🚀 Bitcoin Soars to $1M: A Bold Prediction Unveiled! 🌐💸
In a jaw-dropping revelation, blockchain expert Samson Mow predicts Bitcoin's price to skyrocket to $1 million in a matter of days to weeks! 📈 The driving force behind this ambitious forecast? The recent mass approval of Bitcoin Exchange-Traded Funds (ETFs), triggering a potential supply shortage that could reshape the crypto landscape.
1. ETF Approval Sparks Supply Shortage
BlackRock's acquisition of 11,500 BTC with in the first two days of trading has significantly diminished the available market supply, equivalent to 13 days' worth of the current daily Bitcoin supply. 📉 This rapid depletion could set the stage for an unprecedented surge in demand, especially if ETFs continue attracting substantial inflows.
2. Scarcity Unleashed: Institutional Buying Frenzy
CryptoSlate's analysis suggests that with the current aggressive rate of institutional buying, the supply could dry up in around 120 days, creating historic scarcity in Bitcoin's history. The impending Bitcoin Halving, expected in the next 90 to 120 days, further adds to the complexity by reducing the mining reward from 6.25 BTC to 3.125 BTC.
🔍 Max Pain Theory: Unraveling Bitcoin's Potential
Mow introduces the Max Pain Theory, drawing parallels from traditional financial markets, to explain potential price surges and extreme fluctuations. This theory hints at unexpected short squeezes, catching traders off guard and amplifying Bitcoin's inherent volatility. Could this theory disrupt strategic plans for nation-states and companies investing in Bitcoin?
🌪️ Prepare for Unprecedented Market Dynamics!
As Mow challenges established models like Stock-to-Flow (S2F), potential disruptions loom, affecting Lightning Network usability and posing challenges with high fees. Brace yourselves for unexpected twists as Bitcoin defies conventional market expectations.
🚨 Stay Informed, Stay Ahead! Follow The Defidraft for Real-time Crypto Insights! 🌐💡
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