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.
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.
Yeah, that's what I was thinking. Even just 20 percent of that amount is huge.
I don't think they'd allocate 20% to bitcoin. More like 10-20% to all of the above: bitcoin, gold, forests, and farmland.
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.
Right now, we're just speculating, because we don't even know if they decide to do it.