+sacks indicates they’ll sell everything not Bitcoin.
This is one of the more underrated statements and moves. The next logical wave of $ into Bitcoin is from the uninitiated crypto holders or those on the sidelines conflating Bitcoin with crypto.
I put the impact of the sale of $200m or so in crypto holdings at a $20B swing in the crypto markets at large. I give it a month to be realized in full.
$5B out of crypto from this move into Bitcoin.
$5B in fiat or private equity capital on the sidelines that now goes into Bitcoin.
This is a snowball type amount of money for how much crypto as a whole is struggling with liquidity.
That’s why I think this is an underrated educational piece for those that have the risk pallet but just don’t have the final piece of conviction that the USG could give.