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
Discussion
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 🙏