The funniest part about #Bitcoin is that every cycle people call it a scam right before institutions buy more of it.
This pattern repeats in every Bitcoin cycle. Prices drop. People who are new get nervous and sell. At the same time, large companies and financial firms buy at the lower price.
What does 'institution' mean here? Public companies like Strategy, formerly MicroStrategy, hold over 200,000 Bitcoin. Wall Street created Bitcoin ETFs, which are funds you can buy through a regular brokerage account, that now hold tens of billions of dollars worth of Bitcoin.
The people calling it a scam and the buyers are looking at the same thing. The difference is how far ahead they plan.
What does 'institution' mean here? Public companies like Strategy, formerly MicroStrategy, hold over 200,000 Bitcoin. Wall Street created Bitcoin ETFs, which are funds you can buy through a regular brokerage account, that now hold tens of billions of dollars worth of Bitcoin.
The people calling it a scam and the buyers are looking at the same thing. The difference is how far ahead they plan.