Cathie Wood's ARK Investment Management estimates bitcoin prices could skyrocket to $2.3 million on the back of an “optimal allocation” to the crypto currency from a massive global investable asset base. Cathie Wood’s ARK Investment Management Management estimates that Bitcoin prices could soar to $2.3 million due to an “optimal allocation” to the cryptocurrency from the vast global base of investable assets.
ARK made that estimate in its latest annual research report on “big ideas,” which pegged the global investable asset base at $250 trillion. A 19.4% allocation to bitcoin would correspond to bitcoin prices at around $2.3 million, a chart in the report shows. ARK made this estimate in its latest annual research report, which pegs the global investable asset base at $250 trillion. A chart in the report shows that a 19.4% allocation to Bitcoin would equate to a Bitcoin price of around $2.3 million.
Distribution of Bitcoin holdings https://buybitcoinworldwide.com/treasuries/
Bitcoin is concentrated among exchanges, investment institutions, and whale users
比特币持有量大头还是在交易所，尤其币安拥有 超过 55 多个比特币，此外币圈大佬比如cz, 徐明星，v神等持有比特币应该也是天文数字，只是到底持有多少谁也不知道。
To sum up, the current main holdings of Bitcoin are still in the hands of institutions or whale users. The top twenty exchanges with the largest trading volume alone hold more than 2 million Bitcoins. Together with some early invisible whale users, it can Imagine these exchanges and whale users can dominate the entire market. Since the listing of Bitcoin spot ETFs in the United States, ETF holdings are currently close to
There are nearly 1 million Bitcoins. Governments of various countries hold no less than 500,000 Bitcoins, and companies in various countries hold no less than 1 million. The simple summary above is close to 5 million. This does not include miners and undisclosed coins. The holdings of the big guys, all taken together, are estimated to be close to half of the holdings of Bitcoin. That is to say, the vast majority of Bitcoins are distributed in the hands of a few institutions or whale users. Any large shipment will cause Bitcoin to plummet. .
木头姐 21 年喊出比特币将暴涨到 10 万美金，但 22 年跌到 2 万美金以下
Bitcoin will rise sharply in the future as a whole, but retail investors need to slowly take over and market makers need to slow down shipments. For example, in the past two months, Grayscale has only sold part of its positions, and Bitcoin has plummeted from US$49,000 in December to US$38,000. , and then rose from 38,000 US dollars to this week's highest of 43,000 US dollars. Some institutions then sell, and some institutions then buy, such as Sister Mu’s ARK fund. In 2021, Sister Mu said that Bitcoin could rise to 100,000 US dollars, and then it started to plummet the next year.
The Bitcoin position of Mujie Ark Fund should have been established recently. It used grayscale selling to buy in large quantities. The minimum holding cost should be between 38,000 US dollars and the highest 45,000 US dollars. Currently, it seems to be a slight profit or a slight loss. At present, the price of Bitcoin has risen a bit. The lowest price of 38,000 US dollars last month has risen to 43,000 US dollars recently. The increase is very good, but it is still far away from 100,000 US dollars, and even further away from 2.3 million US dollars. It is not even close to a cent. arrive.
木头姐这样喊，估计是觉得比特币涨幅太慢了，即使真的涨到 230 万美金一个比特币，估计不是今年也不是明年。甚至也不是后年。买入的时机很重要
A review of the Grayscale Fund’s lawsuit against the SEC and the official start of Wall Street Capital’s pursuit of profits in the cryptocurrency industry in 2023
Wall Street capital represented by Blackstone, MicroStrategy, and Grayscale Fund are buying Bitcoin in large quantities. Grayscale Fund is the initiator. Grayscale submitted an application for a Bitcoin spot ETF to the SEC as early as 2021. The entire process has a history of nearly 3 years. years, summarized as follows
In October 2021, Grayscale filed a Form 19b-4 with the SEC to convert its flagship Grayscale® Bitcoin Trust (OTCQX: GBTC) into a spot Bitcoin ETF.
Finally, on June 29, 2022, the SEC rejected Grayscale’s application to convert GBTC into an ETF. On the same day, the Grayscale team filed a petition for review with the Court of Appeals for the D.C. Circuit, filing a lawsuit challenging the SEC's decision.
2023 年 8 月 29 日，华盛顿特区巡回上诉法院的一个小组一致撤销了 SEC 于 2022 年 6 月拒绝灰度比特币信托公司 (GBTC) 升级为现货比特币 ETF 的决定。
On October 19, 23, Grayscale Investments re-filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission (SEC)
24 年 1 月 10 号SEC一口气批准了包括灰度基金在内的 11 家比特币现货ETF，灰度基金取得最终的胜利
灰度基金在 26000 美金到 38000 美金之间一直在建仓，但从 24 年 12 月到现在一直抛售之中，FTX为支付债务，一口气赎回了 10 亿美金。
Bitcoin’s outlook is bullish, why are funds still selling?
This involves the operation model of index funds. Taking Grayscale Fund as an example, the funds to purchase Bitcoin come from the primary market. Investors in the primary market can buy or redeem their subscription shares, specifically according to the relevant provisions of the subscription agreement. shall prevail. The secondary market is retail investors, similar to buying and selling stocks, and is considered a liquid stock. The repurchase pressure of Grayscale Fund mainly comes from investors in the primary market. If primary market investors want to redeem the fund (including profits), then Grayscale has to sell Bitcoin to raise funds and redeem primary investors. funds held. Investors in the primary market need to redeem funds under various circumstances. Once redemption occurs, Grayscale will have to sell Bitcoin on a large scale, and the price of Bitcoin will naturally drop.
Can Bitcoin reach $100,000 in 24 years?
We still have to look at where the money comes from. Only when a large amount of money pours into Bitcoin can Bitcoin rise. So where does the money come from? Money comes from the U.S. dollar, and the entire currency circle's capital market is currently mainly supported by U.S. dollar capital. Only when the United States starts quantitative easing and turns on its money printing press can the world drink water. Domestic policies and laws to suppress Bitcoin have been improving. For example, the anti-money laundering law has recently been revised. Domestic quantification is not particularly related to the currency circle. The currency circle is considered a marginal finance in China, and mainstream funds are in the stock market and real estate market.
So will the United States start printing money in 2024? It’s hard to say. The Federal Reserve currently intends to lead the United States into an economic depression and seems to only focus on inflation. Unless Biden puts pressure on the Federal Reserve to force the Federal Reserve to save the U.S. economy and lower interest rates, there will be no hope for the currency circle, and there will be a shortage of green tickets around the world.
