Today, Eric Nuttall and Crypto Talk with Terence commented about whether CRYPTO:BTC, NVA-T, ERF-T, MEG-T, WCP-T, POU-T, ATH-T, VET-T, OBE-T, BTE-T, DVN-N, TOU-T, CDV-T, TVE-T, PXT-T, GXE-T, PIPE-T, CVE-T, CNQ-T, ARX-T, AAV-T are stocks to buy or sell.
THE HIDDEN ACCUMULATION
After declaring in 2017 that Bitcoin was most likely headed straight for $0, and currently many bankers still criticize the volatility of Bitcoin and crypto-currencies, there is much less vehemence behind the scenes. It is known, for example, that as of June 2021, Morgan Stanley Bank has "officially" begun accumulating Bitcoins.
Moreover, a recent analysis by MacroScope, a specialist in institutional trades, shows that Morgan Stanley has greatly increased, in many of its institutional funds, the number of its BTC holdings (by buying shares of Grayscale BTC). Most of these are relatively large double-digit increases (e.g. +18% for Morgan's Growth Portfolio). Thus demonstrating the appetite and desire of the American bank for this asset, and it is certainly not the only crypto it accumulates.
According to the analysis, we can see that with the frequency and volume of these purchases, the bank could become the main whale (known) of Bitcoin, and very quickly. Indeed, the CPOAX would have recently bought about $71M in BTC (or more than 1600 BTC). We can therefore understand why JP Morgan Bank, "thanks to the influx of liquidity", is very bullish and sees a BTC of $150,000 in the long term