Thread by @JoshTerryPlays

Big institutions currently have about ten trillion dollars invested in alternative assets.

Alternative assets are things that offset the movement of the stock and bond markets. They're used for more risky or uncorrelated investments.

Thread below about #BTC

There's almost five hundred billion dollars worth of bitcoin.

$498,033,281,511
Price per bitcoin - $26,843.00

If large institutions moved one percent of their alternative asset allocation into bitcoin, then bitcoin would be worth $36,244.44

There's roughly nine trillion dollars worth of gold in the world.

$9,000,000,000,000

Which is about five and a half times the value of the company Amazon.

If bitcoin matches the market cap of gold due to institutional investors using it as a store of value.

Then the price would be about half a million dollars per bitcoin.

$486,486.00

If bitcoin matched the market cap of gold, and the value of the dollar was cut in half over the next forty years like it did in the previous forty years, then that would be awfully close to a million dollars a coin.

$972,972.00

I don't actually care about the bitcoin math though. None of it means anything without real human behavior behind it.

I'm interested in the fact that a billionaire has been spending his time buying two thousand dollars worth of bitcoin every second.

shoutout to @michael_saylor

@Grayscale owns more than half a million bitcoin and they're buying more bitcoin per month than are being mined.

And institutional investors are preparing their funds to be ready to buy in when a bitcoin ETF is finally released in the public markets.

The current behavior around bitcoin aren't the actions of rookie retail investors excited about a trend.

These are the actions of wealthy people preparing to make bitcoin another boring thing they own, that is part of a logically risk adjusted portfolio.

Now that's interesting.

Here are bitcoin price thoughts in video form.