1/ There's an interesting dichotomy that has emerged between the #BTC price targets of traditional institutions and the battle-hardened crypto natives
The former targetting $400k-$1m+ have become the moonboys, while the latter is much more conservative targetting $50k-$120k
The former targetting $400k-$1m+ have become the moonboys, while the latter is much more conservative targetting $50k-$120k
2/ Previously, I'd align myself closer to the latter group
But the ostentatiousness of the moon targets should not be ignored. It tells me that these massive capital allocators are fully bought in and committed
They've aligned their personal accounts, funds, and social capital
But the ostentatiousness of the moon targets should not be ignored. It tells me that these massive capital allocators are fully bought in and committed
They've aligned their personal accounts, funds, and social capital
3/ Guggenheim, Scaramucci, Saylor, etc.
They will shill their hearts out with 1000x the impact that any of us can hope to have or thought possible
They will shill their hearts out with 1000x the impact that any of us can hope to have or thought possible
4/ They will sway immense pockets of capital that we thought would never touch #BTC
For this reason, I think this cycle will go further than many of us would expect
For this reason, I think this cycle will go further than many of us would expect
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