Thinking macro for a minute... where are institutions going to accumulate Bitcoin? Answer = A long term sign of strength area.
Buying the bottom is for dreamers and believers. That is risky. Most corporations are not interested in such speculation.
However, each time Bitcoin starts a new halving cycle, and creates new all time highs, it creates a cycle breakout that is typically never even retested, and the price basically never looks back. So in the grand scheme of things, it's a great place to invest, even if it's the highest price to date in the eyes of simpletons. Furthermore there is a lot of liquidity in this area, as retail investors have finally made their $5 profit; and want to bag an ego win, so they're happy to sell the new top. Bank a little profit, and ultimately miss out on the huge gains just a few years ahead.
Bitcoin supply is limited. Whilst the population, economy and monetary supply (fiat) keeps increasing. It is utterly inevitable that the price of bitcoin keeps increasing so long as trust in the decentralized, transparent, provably secure system is maintained.
So it's a good investment. Irrelevant of the day to day dramas.
Institutions cannot day trade pennies like the rest of us without creating huge price slippage, as there is not enough liquidity in the market to do so. We've all tried trading low cap crap coins, and new DEFI projects, where even a few hundred dollars can move the price 10% or more. Institutions have the same problem with Bitcoin, just they are dealing with many more zeros than we are used to. So they just keep things simple. Work the macro cycles, accumulate as much as you can during the all time high breaks. Wait a couple years, and multiple times your money can be cashed out at your leisure. No rush to sell a specific top, anywhere within a 100% range will happily satisfy their overall ROI.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.