Bitcoin will now demand quality holders Since the advent of ETFs, I believe that BTCs price is the skyβs limit. For instance, take a look at Berkshire Hathaway stock. Berkshire Hathaway is nearly a trillion dollar market cap and is trading at 600k. Bitcoin is already at 1 trillion. Warren Buffet refuses to stock split because, at the above price tag, the stock will demand quality investors/holders. According to him, this type of investor that purchases Berkshire Hathaway is a long term/diamond handed holder. This can be said of bitcoin as well, especially given the involvements of ETFs. Wealthy, long term stock investors will learn about bitcoin through companies like BlackRock and see the historical returns that out performs any other asset. Now banks are wanting in on bitcoin as well. All of which are unprecedented. Like Berkshire Hathaway, soon enough bitcoin will hit 600k. When that happens, what type of investor will it be then? Degen traders like the last 15 years, or long term holders that get bitcoins true value? [link] [comments] |
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