CRYPTOCAP ~ Just for posterity, you can refer back to this later
I wrote a reply to some guy, in some thread, and I think its worth just making a timeline-post here about it.....
Copy/paste:
@ArtfulDodger1974, dont worry nothing here will fall. I can tell you confidently that I do business with whales, HNI, etc --- big and smart money. They are going into crypto big. Just yesterday - an example: Steve Cohen manages $22bn and he is setting up a deal right now to jump in. Big. It wont be publicized much I think, but do a search on it in 2-3 weeks.
I could tell you 20 other big money moves going into crypto - that WERE NOT in crypto previously - and THAT is the really big difference right now.
I am sure you can figure this out, but I'll say it anyway: smart/big money doesnt make moves lightly. When we decide to go into something - we are going to ensure it is the right thing, and it is going to be longterm, and viable, and work. Because our money is what decides that.
I was in crypto with my firm about 1.5 years before these guys that are moving en masse now, so I got a bit of a headstart - but I am certainly no Saylor (the "spokesperson" for instituional crypto asset management, if I can peg a label....).
I have also been in crypto PERSONALLY for slightly longer (about 2.5 years? 3 maybe? not counting that I mined bitcoin in 2013-2014 for fun on all the machines at my office when all my employees went home and I ran it over night --- that wasnt much anyway but it was nice to find that old wallet 4 years later and have a little nest egg I had totally forgotton about).
What we are talking about here is the difference between 100,000,000 (100M) poor working class people with an average of $2000 (thats the # thats been reported on robinhood and all these platforms avg trade volume / users), who will invest in something and sell it on an emotional whim or tweet ---- vs a massively growing list of: family offices + venture capital firms + large priv and public companies + "big" HNIs like musk, zuckerberg, and the next 500 on that list.....
So let me break it down:
100m retail idjits * $2000 = $200bn
there isnt even close to 100m of them - but lets just say 100m to be super generous....
--vs--
+ only 1% of the wealth of the top-500 HNIs = $10T
+ only 1% of the balance sheet of the average $100m+ company = $10T
+ only 5% of the asset management of the average-weighted family office/vc/pe firms = $10T
we could add allot more like pension funds etc
so we're looking at a total of >$30T that is already coming into crypto or will be coming into crypto over the next very short period --- possibly 2 years.
remember:
1 year ago we were a $250bn market cap - that was ALL CRYPTOCURRENCIES!
1 year later (today) we are 10x at $2.2T market cap. bitcoin ALONE is over $1T market cap.
if we do another 5x this by next year? we are a $10T market cap asset class.
I do not believe we are going to SLOW DOWN - I believe we are SPEEDING UP.
We could easily become a $20T asset class before you realize it.
The people, and entities, who decide these things: WE ARE BUYING CRYPTO LIKE CRAZY RIGHT NOW.
Its almost all OTC, which means its not on the exchange orderbooks. None of you see this.
Copy/paste:
@ArtfulDodger1974, dont worry nothing here will fall. I can tell you confidently that I do business with whales, HNI, etc --- big and smart money. They are going into crypto big. Just yesterday - an example: Steve Cohen manages $22bn and he is setting up a deal right now to jump in. Big. It wont be publicized much I think, but do a search on it in 2-3 weeks.
I could tell you 20 other big money moves going into crypto - that WERE NOT in crypto previously - and THAT is the really big difference right now.
I am sure you can figure this out, but I'll say it anyway: smart/big money doesnt make moves lightly. When we decide to go into something - we are going to ensure it is the right thing, and it is going to be longterm, and viable, and work. Because our money is what decides that.
I was in crypto with my firm about 1.5 years before these guys that are moving en masse now, so I got a bit of a headstart - but I am certainly no Saylor (the "spokesperson" for instituional crypto asset management, if I can peg a label....).
I have also been in crypto PERSONALLY for slightly longer (about 2.5 years? 3 maybe? not counting that I mined bitcoin in 2013-2014 for fun on all the machines at my office when all my employees went home and I ran it over night --- that wasnt much anyway but it was nice to find that old wallet 4 years later and have a little nest egg I had totally forgotton about).
What we are talking about here is the difference between 100,000,000 (100M) poor working class people with an average of $2000 (thats the # thats been reported on robinhood and all these platforms avg trade volume / users), who will invest in something and sell it on an emotional whim or tweet ---- vs a massively growing list of: family offices + venture capital firms + large priv and public companies + "big" HNIs like musk, zuckerberg, and the next 500 on that list.....
So let me break it down:
100m retail idjits * $2000 = $200bn
there isnt even close to 100m of them - but lets just say 100m to be super generous....
--vs--
+ only 1% of the wealth of the top-500 HNIs = $10T
+ only 1% of the balance sheet of the average $100m+ company = $10T
+ only 5% of the asset management of the average-weighted family office/vc/pe firms = $10T
we could add allot more like pension funds etc
so we're looking at a total of >$30T that is already coming into crypto or will be coming into crypto over the next very short period --- possibly 2 years.
remember:
1 year ago we were a $250bn market cap - that was ALL CRYPTOCURRENCIES!
1 year later (today) we are 10x at $2.2T market cap. bitcoin ALONE is over $1T market cap.
if we do another 5x this by next year? we are a $10T market cap asset class.
I do not believe we are going to SLOW DOWN - I believe we are SPEEDING UP.
We could easily become a $20T asset class before you realize it.
The people, and entities, who decide these things: WE ARE BUYING CRYPTO LIKE CRAZY RIGHT NOW.
Its almost all OTC, which means its not on the exchange orderbooks. None of you see this.
Comment:
RSI is going into "OVERSOLD" territory for the first time in over a year....
Comment:
Here's another golden nugget.......
@THOR1000, you still dont understand. i pity you.
let me make this absolutely clear. unless you are literally r-tard and cant understand basic english:
I'm a whale, I'm a tech VC, I know the biggest institutions in the world (I am much smaller compared to them) - and there is ZERO chance that the big and smart money would let crypto fail.
We have invested $100's of billions in crypto and are investing more and more every year.
This is 100% certainty.
We control the money and make the decisions of where humanity's technology evolution goes.
Thats just the way it is.
This is silicon valley, wall street, even OLD WORLD money PE and family offices are getting into crypto right now.
You can look anywhere in the world right now, and big money is going full force into crypto. Look in Switzerland, Luxembourg, Dubai....
No government will stop it, and any that tries (except China) will be smacked upside the head by the big money that controls that government.
Sadly thats just the way the world works.
But even in democracies like northern europe - the PEOPLE want crypto, so even where big money doesnt control the government (like it does in US, etc) - the people want it, so the govt cant stop it there either.
If you dont understand that crypto is the new monetary and financial system for humanity's future then just get out now and regret it later.
The rest of us understand that.
We will be $10T market cap in a year or two - and then $100T a cycle or two later at which point crypto will replace tradfi completely.
This is the next evolution of human financial systems.
Government-"backed" fiat currency system has failed. Its not backed by anything except an empty promise by corrupt states. The US being the most corrupt of all.
1) BTC is the #1 hard asset - "GOLD"
2) ETH is the programmable crypto supercomputer - "OIL"
(We'll also have specialized cryptos like ADA, AVAX, SOL - there doesnt need to be only ETH)
3) And then we'll continue for a few more years until one of the best crypto-CURRENCY chains replaces fiat currency and becomes our global - "CURRENCY"
(I'm betting on ALGO, XLM, XMR, and DGB - once again, we wont have only one - each will specialize and fulfill its role, as they already do)
Crypto-ASSETS
Crypto-CONTRACTS
Crypto-CURRENCIES
These will replace and improve every aspect of the current financial system for humanity - and also allow us to become an interplanetary species.
@THOR1000, you still dont understand. i pity you.
let me make this absolutely clear. unless you are literally r-tard and cant understand basic english:
I'm a whale, I'm a tech VC, I know the biggest institutions in the world (I am much smaller compared to them) - and there is ZERO chance that the big and smart money would let crypto fail.
We have invested $100's of billions in crypto and are investing more and more every year.
This is 100% certainty.
We control the money and make the decisions of where humanity's technology evolution goes.
Thats just the way it is.
This is silicon valley, wall street, even OLD WORLD money PE and family offices are getting into crypto right now.
You can look anywhere in the world right now, and big money is going full force into crypto. Look in Switzerland, Luxembourg, Dubai....
No government will stop it, and any that tries (except China) will be smacked upside the head by the big money that controls that government.
Sadly thats just the way the world works.
But even in democracies like northern europe - the PEOPLE want crypto, so even where big money doesnt control the government (like it does in US, etc) - the people want it, so the govt cant stop it there either.
If you dont understand that crypto is the new monetary and financial system for humanity's future then just get out now and regret it later.
The rest of us understand that.
We will be $10T market cap in a year or two - and then $100T a cycle or two later at which point crypto will replace tradfi completely.
This is the next evolution of human financial systems.
Government-"backed" fiat currency system has failed. Its not backed by anything except an empty promise by corrupt states. The US being the most corrupt of all.
1) BTC is the #1 hard asset - "GOLD"
2) ETH is the programmable crypto supercomputer - "OIL"
(We'll also have specialized cryptos like ADA, AVAX, SOL - there doesnt need to be only ETH)
3) And then we'll continue for a few more years until one of the best crypto-CURRENCY chains replaces fiat currency and becomes our global - "CURRENCY"
(I'm betting on ALGO, XLM, XMR, and DGB - once again, we wont have only one - each will specialize and fulfill its role, as they already do)
Crypto-ASSETS
Crypto-CONTRACTS
Crypto-CURRENCIES
These will replace and improve every aspect of the current financial system for humanity - and also allow us to become an interplanetary species.
Comment:
The successful CBDC's (central bank digital currencies) will also be BACKED BY THE BITCOIN STANDARD.
China's Yuan CBDC will fail, and China itself will fail as a country when the rest of the civilized world finally rejects authoritarianism for good and stops all trade with China. Then they will have another revolution, and massacre the CCP and form another country. Whether its with the same borders or not, I dont think it will be - there is far too much diversity that has no representation in Beijing.
That is partly a hopeful projection on my part of course.
I dont want authoritarianism to destroy the human spirit, which is the literal definition of what China is as a country.
If the USD CBDC does not back itself via crypto in some fashion, it will also fail. Nobody in the free world would use a CBDC that is:
1) Not backed by something of hard value (bitcoin being #1 hard asset); and
2) Is controlled by a corrupt non-democratic government.
The Swedish EKRONA is an early CBDC being developed now. It has a high chance of becoming the world's CBDC because it is one of the most civilized/developed and democratic countries in the world. If they develop the crypto part of it correclty and publicly ensure through their democratic institutions that it will not be used for any nefarious data tracking etc - it can easily become the world digital currency in short time.
Swedish KRONA is older than the US DOLLAR. It has stood the test of time before USA existed, and Sweden was one of the major 5 powers of the world.
These are of course viable possibilities. My opinion and projection of what could happen.
China's Yuan CBDC will fail, and China itself will fail as a country when the rest of the civilized world finally rejects authoritarianism for good and stops all trade with China. Then they will have another revolution, and massacre the CCP and form another country. Whether its with the same borders or not, I dont think it will be - there is far too much diversity that has no representation in Beijing.
That is partly a hopeful projection on my part of course.
I dont want authoritarianism to destroy the human spirit, which is the literal definition of what China is as a country.
If the USD CBDC does not back itself via crypto in some fashion, it will also fail. Nobody in the free world would use a CBDC that is:
1) Not backed by something of hard value (bitcoin being #1 hard asset); and
2) Is controlled by a corrupt non-democratic government.
The Swedish EKRONA is an early CBDC being developed now. It has a high chance of becoming the world's CBDC because it is one of the most civilized/developed and democratic countries in the world. If they develop the crypto part of it correclty and publicly ensure through their democratic institutions that it will not be used for any nefarious data tracking etc - it can easily become the world digital currency in short time.
Swedish KRONA is older than the US DOLLAR. It has stood the test of time before USA existed, and Sweden was one of the major 5 powers of the world.
These are of course viable possibilities. My opinion and projection of what could happen.
This is my PERSONAL crypto account.
I would never share my firms numbers publicly, even though I'm the largest shareholder and primary owner. I dont see anything WRONG with sharing those numbers - and public companies do that - but we arent one - and I'd consider it a breach of trust and privacy to all my partners.
However - I want to just put this here to show the commitment I have PERSONALLY made, because this profile is my PERSONAL profile, and has nothing to do with my firm or the people I work with.
I'm a small whale, im not a big one. I dont generally even hold much fiat assets usually anyway, because I invest a big big majority of my assets into the companies. But this is all my personal wealth outside of company stock, a few bits of real estate, and a few bank accounts which hold 1% of my assets in fiat (1% of what you see on this screen - thats the MAXIMUM I keep in fiat - TOTAL, ANYWHERE).
This is 99% of my liquid assets right here (all of it in crypto + stablecoins) - and I will share what it is in 1 year, 2 years, and 3 years - if I even remember - back on this thread....
ibb.co/0YJBP6N