The Wolf Of All Streets SoftBank Buying Bitcoin? Institutions Are Stacking Hard | Crypto Town Hall
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Apr 24, 2025 Dave Weisberger, a seasoned crypto strategist, shares invaluable insights into Bitcoin's evolving status as a strategic asset. He discusses how institutions like SoftBank and Bitfinex are shifting investment approaches by considering Bitcoin for convertible debt. The conversation touches on the regulatory landscape, the speculative nature of tokens, and the future of altcoins. Weisberger also highlights the rising interest from state treasurers in Bitcoin, signaling a shift towards greater institutional acceptance in the crypto market.
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Crypto Likely To Follow Stocks Down
- Stock market and crypto markets are likely to continue downward, with gold performing better.
- A drawdown could see crypto drop significantly more than the stock market, with Bitcoin potentially losing 50%.
Bitcoin's Growing Strategic Momentum
- Bitcoin adoption is growing as a strategic asset with increasing institutional and state interest.
- Its uncorrelated behavior shows momentum towards becoming a global store of value.
Betting On Bitcoin Price Direction
- Use a price bet on Bitcoin's future to measure conviction in market direction.
- Setting a clear price target with an agreed timeframe aids in trading strategy discussion.