The thing is though, if it's mainly institutions buying and pushing the price up and it's likely to be more of that the higher the price goes, then who's it going to be selling to bring prices back down that much? Will there be enough retail buyers to do that?
Posted Using LeoFinance Beta
Retail is always the last ones to jump in. So institutions may get it to $100k or so, but it will be retail that takes it to $200k etc. And then it will be them that panic sell on the way down, helping to cause the big crash I am talking about. All part of the animal spirits that tend to take over and repeat time and time again.