Today’s Nuggets
The Reflexivity of Bitcoin
This Cycle’s Year 3 of 4 Starts Now
Upside Ahead
Retail Interest Returning
PlanB’s New BTC Target
AltSeason is Creeping In
If BTC Hits $100K, SOL = ?
Fiscal Malfeasance
First Time Homebuyers Disappear
In this story, we will recap everything that happened this week, covering everything you may have missed alongside a bunch of data.
Welcome to what was the biggest money-making week of the year. All of our bags went to the moon. Moon-vember is truly here!
Crypto Market Update:
The crypto market cap is about $2.6 trillion;
Bitcoin has been flirting with the $76.5K level; and
Fear and Greed is back to 75.
This is a great point from Hunter Horsley and makes for an even more compelling case for Bitcoin.
As we always say, the best advertising for Bitcoin is price. When the price goes up, people get FOMO and get interested. When the price breaks a new all-time high, everything changes.
One week ago, before the U.S. election, the Bitcoin price was approximately $67,000.
If you look at the history of the 2012 election, 2016 election, and 2020 election, a trend emerges: the week leading up to the election marked a significant low point for Bitcoin's price. After the election, such price levels were never revisited.
If history repeats, we may never see a price level of $70,000 for Bitcoin again!
Bob Loukas predicted a week ago that year three of the four-year cycle begins now, and that is when things kick off in earnest.
He is a legend in the space and he nailed it!
The big spike on the right-hand side, $1.4 billion in a day into nine ETFs, is also a historic development.
The ETFs had $300 million yesterday, which looks like nothing on the chart but is still above the pink smiley-faced trend.
Yesterday, 4,036 BTC was bought, and 18,900 on Thursday, which is insane.
Only 450 Bitcoin are mined a day and not all
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