Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
BNY Mellon now allows clients to hold BTC. This is a very old fashioned US bank.
https://www.forbes.com/sites/billybambrough/2021/02/11/2-trillion-investment-giant-bny-mellon-reveals-bitcoin-and-crypto-plans-digital-assets-are-the-future/?sh=3335447576e4
Sorry if this has been shared, Proactive Investor interview with PW.
Note the hint at 6:07 mark
https://youtu.be/oUQfwLwJ2gw
Let’s say you do a Tesla and invest $1bn, but you only need a few $m of sell / buy orders to manipulate the price downwards in the hope of triggering a chain reaction. If the momentum slows down for a moment it can be powerful. Then you buy in at that lower price and profit from the upwards trajectory. All you’d need is to run a powerful script to trigger buy / sell orders at the most effective spot rates.
In super simplistic terms: MARA is currently a $3.5bn company. BTC has the potential to appreciate threefold (if above $100k). Are we confident miners could grow to become $10bn+ companies? Blows my mind to think of it.
Silly question (solely for the purpose of short term trajectory), but this time it will be impossible to retrace back to £1.04 given BTC price advancing, right? The last big “dilution” saw us retrace to 80p, however BTC was stalling at the time.