Bitcoin Price Thread
- Thread starter Magna
- Start date
Yes your dire prediction.
For it to be wrong, we need to set a timeframe or target or some point of reference;
1.) I am wrong if it goes to $100K before $10K.
2.) if it doesn't collapse in 1-2 year time
3.) if Tether gets a legitimate financial audit and their financials are clean and it's fully backed.
I said it could exit pump to 70K due to lots of potential short liquidations(but i don't know if it will happen).
The assumption is that Tether is acting as a reserve bank for crypto and that they are not fully backed with $ or $ equivalents and are lying about their reserves. They print tethers not for real $ but for crypto as collateral and then these tethers are used to prop up the price of cryptocurrencies. So in a sense Tether is a ponzi and it props up prices of all cryptos.
Tether has been around for 10 years now... I can't predict the exact day of it's demise.
Right you can't. Either can I. The difference between you and me is I'm not looking for its demise. If it ain't broke .....
Meanwhile as to Bitcoin if goes higher you are right, if it goes lower you were right. Got it.
From the Flow State daily BTC ETF tracker
“Finally, the biggest news of the day was that the State of Wisconsin Investment Board has $141m in IBIT and GBTC. SWIB manages the retirement savings of Wisconsin state and local government employees, and is the 9th largest state pension fund in the United States. And now, they are the second largest bitcoin ETF holder in the world (excluding market makers and ETF issuers).
The bitcoin constituency just grew by 700,000 Wisconsinites. Pretty big deal I’d say”
I think it’s only 0.1% of their AUM. Extremely bullish in my opinion.
“Finally, the biggest news of the day was that the State of Wisconsin Investment Board has $141m in IBIT and GBTC. SWIB manages the retirement savings of Wisconsin state and local government employees, and is the 9th largest state pension fund in the United States. And now, they are the second largest bitcoin ETF holder in the world (excluding market makers and ETF issuers).
The bitcoin constituency just grew by 700,000 Wisconsinites. Pretty big deal I’d say”
I think it’s only 0.1% of their AUM. Extremely bullish in my opinion.
Like any pension fund, Wisconsin Pension fund was/is probably heavy on bonds, including US treasuries, how did that safe allocation do the past 3-4 years?
I'm sorry but Wisconsin Pension fund fucked up. No other way to say it. The proper allocation was 200 basis points (2%) and they only did 10 basis points
$2.8B vs less than $200M
This was when price of bitcoin was $25k
They were advised live recording on YouTube by Swan and couple of Bitcoiners. I watched this episode within a few days of when it came out
This was serious quantitative analysis using traditional finance metrics
"you can lead a horse to water..."
https://nakamotoportfolio.com/nakamoto/start
https://www.youtube.com/live/rs_bbD7TyTs?si=t8MJmeKpuFzqi7-8
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