InvestAnswers Newsletter

InvestAnswers Newsletter

Share this post

InvestAnswers Newsletter
InvestAnswers Newsletter
RECAP: WAVE 2
Copy link
Facebook
Email
Notes
More

RECAP: WAVE 2

🌊 BITCOIN TSUNAMI WAVE #2: Brace Yourselves 🚀

InvestAnswers's avatar
InvestAnswers
May 18, 2024
∙ Paid
1
Share

Today’s Nuggets

  • The U.S. Senate Repeals SEC BTC Roadblock

  • The Day BlackRock Announces Bitcoin on Aladdin

  • Coinbase Bitcoin Hits Record Low

  • MorganStanley Invests $269M in BTC

  • IBIT Breaks ETF Records

  • Volcano-Powered Geothermal Bitcoin Mining

  • BTC ETFs Pull In 10x of Daily Supply


I spent the last 24 hours analyzing all the top ETF buyers to see who is playing Bull in this new game and the results are pretty impressive.

Based on some data - with some interesting numbers - I also have a couple of new price targets. We had a big inflow yesterday, the third biggest inflow since early March of this year.

Ten times the daily reward was pulled from the system, which is crazy.

Crypto Market Update:

  • The price of Bitcoin is $65,600. 

  • The Crypto Fear & Greed Index is currently Greed (70).


By the way, there is a public record of these 38 ‘nays’ and it is now not advisable to be anti-crypto on this planet.

I have been warning about this for over a year and it is coming to fruition… and these folks know it!


Edelman's piece caught me by surprise, as somebody has been watching my videos…

It seems he is using my 21x multiplier, which I have used since 2021.


I plugged the numbers into my model and here we go.

If we assume just 1% of $30 trillion goes in with the 21x multiplier, the impact on Bitcoin's price is $420,000 - on top of the $66K price - which now takes us to $486,000 per BTC.

Maybe Edelman

Keep reading with a 7-day free trial

Subscribe to InvestAnswers Newsletter to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 InvestAnswers
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More