NUGGETS OF ALPHA
$30 trillion in management is poised to enter the Bitcoin market via the spot ETF
An estimated $10 billion per month will be entering into Bitcoin in 2024
JPMorgan will serve as the broker-dealer for BlackRock's spot BTC ETF
4 of the top 10 crypto winners in 2023 were Solana-related projects
Per Elon’s remarks on X, Tesla could be worth $3,105 by 2028
In this weekly recap, I have two profound topics to share:
Is a $10,000 Bitcoin green candle coming?
Tesla's new price target
In December, Bitcoin experienced its typical growth per annual basis.
BNB +21%, the top 100 holders own 90% of the BNB supply
SOL +10%, following a near 100% month of growth
AVAX -10%
BNB +18%
ICP, BCH, and UNI had a great week
Lots of red overall in the crypto market, so we did not get the Santa Rally
Last Wednesday, a massive $1.19B worth of Bitcoin moved off of centralized exchanges. This marks the largest single-day Bitcoin outflow since December 2022.
Last Friday there was so much happening regarding the spot BTC ETF.
Here is another list of why you should own Bitcoin:
Major financial firms with $30 trillion in management are poised to enter the Bitcoin market, driven by retail demand for ETF products, potentially leading to large buy orders.
Traditional 60/40 investment portfolios are losing favor, with a significant decline in 30-year treasury bonds since 2020, prompting a shift of funds towards Bitcoin.
There is a growing belief among Bitcoin enthusiasts that they have a deeper understanding of money and economics compared to mainstream financial systems, viewing fiat currency as flawed.
A significant influx of money is expected to enter the Bitcoin market, with limited willingness from current holders to sell, creating a strong base of Bitcoin' hodlers' worldwide.
Demand for Bitcoin is anticipated to surge, with an estimated $10 billion per month entering the market, facing limited supply due to the reluctance of current holders to sell.
Institutional firms are expected to face challenges in acquiring Bitcoin positions, as they need to purchase spot Bitcoin in response to ETF share purchases, potentially causing significant price movements.
A massive God candle might be necessary to
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