In the previous cycle we were hoping for the institutions, but now they are in. So we will might see SUPERCYCLUS.
New Fundamental Facts:
1) James Bullard - Bitcoin is competitor for the Gold .
2) BNY MELLON - Oldest bank to offer Crypto Custodial Services
Article link - https://www.cnbc.com/2021/02/11/bny-mell...
3) Morgan Stanley owns 10% shares of Michael Sailors Microstrategy . So they indirectly owns 10% of BTC that Microstragy owns.
4) Counterpoint Globals - Investment group (owned by Morgan Stanley 150Bilions USD fund) wants to buy BTC directly. The invested sum is not know yet.
5) Morgan Stanley says - Cryptocurrencies Here to Stay as Serious Asset Class, Bitcoin Making Progress to Replace Dollar
Strong words, but possible is anything
Article link - https://news.bitcoin.com/morgan-stanley-...
6) Microstrategy has big investors - Blackrock (biggest investement company on the world) // FIRST TRUST // VANGUARD
All this 3 investment companies buying BTC already indirectly via Microstrategy .
MICROSTRATEGY RAISING TO BUY 900M to BUY BTC
Article - https://www.nasdaq.com/articles/microstr...
7)Australian regulators open to Bitcoin . Canada approved by Financial Regulators.
NOW THINK ABOUT THIS. SO MANY HUGE HEDGE FUNDS AND BANKS BUT THEY BUYING ALL THE BTC WHICH IS MINED.
IN 2024 IT WILL BE EVEN LESS BTC WHICH WILL BE MINED. I CANT SAY WHERE IT WILL GO BUT IT WILL MUST BE VERY HIGH.
IM SORRY IF DAY TRADERS FEEL OFFENDED, BUT FOR ME IS BTC STORE VALUE AND LONG TERM PASSIVE INVESTMENT.
DAY TRADING AND SWING TRADING I DO ON THE FX..
We are the only one person who is responsible for our health, relationships, success and money in our life's. So taking a risk on the markets based on this idea is only and only your decision. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Author of the analysis does not accept liability for any loss or damage.
it remains a volatile asset, and there will be wild variations, but all in all I still believe investing is not an unwise choice, just dont invest in cloud miners.. they are a scam :)