The story in New Jersey, USA, has recently taken a new turn. This state, which manages a $9.5 billion pension fund, is quietly increasing its exposure to Bitcoin in an interesting way—by adding to its holdings of MicroStrategy, the world's largest corporate Bitcoin holder, with a recent investment of $16 million.
This is not an isolated event. Looking ahead to 2024, the adoption of Bitcoin and digital assets is clearly accelerating, gradually moving from niche topics to mainstream awareness. State governments, multiple countries, and traditional financial institutions are beginning to view this asset class with a more pragmatic attitude. Although their steps are still cautious, this shift in attitude is quite intriguing in itself. Actions by institutional investors often indicate a deeper change in market perception.
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MetaverseLandlord
· 6h ago
Retirement funds are starting to buy the dip, traditional finance is finally not pretending anymore
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That MSTR money is definitely vampire-like, but this move by institutions shows they understand everything
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New Jersey is playing it very smart, if direct approaches don’t work, then they go for the indirect route
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16 million sounds pretty虚, but going from zero to this number itself is a signal
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I just want to know how many other states are secretly doing this, anyway it’s definitely not just New Jersey
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Mainstream acceptance ≠ bubble burst, be careful that once this story is over, they’ll start chopping the leeks
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What does institutional action mean? It means they’re not even sure, just going all in to test the waters
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blocksnark
· 6h ago
Now even pension funds are starting to play with MSTR, traditional finance is really slowly bowing down
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16 million may not sound like much, but it's a signal—officials are beginning to accept it
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Damn, New Jersey's move was brilliant; seemingly stable on the surface but actually all in long ago
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In 2024, this wave of acceptance is indeed different from the past; institutional pace is the best indicator of the trend
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Pension funds daring to move indicates that the attitude from above has truly relaxed
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Choosing MSTR as a springboard was clever; it offers exposure while avoiding public opinion
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Wait, does this mean more state governments will follow suit?
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Institutional recognition > retail recognition, an eternal truth
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Quietly increasing positions is the most aggressive move; it may look slow but actually moves the fastest
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Finally, those within the system are no longer pretending to sleep
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TommyTeacher1
· 6h ago
Pension funds are quietly accumulating MSTR now, this time we're really turning things around.
MicroStrategy has become the Trojan horse of traditional finance, I told you so.
This move in New Jersey, what it hints at needs no further explanation.
$16 million? This is just the beginning, brother.
The signs of institutional entry are becoming more and more obvious. Who still says Bitcoin is a scam?
Mainstream finance is starting to take it seriously, oh my God.
This is probably the prelude to the so-called "large-scale institutional accumulation."
Waiting for the response in the second half of 2024.
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token_therapist
· 6h ago
The signals of institutional entry are becoming increasingly obvious, even pension funds are daring to move, traditional finance is really afraid of being abandoned by the times.
BTC is now the new gold, it's just that most people haven't realized it yet.
This move in New Jersey actually means: we believe, quietly buying.
When mainstream media collectively hype it up, retail investors will realize they are late again.
MicroStrategy has long seen through this; now it's the turn of these pension funds. Who will be next?
The overall market sentiment seems to be shifting from "this is a scam" to "there might really be something here," although slow, it is very solid.
The story in New Jersey, USA, has recently taken a new turn. This state, which manages a $9.5 billion pension fund, is quietly increasing its exposure to Bitcoin in an interesting way—by adding to its holdings of MicroStrategy, the world's largest corporate Bitcoin holder, with a recent investment of $16 million.
This is not an isolated event. Looking ahead to 2024, the adoption of Bitcoin and digital assets is clearly accelerating, gradually moving from niche topics to mainstream awareness. State governments, multiple countries, and traditional financial institutions are beginning to view this asset class with a more pragmatic attitude. Although their steps are still cautious, this shift in attitude is quite intriguing in itself. Actions by institutional investors often indicate a deeper change in market perception.