long term top to 130K based on a "Gold Alternative" statement. But are they really just signaling to other banks their intended cycle top for this year?
A complex problem for Institutions wanting to accumulate vast amounts BTC: unloads supply on the market. Institutions work in an efficient market hypothesis world, which they can project a companies future value and buy up stock to a future predicted price point, which effectively roots out competition as small fries get priced out quick.
This is not possible with BTC. If banks see a future price of 400k, it would be horribly inefficient to buy up to that 400k price point to accumulate and price out competition. The reason for this, the market does not have the ability to absorb 6.25 BTCs worth 400k every ten minutes. The Institutions are incentivized to play the game along with everyone else. We have a chance to compete. Be smart, play the game with them not against them.
This is not possible with BTC. If banks see a future price of 400k, it would be horribly inefficient to buy up to that 400k price point to accumulate and price out competition. The reason for this, the market does not have the ability to absorb 6.25 BTCs worth 400k every ten minutes. The Institutions are incentivized to play the game along with everyone else. We have a chance to compete. Be smart, play the game with them not against them.