[dx034]

Not much. 1% of asset allocation for an institutional investor is enough for that.

EDIT: You currently need $70m to bump the market above 20k on GDAX. That's a lot for retail investors but not much if institutional investors get involved.

[0xCMP]

In the grand scheme of things sure, but definitely a large influx as compared to the size of the market in Coinbase.

We're talking probably low 2-digit millions to make big moves I think.

[dx034]

Yep, around $70m to get it above $20k.

[tome]

What institutional investor is going to put 1% into Bitcoin?

[WA]

How do you determine the $70m?

[obiefernandez]

You look at the "Depth Chart" -- it shows you how much people are selling (or buying if you go to the right) in a way that escalates as you get further away from the mid-market price that is currently executing.