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Not much. 1% of asset allocation for an institutional investor is enough for that. EDIT: You currently need $70m to bump the market above 20k on GDAX. That's a
by dx034 9y ago
Not much. 1% of asset allocation for an institutional investor is enough for that.
EDIT: You currently need $70m to bump the market above 20k on GDAX. That's a lot for retail investors but not much if institutional investors get involved.
- 0xCMP 9y agoIn the grand scheme of things sure, but definitely a large influx as compared to the size of the market in Coinbase. We're talking probably low 2-digit millions to make big moves I think.
- dx034 9y agoYep, around $70m to get it above $20k.
- tome 9y agoWhat institutional investor is going to put 1% into Bitcoin?
- WA 9y agoHow do you determine the $70m?
- obiefernandez 9y agoYou look at the "Depth Chart" -- it shows you how much people are selling (or buying if you go to the right) in a way that escalates as you get further away from the mid-market price that is currently executing.