Treasury companies, institutions & ETFs only buy #Bitcoin Over-The-Counter (OTC). π§
This bypasses the Spot market and the order books that actually change the #Bitcoin price! π―
Think of it as a wallet-to-wallet transfer. There is NO short-term effect on the #Bitcoin price. π€―
Most people think they have time to stack Bitcoin β they donβt.
You donβt need a huge stack to retire, but you do need to start now!
@sminston_with ran the numbers and shows how much you actually needπ
We break down his ultimate Bitcoin retirement guide in BFM167 tomorrowβ‘οΈπ
@CryptosR_Us@Strategy No amount of buying via OTC matters, as you already know. π€
OTC is like transferring BTC from one wallet to another. It makes no difference to the price. π€
@simplybitcoin Think of an OTC purchase as a wallet to wallet transfer. π€
When BTC is transferred from one wallet to another, it has no effect on price, no matter how large the amount is. π€
@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. π€
@Ashcryptoreal It's a actually the opposite of what you say. When Tether mints tokens, it's because of π demand for Tether due to selling of other coins and tokens. π€
@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. π
How much BTC are they holding? π€