Tuesday 12 September 2023

Quick math about potential inflows in BTC market.


With 0.5% out of $16 trillion AUM invested into BTC, this would represent $80 billion in inflows. At current prices that capital would purchase over 3 million BTCs. The amount left in exchanges is significantly less (roughly 1.8 million coins).Out of the top exchanges Binance is the top holder with 550,127 BTC which might not be SEC friendly as a custodian.Don't be a jerk but discussion is encouraged.Sources:Reflexivity Researchhttps://reflexivityresearch.substack.com/p/bitcoin-weekly-update-5Bitcoin Balance on Exchanges @ Coinglasshttps://www.coinglass.com/Balance​https://preview.redd.it/r72ukd2itvnb1.jpg?width=1600&format=pjpg&auto=webp&s=65a8ffd5d865e537d295c148a0669508b526cd0a via /r/Bitcoin https://bit.ly/3ZiOJOM

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