BTC smashed the old ATH to pump 10% in 30 min on this news:
The richest man on Earth, Elon Musk, and by some the innovator of our generation has purchased $1.5 billion worth of Bitcoin through his most successful company: Tesla Inc.
Moreover, in the future, you will be able to buy your Tesla car using Bitcoin... if there are any bears left, they are likely to go extinct soon. Even Binance, the largest exchange in the world, crashed on this news. Apparently their exchange traffic was 60% larger today than their last all time high.
However, more importantly, this is the green light for all Wall Street and the 500 S&P companies to BUY Bitcoin or be left behind... This means: Apple, Google, Amazon, Microsoft, Facebook, Visa, etc. will end up buying BTC. Not long ago, Visa also said they will allow the use of crypto on their network... it's happening. Real institutional adoption, there are no more ifs and buts, this is here, now.
If you are not diversifying your cashflow into BTC as a company you will be left out and billionaires will brag how much BTC they have in their bags. This is the hottest thing right now.
2021 will be the real, institutional FOMO. This is no retail playground like in 2017, these are companies with billions in cashflow ready to buy BTC. Apple, Google... yeah... You're pretty late when they will diversify in BTC.
What does this mean... BTC is 100% sure to reach anywhere between 100k to 250k in this cycle. Likely this year and quite early as FOMO kicks in. When companies throw billions at BTC in a rush to buy it... the only thing that can balance this is... price going up. Supply and demand. The 24/7 crypto market will also speed things up as we don't do weekends here.
Beyond 250k, is anyone's guess, however what is certain is that we will top and then we will crash, just that now we will do it in 10k to 50k chunks.
Where are we now? Just under 45k which will represent a temporary resistance before we reach for the next key level, 50k. I expect this to be reached fairly soon, and this month I would not be surprised to reach 60k before we range a bit like we did in Jan. But all of this can go out the window if more companies announce they are buying BTC.
Indicators? They are bullish af. This bubble is only starting, enjoy the ride.
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I don't know if I've ever seen so many good points in any one single post before. Musk may have single-handedly thrown BTC and all of crypto into a perma-bull state. There is no turning back now. We will see dumps yes but they will never again be anything to worry about. Just park your money in BTC and forget it. Come back to it in 5 years and retire.
"In 700 years the laurel will become green again and the Good People will return." -Guillame Belibaste, 1321, as Empire burnt him at the stake. Sit back and watch the fall of Empire, as power shifts from the corrupted to Incorruptibility.
Idk how to add cheer on here yet, I'm new to all this. But just know I'm cheering you from my Heart, thank you for sharing with us!!! Power to the People.
@DU09, joined your discord channel, the Bloodless Revolution of 2021 is well underway. :) #ThankYouSatoshi (AI)
AspiringPro
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So excited to have 5 digit daily movements once the real mania kicks in! I just feel so emotionally ready for that :) Great write up, lets see what happens. Baby steps, must conquer 50k first.
DU09
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@CryptoDann, Thanks, 100k is only a 100% boost from here...