Damn... We are approaching 40% of ALL #BTC (even future) being held for the long term (or lost) and this is before the ETFs buy in. Ple₿s are underestimating the situation; once the ETFs are approved (and they will be) it will begin to open the path to ₿ being held on the balance sheets of mutual funds AND IRA accounts/pension/annuities/etc - Those are the largest pools of money on the planet (other than real estate). Gold followed a similar path in 2004+, it was uninvestable to most funds before that.
If only 10% of investors/money worldwide (10% of $900 trillion is $90 trillion) put just 5% into ₿ THATS $4.5 TRILLION OF NEW MONEY COMING INTO ₿. As the current market cap of ₿ isn't even $1 trillion it is easy to understand that will make price 5x (minimum) but the market volatility/hodler waves need be added ON to that.
Those who have truthfully understood the code know the first phase of ₿ was flooding the market - tonnes of coins, no demand. The second stage (now) is an equilibrium, the calm before the storm - supply and demand duke it out daily. The third phase is inverse to the first; the phase where we have tonnes of demand but no new coins and none for sale.
EVERYONE believes that ₿ is in a parabolic uptrend that is doomed to fail at some point. I only "believe" one thing. Math. In the third phase that parabolic trend will break... to the upside; a parabolic curve on a logarithmic chart. Bitcoin fucking squared! ;)
I made this chart to illustrate the point in meme format, since 99.99% of people do not understand the logarithmic function. Enjoy!
cc: #bitcoin #btc #grownostr #nostr #coffeechain #plebchain