Introduction.
In my previous "Bitcoin: DO NOT SELL THE DIP!" -article I touched on the huge news bomb of February 2021: MicroStrategy holds a seminar to teach companies how to include Bitcoin in their business model.
Important data.
- Big Finance and Big Tech moving to decentralized financial system;
- 2017 cycle only to dwarf coming Bitcoin and crypto currency adoption super cycle, driven by Big Money;
- 2021 capital markets better prepared for crypto currency integration with more: custodians, prime brokers, clearing entities, settlement entities, and transfer agents;
- Security exchanges improving;
- Less crypto currency fraud than ever before.
MicroStrategy World 2021 Agenda.
- Tuesday, February 2: MicroStrategy OEM Summit;
- Wednesday, February 3: Seminars on several important business intelligence and administrative management data subjects, AND: Bitcoin Corporate Strategy & Operational Considerations;
- Wednesday, February 4: Presentations by several crypto innovators.
DAY 4 - A look into the heads of several crypto key speakers.
- Brett Tejpaul: Head of Institutional Sales, Trading, Custody, and Prime Services, Coinbase:
“We’ve had an explosion of activity… I joined in April of this year. At that time, our institutional assets under custody were $6 billion. Today, we stand at over $20 billion. So more than a three-time increase…
We’re now measuring the fresh capital coming into crypto principally being allocated to Bitcoin in the billions and so week after week after week we’ve had an explosion of incoming capital.”
- Tom Jessop: President, Fidelity Digital Assets: ”...we’ve started to see more constructive engagement with regulators and we think that will persist into the new year.”
- Mike Novogratz: CEO, Galaxy Digital:
“There’s scores of insurance companies. They’re all going to come. We’ve got a couple big asset managers only. One guy bought $600 million yesterday. I was talking to him. He’s like, ‘Well how far are we ahead or behind?’ I was like, ‘You’re on first base in the first inning.’
So we’re going to see these movements in these institutional buckets over the next couple years. I think $50,000 this year may be easy and $100,000 or $150,000 the next. That’s just as the money moves in.”
- Michael Sonnenshein: CEO, Grayscale Investments: “We are excited about the regulators and their work.“ “A career risk today is probably more not to recommend cryptocurrencies.“
- Jesse Powell: CEO and Co-founder, Kraken:
”And people that started trading with cryptocurrencies first are shocked to find out how the equities markets actually work, with so many middlemen in the process, not actually owning your stocks, having someone else technically own them, having someone else custody them, not being able to move them wherever you want instantly.
It’s a very different system, and I think it’s a system that is really no longer necessary now that we have a crypto system. And I think we’d be much better off with a bare instrument system where people can take their shares, move them anywhere they want, trade them anywhere they want, and trade directly on exchange.”
- Michael Saylor: CEO and Co-founder MicroStrategy:
“Gold is dead money. Sell your gold, buy Bitcoin because other people are going to sell their gold and if you wait until you’ve been front-run by all the hedge funds when they dump their gold, you’re going to be the last person out. I think gold is getting demonetized…
There’s $10 trillion worth of monetary energy in gold right now. Eventually, it will only be the central banks that will want to hold it. Every private rational actor is going to move out of it and move into Bitcoin.”
Disclamer.
This is not financial advice!
