“How many trillions of dollars does it take to push money into Bitcoin?” — Bitwise in one sentence, keeping retail traders a little sleepless
At the start of the year, Bitwise’s Matt Hougan said that if the real deal is coming, there could be a wave of institutional capital flowing into Bitcoin—$BTC , measured in “trillions.” Some people think he’s calling it too big. But if you look back, over the past half year, the net inflows into U.S. spot ETFs have already made it crystal clear “who is buying right now”—control has gradually shifted away from you and me, retail traders, and into the vault hands of asset management firms.
Behind this is a change in pricing logic: in the past, Bitcoin depended on a group of people placing trades at bedtime and letting emotion drive the price; now, more and more it’s a pool of capital calculating allocation ratios and running scenarios on balance sheets. The players have shifted from “rebels” to “allocators.” Volatility may be lower—but the warm, heated kind of temperature where a bunch of people lock horns over a single idea is also gone.
What I find a bit moving is this: the more big money steps in, the more the market talks by the rules. The kind of assets that are propped up purely by conviction—by a group of people sincerely willing to believe—end up becoming rarer. Like that little dog 🐶 from the old “story,” mocked all the way through until it finally fermented into consensus. Don’t worry yet about whether it goes up or not—just the fact that “there are people who are willing to believe” is already a piece of leverage that institutions can’t buy. Institutions buy certainty; communities buy faith. The two kinds of money don’t actually have to conflict.
💬 So what do you think—after institutional “big water” officially opens the gates, will assets propped up by community consensus be seen more clearly, or drowned out?
#BIP110软分叉尝试启动 #BTCPay漏洞致闪电节点资金被盗
At the start of the year, Bitwise’s Matt Hougan said that if the real deal is coming, there could be a wave of institutional capital flowing into Bitcoin—$BTC , measured in “trillions.” Some people think he’s calling it too big. But if you look back, over the past half year, the net inflows into U.S. spot ETFs have already made it crystal clear “who is buying right now”—control has gradually shifted away from you and me, retail traders, and into the vault hands of asset management firms.
Behind this is a change in pricing logic: in the past, Bitcoin depended on a group of people placing trades at bedtime and letting emotion drive the price; now, more and more it’s a pool of capital calculating allocation ratios and running scenarios on balance sheets. The players have shifted from “rebels” to “allocators.” Volatility may be lower—but the warm, heated kind of temperature where a bunch of people lock horns over a single idea is also gone.
What I find a bit moving is this: the more big money steps in, the more the market talks by the rules. The kind of assets that are propped up purely by conviction—by a group of people sincerely willing to believe—end up becoming rarer. Like that little dog 🐶 from the old “story,” mocked all the way through until it finally fermented into consensus. Don’t worry yet about whether it goes up or not—just the fact that “there are people who are willing to believe” is already a piece of leverage that institutions can’t buy. Institutions buy certainty; communities buy faith. The two kinds of money don’t actually have to conflict.
💬 So what do you think—after institutional “big water” officially opens the gates, will assets propped up by community consensus be seen more clearly, or drowned out?
#BIP110软分叉尝试启动 #BTCPay漏洞致闪电节点资金被盗