Bitcoin is about to moon and you’re going to miss it again.

The SEC approved the Bitcoin ETFs on January 10th of this year. The clear leader of the pack has been Blackrock by far, they bought over $1,000,000,000 worth of Bitcoin yesterday alone, yes that’s billion with a B. Between the 12 approved ETFs they have bought a combined 1,025,420 Bitcoin since approval. Who’s buying all this Bitcoin through these funds? Early on it was retail buyers who now had access to the digital asset class through their brokers, however as we started to get a look at S-13 filings (SEC quarterly reporting for institutional managers who manage at least $100 million in assets) throughout the year, a more clear picture emerged. The institutions have truly arrived, we’ve seen buys from Morgan Stanley, Jersey City, The State of Wisconsin Pension Fund, Emory University, and the list goes on and on. Only 450 new Bitcoin are mined every day, the ETFs are buying an average of 3,700 a day. There are no signs of stopping the ETF machine, they are sucking the exchanges and OTC desks dry of Bitcoin, the real supply squeeze is upon us.

What Happens Next?

Here is how I think this all plays out. Trump will fire Gary Gensler, Chairman of the SEC. Gary has been the lieutenant of Elizabeth Warren’s Anti-crypto Army. That Army is dead in the water now. With more favorable regulation new companies in Bitcoin don’t have to flee to other countries like the UAE, Switzerland, Israel and Singapore, all of which have put forth clear and fair regulation for the industry. Now major tech companies can acquire smaller crypto companies and fold them into the fabric of the US tech world. Banks will get approval to custody your Bitcoin, you will see Checking, Savings, Bitcoin on your Bank of America homepage. Bullish.