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I have no idea, but I've seen prices all over the map from 2k to 40MM. Youtube aka clickbait central has pie in the sky's posted every second. I do not watch those for exactly that reason. They have them for every coin out there.
NOTE: That’s the prediction out from Samson Mow. NOT ME! But definitely not a YT CLICKBAIT!
I wonder why they picked that price. A Million Dollars THIS year?
If you're going to be ridiculous then why hold back.
If Bitcoin goes to $1 Million Dollars this year then a loaf of bread will cost $25 and gas will be $50 a gallon..
Much Appreciated and back at ya!
The ratio I believe now is miner supply created weekly is a factor of 1 and demand through ETFs is a 5. In support of your GBTC article, maintaining a 5:1 ratio will make Bitcoin into a remake of one of my favorite SciFi movies (some might remember Saturday matinee Monster / Sci Fi 🛸 movies with 🍿…since this is Saturday) Interstellar!
I’ve Always said, buy the dip and enjoy the rip! We ain’t seeing nothing yet!!
Thanks Man!
Cheers!
🚀🚀🚀
Great story Buddy and it should be stickied for the fundamental changes that have and are taking place with adoption and massive support in the ETFs!
Top of the morning to ya. Cheers
Good Morning Buddy!
Saddle Up!
Rock ‘n Roll!
Leaving the flight deck! 🚀 🚀🚀
💰 💰 💰
😎
WHY BITCOIN HITS $1 MILLION IN 2024 🙊
We’re going to see a $1 million Bitcoin.
This year. 🤯
That’s the prediction out from Samson Mow.
smow1
Samson Mow is a renowned Bitcoiner, entrepreneur & investor.
He’s the CEO of JAN3, a Bitcoin focussed company aiming to speed up hyperbitcoinization.
In his latest interview, Samson broke down why he thinks we’ll see Bitcoin hit $1 million per coin.
By the end of 2024.
“I think we’re going to see a million this year… 2024.”
Samson Mow
Samson believes Bitcoin's price has been suppressed for years. It should’ve already hit $100,000.
“I think the Bitcoin price has been suppressed for a very long time. We should’ve hit $100k a few years ago. But if you look at the amount of fraud that was perpetrated by FTX and other companies - that’s what stole $100k from Bitcoin in 2021.”
Samson Mow
Samson argues the effects of FTX & other bad actors are still felt in the Bitcoin price today.
But - it’s coming to an end.
“It’s very clear, if you’re looking carefully, that there’s a massive amount of demand that’s increasing constantly from the ETFs. That will outpace any of the untangling of fraudulent activities.”
Samson Mow
Combine the increased demand of the Bitcoin ETFs with the supply reduction from the April halving?
A $1 million Bitcoin is no longer a pipe dream.
“Given all of that and given we’ve effectively almost reached the previous all-time highs pre-halving, I don’t see it being impossible that we see $1 million this year.”
Samson Mow
Our take?
A $1 million dollar Bitcoin by the end of this year is a touch too optimistic.
But - do we see prices significantly higher by the end of 2024?
Without a doubt. 💣
WE’RE BACK BABY 🤑
BREAKING: Grayscale’s GBTC records first week of net inflows
bitcoin
The Bitcoin ETFs are “back”.
Last week saw net inflows every single day.
Can you believe this is the first full week of inflows since mid March?
In total, the Bitcoin ETFs bought in $948.3 million for the week.
That’s a huge step up from the prior weeks.
ETF flows
With inflows of this magnitude, the Bitcoin ETF’s purchased 4.5x the amount of Bitcoin mined.
That’s a pretty solid demand/supply dynamic…
chart
AND, Grayscale recorded it’s first ever weekly inflow…
Last week Grayscale experienced net inflows of $12.3 million.
(it may be a little hard to see on the chart below, but it’s there)
Grayscale
BlackRock continues to edge closer and closer to flipping Grayscale as the largest Bitcoin ETF.
Currently the gap is down to 12,666 Bitcoin:
🟢 BlackRock: 276,760 Bitcoin
🔴 Grayscale: 289,426 Bitcoin
Flippening
And with the Bitcoin ETFs once again popping off, Bitcoin’s price exploded from ~$61,000 to ~$67,000.
We’re so back. 😎
Can they do it again next week?
SHIBA DOGE ALT COIN Baby !
Burning Down The House
Remove reason and accountability and that’s her
"...she COULD well be off to the races...."
So you think Bitcoin is female.
I never thought of it that way. But maybe that explains the lack of decisive direction and the irrational nature of the price movements.
(Just kidding, of course)
BTC will hit $100k+ in 8-weeks
Have you seen 1yr chart/3yr chart..we’re seeing future3yr bottom-today.
Slightly updated trajectories in my opinion reveal that essentially we end up in the same spot over the intermediate term, but the short term varies, the longer term is obvious we are heading down and won't pierce above 73k, if we do 77-80k temporarily only IMO!
https://www.tradingview.com/chart/BTCUSD/Fhlq2oS6-A-Crypto-Dance-of-Trajectories-with-the-Same-Outcome/
#btc #bitcoin #crypto #blockchain
Disclaimer: These posts like all others in the past and future are for info and educational purposes, they are a toolset to compare against yours and the other analyses you have considered, in order to form your own due dilligence based determination. Investment advice is a paid service, so even without this disclaimer it should be assumed (we are all grown men and women I suppose)
Agreed Amigo! I’ve/We’ve been saying this is just the beginning especially with institutional adoption just beginning.
Like i always have said, buy the dip and enjoy the rip! 👍🏻👍🏻
WALLET CHECK 💪
Today we’ll be taking a look at the number of addresses with a non-zero balance.
It provides a high level overview of the Bitcoin network’s user base/activity.
Keep in mind though, one wallet does not equal one user. A user can have many wallets.
What matters here is the trend of the chart.
Increasing number of addresses: increasing adoption levels 📈
Decreasing number of addresses: indicates users are selling their entire balance or consolidating wallets 📉
onchain
Notice how this chart has always been trending upwards?
A clear sign that the Bitcoin Network has expanded every single year.
As of today there are 52,575,685 addresses with a positive balance.
Two weeks ago this metric was at 52,521,810 wallets.
That’s an increase of +53,875 wallets. 😱
With Bitcoin’s recent price movement from $60,000 to ~$67,000, it looks like interest is returning…
Simple takeaway from this data:
Bitcoin adoption continues to grow, and 2024 marks the start of the ‘institutional era’.
15 years into its existence and the network is still expanding every single year.
Bullish. 🐂
WE’VE SEEN NOTHING YET 🏁
The institutional adoption of Bitcoin is set to accelerate.
We’ve seen nothing yet.
That’s the latest prediction from Anthony Scaramucci.
Scaramucci
For those not familiar with Scaramucci, he’s a well-known American investor.
He’s the founder of SkyBridge Capital, an investment firm that has over $2 billion under management.
Speaking with CNBC, Scaramucci broke down why we have only just seen the beginning of the institutional adoption of Bitcoin.
We’re about to witness demand accelerate rapidly over the coming quarters.
“We believe we are still in the early stages of Bitcoin’s institutional adoption.”
Anthony Scaramucci.
Scaramucci finished the interview by giving his prediction as to how high Bitcoin could hit before the end of the year.
He estimated the market cap of gold to be around ~$16 trillion dollars.
Bitcoin hitting half of gold’s market cap by the end of the year would not be far-fetched.
“Bitcoin’s potential to reach $8 trillion in market cap is not far-fetched. This increasing institutional interest testifies to Bitcoin’s emerging role as a critical component of modern investment portfolios.”
Anthony Scaramucci
Just Hangn around Ready for that 10 k Lift off , Spike in Action
SUCK U BITCOIN ETH SOL SHIBA 😅😛😉🚀✔️💯👬
$70,000 next week
SUKU BITCOIN ETH SOL SHIBADOGEX BONK BONK 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
All hail Glory to The Coin !.......
Bitcoin six six six six six......
Grinding it out to the end.
.
🖕 😉🖕 BITCOIN LITECOIN $70K This weekend
💪🤑🖕WOOHOOOOOOOOOOOOO BITCOIN SHIBADOGE BONK BONK
EXACTLY …he a Dreamer
WRONG! Just watch how many blues get flipped. MARK IT!! And I'll still be here when that comes to pass, unlike some.
My advice would be only sell when you need the money😉 bitcoin will be an easy $500,000 by 2028
Not to mention The Orange Line presented (to which it's currently reacting)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174440508
A Brief SUMMARY of KEY LEVELS
Lmao wrong. Rfk jr is the one. Trump just changed his tune because RFK all about blockchain. No one is voting for Trump but his base. And we all that's not getting him elected.
Yep. Less really. Lost coins over the years.
Bitcoin supply capped at 21 million coins.
Does everyone believe that can't be changed?
WHEN ON EARTH SHOULD I SELL? 🌎
It’s the most asked question in all of crypto…
When should I sell?
That’s what macro-economic expert Raoul Pal answered in his latest update to investors.
If you’ve been in crypto for long enough, you’ll know that crypto is extremely cyclical.
There’s a 4 year cycle, based around the Bitcoin halving.
seasons4
This 4 year cycle is broken into 4 seasons:
🟩 Crypto Spring
🟨 Crypto Summer
🟥 Crypto Fall
🟦 Crypto Winter
In 3 out of 4 of these seasons, crypto is the best performing asset on earth.
Then in crypto winter, it’s the worst.
On paper, the optimal selling strategy appears obvious:
Exit all of your crypto positions before crypto winter.
Simple, right?
According to Raoul - not quite.
There’s just one problem.
It’s impossible to know when crypto will peak.
“I can't help you with timing the top.”
Raoul Pal
Even if you do miraculously nail the top, there’s a problem:
“Let's imagine you get out roughly right. Within 10% - 20% of the high. Let's say you've turned $100 into $1,000. Now you're waiting for the bear market. I will guarantee you will not put the same amount back in. Because you'll be terrified of losing it… before you know you've actually screwed the whole thing up.”
Raoul Pal
Instead of trying to time the market, here’s Raoul’s personal plan:
“Here's my suggested path for most people... Usually the back part of the year, after the US election there's a screaming pump into the end of the year. My advice? Use that in terms of time and not price. Take maybe 1/3rd off the table for lifestyle chips… Secure your lifestyle, the things that matter to you. Now you've taken all the pressure off. Now I've de-risked my life so I can now run 2025 more intelligently.”
Raoul Pal
LONG-TERM HOLDERS 💪
It’s time to check in on the supply of Bitcoin last active 1+ years ago.
We love this chart. It’s so simple to understand and it’s extremely useful.
It categorises coins based on how long it’s been since they last moved on-chain. (as a percentage of the circulating supply)
Metrics rising: long-term holders are accumulating coins 📈
Metrics declining: long-term holders are selling coins 📉
Taking a look at the chart below you’ll notice significant dips in these metrics when Bitcoin reaches new all-time highs. (especially with the 1+ year age band)
onchain
Here’s the breakdown for each cohort (compared to what it was 2 weeks ago):
🔴 Supply last active 1+ years ago: 65.80% (up from 65.68%)
🟠 Supply last active 2+ years ago: 54.81% (up from 54.65%)
🟢 Supply last active 3+ years ago: 46.33% (up from 45.69%)
🔵 Supply last active 5+ years ago: 31.19% (down from 31.22%)
Over the last two weeks, the 1+, 2+ and 3+ age bands experienced a slight increase.
BUT, the 5+ age band slightly decreased…
As we mentioned two weeks ago, the sell-offs from long-term holders has slowed down.
Now long-term holders are once again waiting on the price to increase further before taking anymore profits.
BUT, there was a small amount of selling from the 5+ year age band. (nothing too significant though)
All in all, long-term holders still have an extremely high conviction in the future of Bitcoin. 💪
BIG WIN FOR CRYPTO 🤑
BREAKING: U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat
Bitcoin
The US Senate just voted in favour of repealing the SEC’s controversial SAB 121 crypto policy.
The Senate voted 60-38 to overturn the policy.
But what exactly is SAB 121? 🤷♀️
Here’s the rundown:
The SEC Staff Accounting Bulletin (SAB 121), was first published in 2022 and has drawn controversy over the past year over concerns in the crypto industry that it could prevent banks from safeguarding digital assets. It requires firms that custody crypto to record customer crypto holdings as liabilities on their balance sheets.
One of the reasons SAB 121 is so controversial is because it doesn’t apply to traditional assets like stocks.
Senator Cynthia Lumis, who pushed for the resolution in the Senate, had this to say:
This is a win for financial innovation and a clear rebuke of the way the Biden administration and Chair Gary Gensler have treated crypto assets and marks the first time both chambers of Congress have passed standalone crypto legislation,"
Senator Cynthia Lumis
Senator Lumis even updated her Twitter profile picture to include the popular crypto meme “laser eyes”.
A clear indication of her support for the crypto industry.
CL tweet
Rep. Mike Flood, another politician who pushed for the resolution, called this decision a “landmark result”:
“It is clear there is overwhelming opposition to SAB 121, and I urge President Joe Biden to reconsider his previous statement of intent to veto the resolution. The President should sign my resolution to ensure the SEC reverses course and sets America on a path to growing our digital financial future,”
Rep. Mike Flood
But it’s not over yet…
Before this decision was made, President Joe Biden vowed to veto the resolution if the Senate voted in favour.
It’ll be interesting to see what Biden actually does…
Regardless though, today is a victory for the crypto industry. 🥳
67.2k WOW!! Where's all the 50k Imbeciles? Come out come out where ever you are. OUCH!
"If you're in favor of crypto, you better vote for Trump," former President Donald Trump said Wednesday
WOOHOOOOOOOOOOOOOOOOOOOOO
We just bounced off $66,666, didn't we.
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BITCOIN ALERT
* Important Note About © & Anonymity ===>
"... A lot of people mistakenly believe that Tor Onion Networking is "all about anonymity" - which is incorrect, since it also includes:
...none of which are the same as "anonymity", but all of which are valuable qualities to add to secure communications. ... "
Bitcoin git repository (mirrors upstream branches+tags) is now available through a TorV3 hidden service at===>
http://nxshomzlgqmwfwhcnyvbznyrybh3gotlfgis7wkv7iur2yj2rarlhiad(.)onion/git/bitcoin.git
https://gitlab.com/bitcoin
While we love Bitcoins here, and believe they will continue to ascend to new heighs!!! We will soon be offering stock and smart contract
suggestions that we beileve could grow much like Bitcoins have!!Please keep in mind that Bitcoins were on my watch list when
they were trading for just pennies! Feel free to boardmark here & sign up for our email list!
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Never buy, sell or hold based on anything said by myself or anyone here.
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