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Been another month, and today bitcoin broke through $20k, reaching a new All Time High! So far the bitcoin price is still sticking pretty close to the predicted price using the S2F model. If things continue on the same path, then 2021 is going to be an amazing year for bitcoin. So far this year has already seen great returns for bitcoin holders. This thread started with bitcoin priced at around $4k, and today it has breached $20k. Not bad at all. The last few months has seen some major players / institutions buying into bitcoin and finally joining in the party. EG: MicroStrategy first bought $250 million in bitcoin (BTC) on Aug. 11, followed by an additional $175 million worth of BTC one month later. Michael Saylor then purchased 2,574 bitcoins for $50.0 million in cash bringing the business intelligence company’s treasury holdings to approximately 40,824 bitcoins. The $475 million of excess cash in the cryptocurrency, has pushed Nasdaq-listed MSTR shares higher for weeks Now MicroStrategy has raised $650 million to buy even more bitcoin, bringing its total exposure to bitcoin to approx $1.1 billion. DBS Bank of Singapore has officially announced the arrival of its digital assets exchange, with trading to start next week. The DBS Digital Exchange is 10% owned by Singapore’s SGX stock exchange. It will also provide tokenization of securities and other assets, as well as bank-grade custody for digital assets. The new exchange will facilitate spot exchanges from fiat currencies to cryptocurrencies and vice versa Ruffer Investment (UK) did a Massive Bitcoin Buy of $744M - "Ruffer's exposure to bitcoin currently totals around £550m, equivalent to around 2.7% of the firm's assets under management" MassMutual, a U.S. life insurance company with $567 billion of assets under management announced that they purchased $100 million in Bitcoin for their general investment account. MassMutual noted that the investment is part of a broad strategy, with the goal of achieving “measured yet meaningful exposure to a growing economic aspect of our increasingly digital world." PayPal is also launching a new service enabling users to buy, hold and sell cryptocurrency. PayPal will enable cryptocurrency as a funding source for digital commerce at its 26 million merchants... Square buys $50 million in bitcoin, and says cryptocurrency ‘aligns with company’s purpose’ "Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million." This represents about 1% of Square’s total assets as of the end of the second quarter of 2020. “Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose,” the company said in a release. Soooooooooooo what do all the 'big brains' in these companies know that the masses dont?? I think this year coming is going to be insane....lots of bitcoin press and the price will reach amazing new all time highs...but lets see how it all plays out. Luckily we are all front running these big guys, and have been dollar cost averaging into bitcoin for ages....