Bitcoiners act like no other company could do what #microstrategy did and acquire 1% of the #bitcoin supply without the price running away to the upside, as if blackrock didn’t just do that exact thing over the past three months and the price only went up like $30k 🥱
Discussion
It’s going to get increasingly hard. Bids go burrr but most coin stays cold. Exchanges have less than 10% of total (terminal) supply for sale and 450 mined per day doesn’t do much for these new mega whales
I know the narratives too bro I 100% agree… but we literally just watched blackrock scoop up 245k bitcoin over the last three months. It’s not impossible. The price only moved a measly 30k or so
I mean that’s a ≈75% increase in < 3 months. If it moved another 75% that’d put usd spot at > 120k. These are material moves and they’re draining available supply all the time. Sellers will be exhausted eventually, fixed supply ftw. NGU will go even harder imo as moar big $ gets involved. Everyone can’t have MSTR or Blackrock positions even if they have a lot of capital. The window is closing. IMHO 🙏