I highly doubt that considering these institutions have the ability to not be distressed sellers in the bear market. They aren't going to get a higher return anywhere else and they know it. It's so easy for them to justify buying the top knowing it's basically guaranteed to be higher in 4 years.
I would certainly welcome being wrong here.
Stability in Bitcoin would be amazing.
I was thinking of it more in terms of pure resources. They're likely buying with fiat... consider that $200K BTC is a $4 trillion financial instrument... it takes a a lot to move something that size by even 100%... even with headwind, the likes of Amazon, Apple and Microsoft are lucky to move 50-75% in 12 months; their moves were much bigger when they were $500B stocks, not so much as $3T stocks... my point being that there's only so much gasoline available to pour on the fire...
=^..^=
It takes a lot to move an asset that has volume and market participants that are willing to sell. That's not Bitcoin. It doesn't matter how high the market cap goes. What matters is who is willing to sell when the price goes higher. Bitcoiner's base their entire personality on HODL. It's a completely different situation because everyone knows more can't be printed out of thin air like a stock.
Good point; I have no data on BTC HODLers vs. traders (3-6 months or less) who just buy and sell on market movements.
Yeah so basically as long as these institutions have a financial incentive to HODL along with the rest of the community then liquidity will stay thin and the price can go anywhere. And they totally do have even more incentive than regular people because they can create derivatives and leverage that wealth in ways that plebs could never dream of. It's gonna be a weird situation honestly.
I’m not sure that those who want to shake Bitcoin out of the fat wallets of fat holders at a low price are interested in stability :)
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