New Money
This is the moment all of us in crypto have been waiting for when the institution money arrives and starts investing in crypto. Up till now Bitcoins rise has been on the back of retail including the new ATH we saw recently with the average ETF buy in being in the $10k range.
What we know with the new names that Blackrock has added to the ETF filing update is that these new players are not thinking of $10K buy ins and it will be in the millions or tens of millions. The latest dips we have seen has no doubt been about profit taking along with manipulation making sure the price stays in check meaning the institutions are not overpaying when they start to purchase Bitcoin.
Blackrock has Bitcoin and Ethereum ETF's on their radar so playtime is nearly over. The report I read a few weeks back highlighting that it was retail money buying in and not institutions mentioned that the time for these companies to get ready was a 3-4 month period and this ties in with that window.
The London Stock Exchange will start accepting proposals from this coming Monday the 8th April for those institutions looking to offer Bitcoin and Ethereum ETN's. ETN's differ from an ETF where they are like a bond that never physically owns the asset. The good news is that the London Stock Exchange stated ETN's must physically hold the crypto in order to maintain the Exchanges reputation and integrity. The ETN's are expected to go live towards the end of May which is well after the Bitcoin halving date.
What the new money will do because we are now talking about professionals vs the retail investors who are regarded as amateurs is that they will manipulate the price hoping you sell. I do expect a rough few months after the halving before we see the price go nuts so we should still have time to accumulate whatever crypto we are busy accumulating.
The big difference we will notice is once this new money pours into crypto the retail investors are no longer in control of what the market does. The institutions will be the ones deciding which way the market is heading because they will own the bulk of Bitcoin and Ethereum. Retail has had 14 years controlling Bitcoin and those that have sold have given away the advantage they once had. Imagine selling for $70K knowing full well Bitcoin is going to be well over $100K and that this is just starting to warm up and the main event has not even started yet.
Omor. This is legit update believe me boss this is massive
It is true that after the news of EDF the market started pumping and now we will see that the next one year is going to be better because every time it happens wise people. Intelligent definitely profit over time.