Here is How $BTC can dump down to $35,000, here is a better explanation than all the technical analysis you have been seeing about #BTC going to $35,000
Okay🔬, first of all the current market Cap of #BTC is some where around $1.2 Trillion (Dollars)
For $BTC to go as low as $35,000, it means about $500B (Five hundred Billion dollars) would be taken out of the market, and this would take Bitcoin somewhere around $682B (Six Hundred and Eight-two Billion dollars) Market Cap
Now, look, The next US election is close and Donald Trump is very Bullish on #BTC , he spoke in the recent Bitcoin Conference and he said a lot of bullish things about Bitcoin, now let’s imagine he wins the Election and He (US government) now decide to invest $10B (Ten Billion Dollars) into Bitcoin
Remember, Bitcoin is a store of Value, an edge over inflation, already we have some countries that are already bullish and buying #BTC
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And it is very very important to know that Bitcoin has a limited Supply, you need to understand this, we would only have 21M #BTC available, plus the regular Bitcoin Halving, Lost Bitcoins that would never be sold because the owners already lost access to their wallets
Also you need to know El Salvador made headlines in 2021 by becoming the first country to adopt Bitcoin as legal tender. The government has purchased large amounts of Bitcoin, viewing it as a way to attract investment, promote financial inclusion, and reduce dependence on the U.S. dollar.
Bitcoin is Not - LTC
Bitcoin is Not - XRP
Bitcoin is $BTC
Please if you disagree With this, please share your thoughts in the comments section
