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 speculation but there has to be some
#Bitcoin
manipulation going on by
@coinbase
here.
How can you have 4 years to prepare your systems.
Have the majority of the demand coming from institutions.
And still the server crashes every time we breach all time high?
Here's…
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…
I’m hearing that LARGE Broker Dealer’s are REFUSING to sell their clients
#Bitcoin
ETF products right now even though SEC & FINRA have approved it.
They’re being gate-keepers.
Just heard from a manager with $1 BILLION under management with a BD that has over $1 Trillion and…
After the halving.
There will be 450
#Bitcoin
per day being mined.
Adding 30% to that to account for sales from holders.
You'll have a market float of 585
#Bitcoin
.
Should the last couple days of $500m net flows continue.
You're looking at an equilibrium price of $854,700…
As many have pointed out.
#Bitcoin
all time high in 2021 was $69,000.
However, Inflation Adjusted high now in 2024.
Is $78,500!!!
At a cumulative rate of inflation of 13.8%.
I will not bat an eyelid until we cross $79,000 for good measure.
You are not going to steal…
The biggest thing I’m worried about this
#Bitcoin
cycle.
Is
#Bitcoin
-ers who held through the last 1 or 2.
Thinking they “know” how the cycle works and selling into a perceived “high”.
Hoping to buy back when we have a correction before the next cycle.
That are not…
3 analysts at BlackRock published a study on
#Bitcoin
in early 2022.
The study concluded that the most ideal optimal risk vs reward portfolio is:
84.9%:
#Bitcoin
9.06%: Stocks
6.04%: Bonds
Say it after me:
Bullish.
As.
Fuck.
This is big news for
#Bitcoin
.
If Middle Eastern Oil Nations decide to add $50m a trading session to
#Bitcoin
demand flow per country.
That’s $12.6bn a year - per country.
That would involve an addition to equilibrium price of
#Bitcoin
after halving of $85,470.
That would…
How many trading sessions can BlackRock continue to flow $200m into
#Bitcoin
before they reach a 1% allocation of current AUM?
495.
That's 2 years straight, every day.
I do not like or appreciate the comparison of BlackRock’s $IBIT now controlling more
#Bitcoin
than $MSTR.
The difference might sound subtle, but it’s monumental.
$MSTR actually OWNS it’s
#Bitcoin
.
$IBIT manages
#Bitcoin
for its clients.
@saylor
has had to pivot an entire…
If you're going to buy a Property with 20% down vs
#Bitcoin
, the numbers work out like this over 10 years:
~$500,000 property.
$100,000 deposit.
$2,333 monthly mortgage.
Property value growth over 10 years is ~8% CAGR.
So your total mortgage payments over 10 years =…
Hong Kong
#Bitcoin
ETF’s are to be approved tomorrow.
Hong Kong is a $30.3 Trillion market.
10x bigger Capital Market than the United Kingdom.
With a higher propensity for risk and growth.
This is going to be a remarkable addition to worldwide
#Bitcoin
markets.
Everyone is…
So let me get this straight.
#Bitcoin
ETF flows die off for a week.
From almost $1b a day.
To nada.
Negative, in-fact.
GBTC starts dumping $300m a day.
Price drops.
Retail panics.
Leveraged longs close out.
People sell off.
#Bitcoin
price dives.
Everyone claims ETFs…
Understand this.
There is probably not a single day in
#Bitcoin
's history.
Where there has been a net in-flow of more than $1.5 Billion long on
#Bitcoin
.
And the ETF's are about to get a mandate to buy roughly $3.5bn in the space of 5 days.
With the bulk of it coming in on…
If BlackRock wants to match $GBTC's
#Bitcoin
under management.
Which is currently $21.7bn.
They would work on their clients, currently managing $11 Trillion, and get them to inject say another $25bn.
The problem is that as they do this, unlike other assets, the Bull Market…
Wake up.
The European Union has passed laws that have made transactions from “unidentified” aka Self Custody
#Bitcoin
wallets...
Illegal.
Enforcement begins within 3 years.
We can always trust the EU to further restrict the freedoms of its citizens.
This is the former President of PayPal talking about using
#Bitcoin
to make the $7.5 Trillion DAILY Foreign Exchange Market a much more efficient & profitable place.
He is talking about building what Strike is building and compared the current monetary rails to a fax machine.
I…
We have closed ABOVE $69,500.
The countdown starts NOW.
I predicted we will be at $100,000
#Bitcoin
within 40 trading sessions from this daily close.
That date is May 7th 2024.
Strap in.
Me too.
I’m also feeling a little deflated from yesterday’s
#Bitcoin
price performance.
I too - on some level - was hoping for a straight green candle to God.
It’s natural to feel that way.
However, the sell the news, turned into sell the launch.
There was probably months of…
This dip is so necessary and good for
#Bitcoin
it’s unreal.
If you have any doubt, please sell.
Because the buyers are different now.
All your “sell the news” events will be bought up.
All your trading scalps will be eaten.
All your shorts will be reduced to dust.
Keep…
Once the OTC desks run thin on
#Bitcoin
.
Magical things happen.
So imagine this, they call all their clients, make offers.
People sell because they want liquidity and have been holding
#Bitcoin
for a decade.
Until a point.
Then.
HODLers HODL.
At which point the OTC desks…
In 60 days, $200M will be chasing 450 daily mined
#Bitcoin
.
Equilibrium price: $444,000 a coin.
In 4 years, $200M will be chasing 225 daily mined
#Bitcoin
.
Equilibrium price: $889,000 a coin.
In 8 years, $200M will be chasing 112.5 daily mined
#Bitcoin
.
Equilibrium price:…
#Bitcoin
mortgages are coming.
I think they'll operate exactly like Fixed Deposit Mortgages.
You'll deposit your
#Bitcoin
(sorry Self Custody bros - no cost effective insurance hedge with pure Self Custody).
You'll borrow against your
#Bitcoin
position at FED + 0.5%.
As the…
Good evening.
I sold 20
#Bitcoin
after doubling my money in 2016.
It took 2 weeks to double.
I thought Bitcoin was a scam.
But, I wanted to profit.
So my best friend and I, while smoking a cigar.
Bought 20 coin's each.
And sold them 2 weeks later.
Like. Dumbasses.
A lot…
Good morning.
If Standard Chartered is correct with its $50bn-$100bn flowing into
#Bitcoin
ETF’s.
Then without the HODL rate increasing as the price goes up - which it does.
And without the BofA Bull Market Multiple increasing as large capital flows in suddenly - which it…
What I find scary.
Is that we're going to slip past $69,000 all time high on
#Bitcoin
.
And maybe 30,000 people in the world are going to really care about it.
And then we'll hit $100,000.
And everyone will come running.
The pool of excited people when it comes to
#Bitcoin
is…
I’m sitting right now with a multi-millionaire real estate investor from Texas in a cigar lounge.
He is anti
#Bitcoin
and you wouldn’t believe the concerns he has.
Absolute basics.
I’m talking “Rat Poison 2.0” type of comments.
We have so much money to unlock after
#Bitcoin
…
Yesterday, $GBTC had a massive outflow day.
$600M.
In a single day.
And STILL
#Bitcoin
ETF’s ended the day with a net INFLOW of $92M.
I really don’t think people understand how bullish this is.
You dump $600M and STILL can’t get a negative flow day.
This market is liquid.…
Literally no significant capital is front running the
#Bitcoin
ETF because they literally cannot front-run it for taxes and regulatory reasons.
This is the first time in history that retail can actually front run the institutions.
And people are still waiting to get to ONE…
From my latest understanding, BlackRock now controls 482% more
#Bitcoin
than El Salvador.
Within 48 hours of trading.
Imagine what it'll look like in 6 months.
I gave up on Politics after I understood
#Bitcoin
.
Politics is a distraction to hide away the downstream effects of the corrupt money.
Fix the Money first.
This selling pressure right now, is the market trying to force a correction in
#Bitcoin
.
In the previous cycles, this would have been a 20-30% correction.
This time is so different, can't play with a billy a day of net demand.
#BITCOIN
PRICE BEING MANIPULATED!
Follow the incentives, when you do, it points to either absolute incompetence or something more sinister from
@coinbase
:
How a
#Bitcoin
sales call will go:
BR: Ring ring.
Client: Hello.
BR: Hello, it’s BlackRock. We launched a new product that Larry wants me to get you exposure to:
CAGR is 70% over last 10 years.
Meaning a 1% allocation would grow to 14.2% over the next 5 years.
It’s the…
There are, at this point, a maximum of maybe 200,000 people that own ONE
#Bitcoin
.
There are 65 Million millionaires in the world.
And they’re all about to be instructed to get some by people they implicitly trust to keep them rich.
While supply is going to drop from 900 a day…
Just spoke to an Advisor in the USA whose branch has $350m under advisement.
They sell
@Fidelity
products and have not been educated on any
#Bitcoin
related opportunities.
It’s on the portal, but no real education.
I told her, a 1% allocation to
#Bitcoin
in 2020 at $5,000…
Total
#Bitcoin
net inflows are now averaging $275.1m per day through ETF’s.
That’s on track for $69.3 BILLION in first year of trading.
That is more than ANYONE was guessing.
This puts us in line to add $3.8 TRILLION to the market cap by end of year - at the BEAR MARKET…
Not sure who made this for Reddit, but it's a pretty good concise edit of one of my videos on why you need to hold onto your
#Bitcoin
at all costs in the face of the coming BlackRock assault:
For the people that say “the world has to end for
#Bitcoin
to get to $1m”.
Understand this.
At the bear market multiple of 55.
It would just take a cash injection of $382 billion.
At the BofA bull market multiple of 118.
It would be just $178bn.
1% of BlackRock and…
President
@nayibbukele
just proved that with
#Bitcoin
a sovereign nation can take control of it's wealth within minutes with no begging, no pleading and no transfer issues.
Now how much more valuable is
#Bitcoin
compared to Gold sitting in Fort Knox?
This is true sovereign…
We've decided to transfer a big chunk of our
#Bitcoin
to a cold wallet, and store that cold wallet in a physical vault within our national territory.
You can call it our first
#Bitcoin
piggy bank 🇸🇻
It's not much, but it's honest work 😂
If the BofA Bull Market Multiple is correct.
To take the
#Bitcoin
price from $40k.
To a new
#Bitcoin
ATH of $70k.
Would need a net capital injection of just $6bn.
Is $6bn possible by halving?
Michael Saylor / MSTR just bought $600m.
There’s someone buying 100
#Bitcoin
every…
We’re getting dangerously close to $1bn daily net inflow into
#Bitcoin
.
$IBIT did roughly $700m yesterday alone.
This is exciting sure.
But, important to remember that in the last bull run, there were maybe a handful of days in the peak that had that.
Now, we’re seeing it…
The US court mandate for SEC to re-review $GBTC ‘s
#Bitcoin
ETF just dropped.
BlackRock’s
#Bitcoin
ETF just got its presumptive ticker $IBTC after being listed at the DTCC.
Please, get to ONE
#Bitcoin
NOW.
How long until Vanguard capitulates & walks back their decision to not allow their own clients to purchase regulated, licensed
#Bitcoin
ETF’s…
With their OWN MONEY?
I give them 14 days.
A $1m
#Bitcoin
is a $21 Trillion market cap.
Based on the BofA Bull Market Multiple.
That would require a capital injection of just $178 Billion.
Or $353M a trading session worth of buying for 2 years straight.
This is assuming the multiple doesn’t climb.
Which I believe it…
Based on my estimates:
In 2024, there will be 218,700
#Bitcoin
mined.
In 2025, there will be 164,250
#Bitcoin
mined.
A total of 382,950
#Bitcoin
over 2024 and 2025 combined.
For BlackRock & Fidelity to allocate 1% of their assets to
#Bitcoin
over the next 2 years.
At a price…
$65,000
#Bitcoin
.
Good morning.
Remember.
We have NOT breached the previous cycle high in a bear cycle.
We did this time hitting $15,500 low.
We also have NEVER reached a new all time high BEFORE the halving.
Which we may this week.
This time IS different.
Study the Gold…
First week total inflows to Spot
#Bitcoin
ETF’s will exceed $3.5bn in my estimation.
This means - at today’s prices - ETF’s will need to acquire 79,545
#Bitcoin
.
All in the space of one week, all at the same time.
So the SEC is choosing to require the
#Bitcoin
Spot ETF’s to use what’s known as “Cash Creates” mechanism.
This is BY FAR the best solution over the “in-kind” option to increase simplicity and increase regulatory oversight over un-regulata-ble worldwide
#Bitcoin
market.
As…
I think it's irresponsible for a parent to recommend their Children buy property vs own
#Bitcoin
now.
Most people do this because "it's what worked for me".
When my Dad's family immigrated to the United Kingdom, they bought a home for £4,200 in 1971.
They got extremely lucky…
Remember.
If BlackRock and Fidelity get $1.5 BILLION of inflows today.
But GBTC see’s a $3 BILLION out-flow.
Nothing has happened in the
#Bitcoin
market.
The net effect is $0.
The negative of cash create is that GBTC would have to sell it’s
#Bitcoin
.
Then BlackRock and…
#Bitcoin
Market Cap is already at a new all time high.
People are waiting for $69,000 absolute ATH to start celebrating.
I feel nothing until $79,000 Inflation Adjusted All Time High.
BlackRock is making "taking
#Bitcoin
" look like child's play.
Sucking
#Bitcoin
from every corner of the earth by just dumping futures, scaring weak handed retail and then sucking up the
#Bitcoin
through the ETF's.
This is not manipulation, and it's also correct and healthy and…
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.
The thing about
#Bitcoin
ETF’s being a self fulfilling spiralling prophecy is this.
Asset managers make more money as the value of the assets they go up because they get paid a %.
Which means as the Value of the Bitcoin ETF increases, every 4 years, they get an order of…
BlackRock did say they’d start “seeding” their
#Bitcoin
ETF this month. Seeding will probably mean $20m-$50m.
As will others.
Imagine if this pump.
Which went from a market cap of $735bn yesterday.
To a market cap of $798bn today.
A $63bn increase in market cap in a SINGLE…
In terms of getting to ONE.
#Bitcoin
has priced out the poor worldwide.
It’s effectively priced out Western middle class at $40k+ this past cycle.
Next will be pricing out those with a $500k to $10m net worth.
Then 2028, we price out $10m - $35m net worthers.
And 2032… it’s…
Hey
#Bitcoin
family.
Just wanted to say thank you.
Crossed 50K on Twitter/X and just crossed 30K on YouTube.
All since August last year.
Thank you for your time, trust and friendship.
I truly appreciate it.
Just $1 Trillion taking flight from this $156 Trillion pie into
#Bitcoin
could lead to a
#Bitcoin
market cap of $100 Trillion. Or a $4.7m per Bitcoin price.
If you don’t believe it’s possible that 0.64% of this capital could take flight.
Answer me one question, which one of…
This man - Larry Fink, CEO of BlackRock - spent years telling you to not buy
#Bitcoin
.
Now he's saying it's a "flight to QUALITY" conveniently as their ETF approaches approval.
Listen to "the system" at your own peril.
Get to ONE
#Bitcoin
.
BlackRock: "
#Bitcoin
is a flight to Quality".
Fidelity: "
#Bitcoin
is exponential Gold"
The marketing tag-lines are emerging.
Pick your fighter. Who's tag line will emerge next?
Roughly 50,000 financial advisors worldwide will be calling ~$130 Trillion of capital over the…
Recently I told a friend of mine (in real life) to not bring a friend of his around me.
He was shocked, but I believe in Luck, I believe in Energy.
After meeting his friend twice I just decided that his presence is bad for my energy, his conversation is bad for my mind and his…
That was not a hack.
That was an employee screwing up a scheduled post.
And/or a slick way to clear out leverage in
#Bitcoin
.
Approvals are still coming tomorrow.
Get some sleep.
But only if you’ve already gotten to ONE
#Bitcoin
.
There is a lot of this bullshit going around that the
#Bitcoin
ETF was front ran from the day BlackRock applied.
All because it's had a sell the news event in it's first 48 hours of trading.
I stand by what I said, it is impossible to "front run" $250m of avg daily buying…
Imagine being a capital allocator relying - for your entire career - on Mohamed El-Erian & PIMCO's words of Bond Market positivity, reliability and trust.
And then turning on CNBC one day and the spirit of
#Bitcoin
owns your head now and now you have ZERO career risk for…
#Bitcoin
will not sustain a price higher than $56,815 or lower than $54,155 until CME Futures open again on Sunday evening. Get off the charts, get off Twitter - go live and enjoy this one beautiful life you've been given.
There are 21 Million Bitcoin. You only have one life.