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Rajat Soni, CFA
8bbfa411560bd42ea6fa60cf24de87d88c6c8bbeec29bd9a2aa188029aa228cc
🎯 I'm the Bitcoin guy 💼 10 years of finance industry experience 🧠 1 BTC = ∞ USD

IBIT (Blackrock's #Bitcoin ETF) had ~$3 billion in volume today!

That's insane

Yesterday it was $1.3 Billion

0.1 #bitcoin is approaching 5 figures in Canadian dollars and eventually in US dollars

Within a few years, 0.01 Bitcoin will be 5 figures in Canadian dollars and eventually in US dollars

Then 0.001 Bitcoin will be 5 figures in Canadian dollars and eventually in US dollars

Do you see where I'm going here?

#Bitcoin just broke its all-time high in Canadian dollars

And most people don't have a clue

We've almost reached the last all-time high in #Bitcoin   's price.

But this time:

- Most of retail still doesn't care (see Google trends screenshot)

- ETFs are buying thousands of coins every day

- Wall Street is finally taking this seriously

- We are in a MUCH higher interest rate environment

- THE HALVING HASN'T EVEN HAPPENED YET

Nobody can predict where this is going because we've never had something with absolute scarcity and endless demand

As price rises, so does demand

Most people have NO ALLOCATION to Bitcoin right now

Take my #Bitcoin    fundamentals webinar for $35!

I tried to condense as much information about the basics into this as possible, and you get a recording so you can watch as many times as you want.

So far, it's orange-pilled almost 600 people 🤯

FOMO levels going up

The longer people ignore #Bitcoin, the more explosive this run will be.

And this time, FTX isn't standing in the way of $100K+.

As

@saylor

said: "I'll be buying the top forever."

My most expensive buy ever:

#Bitcoin    is so close to hitting an all-time high in EVERY CURRENCY

And most people STILL think it's a pump-and-dump

All time high has been reached in Australian Dollars

Coming soon: Canadian and US Dollars

Lots of people will be VERY angry in the coming months because they missed out

NVM - made a mistake, Bitcoin is ALMOST at an all time high in AUD!

Blackrock's #Bitcoin    ETF now holds 141,396 #BTC    , up 9,114 from yesterday. This was the BIGGEST DAY so far for inflows 🤯🤯

IBIT's total holdings are now worth $8.07 BILLION.

Blackrock now holds 0.67% of the total supply of BTC.

900 BTC are issued per day. In April this will drop to 450.

Blackrock clients bought over 10x the newly issued supply!

I bought the 31 strike 2026 calls

They're up MORE THAN 50% in 2 days 🤯🤯🤯

TradFi knowledge + Bitcoin knowledge = being able to see opportunities 99.9% of others can't see

Most Bitcoiners don't understand options; most tradfi traders don't understand Bitcoin

Huge opportunity

Most people think they understand how money works, but THEY DON'T!

I learned about 90% of what I know about money AFTER I started learning about #Bitcoin.

If you can't answer the following questions, you won't understand Bitcoin:

- Why do all fiat currencies fail?

- Why did the Roman Empire fall?

- What is the Nixon Shock?

- Why is the US Dollar the world reserve currency?

- What is the difference between credit and debt?

- How does inflation work?

- What's the difference between CPI inflation and monetary inflation?

- Why was gold used as money for THOUSANDS of years?

- How is new money issued?

- What are the functions and ideal characteristics of money?

- What is fractional reserve banking?

$59k #Bitcoin!! 🤯🤯🤯

In November, the SEC wanted to hire "#Bitcoin experts" but preferred ones who didn't own Bitcoin.

If you don't own Bitcoin, I can almost guarantee you've studied it for less than 1,000 hours and are NOT an expert.

Are you sure about that?

Housing is nearing all-time lows when priced in #Bitcoin.

This is a transfer of wealth from people who don't understand Bitcoin to people who do.

Within ten years, one house will cost less than 1 #BTC.

#Realestate is a religion to some people, and they don't even see it.

LOOK AT THE FACTS.

If #Bitcoin    were to increase by 100% FROM HERE, the market cap would go to 2.2 trillion dollars, and 1 BTC would be ~$115,000.

This is possible within a year.

US real estate is worth ~$100 trillion.

It's MUCH more difficult for a $100 trillion asset to double than it is for a $1.1 Trillion asset to double.

If the price of a house were to increase by 100%, who would be able to afford a home? A single-family home would go from $400,000 to $800,000. Where would that demand come from?

It would take at LEAST 7 years for real estate to increase 100%. In that time, Bitcoin could potentially 10x (this is definitely possible based on demand from ETFs and upcoming halving).

Right now, people who understand Bitcoin are thinking of selling their excess real estate to buy more.

Selling excess homes = More supply

Bitcoin's price is rising because there's no supply at these prices.

Bitcoin's demand is rising because most people have NO ALLOCATION to it.

If you think real estate will outperform bitcoin over the next 20 years, you're setting yourself up for disappointment.

IBIT (1/10 #Bitcoin ETFs) ended the day with over $1.3 B in volume.

IBIT is a brand new ETF for an asset that most people still think is a Ponzi scheme.

In contrast, SPY, one of the most traded ETFs in the world, averages $39.5B in volume each day.

Within weeks of launch, IBIT already has 3.3% of the volume of a well-established asset, and Bitcoin is STILL just a teenager.

As Bitcoin's price approaches $1M, we will see IBIT trading volumes increase as well.

Over the next few decades, more money will flow into Bitcoin than any other asset before it.

I would be surprised if IBIT volumes aren't 10% or more of SPY's average volume by year-end.

Bitcoin will be the most important technological innovation of the digital age.

To understand its purpose, you need to understand how money works

#Bitcoin is the best-performing asset EVER.

And most of Wall Street doesn't own it yet.

This is an example of not being able to let go of your beliefs and ignoring the facts.

Don't be so afraid of the downside that you miss the upside.