Bitcoin Price Thread

long said:
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.
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This is one of the reasons for this craziness. It's money managers playing with other peoples money. No responsibility whatsoever. Investing into magical internet money.

These people should go to prison.


Remember when 3 Arrow Capital used customers money to buy CryptoDickButt NFTs and then they went bust?
 
orbit23 said:
This is one of the reasons for this craziness. It's money managers playing with other peoples money. No responsibility whatsoever. Investing into magical internet money.

These people should go to prison.


Remember when 3 Arrow Capital used customers money to buy CryptoDickButt NFTs and then they went bust?
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It’s 0.1% of the fund. Definitely not a big risk to the beneficiaries. I would argue that they have a responsibility to hold the best performing asset out there.
 
johnarb said:
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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Most public pensions have a mandate to hold a certain percentage of fixed income usually Treasuries at least to cover the current year's pensioners.

The reality is most of these pensions can't even equal the SPY let alone BTC or ETH. They always outsmart themselves by thinking they need to put money in alternative assets like Private Equity or exotic hedge funds. Really these institutions should just fire all the managers & just invest in SPY, QQQ, BTC & some fixed income to cover the current pensioners but they are addicted to "experts."
 
Susquehanna, now Millennium Management Fund has been outed by 13F filings... but for some reason they do not announce it on press release, wonder why

Prolly nothing...


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https://twitter.com/x/status/1790853288079786280
 
I was getting a little worried. Just recently the Bank of Canada announced high interest rates will most likely go for a very long time (much more than anticipated). Also big warnings of sharp downturn happening, not to mention the banks here are in worst shape they've ever been.

Sold another 10 of my BTC CALL contracts today and closed out Ethereum futures to take advantage of the day and wind down more positions at a profit.

The news posts here on funds isn't anything new. It's expected stuff that was already priced in.
 
SunTrader said:
The Mooch sez pay attention to the smartest people in the world. So he obviously isn't talkin' 'bout the peeps in the prior admin he was 15 mins a part of. :)
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He despises the Orange man... but is conflicted at the moment wrt political party loyalty due to the current administration anti-crypto stance

(my non-political commentary :D, what will be will be)
 
The_Krakenite said:
I was getting a little worried. Just recently the Bank of Canada announced high interest rates will most likely go for a very long time (much more than anticipated). Also big warnings of sharp downturn happening, not to mention the banks here are in worst shape they've ever been.

Sold another 10 of my BTC CALL contracts today and closed out Ethereum futures to take advantage of the day and wind down more positions at a profit.

The news posts here on funds isn't anything new. It's expected stuff that was already priced in.
More...
:confused:

S&P/TSX Canadian Bank Index near highs of the year.

Worst shape hardly.

Your woke thoughts really are messing with you.
 
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