$BTC I regret a little buying some spot around 84k. Later, I thought there were better positions, so I sold. Maybe I should just hold for the long term 🫥
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GateUser-d02f5f4b
· 12-05 05:28
Bears, come in and tell me—how is the price of $BTC supposed to drop when these mega institutions are buying in?
US wealth management channels are opening their doors to BTC and crypto assets. Let’s talk about the institutionalization of crypto assets. Yesterday, besides the big news that US Vanguard Group is now allowing crypto asset ETFs to be traded on its platform, the biggest headline was that the nation’s largest commercial bank, Bank of America, officially recommended that clients allocate up to 4% of their funds to Bitcoin and cryptocurrencies. In fact, banks started making these moves two months ago, but at the time, market volatility meant not many people took notice.
1) Two months ago, in early October, Morgan Stanley announced it was expanding crypto investment channels to all clients and allowing such investments in any type of account, including retirement accounts. Starting October 15, Morgan Stanley wealth management advisors could promote crypto funds to any client.
2) In mid-October, Citibank stated it would launch institutional-grade crypto custody services at the beginning of 2026.
3) JPMorgan also announced around the same time that its clients would soon be able to trade Bitcoin and other cryptocurrencies. $BTC
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Blablablablaa
· 12-04 09:15
yep, I did the same thing, but think it will go down again the next 24 hours..
Reply0
JohnnyPsih
· 12-04 09:13
What do you think about Pippin, aren’t you going to short it?
$BTC I regret a little buying some spot around 84k. Later, I thought there were better positions, so I sold. Maybe I should just hold for the long term 🫥