VisionofBitcoin

Stacker_Stocks

Bernstein has just INCREASED his price target for BTC:

- 2016: US$150,000
- 2027: US$200,000
- 2033: US$1,000,000 😳

Grayscale's arguments, published in their November report.

![](https://m.stacker.news/121403)


1/ "The supply of Bitcoin will always follow a four-year cycle, but prices will not necessarily."

Historical Price Drops

- Bitcoin has fallen by +10% approximately 50 times since 2010.

- The average price drop from peak to trough is between 25%-30%.

![](https://m.stacker.news/121404)




2/ There are 2 types of Bitcoin price drops:

- Cyclical drops: large and prolonged price declines.

- Bull market drops: average price declines of ~25% and lasting 2 to 3 months.

These occur 3 to 5 times a year during bull markets.

Like any other asset, its potential return is a compensation for its risk. And for Grayscale, the current drop may just be a typical drop.

![](https://m.stacker.news/121405)




3/ Why this cycle might be different?

Grayscale's arguments:

- First: unlike previous cycles, there hasn't been a parabolic price increase.

- Second: Bitcoin's market structure has changed, with new capital entering primarily through ETFs and digital asset treasuries (DATs), rather than retail exchanges.

- Third: the macroeconomic scenario still appears favorable.

![](https://m.stacker.news/121406)




4/ Bottom Line Signs

Grayscale highlighted the current asymmetry in Bitcoin put options, suggesting that investors have already largely hedged against exposure to downsides.

![](https://m.stacker.news/121407)




5/ Macro

In the short term, for Grayscale, the main driver of fluctuations will likely be whether the Federal Reserve cuts interest rates at its December 10 meeting and what guidance it offers on monetary policy rates for the coming year.

Kevin Hassett as a replacement for the Fed chairman could also be a great catalyst.

![](https://m.stacker.news/121408)




6/ In summary:

- Stable long-term institutional capital
- Improving regulatory environments
- Global macroeconomic liquidity
- A growing group of investors committed to the long term.

"Until these factors change, market pullbacks are likely to be temporary and, in our opinion, cryptocurrency markets may be on track for new highs."

Bernstein ($725B) and Grayscale ($50B) say the 4-year Bitcoin cycle has ended

Strategy returning to buying in large volumes at this price is a very positive sign of the company's ability to raise capital even in a stressful scenario.

However, it's important to point out that this spot volume is generally bought via TWAP, something traders can execute via Insilico Trading, for example.

In the futures market, as we see here at CoinAnk, spot buying pressure via sophisticated orders has been occurring alongside a strong presence of sell orders in futures.

With negative funding, this is a classic scenario of bidirectional liquidity absorption, but it reveals low leverage and therefore reduced volatility.

For long-term investors, this is the type of structure favorable for absorption without large variations, allowing the average price to remain within a specific range.

![](https://m.stacker.news/121152)

Massive purchases via TWAP indicate capital strength.

96% of the money came from sales of $MSTR 🚨

Saylor once again dilutes its shareholder base

Just one week after selling $1.44 BILLION of MSTR to build the USD Reserve

And with mNAV near 1

Brutal

![](https://m.stacker.news/121002)

Brutal: Saylor sells more MSTR and pulls 96% of USD Reserve's capital.

From $117M to $443M

Allocated twice as much to BTC as to gold

The world's largest university endowment chose #bitcoin in the "debasement trade"

![](https://m.stacker.news/121001)

Harvard nearly quadrupled its Bitcoin holdings in the third quarter.

Every share sold gives Saylor more money to buy Bitcoin 🔥

![](https://m.stacker.news/120718)


https://x.com/BitcoinArchive/status/1996937080539132091?s=20

Saylor’s STRATEGY put a $STRC ad on the Nasdaq Tower in Times Square

BlackRock CEO: Countries are secretly buying Bitcoin as a sovereign hedge

“Another state, okay 😴”

No. You don't understand what's happening.

We are seeing in real time the unfolding of Bitcoin's most powerful – and most ignored – thesis:

THE SUPPRESSED INSTITUTIONAL DEMAND.

Pension funds, endowments, insurance companies, family offices – all have STRICT fiduciary mandates.

They cannot invest in just anything. Only in what is explicitly authorized by law or internal regulations.

And here's the point nobody talks about:

It's not that these institutions DON'T WANT to buy Bitcoin.

It's that legally they CANNOT.

TRILLIONS of dollars are structurally prevented from entering.

✅ US Pension Funds: $35 trillion
✅ Global Insurance Companies: $30+ trillion
✅ University Endowments: $800+ billion
✅ Sovereign Wealth Funds: $12+ trillion

We've seen some start allocating.

But a large part of this group can't simply wake up and buy BTC.

They need:

→ Regulatory change
→ Board approval
→ Authorized vehicle
→ Precedent from other funds

Each law like Indiana's doesn't CREATE demand.

It RELEASES demand that already existed, pent-up.

It's like a dam.

The water is already there. Pressuring. Waiting.

Each piece of legislation opens a floodgate.

And there's more:

Why do you think spot ETFs broke ALL launch records in history?

It wasn't marketing.

It was institutional capital FINALLY having an authorized vehicle. Years of pent-up demand coming in weeks.

And that was just the first gate.

Indiana is next. Arizona passed a similar law. Utah too. Texas is on the way.

The race has begun.

Do you know the irony?

While retail is focused on price and trying to "catch the bottom"...

...pension funds are RUSHING to change their mandates before the next gate opens.

They know that whoever arrives last pays the most.

The move is clear:

Bitcoin doesn't need to convince anyone new.

It only needs regulatory barriers to fall.

One by one.

State by state.

Institution by institution.

![](https://m.stacker.news/120622)

Indiana just passed a bill letting public pension funds invest in Bitcoin.

CEO of Fidelity, the third largest asset manager in the world: "I own Bitcoin"

VTB, Russia's second-largest bank and a state-owned institution with approximately US$350 billion in assets under management, is considering offering Bitcoin-related products starting in 2026.

Currently, the bank serves about 60% of the country's largest companies.

Last week, Russian authorities reinforced that there are no technical impediments to the use of Bitcoin. This move indicates progress in integrating the digital asset into the local financial system, within a strategy of diversification and modernization of financial instruments.

![](https://m.stacker.news/120605)

Russia's second-largest bank plans to enter the Bitcoin market.

- For the first time in HISTORY, spot trading of Bitcoin will be allowed on traditional US commodity exchanges.

The CFTC said this is to make the US the "crypto capital of the world."

![](https://m.stacker.news/120485)

US Releases Bitcoin Spot on Commodity Exchanges — A Historic Moment

BlackRock, Fidelity, Morgan Stanley, Bank of America… and now even Vanguard.

The world's largest asset managers and banks have not only accepted Bitcoin, they now officially recommend having 1% to 5% in BTC.

Zero exposure is no longer "conservative."

Now it's negligence.

Trillions of dollars that were locked up in Bitcoin have just gained access.

The wall has fallen.

Liquidity is flowing in.

And the traditional financial system has finally admitted it:

![](https://m.stacker.news/120476)

Wall Street's Historic Shift to Bitcoin

In recent days, the largest asset managers and banks in the US have officially begun recommending that their clients hold Bitcoin in their portfolios:

• BlackRock: 1%–2%
• Fidelity: 2%–5%
• Morgan Stanley: 2%–4%
• Bank of America: 1%–4%
• Vanguard: finally allowing the purchase of BTC ETFs

The message is clear:
not having exposure to Bitcoin is no longer a “conservative” stance.

On the contrary, it is now seen as a financial risk.

Bank of America alone manages US$2.1 trillion in assets.

Just 1% of that entering already means almost US$100 billion of potential flow into the BTC market.

And remember:
for years, managers couldn't even recommend Bitcoin.

Now they are actively advising to buy.

The trillions that were locked behind the gates of the traditional system…
finally have access.

The game has changed.

The wall has fallen.

And Bitcoin has just officially entered the institutional phase of global adoption.

The risk was never Bitcoin.

The risk was always being left out.

What is happening with Bitcoin now is historic, and irreversible.

If you change that, the joke could become serious.

![](https://m.stacker.news/120425)

This increase with these ETF flows is interesting.

The Fed just injected $13.5 billion into the US banking system through overnight repurchase operations.

It's second only to the amount of money printed during Covid in 2020 😱

![](https://m.stacker.news/120370)

Warning sign: Fed makes largest liquidity injection since 2020.

With today's announcement of establishing a dollar reserve covering at least 24 months of dividends ("interest") on preferred shares, a significant portion of short-term risk has been eliminated.

Now it's a matter of raising the yield on preferred shares to a level where they become machines for attracting fiat currency (bad money).

As long as it's true that Bitcoin will appreciate more than the cost of these fundraising efforts, the trend is for the company to become a global fiat money black hole, sucking in everything nearby.

We are witnessing history unfold.

![](https://m.stacker.news/120134)

Strategy is creating the perfect digital credit acquisition machine.

Bitcoin ETFs have existed since January 2024.

But Vanguard clients couldn't buy them.

Starting tomorrow, the world's second-largest asset manager will finally release access.

TRILLIONS in demand are blocked.

The suppressed capital is MUCH larger than it seems.


https://x.com/BitcoinMagazine/status/1995605482242015730?s=20

Vanguard finally opens its doors to Bitcoin ETFs.

Transferring GOLD vs transferring BITCOIN

- MSCI attacks companies with over 50% of their assets in Bitcoin, while they themselves hold 70% in intangible assets.

- S&P attacks Tether for its low collateralization – even though they have SUPER-COLLATERALIZATION – but everyone thinks it's normal for banks not to hold 10% of people's money.

- The IMF prohibits El Salvador from buying Bitcoin but has no problem with fiat currencies devaluing infinitely.

Tradifi vs Blockchain-fi

1 trillion seconds = 31,700 years.

Your money is being DILUTED at a speed the human brain cannot process.

This is why we Bitcoin

![](https://m.stacker.news/119519)

US debt now grows by $1 TRILLION every 180 days.

Confirmed bearish trend in 2022 and bullish trend in 2023

On November 13th, BTC lost this level for the first time in this cycle

So the scenario is bearish until it recovers to ~$100k

The good news? It's only a 12% upside from here 👀

![](https://m.stacker.news/119481)

Simply the most important line of Bitcoin.

The MVRV Z-Score 2yr has just reached the highest oversold level IN Bitcoin HISTORY.

Every time this has happened, what followed has been EXPLOSIVE.

![](https://m.stacker.news/119350)