I like to assume that there will be 130% of daily mined #Bitcoin supply available to buy to account for any net sellers amongst traders or people looking to generate liquidity.
So for me, it’s not 450 a day.
It’s 585.
And BlackRock ALONE bought about that today.
GBTC #Bitcoin outflows continue to dwindle.
Along with all the other bullish drivers for this market.
I think we continue to see a solid upswing this week, but overall sideways until early May - in my opinion - happy to be wrong about it.
Unless GBTC outflows $500m tomorrow
By the time people generally "catch up" it's actually too late.
In life, being early on things is "being on time".
You're not early to #Bitcoin , you're on time.
They're late.
We are stepping into a week where:
1. ETF’s will buy another 1,000-3,000 #Bitcoin per day.
2. The fresh daily supply has been halved. Meaning if ETF’s were scooping up 3x the daily supply before halving, they’re now needing 6x the daily supply.
We live in a weird world.
Values are being changed.
The very fabric of the world you know is being changed to make you think that things which were not acceptable are now the norm.
#Bitcoin is the bastion - the North Star - of stability that humanity is craving.
IMPORTANT #Bitcoin RESOURCES:
There are really only 3 "rules" to #Bitcoin :
1. Buy #Bitcoin .
2. Shut the f*** up.
3. Get fabulously wealthy.
Following are my favourite resources for anyone to understand #Bitcoin
1. The True Opportunity of #Bitcoin :
🎯 This is 100% why I'm on the "we will not use #Bitcoin as a Medium of Exchange in the USA for a minimum of 30 years" train.
It's not happening. And it doesn't really need to in order to be valuable.
Spending in #Bitcoin is dumb.
Holy Shit.
GBTC Mini #Bitcoin fund with 0.15% fee.
Will GBTC selling finally be done?
Will BlackRock & Fidelity lower fees further to compete?
Exciting week ahead.
Got people messaging me to say “but nothing exciting on #Bitcoin price action with the halving”.
And I have to remind them.
That’s the point, it’s programmed financial policy, with no excitement, no drama, no decisions need to be made, it just happens.
Come back in 4 years.
It’s #Bitcoin halving day.
Feels like a blink of an eye since #Bitcoin “made sense” to me 4 years ago.
Since May 20th 2020 - the last halving.
But it’s been way more than a blink of an eye.
$3,500 to $64,000 to $28,000 to $69,000 to $15,500 to $74,000.
Isn’t it interesting how both Iran & Israel’s “attacks” came outside of US market hours?
I guess they respect the value of their capital just like everyone else.
That’s why #Bitcoin brings peace.
One of the most valuable skills to learn is to be able to speak well.
Not to speak to say words.
Speak in order to communicate and convince those listening of your ideas.
You must accept that 80% of the conversations you have will be to "sell" something.
🎯
Read this twice.
Yes HK is a small ETF Market, however, the #Bitcoin ETF’s could help expand it, and with no short interest through futures, a $100m long day, *could* feel like a $500m US long day.
Every person I know who's new into #Bitcoin since the ETFs launched is messaging me about buying MORE #Bitcoin with this price dip.
This is a new type of buyer.
Remember when MSTR bulls told you that the premium would just keep expanding because of the debt spiral or whatever else?
😁
Almost time for an entry again