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More than 4% of all Bitcoin supply is now in ETFs
- dt3ft 3y agoWhen is it going to crash though? Been hearing that for years now. Not sarcasm, genuine question.
- janandonly 3y agoThe price measured in other currencies fluctuates, of course, mostly in ~4 year waves.
- bryanlarsen 3y agoMiners have to sell massive amounts of bitcoin regularly to pay their electricity bills. So there's a solid floor on the amount of supply. If demand ever goes below this supply floor the price will crash.
- agumonkey 3y agoFunny how counter culture is now institutional ~_~
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- 1970-01-01 3y agoMore proof that Bitcoin is an investment plan and not money.
- klysm 3y agoFor comparison, what percentage of money is in ETFs?
- ajross 3y ago"Money" is a much squishier concept. There is no "market cap" for dollars from which you can compute a fraction. In fact, the most common measures of "money supply" view securities as resources/property/objects and not money. In fact in fact, the purchase/sale of a debt security like a bond is the primary way that money is "created" in the economy. The closest you could come to answering this question would be to ask Fidelity, Vanguard, etc... how much of their investment account balances are held in ETFs. I have no idea what the answer is.
- Shrezzing 3y ago$9tn - around 2.1% of global wealth. Equivalent to 4x more than the physical USD$ currency in circulation, and equivalent to around 2x the value held in deposits at commercial US banks.
- brianshaler 3y agoIsn't this the opposite side of the trade? That sounds like how much money is invested in ETFs representing other stuff and not how many dollars are locked up in ETFs as the underlying asset.
- brianshaler 3y agoAre you asking, of the global monetary supply of USD, how much is parked in financial vehicles that people then trade shares on to speculate its change in value rather than interest yield or dividends? Does that even exist for an inflationary currency?
- adam_arthur 3y agoMoney is used to transact, it doesn't "sit" in ETFs. e.g. if I buy a share from you that money goes from person A (the buyer) to person B (the seller), it doesn't "sit" in the stock. Now ETFs can hold some cash, but in general they're invested almost wholly in their target asset, so they hold the assets instead of cash. You seem to be mistaking market value for money
- Ekaros 3y agoProbably rather little, if money here is in general any world currency. As other instruments like debt do much better job...
- WiSaGaN 3y agoETF does not usually hold "money", so it does not make sense to ask about "percentage". ETF does however hold stocks and the like. According to BlackRock, "ETFs represent 12.7% of equity assets in the U.S., 8.5% in Europe, and 4.4% in Asia-Pacific." [1] But I think the closest should be comparing to Gold ETF since Bitcoin now is more considered to be a commodity, or event "digital gold". It would be around 2% according to Wikipedia. [2] [1]: https://www.ishares.com/us/insights/global-etf-facts#:~:text=ETF%20MARKET%20SIZE&text=ETFs%20represent%2012.7%25%20of%20equity,4.4%25%20in%20Asia%2DPacific https://www.ishares.com/us/insights/global-etf-facts#:~:text.... [2]: https://en.wikipedia.org/wiki/Gold_holdings https://en.wikipedia.org/wiki/Gold_holdings
- behringer 3y agoDon't they say 20 percent of your cash should be in savings?
- paulryanrogers 3y agoAs an individual perhaps. Should 20% of all fiat be in savings accounts? That may depend on what portion is in the hands of individuals vs companies, governments, etc.
- aNoob7000 3y agoBitcoin as money died a while back. Now, it is going to replace gold and other assets.
- loceng 3y agoI just don't understand why anyone who "hodls" Bitcoin, and the similar, trust the price - as it's not grounded on anything?
- 1970-01-01 3y agoSo it's grounded on encryption. Break the encryption and all is worthless tomorrow.
- BitwiseFool 3y agoIf someone were able to break Bitcoin's encryption we'd have much bigger problems to worry about - It would upend modern cryptography.
- Ekaros 3y agoI think there is enough people who have brainwashed themselves that Bitcoin is the magical new super gold... Add to this cohort of grifters who peddle it and gold... Some "sound money" theorist in too. I'm believe our current economic system entirely bonkers and going to crash, but that doesn't mean we won't build it on fiat again... But some people think we will go back to some type of hard money... For which bitcoin is the internet age grift...
- loceng 3y agoDropped yesterday: "Peter Schiff vs Raoul Pal Debate: Bitcoin Going To $0 or $1 Million & A Great Depression Coming?" - https://www.youtube.com/watch?v=xfHCly1ZCQ0 https://www.youtube.com/watch?v=xfHCly1ZCQ0 Where Raoul has refined his narrative but still ends with attempting to demonize, fear monger, and attempting to instil doubt that (or perhaps it's part of self-soothing) that maybe the other side ("anti-Bitcoiners") is simply too rigid in their logic - and why their logic, that seemingly "pro-Bitcoiners" are starting to understand - so they just need to be sure to loosen up some, in case their solid logic is too strict; the irony here is that thinking or advice here is projecting.
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- oldpersonintx 3y ago[dead]
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- BitwiseFool 3y agoThis is a tangent, but I'm genuinely shocked that "dune.com" is not the website for the Dune franchise.
- feverzsj 3y agoThe global mass migration is driving the value to new high.