NUGGETS OF ALPHA
Steven Schoenfield believes that the SEC will approve ETF applications simultaneously
Larry Fink recently stated that "Bitcoin is digitizing gold"
Schoenfield anticipates a “$150 to $200B inflow” into BTC products over 3 years
Bitcoin issued per year is decreasing from 328,125 to 164,063 starting April 2024
Over 80% of the total supply of Bitcoin has not moved in over 182 days
This redux brings us to a forecasted price of $424,902 by April 2028
All roads lead to Bitcoin!
Yesterday, I broke down the actual supply and demand impact of the Bitcoin halving aligned with price targets. This redux is filled with more numbers and updates related to BTC's perfect inelasticity, with an important update from two former BlackRock managing directors.
This was from my post recently that triggered a request from the IA Patreon community to redo the numbers based on this update and supply an update.
The BlackRock former managing directors stated the following:
Spot BTC ETF is imminent (3 to 6 months)
SEC will approve all ETF applications at the same time
Instead of rejecting the whole list of applicants, the SEC has asked for comments, which is an improvement in the dialogue.
Larry Fink recently stated that "Bitcoin is digitizing gold," which you can see in the Gold performance lately
We have $900M of
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