I think it could dip into the 40s if we have a big pullback in the stock market. Would be a great buying opportunity!
Discussion
Indeed it would. But I’m not so sure it’ll happen. The U.S. ETFs seem to have changed the game with so much consistent buying pressure.
That’s very true. And maybe it will become more of a “risk off” trade with stock weakness causing more money to flow into Bitcoin ETFs now that they’re available to more investors.
Yes. It feels like concentrated capital has an “in” now and they aren’t trying to build little positions, trade or even trade interest rates. They are seriously “stacking” (even though NYKNYC) in a way never before seen in Bitcoin. Much of the world’s largest pools of capitals aren’t in the race yet either, but they are coming to an understanding that they need to be in this accumulation race asap.
Gold ETFs seem to be losing net capital and a lot of it is flowing to the BTC ETFs. I don’t think any of this will slow down for many years. It’s likely going to accelerate significantly.
I think we’ve entered the beginning of the steep portion of S curve adoption in Bitcoin. I think all models based on past performance are fundamentally broken. Took a bit longer than Saylor predicted but feels like we’ve squarely arrived.