M0rph3us on Nostr: The #bitcoin bullrun is cooking: Wall Street have massive FOMO now. Publicly traded ...
The #bitcoin bullrun is cooking:
Wall Street have massive FOMO now. Publicly traded companies in the US are required to file quarterly reports (Form 10-Q) to SEC. Morgan Stanley, JPMorgan, Wells Fargo, Royal Bank of Canada, BNP Paribas, UBS and Millennium Management all reported to hold BTC. In the same time they are using Futures ETFs to short BTC to create lower prices. May 15th was the last filing deadline. I believe Apple, Microsoft and a lot of big players waited to buy #bitcoin until May 16th so that they don’t need to disclose it before the next filing in August.
Also Trump is potentially announcing next week that he will use BTC as a reserve asset if he becomes President. This will create game theory between countries. I’m not sure it’s a smart move by him because other countries can front run USA before he comes to power.
It also looks like Michael Dell feels he is done stacking and is starting to talk about BTC which he knows will pump his bags.
Wall Street have massive FOMO now. Publicly traded companies in the US are required to file quarterly reports (Form 10-Q) to SEC. Morgan Stanley, JPMorgan, Wells Fargo, Royal Bank of Canada, BNP Paribas, UBS and Millennium Management all reported to hold BTC. In the same time they are using Futures ETFs to short BTC to create lower prices. May 15th was the last filing deadline. I believe Apple, Microsoft and a lot of big players waited to buy #bitcoin until May 16th so that they don’t need to disclose it before the next filing in August.
Also Trump is potentially announcing next week that he will use BTC as a reserve asset if he becomes President. This will create game theory between countries. I’m not sure it’s a smart move by him because other countries can front run USA before he comes to power.
It also looks like Michael Dell feels he is done stacking and is starting to talk about BTC which he knows will pump his bags.