At the rate the #Bitcoin Macro Index is pumping, I wouldn't be surprised if we get a top by mid-2024, which would hint at a double pump cycle like 2013... a second top in 2025.
Bitcoin realized price (cost base) is rising, but still very slowly (5-10% per month: green). Current market is comparable with mid-2012, begin-2017, Oct-2020 (green). Interesting times ahead🚀
This structure has all the signs of a full blown #Bitcoin bull market.
- Price ripping
- Lots of coins moving on-chain meaning real investors are buying at higher prices validating it
Jul 2010, BTC was 0.7 cents, it popped 10x in 5 days, then another 1000x 2 years following.
Why?
BTC was introduced to global liquidity with the advent of MtGox.
#Bitcoin just got listed on the worlds stock markets which holds ~$100T of capital, and they are piling in.
💥BREAKING: #Bitcoin just hit a new ATH! 🚀
Congratulations to everyone who sticked around.
I never left, and so do most of my followers!
Now we enjoy the gains in this upcoming bull run 🙏🚀
May we all become multimillionaires.
Full demand for #Bitcoin unleashed.
My banker, 33 yrs in wealth management, wasn’t bullish last year, but he changed his mind when the spot ETF approved. That’s because he knows how institutions sell investments to the wealthy.
BTC is now on the recommend list for everyone.
Who cares about Fed rate cuts.
When you combine Fed & Treasury activities, the net is an injection of $21bn per month.
This is one reason why Tech / AI & #Crypto are pumping and will continue to pump.
Fuck the physical economy, it's all about the online economy!