Bitcoin is getting closer and closer to takeoff - the surge is unimaginable
Since the Bitcoin ETF was passed on January 10, 2024, it has received more than $20 billion in net inflows so far, with a net inflow of $20.433 billion as of today. Ten Bitcoin spot ETFs in the United States hold nearly one million BTC. The latest managed funds of BlackRock, the world's largest asset management company, exceeded $115,000 in the third quarter of 24. IBIT, a subsidiary of BlackRock, has bought a total of 381,000 bitcoins so far, with a market value of more than $25 billion. IBIT accounts for 0.217% of BlackRock's total asset management scale, and the proportion may reach 1% in the future.
BlackRock is about to complete its position. When BlackRock holds 400,000 or 500,000 bitcoins, the increase in Bitcoin will exceed everyone's imagination. The US election is about to end, and the next presidential candidate will be announced on November 5. Now it seems that Trump is more likely to be elected. If Trump is elected, he will use Bitcoin as a national reserve after taking office, and with the unlimited purchases of institutions such as BlackRock and Fidelity, the high point of Bitcoin in this cycle will exceed $200,000.
Hold BTC and let time accompany us to slowly become rich.
