How Orange-Pilled Billionaires Move The Bitcoin Market
During Bitcoin 2022, a group of high-net-worth investors gave insight into the perspective of whales and their future in the bitcoin market.Highlighting the perspective of “whales,” bitcoin investors with access to significant amounts of fiat capital to inject into the market, a slew of high-net-worth Bitcoiners spoke to attendees of the Bitcoin 2022 conference in a panel titled “Billionaire Capital Allocators.”The panel featured Ricardo B. Salinas; the Mexican billionaire chairman of a multifaceted conglomerate who has called bitcoin a better asset than gold; Orlando Bravo, the....
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When it comes to valuation of any commodity there are two main players in the game, producers and investors. Let's take an example from the real world orange juice market. There are producers, the orange farmers, who utilize their land to create material commonly known as oranges. The primary requirements to produce oranges are land, farming equipment and labor. Add the cost of the resources together and the farmer has a base price in which he is willing to sell them. Orange juice manufacturers are buyers of the oranges to produce a good, orange juice, that we all enjoy from time to time.....
A survey showed that more than 70% of respondents believe they have the right tools to become crypto billionaires. While some Americans believe that they could become billionaires by trading cryptocurrencies, some Redditors think that it may be better to aim for lower and more reasonable goals, such as becoming millionaires. In a study, market research firm The Harris Poll surveyed 1,989 United States adults and found that more than 70% are confident that they have the right tools to become billionaires someday. However, community members on the cryptocurrency subreddit had other goals in....