Three patterns, three possibilities
Regardless same direction.
Welcome to the last cycle of Bitcoin, remember it while you can.
Once institutional adoption is facilitated through spot ETFs, there will be no more significant drawdowns, and there will be no more large parabolic runs, as we have experienced for the last times.
Anticipate the culmination of a remarkable rally to unprecedented highs, succeeded by decades of Bitcoin stored in cold wallets, accompanied by a sustained, steady growth in a 20-year bull market.
Please take note of this post on reddit 10 years ago from today by "Tester24834"
"How is a $2,600,000,000,000 market cap for BTC possible?
How is it even realistic that Bitcoin will get to the 2.6 trillion dollar market cap necessary for each BTC to be worth 200k USD as some have suggested (or even worse for them to be worth 1 million each). This seems delusional but I have unfortunately been sucked in. Please tell me that it MAY be possible. Even the top company in the world (Apple?) has around a 400-500 billion dollar market cap only."
People need to understand market cap for a reserve asset cannot be anything under 10 trillion
That's a $511,000 bitcoin price a return of about 13x the same calculations the largest funds in the world are sitting on waiting for the Spot ETF.
I can't emphasize this enough, 14,874,131 are in the long term holder supply meaning either these are lost Bitcoin or people not willing to sell.
If these coins don't appear on the market that's 4,625,869 left with a market cap of 10T that gives Bitcoin a price of
$2,000,000 Yes 2.2 Million US Dollars.
What people have to understand is the market cap is an utterly stupid and miss leading calculation of a valuation for an asset but its what we use today in our math system.
Bitcoin has the potential to gain a trillion in market cap per month once spot ETF's are live.
There is simply not enough Bitcoin to meet the demand of this type of money meaning what? the price has to meet a middle ground where long term holders are willing to sell.
I'm sure BlackRock are just praying no funds tap the market until a spot ETF is launched because there's going to be an initial 3-5x in a short time on Bitcoin's price.
-17.3- Trillion in US All Commercial Banks
Tether's circulating deposits? -86.1- Billion
Circles circulating deposits? -24.3- Billion
Oh and there's also 27 Trillion in Pension Funds
Bitcoin is the most under priced valuable asset right in front of everyone.
Regardless same direction.
Welcome to the last cycle of Bitcoin, remember it while you can.
Once institutional adoption is facilitated through spot ETFs, there will be no more significant drawdowns, and there will be no more large parabolic runs, as we have experienced for the last times.
Anticipate the culmination of a remarkable rally to unprecedented highs, succeeded by decades of Bitcoin stored in cold wallets, accompanied by a sustained, steady growth in a 20-year bull market.
Please take note of this post on reddit 10 years ago from today by "Tester24834"
"How is a $2,600,000,000,000 market cap for BTC possible?
How is it even realistic that Bitcoin will get to the 2.6 trillion dollar market cap necessary for each BTC to be worth 200k USD as some have suggested (or even worse for them to be worth 1 million each). This seems delusional but I have unfortunately been sucked in. Please tell me that it MAY be possible. Even the top company in the world (Apple?) has around a 400-500 billion dollar market cap only."
People need to understand market cap for a reserve asset cannot be anything under 10 trillion
That's a $511,000 bitcoin price a return of about 13x the same calculations the largest funds in the world are sitting on waiting for the Spot ETF.
I can't emphasize this enough, 14,874,131 are in the long term holder supply meaning either these are lost Bitcoin or people not willing to sell.
If these coins don't appear on the market that's 4,625,869 left with a market cap of 10T that gives Bitcoin a price of
$2,000,000 Yes 2.2 Million US Dollars.
What people have to understand is the market cap is an utterly stupid and miss leading calculation of a valuation for an asset but its what we use today in our math system.
Bitcoin has the potential to gain a trillion in market cap per month once spot ETF's are live.
There is simply not enough Bitcoin to meet the demand of this type of money meaning what? the price has to meet a middle ground where long term holders are willing to sell.
I'm sure BlackRock are just praying no funds tap the market until a spot ETF is launched because there's going to be an initial 3-5x in a short time on Bitcoin's price.
-17.3- Trillion in US All Commercial Banks
Tether's circulating deposits? -86.1- Billion
Circles circulating deposits? -24.3- Billion
Oh and there's also 27 Trillion in Pension Funds
Bitcoin is the most under priced valuable asset right in front of everyone.