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I don't know much about institutional finance but presume there's an exposure limit for a balance sheet.
If price swings so high that big players are forced to take profits to reallocate, won't that start to look like the old dumpin whale days? Or will we have spread out so much it won't blip? Hmmmmmmmmmmm
Thanks for posting this (have never understood traditional finance) but watched a talk with the Anthony scarammuci (sorry sp). His opinion is that institutions look at BTC more favorably at these price levels. Essentially the asset needed more market cap adoption before they could invest.