Connecting The Dots
So this is the story mainstream media is orchestrating, paving the way for the entrance of the empire's troops.
Speaks for itself:
- Current BTC Price (As of 9th Jan, 2024) vs ATH
- World's Top 10 BTC Holder
- Spot Bitcoin ETF Fees Bidding War
- BTC ETF and AUM
Where will the BTC price go? My guess is as good as yours.
The most important question is not where BTC would go but rather who you are and where you want to go.
Volatility is inevitable. Know your position, your ability, and your risk appetite. There are very thin fine lines between investors, speculators, and gamblers.
Current BTC Price vs ATH
Winning rewards is narrowing.
Simple math.
ATH = $67k
$67k-$47k=$20k.
$20k/$47k= ~42%
IF ATH revisited, towards ATH from here, upside win ~ 42%, ~$20k for every BTC.
In the worst case, BTC becomes $0, totally lost, or ~$47k for every BTC.
What if ATH is revisited and the bull charges toward the new ATH?
There will be price discovery after the new ATH. Some said 100k, some 200k, and even up to 1mil (USD)*.
World's Top 10 BTC Holder
For further info: Top 10 Bitcoin Holders: Who Owns the Most BTC? (2024)
Spot Bitcoin ETF Fees
If you notice the "Note" section, the discount is only meant for a certain time frame or amount of assets reached, whichever comes first.
These are institutions big enough to do their homework and come out with such terms.
It's a volume game.
BTC ETF and AUM
That's over $16 T opening up to #bitcoin
The narrative is about asking, WHAT HAPPENS EVEN IF only 1%-3% of these current AUM shifts to BTC?
Imagine that one tide lifts all boat moment.
To be a good surfer, you gotta be in the water before the tide comes.
#BTC #Bitcoin #DigitalAsset #NFA #DYOR
* BTC Price Predictions from CoinTelegraph.com Articles:
JAN 09, 2024
Standard Chartered tips $200K Bitcoin by late 2025 if ETFs approved
https://cointelegraph.com/news/standard-chartered-tips-200k-btc-2025-if-spot-bitcoin-etf-approved
DEC 15, 2023
$100K BTC? Don’t undervalue Bitcoin ETF influence, says Adam Back
https://cointelegraph.com/news/dont-undervalue-bitcoin-etf-influence-says-adam-back
MAY 03, 2023
Balaji pays out his crazy $1M Bitcoin bet, 97% under price target
https://cointelegraph.com/news/balaji-pays-out-his-crazy-1m-bitcoin-bet-97-under-price-target
NOV 19, 2020
Bitcoin analyst sees ‘perfect backdrop’ for $100K this bull cycle, $1M by 2035
https://cointelegraph.com/news/bitcoin-analyst-sees-perfect-backdrop-for-100k-this-bull-cycle-1m-by-2035
