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In my article a few days ago, I wrote: Institutional investors will come back again. As a result, I saw this news today:
"MicroStrategy CEO Michael Saylor said on Twitter that MicroStrategy purchased 328 bitcoins again, with an average unit price of US$45,710 and a total value of US$15 million. According to previous purchase data, MicroStrategy currently holds 90,859 bitcoins, with a total price US$2.186 billion, with an average unit price of US$24,063."
Although it is impossible to tell in the news whether the 328 bitcoins that this big investor bought again were bought in this plunge, his daring to show his trump card when the market sentiment is down, which shows that this institution has a strong interest in bitcoins. The firm is optimistic.
This public announcement will have a powerful incentive effect among institutional investors. I believe that other institutions will enter or re-enter the market to grab chips after seeing such actions.
If we take a closer look at the data published by MicroStrategy, we will find some interesting phenomena:
The average unit price of all bitcoins it bought was US$24,000, and the unit price of the most recent purchase was close to US$46,000. From US$24,000 to US$46,000, Bitcoin has nearly doubled.
In other words, after the currency price has nearly doubled, it still chooses to buy rather than make a profit. Here are two points worthy of our retail investors' attention:
The first one is that this almost certainly confirms a prediction I once made: institutional investors enter the market, and the probability of their fancy income is more than doubled. So we will see that under the influence of FOMO sentiment and the influence of MicroStrategy, the institutional investors who are entering the market now and later have at least the outlook for Bitcoin's market outlook is close to $100,000 or even higher. This will lay a solid foundation for Bitcoin's market outlook.
The second is that, at least in MicroStrategy's view, the Bitcoin price estimated by this organization may double on the current basis, that is, to at least $100,000.
Why do I judge this second point?
This is because institutional investors are generally cautious and conservative in the calculation of the rate of return and the formulation of investment strategies. From the perspective of MicroStrategy’s holdings, its average cost is US$24,000. If it estimates that the price of Bitcoin can only reach US$60,000 to US$70,000, then under the current market, it will continue to be optimistic that it can continue to rise to 6, 70,000 US dollars, there is a high probability that it will not continue to increase positions at a price close to 50,000 US dollars, and at most will hold the currency to wait and see. The reason why it dared to continue to increase its position at this price, there must be at least double the room for the market outlook.
Therefore, we must pay close attention to the actions of these big players. On the one hand, we can roughly judge the trend of the market outlook based on this, and on the other hand we can roughly guess their views on the market.
On the one hand, MicroStrategy continues to increase its positions; on the other hand, traditional financial institutions can't contain their inner anxiety, and they continue to run into the market.
This time we finally saw the figure of Goldman Sachs, the top tycoon of traditional financial institutions.
"Market news: Goldman Sachs will provide customers with bitcoin futures and non-deliverable forward futures trading services from next week." Goldman Sachs is also at the poker table this time. From then on, it will only be a matter of time before all financial institutions in the United States enter Bitcoin, not whether it will be.
Another US banking giant, Citibank, recently published a new report entitled "Bitcoin at a Turning Point." In this report, the author describes the evolution of Bitcoin from a form of payment to its current state as a store of value, and predicts that in about seven years Bitcoin will evolve into the "currency of choice" for international trade and become the "currency of international trade"
Jurrien Timmer, the world's largest asset management organization, and its global asset allocation global macro director, Jurrien Timmer, recently stated that the question now is no longer whether to include Bitcoin in the asset portfolio, but how much to include.
The statements of these top financial institutions are all accelerating the evolution of Bitcoin, stimulating the entry of traditional financial institutions, and at the same time closing the entrance of ordinary retail investors little by little.
I would like to remind everyone not to get out of the car easily at this stage.
