Last week we saw the approval of 11 spot #Bitcoin ETFs.The long-standing saga is finally over.However, the story doesn't end there.What happened since then and what lies AHEAD for the industry?Find out in this thread 🧵1/ We'll be looking at three topics today:1️⃣ Market Overview2️⃣ What's Next?Let's dive in!2/ 1️⃣ Market OverviewAs you all know, the drama around the spot #BTC ETF came to an end last week.However, what seemed like a resolution took an unexpected turn when certain TradFi brokerage firms, including Vanguard, declared that they won't be offering the ETF to customers.3/ Despite the availability of a FULLY REGULATED crypto financial instrument for investors, some institutions are hesitant to allow their users to purchase them...Yet another reason to embrace #DeFi right here! 🤣4/ On the other hand, giants like BlackRock, having secured approval for their spot #BTC ETF, are now giving their endorsement to the industry.Larry Fink has been in the media for a while expressing positive sentiments about Bitcoin and blockchain.5/ Vanguard is merely postponing the inevitable — crypto is inevitable.Yet, if they keep fading it and restricting their customers' freedom, they risk losing market share in the long run to competitors like BlackRock, currently top #1 and Fidelity, top #Yet, if they keep fading it and restricting their customers' freedom, they risk losing market share in the long run to competitors like BlackRock, currently top #1 and Fidelity, top #3. 6/ In only two days of trading, the cumulative volume for spot #BTC ETFs reached $7.7 billion!BlackRock's ETF experienced over half a billion dollars in inflows within the initial two days!Look at what Vanguard is missing here 👀Just imagine the long-term scenario.7/ 2️⃣ What's Next?With the most challenging phase getting past behind us, what lies ahead for the industry?Firstly, we'd like to highlight a survey made by @BitwiseInvest showing that 88% of financial advisors interested on BTC were awaiting ETF approval to start allocating.8/ The importance of the spot ETF is on the institutional side.Professionals needed a regulated venture to get exposure to crypto.The same happened to gold in 2004.Now, they have one.9/ Big inflows are on the horizon.But that's not the end of the story.Massive speculation is underway in other assets, which could spark a positive sentiment across the entire crypto industry!We might see spot ETH ETFs already this year!10/ A recent study revealed that pension funds globally manage assets exceeding 47 TRILLION dollars.Now, envision the impact if they were to allocate just 1% into BTC through a regulated avenue.This would be $470 Billion, which is more than half of the current #BTC market cap!
Avax Broke the Falling Wedge Around 37$ and Then Again Retest it Near 35$ You Can Take a Good Entry here and Targets are Mentioned in above Chart. Don't Miss This Entry.
AGIXUSDT is Very Strong and Used Cased Ai Project For Long Term Holding. You Can Buy Agix On These Levels Agix Can Easily Hit 5-10$ In Long Term. Don't Miss It For Long Term.. You Can Book Your Profits In Short Term On Above Level In Chart... Agix Is also giving Short Term Profit Booking chance On current Proce... #agix #AgixUsdt $AGIX
The Stock to Flow / Power Law Scarcity Thesis CC: @100trillionUSD
Do you think it holds this cycle?
Thesis:
Every halving, Bitcoin Stock to Flow (measure of scarcity) doubles and market value increases 10x, a constant factor based on a power law relationship.
A power law is a relationship in which a relative change in one quantity gives rise to a proportional relative change in the other quantity, independent of the initial size of those quantities.
NB: A power law can be turned into a linear relationship if we plot the variables on logarithmic axes (orange line below). #btc #btccycle #crypto #market #cpi #tothemoon
BCZ MANIPULATION IS ALMOST OVER . AND WE GOT A DAILY 50 M.A HERE AND ALSO WE HAVE CME GAP AT 43600.. AFTER HITTING 43600 MORE BUYERS WILL COME AND BTC NEEDS TO HIT MINIMUM 45000 IN NEXT 48 HOURS... #BTC #BTCETF #BTCUSDT #BTC-ETF.
JUST IN: Former-Citi execs are launching #Bitcoin Depositary Receipts, which are securities backed by Bitcoin that do NOT need SEC approval - Bloomberg
#Bitcoin dumping -8% 😅 Well that was quick. Bitcoin dumped in Total -11% since Jim Cramer said on TV that $BTC is technological marvel and unkillable!
I can't make this up. He is a paid actor for Wallstreet! His sole job is to trap retail. If your holding spot no leverage just chill! We are just back in range. Lets see if this range holds.
Just Matrix engagement farming. More SEC ETF rejection/denial would directly violate US court decision against SEC rejection/denial. IMO. DON'T GET TRAPPED Never Sell Panic 🔥📈
JIM CRAMER: #BitcoinPrice2024 is a reality and a technological marvel, and people have to recognise it is here to stay....and all the bulls were right. 🧐
If this happens just after some speculation that Bitcoin ETF had been delayed, What would happen if BTC ETF really rejected in January. 🚨 This could all be just FUD and an attempt to manipulate before $BTC ETF. Never panic sell, HODL #Bitcoin . ✊ #BTCETF #BitcoinETF
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