Bitcoin (BTCUSD): I am curious Trunk. What do you mean by...

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Strategyone

Re: trunkmonk post# 50768

Saturday, 12/30/2023 2:29:31 PM

Saturday, December 30, 2023 2:29:31 PM

I am curious Trunk. What do you mean by his day will come (response to Kick buying full bitcoins, etc.)?

I see great potential in 2024 for bitcoin (and many alt coins).

In January, I expect the SEC to finally approve a group of ETF's which will likely bring a substantial demand to bitcoin with a few %'s of $17 trillion in assets to be moved into this sector over time (that is only from the US). This also has a huge potential of lowering the volatility with the institutional investing.

In April, is the Bitcoin halving, which lowers the fixed supply entering the market.

Historically, the halving cycle usually peaks the price of Bitcoin from 3 - 6 months after the halving. I estimate November of 2024 to be the peak of this next cycle.

This leads me to believe "Kicks" day will come where the crypto portion of his portfolio will have a substantially good year.