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Creamed with the hot coffee coming up!!
Right and Thanks!!
Excellent Post Buddy!!
Thanks!
4 1/2 to 5 to 1 demand over mined supply!
A layup! 💰
Good call tnc! Thanks!
Great Post Man!! So true and people can’t see it happening around them!
Solid fundamental evidence of buying the dip and holding support! Excellent post my friend!!👍🏻💰💰💰
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!
Good Morning Buddy!
Saddle Up!
Rock ‘n Roll!
Leaving the flight deck! 🚀 🚀🚀
💰 💰 💰
😎
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! 👍🏻👍🏻
Agreed!!
Agreed. Good points! Thanks
Thanks Buddy! I see a pattern here with him…haha
Your conclusions are incorrect and as for insanity, how do they permit you to send texts from an asylum?
Stick to your penny stock analysis,
You don’t have a current clue as to the fundamental changes with Bitcoin or its institutional adoption.
Common sense is popping up all over!
Thanks for the post!
QCP expects current momentum to push the bitcoin price back to all-time highs
by Adam James
MARKETS • May 16, 2024, 3:58AM EDT
Published 1 minute earlier on
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The Block Illustration by Zoe Ellyse Del Rosario for The Block
Quick Take
QCP Capital expects the bitcoin price to return to $74,000 after the latest CPI print saw risk assets surge.
QCP Capital today stated that it expects the price of bitcoin to ride back to the highs of $74,000 after the latest Consumer Price Index print in the United States saw risk assets surge yesterday.
"We expect bullish momentum here that could take us back to the highs of 74k," the institutional-focused firm wrote in the Telegram channel QCP Broadcast, citing buy-side demand.
"The desk saw sizeable buyers of 100-120k
BTC +0.033%
Calls for Dec 2024 on this move higher in spot," it explained while stating that "institutional demand for the BTC continues to grow with large asset managers Millennium and Schonfeld investing approximately 3% and 2% of their AUM into the BTC spot ETF."
As The Block reported yesterday, hedge fund Millennium Management had invested nearly $2 billion into bitcoin ETFs as of the first financial quarter.
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Meanwhile, spot bitcoin ETFs in the U.S. recorded a total daily net inflow of $302.97 million yesterday — the largest since May 3 — preceding reports that the Chicago Mercantile Exchange Group is planning to launch bitcoin spot trading.
"The stars seem to be aligning on this breakout, with significant sovereign and institutional adoption, abating inflation, and upcoming US elections," QCP Capital summarized.
Bitcoin is currently trading above $66,175 and is up 6.53%, per The Block's Bitcoin Price Page.
You’re Welcome and I hope you’ve been doing well! Best to You!
Buddy…Those two posts were Excellent!
That was a perfect explanation as to why to HODL! Institutions buy in herds and things just starting!
Thanks!
Great post! Thanks Buddy!
Nice! Thanks Man!
Excellent Buddy!
Exactly! Good Point!
You’re welcome and Best to You Buddy!
You make total sense Amigo!
Thanks daleb!
Great Story Buddy!
Thanks!
Perfectly Stated!
Thanks Buddy!
For sure! A true M.O.
Back at you and thanks Man!
Here’s to a great week!!
Top Shelf comments on both posts Buddy!
The board should take heed to these well stated points! Thanks!
Excellent post Buddy!!
Also the ETFs on the scene as you know,
and the broker dealers customer base(s) teeing up and the 401Ks! This halving is much more special than any previous ones!
Haha Yes! A lot of educating!
Solid Points!
I stand by the new money coming in. The price of Bitcoin as to $250k in 6 months is not in my calculation.
I don’t agree with you since ETFs arrival and institutional adoption has commenced along with broker dealer client access on the way, as well as 401Ks…only the beginning…
Great statement Buddy!
You have solid facts and results on your side!
Excellent Post Buddy!!
Thanks!!
You’re welcome Buddy! You’re right and we know it!!
Well said Amigo!!
There’s the absolute truth!!!