Treasury companies, institutions & ETFs only buy #Bitcoin Over-The-Counter (OTC). ๐ง
This bypasses the Spot market and the order books that actually change the #Bitcoin price! ๐ฏ
Think of it as a wallet-to-wallet transfer. There is NO short-term effect on the #Bitcoin price. ๐คฏ
Most people think they have time to stack Bitcoin โ they donโt.
You donโt need a huge stack to retire, but you do need to start now!
@sminston_with ran the numbers and shows how much you actually need๐
We break down his ultimate Bitcoin retirement guide in BFM167 tomorrowโก๏ธ๐
@CryptosR_Us@Strategy No amount of buying via OTC matters, as you already know. ๐ค
OTC is like transferring BTC from one wallet to another. It makes no difference to the price. ๐ค
@simplybitcoin Think of an OTC purchase as a wallet to wallet transfer. ๐ค
When BTC is transferred from one wallet to another, it has no effect on price, no matter how large the amount is. ๐ค
@simplybitcoin@corybates1895 These big players only buy Over-the-Counter (OTC). Think of OTC as a wallet to wallet transfer. There is no order book involved and therefore, there is no change in price. ๐ค
@Ashcryptoreal It's a actually the opposite of what you say. When Tether mints tokens, it's because of ๐ demand for Tether due to selling of other coins and tokens. ๐ค
@Vivek4real_ I don't get the math you have used to get the the $1 MIL valuation, as you have neglected to tell us how much BTC they are holding. ๐
How much BTC are they holding? ๐ค