Ordinary people are getting further and further away from Bitcoin, and the opportunity to buy low is gone forever.
ARK mentioned in a recent report that if estimated by average cost, as of the end of August, Bitcoin ETF holders have already incurred losses.
In fact, the cost of institutions entering the market later is very high, and a set of data can illustrate the problem:
1. In the second quarter, the largest buyer of Bitcoin ETF, investment advisors (entities or individuals registered as investment advisors), purchased $1.1 billion in Bitcoin at an average purchase price of $66,800.
2. In July, Marathon Digital purchased 2,282 BTC at an average purchase price of approximately $55,000. From August 12 to 14, Marathon Digital increased its holdings of 4,144 Bitcoins for $249 million, with an average purchase price of $59,500.
3. From August 6 to September 12, 2024, MicroStrategy increased its holdings of 18,300 BTC for $1.11 billion, with an average purchase price of $60,408.
When American industrial capital no longer considers price as the main consideration, buying Bitcoin has become a long-term strategy for achieving its financial goals.
