Blackrock's #Bitcoin ETF SURPASSED $10 BILLION of assets under management!
$IBIT now holds 161,265 #BTC, up 9630 from yesterday.
Blackrock now holds 0.77% of the total supply of BTC.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought almost 11x the newly issued supply!
One of the benefits of being on a #Bitcoin standard:
Instead of hoarding homes and stocks, the wealthy will hoard #BTC
Since BTC isn't physical, it doesn't impact people's lifestyle if more of it is held by a small number of people.
Less BTC in circulation will give BTC a higher perceived value and will lead to lower prices of everything else (because all excess purchasing power will be used to buy BTC).
The wealthy will be incentivized to find ways to produce more goods that consumers want.
They will sell those goods for Bitcoin.
We will see an abundance of goods and Bitcoin will become more scarce as holders lock theirs away for 5-10+ years.
When the supply of consumer goods increases, prices automatically come down.
If you still believe that #Bitcoin is a Ponzi scheme...
YOU'RE AN IDIOT 🤣
Go read The Bitcoin Standard and have your mind blown.
If more people stopped letting their ego get in the way, Blackrock + Fidelity would own A LOT less Bitcoin (they own a total of 250,000+).
A lot of financial advisors have done NO RESEARCH when it comes to #Bitcoin   .
They don't want to spend time learning about it.
They'd rather do what makes more profit - sell high-fee mutual funds and collect their 1% fee.
There's no commission to be made from telling clients to buy #BTC       and keep it in cold storage.
The financial services industry is designed to extract wealth from individuals, not make them self-sovereign.
Should advisors who don't do their due diligence be sued?
How many people will uninformed advisors lead in the wrong direction over the next decade?
Blackrock is going to be launching a #Bitcoin ETF in Brazil tomorrow! 🤯🤯
Wealth is being transferred from #realestate investors to #bitcoin    holders
We are approaching an ALL TIME LOW for home prices when valued in Bitcoin
At the bottom of the bear market, you could buy 7 #BTC    for ~$110,000
Today, those 7 BTC can buy a house in the US!
VANGUARD CEO STEPPING DOWN
I wonder if it has something to do with the decision against offering a #Bitcoin ETF 🤯
IBIT, Blackrock's #Bitcoin ETF, has had $1.7 billion of volume so far today 🤯
Doesn't seem like we're getting reduced demand over time
Keep in mind MOST PEOPLE HAVE 0 ALLOCATION
Volume and inflows will keep going up IMO for at least the next few years
Every day, more people come to the conclusion that #Bitcoin    will be the world reserve asset.
As they come to this conclusion they try to accumulate bitcoin as quickly as possible.
As bitcoin is accumulated, the market price increases.
When the market price increases, more people pay attention to Bitcoin.
As more people pay attention to Bitcoin, more people come to the conclusion that Bitcoin will become the world reserve asset...
This cycle will continue until Bitcoin is recognized as what it's designed to be:
The world reserve asset.
Remember the Bank Term Funding Program (BTFP)?
It's expiring on March 11.
$30K BTC: $1 = 3333 Sats
$40K BTC: $1 = 2500 Sats
$45K BTC: $1 = 2222 Sats
$50K BTC: $1 = 2000 Sats
$55K BTC: $1 = 1818 Sats
$60K BTC: $1 = 1667 Sats
$75K BTC: $1 = 1333 Sats
$90K BTC: $1 = 1111 Sats
$100K BTC: $1 = 1000 Sats
$200K BTC: $1 = 500 Sats
$500K BTC: $1 = 200 Sats
$1M BTC: $1 = 100 Sats
$5M BTC: $1 = 20 Sats
$10M BTC: $1 = 10 Sats
#Bitcoin
#Bitcoin    is a better store of value than everything else because it's
- portable
- divisible
- durable
- easily verifiable
- scarce
- censorship-resistant
- available to anyone
- the best-performing asset, EVER
- backed by the most secure network on earth
The wealthiest people in the world have 0 allocation and now they're figuring it out
They are the "greater fools" because they started studying it after a bunch of random people on Twitter
This cycle will repeat over and over again until #Bitcoin is the most widely accepted form of money, and the majority is held by savers.
Each cycle moves economic value from the current system to Bitcoin.
During this period, 99%+ of the value of US Dollars will move to #BTC.
I'm passionate about helping more people become financially literate, but these threads take a long time to write.
If you found value in this post, make sure you like and retweet
Thanks for reading!
#Bitcoin will eventually trade for
• 100,000 USD
• 1,000,000 USD
• 10,000,000 USD
• 100,000,000 USD
etc.
Blackrock's #Bitcoin       ETF now holds 151,536 #BTC       , up 10,140 from yesterday. This is a NEW record for the biggest day of inflows 🤯🤯
IBIT's total holdings are now worth $9.5 BILLION.
Blackrock now holds 0.72% of the total supply of BTC.
900 BTC are issued per day. In April this will drop to 450.
Blackrock clients bought over 11x the newly issued supply!
I wonder how many people will buy the next market top without studying #Bitcoin    and say it's a scam when it drops 60%
The smash buy of $1 is now up 20% 🔥🔥
Wrote my resignation letter
Jamie Dimon (Jeffrey Epstein's banker) told you Bitcoin is used for fraud.
Now his bank (JP Morgan) is looking into issuing a #Bitcoin    ETF 🤣🤣🤣
The fees couldn't keep him away.
#Bitcoin    is a better store of value than everything else because it's
- portable
- divisible
- durable
- easily verifiable
- scarce
- censorship-resistant
- available to anyone
- the best-performing asset, EVER
- backed by the most secure network on earth
The wealthiest people in the world have 0 allocation and now they're figuring it out
They are the "greater fools" because they started studying it after a bunch of random people on Twitter
At what price will people like
@RCharlton1966
realize they need Bitcoin?
My guess is $1M+.