As I stated months ago, with the new type of buyer coming for #Bitcoin.
The HODL rate will continue to increase.
Not drop.
As the price goes up.
There might be some churn at $100k-$500k.
But this new buyer of #Bitcoin has no reason to ever sell.
That should scare the hell out of anyone still thinking about allocating.
Because when the FOMO kicks in, it will be institutional FOMO that ends in never ever selling.
Not retail FOMO.
Time is running out.
People are saying there will be no bear market "crash" after the #Bitcoin ETF is approved.
This is a misnomer, the biggest risk to short term price after an ETF is rebalancing.
This risk will diminish over time, but for the first 8-10 years, there will be an annual rebalancing in institutional portfolios which will cause price volatility.
Whether it's 80%-90% down remains to be seen.
The interesting thing is, looking at the Gold chart after 2004's GLD approval and you see an 8 year consistent bull market, even through 2008.
All models will be challenged after the Spot #Bitcoin ETF approval.
New from Forbes:
Binance controlled 76% of outstanding BNB supply as of 8/31/23.
"We arrive at this figure by combining disclosed tokens issued to the founding team along with a probabilistic analysis that has identified previously secret wallets..."
https://t.co/FRwUG623vT
📣If you missed it @pacificbitcoin..
We have TWO announcements!
A warm welcome to our new Senior Engineer @real_vijay who will be working on our ALL NEW product in partnership with @Blockstream, Swan Vault!
What is Swan Vault? 👇
Next year #Bitcoin is going to have the *exact* same monetary policy as it does right now.
You don’t have the *slightest* guarantee or even know what the monetary policy of $USD $JPY $CNY $GBP $CAD $EUR will be *Next Week.* Even worse, you don’t even know why TF they keep drastically changing it. You just have to blindly swallow whatever reason they say, accepting the hilarious notion that they would never lie to us.
#Bitcoin is my money.
We are not the same.
Thank you @SwanBitcoin & @pacificbitcoin for organizing this amazing Festival! We are enjoying every minute of it!
Let’s together Orange Pill the world! #Bitcoin
Few understand the one-way street we are walking on. Nobody cares to go back to watching cable tv once they’ve been introduced to streaming services. In the same way, nobody will care about the Legacy Financial system once it is replaced by #Bitcoin