I just had a sudden realization.
The buyers of the #BitcoinETF don't see us hodlers. The difference in scale will make current bitcoin whales look like shrimps.
From their point of view, Bitcoin will be born in 2024.
Our wallets will look like little fish being flung up by a tsunami.
Brace and seriously hodl, whats going to happen in the next couple of years will force a lot of people to sell their bitcoins to these larger whales.
And don't assume you can handle it. Everyone has a price.
TradFi is about to get an important lesson in absolute scarcity. Let’s say 2 million people decide they all need to become an ETF “wholecoiner.” They won’t be able to. This is the reality they don’t understand. They think they’re buying something like a tech stock. Most have no idea what ∞/21M even means.
I’m priceless, or so they say 😂
they have dollars we have fiat. i think wgmi
SEC dicked around, didn’t approve ETFs and gave HODLrs the first 15 years and first 19 million bitcoins. Some % will sell but there’s a lot of psychopaths.
The psychos will win.
How much is 2% of all central bank reserves? Since they are the ones who move prices the easiest assumption to make would be to choose a number for free float available to central banks for purchase and set that equal to 2% of global reserves and extrapolate a target price.
A quick search car up with $44 trillions. That’s $882 billions that needs to be represented in Bitcoin holdings for central banks to meet that target in 2025. Let’s assume 20% of all Bitcoin are available for sale.
That means for CB to hold 2% on their balance sheet in BTC after buying all available float the market cap has to reach $4.4 trillion.
That’s 5x from here assuming no other buyers as a baseline estimate for 2025.
That could happen.
But your assumption at the end is the scary part. Things could move exponentially very fast.
Many new buyers will flock because the price is moving.
The $4.4 trillion is the linear path.
