Bitcoin is going to $500k after the Spot ETF is approval. Here is the evidence -
When Gold ETF was approved, it’s mcap was around $2 Trillion. After ETF gold saw huge inflows of liquidity and reached $16 Trillion in few years. ( Don’t forget gold supply is not fixed, we are always finding new gold. If it was a fix supply gold price would be way higher )
As of today, Bitcoin market cap is $840 Billion and if BTC reaches even half of the gold market cap which is $8 Trillion in coming years, it will push the price of Bitcoin to $500k in the coming years. That’s more than 10x from current price. You might think $8 trillion is a lot ?
Global stock market - $109 Trillion Global bond market - $133 Trillion Gold today - $13.79 Trillion
Bitcoin will not only get mcap from gold, it will also get mcap from stocks, bonds everything. So our $8 Trillion target is not hard. Now we have trillion dollar companies shilling Bitcoin for us with ads. Institutions are finally here and trillions are coming into crypto boyz!!
Remember this is a long term target, this won’t happen overnight. So be Patient and also don’t panic about the short term drops and don’t get shaken out. You will become a first crypto millionaire in your family. So Just hold tight, research and believe in yourself.
JUST IN: Billionaire Tim Draper says #Bitcoin will hit $250,000 in 2024.
He initially made this prediction when Bitcoin was valued at around $4,000, indicating his long-term bullish outlook on the cryptocurrency.
Draper has also mentioned that once Bitcoin reaches this $250,000 mark, he anticipates it could surge even further.
Tim Draper's prediction is indeed bold and optimistic. These growth is the result of the increased institutional adoption, technological advancements in the blockchain sector, and wider acceptance of Bitcoin as a store of value.
Lets see whats going to happen, 2024 will definitely be a great year 👀
●Halving is coming ●ETF approval will happen ●4 year cycle is still valid ●Banks are collapsing ●BTC is becoming digital gold ●$9 trillion Blackrock is backing btc
Anything else ? fellow me for strong crypto content
JUST IN: 🇺🇸 SEC just met with ALL spot Bitcoin ETF issuers and told them to remove any reference to "in-kind" redemptions from their filings. "Cash creates" only.
It's a done deal. 🤝 Negotiating the finer details.