bitcoiner7 nym on Nostr: this means 0.1 percent of their assets under management are in Bitcoin like 1 billion ...
this means 0.1 percent of their assets under management are in Bitcoin
like 1 billion out of 9,000 billion (9 trillion)
so, if this goes up to 1 percent, it is 10x
so they will need to buy 250,000 BTC
is that right?
wonder what that will do to a price...
Published at
2024-01-18 15:31:53Event JSON
{
"id": "941b666a6afe3b1bf61cb8677d53a65a3984407979a25080009e619783982342",
"pubkey": "883628d507486d70f58981b4e03dfcacefc51dd4ef7c7f0df40453a158322c84",
"created_at": 1705591913,
"kind": 1,
"tags": [
[
"e",
"d1cbb2883889db5b50f12bfc460ac0eda4eabc2f10771cd4521b5e006574f634",
"",
"reply"
],
[
"p",
"29904dc1dc3101581a87ccd2b2e35dfa07bf2bbafe2e1feea390916ff1332910"
]
],
"content": "this means 0.1 percent of their assets under management are in Bitcoin\n\nlike 1 billion out of 9,000 billion (9 trillion)\n\nso, if this goes up to 1 percent, it is 10x\n\nso they will need to buy 250,000 BTC\n\nis that right?\nwonder what that will do to a price...",
"sig": "6898eab93df929243f7557c6550799ee5cd1ed990d0c528b7bae777795f7090c15346d0aa4005df305ba2e314b9dd04179518ca897c46c1c512e6f801a285516"
}
