RE: Week through Adrian's Lenses (16-22 March 2024)

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RE: Week through Adrian's Lenses (16-22 March 2024)

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outwars in LeoFinance • last year

The Blocktrades update are exciting since a lot are waiting for the smart contracts. But I am actually surprised by the Japan news. That can be a lot of funds that are buying into BTC. And as we've seen, when BTC moves up, alts tend to follow after.

last year in LeoFinance by outwars

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gadrian last year

But I am actually surprised by the Japan news.

If they decide to buy, it'll be one of the assets in a basket they are considering. However, given the size of the fund and the likelihood of others following the example, this can be huge for the price of Bitcoin, primarily.

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outwars last year

Yeah, that's what I was thinking. Even just 20 percent of that amount is huge.

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gadrian last year

I don't think they'd allocate 20% to bitcoin. More like 10-20% to all of the above: bitcoin, gold, forests, and farmland.

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outwars last year

I guess I misunderstood. Well, if they invest 10 percent to those evenly. 25 percent of 150 billion, or 37.5 billion, is still a lot.

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gadrian last year

Right now, we're just speculating, because we don't even know if they decide to do it.

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