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The Bitcoin (BTC) thread
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<blockquote data-quote="Nolimitz" data-source="post: 1363347" data-attributes="member: 15158"><p>I mentioned this before, but the significance of Microstrategy investing in BTC as a "reserve asset" shouldn't be overlooked. This was a $250 million inflow into Bitcoin from a large corporation.....it won't be the last. </p><p></p><p>To think corporations will flood into alt coins.......it's just not going to happen. The market caps aren't meaningful enough to do so. </p><p></p><p>IMO this was a large domino that will likely spur hedge funds and others corporations to speculate on BTC as a reserve asset. </p><p></p><p>"First slow....then all at once." </p><p></p><p>Imo $7-$9k present excellent entries for long-term hold positions.</p></blockquote><p></p>
[QUOTE="Nolimitz, post: 1363347, member: 15158"] I mentioned this before, but the significance of Microstrategy investing in BTC as a "reserve asset" shouldn't be overlooked. This was a $250 million inflow into Bitcoin from a large corporation.....it won't be the last. To think corporations will flood into alt coins.......it's just not going to happen. The market caps aren't meaningful enough to do so. IMO this was a large domino that will likely spur hedge funds and others corporations to speculate on BTC as a reserve asset. "First slow....then all at once." Imo $7-$9k present excellent entries for long-term hold positions. [/QUOTE]
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