gentlemand
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Baby Blue Panties


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January 31, 2015, 09:39:33 PM


We manage a treasury of bitcoins, dollars, euros, Canadian [dollars], and pounds. Constantly we're managing our portfolio to make sure we have enough of each currency, so we are always in the markets trading... It's interesting today in the markets, I would say a year ago, or maybe a year and a half ago, the markets did not have enough liquidity. We couldn't have sold a million dollars worth of Bitcoin in a day without dramatically moving the markets. But things have changed. There's a lot more participants now. We can move a million dollars a day and you wouldn't even notice that we're trading just because there's a lot more volume and more buyers and sellers in the market.

We also have a lot of hedge funds that want to accumulate Bitcoin positions, so when we have these huge spikes we also have some off-market opportunities to sell those. You'd be surprised at how many Wall Street firms are starting to accumulate Bitcoin positions that aren't talking about Bitcoin yet. There's a lot going on behind the scenes, as well as some private family wealth funds and things like that.

Pah. What do they know? I put my faith in the repetitive jpeg posters and embittered doomsters on here. Our future is unquestionably in their hands.