Yeah this is getting out of control, and it is only the beginning. Truth be told, I was wondering if my prediction of $250k Bitcoin in 2021 was ridiculous. How in the world could that possibly happen?
Now I'm going to be surprised if it doesn't happen.
It seems as though even institutions fall victim to the intoxication of Bitcoin. You get some Bitcoin, and then you want some more, and then you get some more, and then you're thinking about how you're gonna get that next score. Bitcoin: the gateway drug.
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Haha yep, and this is just one company. What happens when a couple more companies start doing this? And then a couple more after them? It won't take many of them getting involved like this before there is no more supply out there and the price has no where to go but up. MSTR, the company that helped corner the bitcoin market!
And when you consider that worldwide only around 1% (if I remember correctly) are involved ...
Not only that, but all the institutions are saying we should have 1% of our assets in Bitcoin as a hedge. What happens when they are like, "You, know what? 2% is smarter now... no wait 3%... no wait 5%."
This is already happening.