$300K Bitcoin? Check the April 2017 to December 2017 run...
Bitcoin (BTC) is overbought on the weekly. Hard time to buy but everyone should own some bitcoin. Worldwide, if we gave away all the possible bitcoins, each person on earth would get allotted just 0.00268 Bitcoins which is called 268K satoshis Do you have yours portion yet? Funds are going to be gobbling them up when Bitcoin becomes easier to purchase for them. Few want to deal with cold storage secure key issues which is what you need to really own bitcoin. They will trade the paper that will drive up BTC's price to astronomical levels. 2017 deja vue although I missed it.
Regardless of the overbought on the weekly for Bitcoin BTC, we are seeing a possible bullish pennant. With unlimited money printing, BTC has its ticket to run again through another 3 year cycle blue sky breakout.
With the arrival of Bitcoin ETNs since November 2020 that are 100% backed with actual bitcoins, we have everything lined up to see a $304,000 Bitcoin in less than a year. 16.9X from April 2017 to Dec 2017 could repeat itself. This is not a prediction but look at the setup - it's a real possibility.
ETNs listing will continue to offer fuel that could see BTC hit. Imagine investment funds being able to buy Bitcoin via a NYSE or Nasdaq listed ticker backed by an ETN? It's already happened in Germany.
"VanEck has become the latest European ETF issuer to launch a bitcoin exchange-traded-note (ETN) on the Deutsche Boerse.
The VanEck Vectors Bitcoin ETN (VBTC) is listed on the Xetra with a total expense ratio (TER) of 2%.
VBTC tracks the MVIS CryptoCompare Bitcoin VWAP Close index which is directly linked the price of bitcoin.
Fully replicated, VanEck is partnering with Bank Frick, a crypto custodian regulated in Liechtenstein, where the bitcoin are held in ‘cold storage’."
Long term long, short term, buy the dips which will likely be driven by overvalued general market correction. Long term, sell anything paper on the manipulated financial markets and buy real assets. Bitcoin is the #1 real asset in digital money because it's distributed and peer-controlled. Just like the Internet protocols are.
Stay safe .
Regardless of the overbought on the weekly for Bitcoin BTC, we are seeing a possible bullish pennant. With unlimited money printing, BTC has its ticket to run again through another 3 year cycle blue sky breakout.
With the arrival of Bitcoin ETNs since November 2020 that are 100% backed with actual bitcoins, we have everything lined up to see a $304,000 Bitcoin in less than a year. 16.9X from April 2017 to Dec 2017 could repeat itself. This is not a prediction but look at the setup - it's a real possibility.
ETNs listing will continue to offer fuel that could see BTC hit. Imagine investment funds being able to buy Bitcoin via a NYSE or Nasdaq listed ticker backed by an ETN? It's already happened in Germany.
"VanEck has become the latest European ETF issuer to launch a bitcoin exchange-traded-note (ETN) on the Deutsche Boerse.
The VanEck Vectors Bitcoin ETN (VBTC) is listed on the Xetra with a total expense ratio (TER) of 2%.
VBTC tracks the MVIS CryptoCompare Bitcoin VWAP Close index which is directly linked the price of bitcoin.
Fully replicated, VanEck is partnering with Bank Frick, a crypto custodian regulated in Liechtenstein, where the bitcoin are held in ‘cold storage’."
Long term long, short term, buy the dips which will likely be driven by overvalued general market correction. Long term, sell anything paper on the manipulated financial markets and buy real assets. Bitcoin is the #1 real asset in digital money because it's distributed and peer-controlled. Just like the Internet protocols are.
Stay safe .