In early January 2020 a handful of people in USA started sounding the alarms of coronavirus. Most of them were met with ridicule by mainstream media, healthcare experts, world leaders.
I wonder if we are in that phase of the bull run right now. I sense some growing skepticism and I have a feeling this time the skeptics may be wrong about corrections or pull backs. The timing feels appropriate since Microstrategy's first announcement. It takes months for institutions to get ready with funds, approvals, exchanges and start buying. A few have made announcements since, notably: Paypal, Fidelity, Square. Grayscale keeps scooping up bitcoin like nobody's business.
Do you believe that more institutions are just getting started right now or not?
Do you believe no more institutions are waiting in line to execute their orders (and make announcements) or not?
Do you believe some key high-net-worth individuals (> 10MM USD) are getting in touch with some of the bitcoin luminaries and figuring out process or not?
Depending on how you arrive at these answers, we are either starting a major bull run or we are already running too hot and there will be a cool off soon.
Thought experiment: Lets say you are a HODLER for 2+ years and a high-net-worth individual comes to you and claims they'd like to put atleast 100K into bitcoin soonish so that they can secure their spot. Would you recommend they buy now or wait?
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