Self motivated tech entrepreneur, Bitcoin analyst, consultant and business developer, blockchain innovation supporter. Follow me to learn about #bitcoin
With the Fed completing its pace of rate hikes and the economy recovering, we should seize the opportunity to invest. The job market has been growing, jobless claims are falling, wages are rising, GDP is strong and inflation is cooling along with it 🥂😊
Indeed, the market economy is gradually recovering, last week we had the very anticipated NFP report which showed better numbers than expected.
#Bitcoin#Rebalance
During this time, the list of big internal trading signals was completed and the BC/USD medium and long term programs have risen to prominence. We are all in for a scary amount of gains, both intraday and medium to long term.
Never selling my #bitcoin#Bitcoin 🏆🏆🏆
Many people underestimate the impact of a Spot #Bitcoin ETF.
While some argue that since Bitcoin is already purchasable, an ETF might not be revolutionary.
But they're missing key benefits. ETFs offer tax advantages and the ability to leverage against them, making them particularly appealing for major institutional investors like pension funds.
This can significantly boost market liquidity.
Bloomberg estimates that just the introduction of BlackRock's Spot Bitcoin ETF could trigger an immediate inflow of around $150 billion.
And BlackRock isn't alone. Numerous top asset managers are filing for a Spot ETF.
Such developments have the potential to send Bitcoin to $40,000 in just weeks. Over time, it could catapult Bitcoin above $100,000!
The next Bull Run will definitely be different!
Most people do not understand that BlackRock will need physical #Bitcoin to back their Spot ETF.
Either they have already acquired their #Bitcoin a few months earlier at cheaper prices, or they are intentionally manipulating the prices downward currently to create a more favourable entry point for themselves.
Which I think is the more likely scenario.
Because if they would have acquired their Bitcoin prior, why would they let prices dump back to their entry?