Bitcoin’s Potential Trajectory Compared to Berkshire Hathaway Shares
A crypto trader has raised concerns that Bitcoin (BTC) could become too expensive for ordinary retail investors, drawing a parallel between its potential trajectory and the high-priced shares of Berkshire Hathaway on the New York Stock Exchange (NYSE).
The trader, Oliver Velez, argued that Wall Street’s increasing interest in Bitcoin could drive up prices, making it even more inaccessible for individual investors. He compared this situation to the Class A shares of Berkshire Hathaway, which are currently trading at $554,318 and out of reach for most investors.
Wall Street’s Embrace of Bitcoin
According to Velez, Wall Street plans to implement a similar strategy to isolate retail investors from Bitcoin, similar to how Berkshire Hathaway shares are limited to a select group. The recent shift in attitude from Wall Street institutions towards Bitcoin and crypto suggests that they are warming up to the idea.
As institutional investors prepare to enter the market, BTC prices are rising, with expectations of further gains once the US Securities and Exchange Commission (SEC) approves a suitable investment vehicle.
Financially Cordoning Off Bitcoin
Velez believes that Wall Street will intentionally push Bitcoin prices higher to make it unaffordable for retail investors. This strategy would effectively cordon off Bitcoin and prevent ordinary users from gaining exposure to it.
This barrier could hinder users who see Bitcoin as a potential tool for financial freedom. Velez suggests that buying the coin at current spot rates may be a viable strategy for those seeking financial freedom.
BTC Price Outlook and SEC Approval
Despite these concerns, the Bitcoin community remains optimistic as prices continue to rise above $45,000. The possibility of the SEC approving a Bitcoin ETF in the near future has further boosted market sentiment.
If authorized, this investment product would allow institutional investors to gain exposure to Bitcoin through traditional channels, potentially driving up demand and pushing prices even higher.
The current bullish trend in Bitcoin’s price, coupled with favorable regulatory developments, could accelerate the race towards $50,000 and possibly surpass the 2021 highs of $69,000.
Hot Take: Wall Street’s Influence on Bitcoin Prices
As Wall Street shows increasing interest in Bitcoin, there are concerns that prices could rise to a point where retail investors are unable to afford it. This scenario draws parallels with the high-priced shares of Berkshire Hathaway. Some analysts believe that Wall Street institutions may intentionally drive up Bitcoin prices to financially isolate retail investors from the cryptocurrency. While this may hinder accessibility for some, it also highlights the growing acceptance and adoption of Bitcoin by traditional financial institutions. The ongoing bullish trend in Bitcoin’s price, coupled with potential regulatory approvals, suggests that the cryptocurrency market may continue to see significant growth in the coming months.
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