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Crypto PM
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Wow, talk about a digital gold rush! 🌟 In the first quarter of 2024, a whopping **937 financial firms** jumped on the Bitcoin bandwagon, showcasing their spot Bitcoin ETF holdings. 📈 That's a huge leap compared to the **95 firms** that opted for the classic Gold ETFs. It seems like Bitcoin is the new hot ticket in town, attracting a lot of professional attention and possibly reshaping the investment landscape! 💼🚀 #ETF #GoldETF #BTCETF #Etfs

Wow, talk about a digital gold rush! 🌟 In the first quarter of 2024, a whopping **937 financial firms** jumped on the Bitcoin bandwagon, showcasing their spot Bitcoin ETF holdings. 📈 That's a huge leap compared to the **95 firms** that opted for the classic Gold ETFs. It seems like Bitcoin is the new hot ticket in town, attracting a lot of professional attention and possibly reshaping the investment landscape! 💼🚀

#ETF #GoldETF #BTCETF #Etfs

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Most bullish #Bitcoin setup of all time: - Bitcoin ETFs were the most successful ETF launch ever. - BlackRock quietly sprinkling Bitcoin into conservative bond funds. - Post-halving upward price impact has yet to kick in. - Wisconsin State Pension Fund allocating earlier than expected. Others will soon follow. - Global desire to transition away from US sovereign debt as primary reserve asset due to weaponization of the dollar / seizure of sovereign assets. - China selling US Treasuries and stacking hard money Gold. But Bitcoin is now harder money than gold. - Central banks just starting rate cuts. - Still very few investors properly articulating the Bitcoin bull case or demonstrating deep understanding of BTC. Still not a consensus investment. - Investors still maxx allocated to equities & bonds, barely allocated to BTC. - Only 1 out 195 countries have fully embraced BTC as a reserve asset. - US institutions losing credibility by the day, BTC looks predictable and stable in comparison. It's becoming a "digital Switzerland" safe haven for wealth. - Geo-political competition is rising, highlighting the need for neutral non-sovereign assets that can't be blown up or seized. - US debt issues are gaining prominence, the need to debase currency is becoming more obvious, tens of trillions of value stored in sovereign debt needs a better home. Bitcoin will likely blow through $100K this year IMO. But most will be too distracted by the political circus to notice. There's a distinct possibility that the US could elect a prisoner as president. $1 Million #Bitcoin doesn't sound so shocking anymore, does it? #bitcoin #bitcoin #bitcoin
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