When you have a lot of 'conspiracy theorists' following you, some will eventually come up with conspiracy theories about you as well! It's an unfortunate part of it, that I know all too well also! I've personally stopped caring about waking anyone up and I don't read any comments or things written about me. I mostly just do it for the walks with Lucy now... Lucy is clearly my CIA handler.
Why is the #bitcoin price not skyrocketing?
You don’t get to pick the apples from the tree until all of the apples on the ground have been cleaned up.
In other words, you need to clear out the tradeable #BTC before you get to the coins that actually move the price.
It’s simple market mechanics. Plebs haven’t been saying “slowly then suddenly” for no reason.
Don’t worry, it’s coming.
🌊🌊🌊💵💵💵
#Economics #BitcoinETF #HODL #SPEDN #investing #invest @Swan@Excellion@cluborange@coryswan@alexstanczyk@TYonClubhouse@DzambhalaHODL@BitcoinMagazine@simplybitcoin
The human psyche:
A #BTC ETF representing 1/10 of a Bitcoin, priced at 1/10 the price of a Bitcoin, will be seen by investors as ‘much cheaper’ and bought more aggressively.
Unit bias is a thing.
This is why when stocks’ split, price runs up.
For anyone wondering, #Bitcoin price has not moved because:
1. Leverage was wiped out yesterday.
2. Everyone who wanted in before ETF, seems to be in.
3. Only after 9.30am tomorrow can the ETF’s actually start accepting capital and thus start acquiring #Bitcoin.
Just because the price has not moved yet does not mean that “it was priced in”.
We can judge priced in, at the halving - if the price stays the same between now and then, I’ll say we were priced in.
Also - if Bloomberg is right with $4bn coming in on the FIRST day of trading tomorrow.
Then based on the Bank of America Bull Market Multiple.
We *could* see a price of $50k-$57k by close of trading on Friday.
The buying pressure has not even STARTED yet.
Sleep well.
The approval of the #Bitcoin ETF marks a sea change, transforming Bitcoin from a largely retail-owned asset, to a global macro asset that will compete with gold and US treasuries.
I expect, in the next 5 years, Bitcoin will attain and then surpass gold's market capitalization.