"Be fearful when others are greedy & be greedy when others are fearful." - Warren Buffett.
1 #Bitcoin to 1000 #DigiByte Ratio (21 mil vs 21 bil).
$100,000 $BTC/ 1000 = $100 $DGB
$100 DGB / .01 = 10,000x move to BTC parity. #Math
(not investment advice)
In my keynote at @labitconf I discuss economic wars, the power behind #Bitcoin, why $BTC is destined to be the apex commodity, technology, property, money, & ETF asset, winning & losing investment strategies, management of counterparty risk, & capital markets digital disruption.
Houses did not magically double in intrinsic value between 2020-2022.
Rather, the fiat currency they are denominated in became worth less.
When priced in #Bitcoin, real estate continues to become more affordable over time.
Within 99 days the first #Bitcoin Spot ETF will be launched.
And here is why:
In exactly 99 days, the final deadline for Ark Invest's Bitcoin Spot ETF will arrive.
The reality is, that the SEC cannot reject Ark's ETF and then approve BlackRock's Spot ETF.
Considering that Grayscale has already won a lawsuit against the SEC, it's likely that all the spot ETFs will be approved before Ark Invest's.
Therefore, we can anticipate the introduction of the first Bitcoin spot ETF within the next 99 days.
#BTC
Historically, October tends to be a very positive month for Bitcoin
But given how similar 2023 has been to 2019...
It's surprising how little attention has been given to the possibility of seeing a 2019-like October price reaction next month
In October 2019, $BTC rallied only +10%
If Bitcoin rallies +10% this coming October 2023, that would see price revisit $29200
In such a scenario, BTC could form a long upside wick beyond the Lower High resistance (yellow) before potentially rejecting once again to confirm this current move as a relief rally
#Crypto #Bitcoin
BlackRock is buying #Bitcoin, but why isn't the market showing strenght?
The simple reason is that they are acquiring #Bitcoin through miners, exchanges, and governments via OTC (over-the-counter) transactions.
This method doesn't directly influence the price of $BTC.
Don't be fooled, they are accumulating
OOPS! #China 10y yields keep falling in a sign that the economy is hard landing/crashing. China 10y yield now at 2.6%, the lowest level since Corona crisis in 2020.