How to estimate BTC demand from a US ETF approval?
Canadian ETFs hold roughly 50k BTC. US likely between 10-15x+ Canadas size.
US ETF likely to see demand between 500k and 750k bitcoin.
$1M+ BTC in the next cycle is very possible, hereās how:
- SEC approves Bitcoin ETFs unlocking the asset class to millions of HNW investors
- FASB adopts fair value accounting encouraging companies to put bitcoin on their balance sheet
- RFK Jr. wins the election and begins backing USTs with Bitcoin
- Russia publicly announces they are actively mining Bitcoin igniting the hash race
- Success of El Salvador encourages multiple nation states to adopt as legal tender
"FTX Founder Sam Bankman-Fried is headed back to jail after the judge in the case revoked his bail over alleged witness intimidation, after he showed a journalist from the NY Times private writings from his ex-girlfriend and business partner, Caroline Ellison, and used a VPN in violation of a previous order not to.
The 31-year-old Bankman-Fried was remanded directly into custody, and will remain in a New York federal detention center until his trial begins on Oct. 2."
https://www.zerohedge.com/political/sam-bankman-fried-heads-back-jail-after-bail-revoked
Nature is healing.
Whoās a bitcoiner with a sense of humor???
American HODL
Couldnāt make it. Merch available online?? šš»



