Tuesday 2 January 2024

The biggest Bitcoin run ever?


I believe we'll experience the largest bull run for this asset like we've never seen before because of the following:There was a huge demand shock for years after the first Gold ETF approved from one institution. The difference is, we have 9 institutions racing for Bitcoin, not just one. Gold marketcap was already at around $4 Trillion after its first ETF approved. Bitcoin is still around $800 Billion.Supply of Bitcoin Exchange Supply is in 2018 lowFED starting to lower interest rates this yearBitcoin halving this yearIt has proven that it's a flight to quality last year.I don't see what's the point of waiting for a dip before or after the ETF approved/disapproved - just keep DCA since we haven't started yet. via /r/Bitcoin https://bit.ly/4aJDKD2

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