RE: The Evolution Of The Cryptocurrency Industry
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what would happened if these big boys would start dumping bitcoin at the same time for whatever reason, do you think that is a possibility going forward ?
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It is always a possibility but highly unlikely, especially as more bigger players get involved. They all have different timelines and reasons for being in it (well they are all in it to make money obviously).
For example, a Mass Mutual takes a totally different approach than a Tesla or a Microstrategy.
What is more likely to happen, instead of selling, is that they will leverage the Bitcoin holding via collateralization. That way they dont have to pay tax on the gains and can get liquid money against their holdings for other purposes.
If Bitcoin truly does become a store of value while holding strong, then that is a realistic possibility for these companies.
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I see, but if their collateral ( i.e bitcoin) halves in value which is totally possible with bitcoin's swings. How does that affect things?
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