CRYPTOCAP ~ Just for posterity, you can refer back to this laterI wrote a reply to some guy, in some thread, and I think its worth just making a timeline-post here about it.....
Copy/paste:
@ArtfulDodger1974, dont worry nothing here will fall. I can tell you confidently that I do business with whales, HNI, etc --- big and smart money. They are going into crypto big. Just yesterday - an example: Steve Cohen manages $22bn and he is setting up a deal right now to jump in. Big. It wont be publicized much I think, but do a search on it in 2-3 weeks.
I could tell you 20 other big money moves going into crypto - that WERE NOT in crypto previously - and THAT is the really big difference right now.
I am sure you can figure this out, but I'll say it anyway: smart/big money doesnt make moves lightly. When we decide to go into something - we are going to ensure it is the right thing, and it is going to be longterm, and viable, and work. Because our money is what decides that.
I was in crypto with my firm about 1.5 years before these guys that are moving en masse now, so I got a bit of a headstart - but I am certainly no Saylor (the "spokesperson" for instituional crypto asset management, if I can peg a label....).
I have also been in crypto PERSONALLY for slightly longer (about 2.5 years? 3 maybe? not counting that I mined bitcoin in 2013-2014 for fun on all the machines at my office when all my employees went home and I ran it over night --- that wasnt much anyway but it was nice to find that old wallet 4 years later and have a little nest egg I had totally forgotton about).
What we are talking about here is the difference between 100,000,000 (100M) poor working class people with an average of $2000 (thats the # thats been reported on robinhood and all these platforms avg trade volume / users), who will invest in something and sell it on an emotional whim or tweet ---- vs a massively growing list of: family offices + venture capital firms + large priv and public companies + "big" HNIs like musk, zuckerberg, and the next 500 on that list.....
So let me break it down:
100m retail idjits * $2000 = $200bn
there isnt even close to 100m of them - but lets just say 100m to be super generous....
--vs--
+ only 1% of the wealth of the top-500 HNIs = $10T
+ only 1% of the balance sheet of the average $100m+ company = $10T
+ only 5% of the asset management of the average-weighted family office/vc/pe firms = $10T
we could add allot more like pension funds etc
so we're looking at a total of >$30T that is already coming into crypto or will be coming into crypto over the next very short period --- possibly 2 years.
remember:
1 year ago we were a $250bn market cap - that was ALL CRYPTOCURRENCIES!
1 year later (today) we are 10x at $2.2T market cap. bitcoin ALONE is over $1T market cap.
if we do another 5x this by next year? we are a $10T market cap asset class.
I do not believe we are going to SLOW DOWN - I believe we are SPEEDING UP.
We could easily become a $20T asset class before you realize it.
The people, and entities, who decide these things: WE ARE BUYING CRYPTO LIKE CRAZY RIGHT NOW.
Its almost all OTC, which means its not on the exchange orderbooks. None of you see this.
