Michael Saylor kicked off the institutional bull run when Microstrategy had announced its first 500 Million dollar purchase of Bitcoin. Following his lead, we saw Dan Shulman from PayPal beginning to acquire more than the daily supply of newly mined bitcoins. Some other important players in this frame include Janet Yellen, Elon Musk from Tesla/Space X, Jack Dorsey from Twitter/Square, Barry Silbert from Grayscale Trust, Mike Novogratz from Galaxy Digital, Mark Zuckerberg from Facebook, and Ray Dalio from Bridgewater Associates.
In the background you’ll notice Bitcoin’s famous stock to flow model published by Plan b @100TrillionUSD. This model projects Bitcoin well into the 6 figures by end of 2021, will Plan B’s model prove to be accurate as we see the tidal wave of institutions and the bitcoin supply Nakamoto shock begins to sets in?
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