Cointime

Cointime

Download App
iOS & Android

Bitcoin Enters The Institutionalization Cycle

Validated Individual Expert

Bitcoin

Don’t Be Surprised When Price Begins Increasing With Lightning Speed

Microstrategy paved the way. Michael Saylor kicked the hornet’s nest, and the swarm is headed towards us.

Institutions are drawn to Bitcoin, recognizing that banks are an unsteady place to store their cash.

Bitcoin is projected to become a highly institutionalized safe haven asset reaching a $1 million price point this decade.

Buckle up, as this will be the ride of a lifetime. The greatest wealth transfer the world has ever seen is about to start.

Bitcoin Public Companies Will Increase Tenfold

Coingecko lists 23 institutions that hold Bitcoin in their reserves.

Tesla has declared it still holds approximately $200 million in Bitcoin. The exact number was not announced but it has to be around 7000 BTC.

Musk’s Tesla was a top buyer of Bitcoin in 2021 and just the news of Tesla buying Bitcoin pushed the price another 300% in 2021.

Everyone made mistakes in 2021 with public relations. Since the $67,000 ATH, probably have to focus less on certain people that damage Bitcoin’s credibility.

To succeed, Bitcoin will need a few better people and reduce our attention to toxic individuals that did well in 2015 and 2017 to make Bitcoin popular, but they are now only damaging our chances. If you are reading this, you know well who these people are, we don’t have to name them. Toxicity is not going to attract mainstream finance that we want to engage with and have them acknowledge Bitcoin.

Michael Saylor The Bitcoin Angel

Michael Saylor is doing it all right. We need more businesses to get finance into Bitcoin.

$300 trillion is ready to enter Bitcoin.

Don’t screw this up elevating toxic elements or extreme political beliefs. The mainstream needs less extremism, so be careful out there. We don’t need to be woke, we don’t need maga either. Take that out, and I promise you the money will not stop pouring into Bitcoin.

You can vote for Trump or Biden, but nobody in finance cares.

Finance cares for finance.

Finance will care if Bitcoin becomes political. And it will destroy it at the same moment. Learn this lesson well, because it can be a problem later. We have to convince a market worth several quadrillions of dollars that Bitcoin can be a safe haven, a settlement layer, and the next reserve currency.

Bitcoin is apolitical, do the same if you want Bitcoin to enter the new cycle of institutionalized adoption.

Bitcoin Michael Saylor BTC
Comments

All Comments

Recommended for you

  • Decentralized AI platform Prime Intellect completes $5.5 million seed round of financing

    Decentralized AI platform Prime Intellect has announced the completion of a $5.5 million seed round of financing, led by Distributed Global and CoinFund, with Compound also participating. The funds will be used to build a computing platform that enables decentralized training across instances, and to achieve shared ownership of artificial intelligence models through contributions of computing power, code, data, capital, or expertise.

  • Crypto wallet Turnkey raises $15 million in funding, led by Galaxy Ventures

    Turnkey, a cryptocurrency wallet infrastructure company, has raised $15 million in Series A funding led by Lightspeed Faction and Galaxy Ventures, with participation from Sequoia Capital, Coinbase Ventures, Alchemy, Figment Capital, and Mirana Ventures. The project concluded in October of last year and raised $7.5 million in seed funding starting from 2022. Turnkey was co-founded by two former Coinbase employees who helped build the company's cryptocurrency exchange custody service, with the aim of helping application developers build user-friendly blockchain wallets.

  • Magpie: A vulnerability was found in the contract, and users are advised to cancel authorization as soon as possible

    Cross-chain infrastructure Magpie Protocol published an article stating that there is a vulnerability in the contract and urging users who have authorized its contract and still hold funds in their wallets to cancel the relevant contract authorization on each chain as soon as possible.

  • SlowMist reveals a new scam: maliciously modifying RPC node links to defraud assets

    SlowMist security team has exposed a new type of cryptocurrency scam. This scam uses the remote procedure call (RPC) function of modified Ethereum nodes to commit fraud. The specific process of the scam is as follows: the scammer induces the user to download the imToken wallet and gain the user's trust by using 1 USDT and a small amount of ETH as bait. Then, the scammer guides the user to change their ETH's RPC URL to the node controlled by the scammer. The node uses Tenderly's fork function to falsify the user's USDT balance. When the user sees the incorrect balance, they may attempt a transfer, but the scammer has already disappeared. According to SlowMist Technology's report, this type of scam exploits users' trust and negligence, resulting in asset losses. The SlowMist security team reminds users to remain vigilant when trading and avoid using untrusted RPC nodes.

  • Philippines SEC: Remove Binance App from Google and Apple App Stores

    Philippine Securities and Exchange Commission stated that we have taken action to remove the Binance app from the Google and Apple app stores.

  • BTC falls below $66,000

    The market shows that BTC has fallen below $66,000, currently trading at $65,997.14, with a daily decline of 0.02%. The market is volatile, please be prepared for risk control.

  • Hong Kong Shatin District Councillor Deng Zhaofeng: ETF allows individual investors to participate in the virtual currency market with small investments

    Hong Kong Sha Tin District Councilor Deng Zhaofeng published an article entitled "Grasping Financial Innovation Opportunities and Not Forgetting to Exclude Risks" in the A14 edition of Hong Kong Wen Wei Po, pointing out that the launch of Hong Kong's virtual currency ETF brings three opportunities to the market:

  • Ethereum on-chain DEX transaction volume yesterday was $1.796 billion

    According to DeFiLlama data, the trading volume of DEX on the Ethereum blockchain was 1.796 billion US dollars on April 22, ranking first. In addition, the trading volume of DEX on the Solana blockchain was 1.534 billion US dollars yesterday, ranking second; the trading volume of DEX on the BSC blockchain was 772.09 million US dollars yesterday, ranking third.

  • HKEX: The uniform margin rate for non-constituent virtual asset spot ETFs will be set at 30%

    The Hong Kong Stock Exchange (HKEX) and Hong Kong Securities Clearing Company Limited issued a notice on the "Margin Rates for Trading Virtual Asset Spot Exchange Traded Funds (ETFs)". It was pointed out that the following risk management arrangements, which refer to the announcement issued on April 17, 2024 (No. ETP/001/24), will take effect on the same day as the launch of the virtual asset spot ETF:

  • Cointime精选 ·

    The Untold Story of ditto-b

    The story of an anonymous developer who fixed a critical flaw in Bitcoin's code.

    The Untold Story of ditto-b

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company