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ryanjordan
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GP at VAM | Regen Capitalist

We’re early #bitcoin

#Bitcoin has exposed how most "intelligent" people don’t actually understand economics, finance, or technology.” Thomas Fahrer

When #bitcoin achieves +5M per coin, people will tell you, “There is no way you could have known. You just got lucky.”

Can you guess the new horse 💩?

It rhymes with rental tanks.

What eliminates the rental tanks

the way Ford eliminated horse 💩 in the streets?

https://www.youtube.com/watch?v=FPj_72ncC78

“I have a childhood friend who is a sailboat captain for a living. In his mind, I am one of the smartest people he knows. When I strongly recommend that he look into #bitcoin, he bought some that same night. He didn’t verify my thesis for himself, he trusted me.

The same is not true for my yuppie friends. They know it is unwise to invest money in something that they do not understand.”

I think we all have one of each of these in our lives. 😂

Still one the best #Bitcoin pieces out there. If you haven’t read this yet, do yourself a favor ☕️📚

https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin

“Many investors appear to be operating under a misapprehension that this cycle is just like all the previous cycles in their career, even though the FED has *NEVER* tightened with debt/GDP at 120%, deficits/GDP at 6%, or US Net international Investment Position at -65% of GDP….

….

LET ALONE TIGHTENED WITH ALL THREE BEING TRUE AT ONCE!”

That’s because in Tradfi the most dangerous words in investing are “this time is different.”

They won’t see it coming because the fish don’t realize they are swimming in water.

Be grateful more time to stack cheap sats ⚡️

To celebrate 🎉 the approaching of my 400th follower. I will ZAP ⚡️ 200 SATS to any person who reposts this AND has a comment of gratitude or a book 📚 recommendation.

Replying to Avatar Hustler.21

Ok, I've been doing some math, and my mind is officially blown. I don't think any of us are bullish enough on #BTC   . Let's dive in. 👇

Monday's $3,000 BTC candle was a sign of what's to come. Several sources of demand converged onto BTC in a short window of time and caused the price to break out to its highest level in 15 months.

The known sources of estimated demand are:

- Daily buying pressure of $25m per day who soak up the daily issuance of new coins hitting the market.

- Market makers who were short futures and needed to own spot BTC to remain delta neutral. They represented $250m in shorts liquidated (aka rekt).

- $43m in demand from the likes of BlackRock, Fidelity and the gang seeding their spot ETFs.

All together that comes to $325m of demand which pushed price up $3,000 per BTC. The market cap of Bitcoin increased by $63 billion dollars from a few hundred million invested. The multiplier on that is 193x! That means that BTC's market cap increases by $193 for ever $1 invested in the coin. I have heard people talking about this multiplier effect, but it doesn't hit home until you run the numbers yourself.

Now, for the fun part. 👇

Blackrock estimates that $200 billion dollars will flow into Bitcoin from Blackrock's iShares ETF (ticker iBTC) and others in the first 3 years. That amount of demand, if spread evenly over 3 years would come to $183m per day excluding all other sources of demand. Multiply $183m by 193 and the Bitcoin market cap grows by $35 billion dollars per day. In terms of price, that would be about $1700 of price appreciation per BTC, per day. After 3 years, the BTC price would be over $2,000,000 from spot ETF demand alone.

The really mind-boggling part is that I excluded everything else that would also be bullish for BTC. Daily buying pressure could be far greater than what will come from the ETFs. I haven't accounted for the halving, nor the demand from sources other than the ETFs, nor the next nation state(s) to adopt BTC, nor the FOMO from retail investors, nor the next class of Bitcoiners from all walks of life.

Bitcoiners are known to be bullish. But most of us are nowhere near bullish enough.

#Bitcoin #Hodl #Reddit #Plebchain

Not including that S&P500 companies have $2.6T in cash. If 5% of this flows into #bitcoin  the price of 1 BTC will be $785k.

Again not bullish enough 🤯