Bitcoin is going to $500k after the Spot ETF is approval. Here is the evidence;
When Gold ETF was approved, it's mcap was around $2 Trillion. After ETF gold saw huge inflows of liquidity and reached $16 Trillion in few years. (Don't forget gold supply is not fixed, we are always finding new gold. If it was a fix supply gold price would be way higher)
As of today, Bitcoin market cap is $840 Billion and if BTC reaches even half of the gold market cap which is $8 Trillion in coming years, it will push the price of Bitcoin to $500k in the coming years. That's more than 10x from current price. You might think $8 trillion is a lot?
Global stock market - $109 Trillion
Global bond market - $133 Trillion
Gold today - $13.79 Trillion
Bitcoin will not only get mcap from gold, it will also get mcap from stocks, bonds everything. So our $8 Trillion target is not hard. Now we have trillion dollar companies shilling Bitcoin for us with ads. Institutions are finally here and trillions are coming into crypto boyz!!
Remember this is a long term target, this won't happen overnight. So be Patient and also don't panic about the short term drops and don't get shaken out. You will become a first crypto millionaire in your family. So Just hold tight, research and believe in yourself.
