Bitcoin just surpassed the $1 Trillion US market level on CoinMarketCap!!! This number has been a target of many proponents as the first step towards achieving parity (and ultimately surpassing) gold. It also opens up another "class" of investors as there are entities out there unable to invest into any asset classes with less than a trillion dollar market cap. Huge news!!!! $1,000,000,000,000!!!! That's a lot of zeros. :-)
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Oh, that's interesting. I didn't know about the limit on investing in less than 1T market cap.
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Yes, there are some huge entities out there that are limited in what they can invest in because they absolutely MUST have liquidity. $1T is usually the number they need. Pension funds are a typical example. TBH, I don't know how many there are out there but, one thing I DO know is that most of them are gigantic. Like billions and billions of dollars. In other words, they wouldn't have to put a very large percentage of their funds into BTC for it to be a pretty big buy. $1B could be a fraction of 1%....
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