suppose they have 59 billion in AUM but if they were to sell even 10% of that the price would crash more than 90%
so they have spent 59 billion but they hold less than 6 billion worth of bitcoin
let that sink in
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Bitcoin is extremely liquid, sure they’d slip if they dumped all at once. But this take is extremely dumb.
Using this logic, investment gdp is also 10% of its notional value.
What asset would be better to hold $60B of? Land? Stocks? Gold?
Nah bro.