FederalXBT

Bitcoin Remove The Noise (Over Sooner Than Most Think) 1M

Long
FederalXBT Updated   
INDEX:BTCUSD   Bitcoin
Dips and pull backs can be brutal, especially if you're coming from old markets.

This time is not different, the sentiment is not different, the peoples psychology and behaviour is not different.

We are now at the vertical point for Bitcoin where demand meets supply and price discovery is made, always near the all time high, always followed by people who think the jet fuel is "running out"


No matter Bitcoin rallying from 25-70k, getting responses that it can only happen if the dollar collapses, "impossible"

The markets will move higher than people expect and faster than people expect and "price in" the future adoption / use case of Bitcoin before the event occurs, majority wait for the news majority act with emotions majority stay poor.


The greatest trade of 2024 will be Bitcoin.
Comment:
Do I think $1,000,000 could actually be possible before 2025?

In theory,
barely anyone has done the on chain work
barely anyone has done the Spot ETF inflows / correlated to market cap increase
barely anyone has done the research on why central banks need to cut
barely anyone is taking the initiative to front run this potential target
barely anyone is expecting a high over $250k

barely anyone understands that when you're in the "camp" of everyone you lose the trade.

So either I'm right or bitcoin will stay under $120k and not go near the $250k mark. Seeing how we only need 1-200b of Spot ETF inflows to get to 250k and how small of an asset Bitcoin is I'm takin the $1,000,000 bet.
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