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OTCbid - Bitcoin's price could surge by another $500,000 as institutional investors search for uncorrelated assets, Cathie Wood says

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" The price of bitcoin could surge to more than $500,000 as institutional investors begin to allocate to the relatively new cryptocurrency space, Ark Invest's Cathie Wood told CNBC in an interview on Thursday.

Wood explained that institutions are always in search of investments that are uncorrelated to traditional asset classes like stocks and bonds, and crypto fits that bill.

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"I think institutions are moving in [to crypto] right now," Wood said, adding that they currently prefer the two largest cryptocurrencies, bitcoin and ether. As a whole, according to Wood, institutions barely have any exposure to the space.

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"The reason institutions are moving in is to some extent this is a new asset class with correlations very different compared to other asset classes," Wood explained. A study conducted by Ark Invest found that the asset with the closest correlation to bitcoin is real estate." - Read Full Article

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Source: businessinsider

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1K-200K BTC SELLER AVAILABLE

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid

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Escrow, E2E, F2F, B2B, UK, USA, Dubai, Australia, California

Buyer Mandate Only

- OTCbid.com

 

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NEW: 1K-200K BTC @ -8% gross, -4% net, Escrow, E2E, F2F, B2B, UK, USA, Dubai, Australia, California - Look For Buyer

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(Seller :  TIFZ PAH-GAIL)

Post: 12.12.21

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• A seller is selling 1K-200K BTC @ -8% gross, -4% net​

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• Buyer = 4%

• Buyer side = 2%

• Seller side = 2%​​ (closed)​

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• ​​​PROCEDURE - ESCROW: 

• Seller’s Escrow Agents: UK, USA, Dubai, Australia

• Escrow to Escrow procedure is also possible, the draft SPA escrow to escrow on request

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• 1. SELLER AND BUYER SIGN SPA

• 2. BUYER SENDS FRESH POF FOR FIRST TRANCHE (STATEMENT ACCOUNT)

• 3. SELLER SENDS POC SCREEN SHOT WALLET AND VIDEO

• 4. SELLER AND BUYER SIGN ESCROW AGREEMENT (SELLER NOMINATE ESCROW)

• 5. THE ESCROW CONFIRMS TO THE SELLER AND TO THE BUYER THE ABILITY TO PERFORM BY ENDORSING THE ESCROW AGREEMENT

• 6. BUYER SENDS THE FUNDS TO THE ’ESCROW 1000.00 BTC FIRST TRANCHE

• 7. ESCROW CERTIFIES THAT THE FUNDS ARE READY TO BE SEND TO THE SELLER

• 8. SELLER SENDS THE BITCOIN TO THE BUYER

• 9. SELLER PAYS THE ALL AGENTS AND FACILITATORS IN BTC/FIAT

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• ​​​PROCEDURE - F2F/B2B :

• IN DUBAI/UK/CALIFORNIA

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• 1. BUYER AND SELLER SIGN THE AGREEMENT (BUYER PROVIDE CURRENT STATEMENT ACCOUNT, SELLER PROVIDE WALLET SCREEN SHOT)-SELLER REMOTELY DO VIDEO CALL AND DISCLOSE THE COIN BALANCE ON HIS WALLET DURING THE FACE TO FACE MEETING.

• 2. SELLER AGENT AND BUYER MEET IN THE SELLER AGENT OFFICE IN CALIFORNIA/DUBAI/UK

• 3. BUYER TRANSFER THE FIRST TRANCHE 1000 BTC TO SELLER GIVEN ACCOUNT.

• 4. UPON THE RECEIPT/CONFIRMATION OF PAYMENT, SELLER TRANSFER THE 1000 BITCOINS FROM HIS WALLET TO THE BUYER’S WALLET AND PROVIDE THE SCREENSHOT TO THE BUYER

• 5. SELLER PAY ALL BROKERS AND DISCOUNT TO BUYER BY BTC

• 6. BOTH PARTIES DEPARTS FROM THE MEETING VENUE –SELLER AGENT OFFICE IN CALIFORNIA/DUBAI/UK

• 7. BUYER CONFIRM THE BITCOINS AND PREPARE FOR THE NEXT TRANCHE OF XXXXXX BITCOINS WEEKLY.

• 8. NOTE: NO SATOSHI, NO COIN MOVEMENT FROM WALLET A TO WALLET B PROCEDURE IS NOT NEGOTIABLE.

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• ​​​PROCEDURE - B2B, PERFORMANCE BOND :

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• 1. BUYER SIGNS THIS AGREEMENENT AND SENDS IT ALONG WITH ATV (EXHBIT A) ADDRESSED TO SELLER /BANK STATEMENT OF ACCOUNT TO SELLER.

• 2. SELLER BANK COMMUNICATES WITH BUYER BANK TO VERIFY THE FUNDS AND THEN SELLER COUNTERSIGNS AGREEMENT. BOTH PARTIES LODGE AGREEMENT WITH RESPECTIVE BANKS.

• 3. SELLER BANK ISSUES PERFORMANCE BOND (EXHIBIT C) COVERING THE 5000 BTC FIRST TRANCHE TO BUYER.

• 4. BUYER BANK VERIFIES THE PERFORMANCE BOND AND TRANSFERS 5000BTC USD/EURO CASH EQUIVALENT TO SELLER BANK ACCOUNT (ISSUER OF PERFORMANCE BOND).

• 5. SELLER CONFIRMS THE FUNDS WITH HIS BANK AND CREDIT THE BUYER’S WALLET WITH 5000 BTC, BUYER CONFIRMS THE COIN VIA BLOCKCHAIN 6 TIMES CONFIRMATION AND NOTIFIES ALL PARTIES.

• 6. SELLER PAYS ALL BROKERS AND DISCOUNT TO BUYER BY BTC/FIAT

• 7. NEXT TRANCHE CONTINUE UNTIL CONTRACT EXHUASTED

• The Seller sends PB from Emirates Islamic Bank Dubai / ABU DHABI COMMERCIAL BANK

• Equal tranches : 5,000 or 10,000 BTC (covered by PB)

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BUYER MANDATE ONLY

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Interested parties should contact :​​

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• OTCbid@gmail.com

• DM Raymond Chai (on Linkedin)

• Telegram @OTCbiddotcom

• Telegram: +1 (786) 632 8577

• T.me/otc_bid

• OTCbid.com