You guys reading the news will see that recently a lot of organizations, companies or countries are buying $BTC, so why do many big places announce buying but the price still hasn't increased much? You guys can refer to the information I've painstakingly compiled (long article)
1. Institutions are fomo $BTC
- Currently, there are 123 countries and companies that have announced holding $BTC, holding more than 3 million #BTC, or nearly 15% of the total Bitcoin supply. Of which, public companies hold a total of 622,735 bitcoins, accounting for 2.965% of the total supply,...
- Looking at the financial reports of US listed companies, any company that has $BTC reports profits from it, GameStop shares increased by nearly 10% due to rumors of adopting Bitcoin,...
- Companies are also very eager to hold a portion of their assets in $BTC, and reality is proving that holding Bitcoin is more delicious and "trendy" than many other business models.
=> This is not really just fomo, but Bitcoin is recognized for its unique characteristics such as safety, limited supply, easy storage, transparency,... in addition, BTC has a very good advantage that holding $BTC does not require paying taxes. I will analyze it in more detail.
2. Comparing $BTC to Other Assets at an Enterprise Level
- It can be seen that $BTC is beneficial to hold in corporate assets when not subject to holding tax, Bitcoin is quite similar to holding stocks, but the supply is very limited, and the uniqueness along with the ability to grow is very large
- Organizations can hold BTC like gold, but do not need to have a warehouse or deposit it in a safe at the bank, taxes on BTC are extremely cheap compared to gold or real estate, and in financial statements can increase the value of the business and thereby issue more bonds/stocks.
- Countries also hold $BTC, the amount of Bitcoin in circulation and the amount left for miners to mine in the coming years is very small, currently 95% of 21 million Bitcoins have been mined, only about 1 million $BTC left to mine - to mine all of this will take about 120 years, and more than 4 million#BTChave been lost from the supply
=> Bitcoin cannot be issued like Stocks, is cheaper to store than Real Estate and Gold, and cannot be discovered and "mined out" like Gold.
=> You guys who read the news also know that Countries, States of America, Companies, Funds,... are extremely FOMO buying $BTC, and I am sure there are many other wealthy individuals and small companies that buy and hold but do not announce. So why hasn't the price increased yet?
3. The transition of the era
- The truth is that those who have held#BTCsince the beginning are taking profits a lot, continuously taking profits from around October 2024 until now.
- You guys who have been reading on-chain for a long time can easily see this, but there is one big change: old wallets distribute Bitcoin, while new big wallets accumulate it.
- In addition, personal wallets continuously take profits, while institutional investors continuously buy (first photo)
- This is an asset arrangement of any asset class when it matures, for example, Real Estate or Gold, the later the organizations and Governments become more and more, but the number of individuals decreases => the gap between rich and poor will be greater.
=> This will be good for the price of $BTC in the long term, which will have new record highs, but will reduce its original meaning of fairness for everyone, at this time the war to determine assets will have a large gap, whoever sells BTC at a cheap price will not be able to buy it back later.
4. Good for Bitcoin - Good for Altcoins
- Nasdaq has filed 19b-4 registrations for CoinShares' $LTC ETF and $XRP ETF, many others are filing for $DOGE ETF, $SOL ETF, ... there will be many more Altcoins ETFs
- Organizations also have large, medium and small levels, if they know Bitcoin, they will also know Altcoins
- The Funds also launched many investment products related to Altcoins, and clearly Altcoins have much more to show and draw than $BTC.
5. Personal conclusion
- We are in history, instead of examining it, let's be an observer and enjoy it!
- We are in a phase of asset redistribution, assets will flow into the pockets of the rich and increase in value, after the distribution is complete, they will be pushed to a new high price, at that time everything will be launched to support, the law will support, the macro will support,... Don't think of a downtrend at this time, because everything is supporting an uptrend!
- Good things take times! $BTC will be very profitable then, and what is good for BTC will be good for the whole market, and Altcoins will benefit. Of course some altcoins, not all!
#Steven_Research
