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Because the financial VC-industrial complex has stock piles of money now, they've learned their lessons enough times, billions of $ they control and are waiting
by loceng 6y ago
Because the financial VC-industrial complex has stock piles of money now, they've learned their lessons enough times, billions of $ they control and are waiting to use to buy Bitcoin for institutional buyers; Coinbase has been promoting this service for years - and on the other end their tightening the funnel of their service by access to sell failing many times now when the price starts to skyrocket - likely to quell the impulse selling of enough of the "army of HODLers."
Will the complex have $100 billion in money waiting to buy up Bitcoin once there's such an event, or has the mantra of "HODL" worked and enough will hold to allow enough institutional money to slowly be moved in (by small handful of decision makers who's gains aren't usually well aligned with who owns the money)?