Thread by @crypto_Tyrion

1/21
Lets talk about $BTC Bitcoin, oil, gold, institutional money, and illicit money (which people refrain from talking about for moral/political correctness).

I will also try to connect dots about when 100k, 250k, 1 mil.

Time for Lannister bombs!

2/21
We all talk about institutional money, and that when it enters $BTC will moon.

But what exactly is it? Who all are the players?

IMO - 3 types
- Big Hedge funds, VC and trading firms
- Banks (both central and private)
- Institutions - Pension funds, sovereign funds etc.

3/21
Before breaking down what is happening, let me also bring up illicit money aka 'bad money'.

IMO it is the money both from black market trades..including drugs, weapons etc, and the tax evaded money.

4/21
Lets start with gold, currently at 8 trillion mcap. It is the blue eyed asset for central banks and governments, and illicit money.

Its important to note that China, Russia and Iran are stocking up gold...look at their reserves for past few years. Something is fishy!

5/21
Their building up of reserves directly points to a boom in price incoming due to increased demand, and ever decreasing supply. I expect gold to hit at least 10-11 trillion mcap within the next few years. more in case of a war.

6/21
Now lets talk about Gold vs Bitcoin $BTC. Gold is not too divisible, at least as much as bitcoin. Only USP of gold is its a rare store of value, and hence highly desirable, which results in the prices we see today.

Bitcoin is gold on steroids. How?

7/21
Bitcoin is -
- divisible and can be broken down into satoshis...gold has limits
- very limited supply, de-facto only 16-19 million pieces. Gold, we dunno how much more we have.
- Can you send gold from Spain to Japan...maybe! Bitcoin? In 30 MINUTES!

8/21
- Can you use gold to buy cheap commodities? Maybe! OK, a coffee? nope. but with bitcoin...maybe end of year we will.
- Gold is majorly owned by governments and central banks...so if everyone in the world wants some gold, it is impossible. Bitcoin...sure they can...always!

9/21

So from above proof by induction method by juxtaposing bitcoin and gold, you have to be brainless to not agree to -

BITCOIN MCAP WILL OVERTAKE GOLD MCAP IN NEXT FEW YEARS.

Gold mcap will be atleast 11 trillion, just read up about China and Russia accumulating gold.

10/21

$BTC mcap is around 0.15 T. So bitcoin overtaking gold, means a 100x from here.

You wanna know $BTC ceiling? $500K is sure shot!!

Start treating that .05 $BTC with respect from today onwards :)

11/21

Now lets talk about big money. Why are they not buying the dip?

They are. They are buying your alt bags also. They are really smart. But who are 'they'?

These are VC firms, private HNW individuals, who cannot buy for now via funds, and hedge funds. They're buying OTC.

12/21

Is this the big money we have been waiting for? HELL NO!

A lot of the monster money is waiting on the side lines....they literally have a boner for bitcoin..but cannot buy until SEC marks clear regulations.
Better to wait for rules, instead of buying now and then lobbying

13/21

When regulations? IMO 2019 2nd half.

When that happens, the mad bull will see the red cloth, and we will see 250k. Why 250k?

Huge rally due to big money, actual use of bitcoin starting, difficulty adjustment, media attention and increase in credibility as an asset.

14/21

When $250k? Before next halving...less than 800 days. Adoption, euphoria, and difficulty increase are all lining up perfectly for the price I mentioned.

The SEC regulation will drive this pump. Oh and do not worry about your alts, they will be de-pegged by then.

15/21

You think that is it? Nope. The real big money, pension funds, healthcare funds, sovereign funds, central reserves, will move in, but late. Yes late. Wanna know why?

Most of such funds/entities invest in an asset/asset class only if their valuation is in trillions.

16/21

Isn't it strange the last crypto mcap peak was 800 billion, i.e. just under 1 trillion?

Dear chartists, lemme tell you the resistances by mcap - 1 trillion..the most important, 5T will be biggest resistance, translates into $250k price.
10 T breaks and we will see FOMO.

17/21

By the time BTC itself breaks 1T mcap, and these big institutions clear BTC as an invest able class, the insane volatility will be gone..and market makers will have to control at least 40-80 biilion to manipulate...difficult IMO.

BTC will still be volatile.

18/21

So if BTC volatile, will they actually invest? YES!
Look at oil, fluctuates between $30-$140.

Currently, people still want 1 full BTC. After 100k, people will scramble for 0.1 BTC, and after 250k, real desperation begins...people will scramble for 10000 sats.

19/21

What about illicit money. Why BTC for them? They are comfy in tax haven banks.

One reason - Speed of bitcoin and store of value. Why will I not invest which is faster and more accessible than Swi** bank and will also multiply my money.

20/21

Add to it, a possible mainstream route for the money. Just pay taxes to the feds, as they are tax desperate.

The current OTC deals, both banked and cash, if recorded, will result in CNBC doing a daily 1 hour $BTC show. Y'all have no idea what is incoming.

21/21

Tim Draper is conservative with his estimates, my analyses point closer to @officialmcafee predictions than Tim @TimDraper .

Year 2025 -
3 BTC = House, rolls royce, college education for kids and lifetime expenses paid for. IMO!

DYOR..like I do mine! ;)

Cheers!