#Bitcoin always has historical significance - and it has repeated itself.
*Performance of $BTC right after each election cycle:
.In 2012 increased by 22%
.In 2016 increased by 37%
.In 2020 increased by 98%
.Currently in 2024, it has also grown quite well - close to the 2016 cycle
(not too strong)
Good news:
- Demand for #Bitcoin is very high in 2024, due to many
important and clear news
- Spot ETF has been approved, halving reduces BTC mining rewards from
miners
- Cash flow from ETF funds continuously grows before and after elections > showing the level of interest and the actual heat of this market
- Short-term profit taking due to the shock increase from 65k to 76k (open interest has
significantly decreased)
Most importantly, if passed and the cryptocurrency law and Bitcoin reserves of the U.S. government under Trump, then Bitcoin will be called
REAL VÀG 4.0, with the U.S. government being able to purchase up to 5% of the total supply
$BTC each year for Bitcoin storage.
Not to mention future scarcity, but the popularization to traditional large
agricultural entities in the U.S. when they dive deep and participate in holding.
Do you know what I mean?
- Current Mcap of $BTC is 1.5B
- Current Mcap of Gold is about 18kB
The cash flow into Bitcoin is still too small compared to Vàg
