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The Wall of Money continues - it is coming in fit fast and furiously at this stage. (Patreon)

Published:
2021-02-08 15:34:53
Imported:
2022-03

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Bill Miller plans $400M Bitcoin investment via GBTC

Hedge fund legend Bill Miller is exhibiting an even larger appetite for Bitcoin ( BTC). According to a Friday filing with the United States Securities and Exchange Commission, The Miller Opportunity Trust is seeking indirect exposure to BTC via the Grayscale Bitcoin Trust.

Comments

Anonymous

Strange to me that they would choose the fund...

Anonymous

Love seeing them all buying!

Anonymous

Oh yes I forgot about that!

Anonymous

My thought is as time goes by the bottom line for Bitcoin will continue to go up. As of now, I think the bottom for any correction is about 36,000 or so.

Anonymous
>>53185313

I think more as a weighted bell curve; there is always a chance it'll go aaaaall the way to zero. It's essentially zero, but it isn't quite zero. Then ~0.05 it'll end up back under I guess $10K, etc. The midway point where a correction is most likely to reverse by, that definitely went up by ~a lot today... 30-36 is probably about right...

Anonymous

So what would everyone think the lowest Bitcoin would go to in the future. I really don't see the possibility of any additional major corrections.

Anonymous
>>53186440

$28.5K appeared to be a solid bottom. It was bought up right away. Lots of support at that level.

Anonymous

Pricing of btc i think is a difficult thing to gauge. If you have millions or even billions to invest at these prices its neither here or there when you buy, you just go all in and don’t need to DCA because of the limited supply. Us on the other hand need to consider the cost and the fact of limited supply.

Anonymous

The last resistance high is now support short term 41k then the one prior to that 38.5k then the MAs.. somewhere in that window on a pull back until the chart uptrend changes

Anonymous

Here is an interesting chart that I came across. It shows the difference between when whales buy and sell BTC and when retail investors buy and sell. The blue line at the top is the price of BTC, the purple and brown lines below are whales and the blue line below are retail investors. You can see that overall retail is selling when whales are buying, very telling!

Anonymous

Sorry could not get the image to post, here is the URL: https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F37e4b5a3-74d3-4908-958a-387e9f38c58e_1280x696.png