re: Official CryptoTalk Thread

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I hope to do a lot more on the BTC ETF's but my Vanguard account does not allow it yet. May have to look into switching to Schwab.

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This is not investment advice and is just information that I have collectively read.

Just wanted to say that since you said you hope to do a lot more on the BTC ETF's, you might want to do that soon before the big hedge funds, pension funds, investment banks, sovereign wealth funds and other big asset management companies finish their due diligence on the new ETFs which will be happening within the next several weeks and months.

These behemoth wealth managers have $100 trillion in assets under management. Once their due diligence is completed and their professional advisors get access to trading the Bitcoin Spot ETFs, if they only advised and collectively convinced their clients to have 1% allocation to the Bitcoin Spot ETFs, that would be $1 trillion dollars of demand pressure on Bitcoin. However 2.5% allocation is a number being predicted. That would be an astronomical $2.5 trillion dollars worth of buying pressure on Bitcoin. Compare that to the Spot ETFs. They (BlackRock, Fidelity etc) currently have only $12 Billion in assets under management in their ETFs. Although very impressive and already impactful to Bitcoin, that's only a drop in bucket compared to the likely tidal wave coming.

Here's just one article from Crypto News on this topic.