Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Sunny River Profile picture
@Architect_333
Jun 12, 2023 β€’ 15 tweets β€’ 9 min read β€’ Read on X
Scrolly
A $700B bank has just predicted that #Bitcoin will hit $100K by the end of 2024! πŸš€

With #Bitcoin currently at $25,000, $100k seems a long way off... UNTIL we look at:

πŸ“ˆ The #Bitcoin multiplier effect
🀯 The other Banks buying #Bitcoin in Q1 2023

🧡Time for a THREAD 🧡

1/ Image
Before we explore what BOA & Blackrock are doing, we're going to look at some simple grade 11 maths behind this $100,000 prediction, because:

EVERYBODY is doing their #Bitcoin math WRONG!

Most people would assume that to reach $100K, Bitcoin needs to reach a MC of $2.1T...

2/ Image
This is... CORRECT

$21T/21M = $100,000 per #Bitcoin

Considering BTC has a MC of around $500B today, that would mean we would only need around $1.5T-$$1.6T of capital to flow into Bitcoin, right...?

3/ Image
WRONG!

This is wrong because it doesn't account for the fact that not all the 21M Bitcoin are actually available for sale.

For example, 78% of the Bitcoin supply hasn't moved in over a year!

Due to Bitcoins scarcity, we need to do something with our maths equation...

4/ Image
When calculating any future valuations of BTC, we need to consider that not all 21 million Bitcoins are available for sale.

We can see that ON AVERAGE over the last 5 years, for every $1 that tries to buy BTC, it pushes the MC up by around 2.6X.

Welcome to what I call...

5/ Image
''The #Bitcoin multiplier effect!''

Now let's use it correctly in our maths equation to find out why $100,000 in 2024 COULD be conservative!

Let's round up from 2.6X to 3X for simplified demonstrative purposes and get bullish with the correct maths we should be using...

6/ Image
CONSIDERING our Multiplier effect, we would now ONLY need $0.533T of NEW capital wanting to buy #BTC to get our desired $1.6T of inflows we need to push #BTC to that magic $2.1T MC!

Suddenly that $100,000 prediction doesn't look so outrageous...

But wait, there's more...

7/ Image
This 2.6X multiplier effect is based on the previous 5 years of data..

Since 2020 something UNPRECEDENTED has happened in BTC!

1M #BTC have left exchanges since 2020, creating a 3-year supply suffocation!

Exchange balance:
πŸ“ˆ Mar 2020: 3.1M
πŸ“‰ May 2023: 2.1M

What's worse?

8/ Image
Some HUGE US banks have silently bought RECORD amounts of #Bitcoin during Q1 2023...

These banks include:
BLACKROCK
BOA
Fidelity

These banks are buying HUGE amounts of MSTR stock, which is the easiest way for some US investors to get exposure to the price movements of BTC.

9/ Image
We can see that in Q1 2023:

πŸ“ˆ BlackRock has a 6% stake in MSTR
πŸ“ˆ BOA bought 47,800% more MSTR stock
πŸ“ˆ Fidelity bought 28,000% more MSTR stock

2 of those names are SUPER interesting because...

10/ Image
Yes, that's the same BOA who pointed to the fact BTC had a multiplier effect of over 100X for a brief period of time in 2021...

And YES, that's the same BlackRock that only invests in ESG-friendly companies!

Have both giants changed their mind about #Bitcoin...

11/ Image
The #Bitcoin supply is becoming even MORE illiquid every day as we witness Binance suffering from a bank run!

Why are these banks silently buying HUGE swaths of MSTR?

Could this change BTCs cycle?

Will this cause the multiplier to rise in future Bitcoin bull markets?

12/ Image
We'll explore those Qs in more detail below, HOWEVER in the meantime...

If you've enjoyed this 🧡 so far, we'd appreciate it if you:

1. RT the tweet below to share this 🧡 with your audience
2. Follow us @BTC_Culture & @LukeMikic21 for more 🧡s

13/
For those who want to read more on this topic, we explore these questions in more detail in our free 5-minute weekly Sunday newsletter!

Check that one out here-πŸ‘‡
btcculture.com

For those who prefer video content, we've got you covered as well...πŸ‘‡

14/
For those who want to learn more on this topic, Luke recently covered this topic in depth on YT in this videoπŸ‘‡

TLDR: No one is bullish enough!

The halving is coming in 2024, and the supply is shrinking as demand is about to go PARABOLIC!


15/

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh
γ€€

Keep Current with Sunny River

Sunny River Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Architect_333

Sunny River Profile picture
Aug 24
Nature doesn't make mistakes.

Our Circadian Rhythm is one of the most powerful forces within us for a reason.

Here's WHY you need to optimize itβ€”and HOW to do so:Image
Before we dive into how to optimize your Circadian Rhythm

we'll quickly explore WHY you need to be optimizing it to significantly improve your health.

But first, what actually is your Circadian Rhythm?
Your Circadian Rhythm is your body's internal clock

Influencing a myriad of primary bodily functions over a 24-hour cycle.

This rhythm is mainly set by sunlight, which acts as a powerful cue for your body to align its internal processes with the day-night cycle.
Read 21 tweets
Sunny River Profile picture
Aug 17
"Walking is man's best medicine." - Hippocrates

This is your sign to follow the advice of some of history's greatest minds and start walking more.

Here’s why there's nothing better you can do for your mind, body, and soul, backed by science:Image
First, we'll quickly explore the incredible benefits of walking.

Then, we'll dive into the best practices to pair it with, helping you to optimize your daily routine and significantly improve your overall health.

THE BENEFITS OF WALKING:Image
1. All Cause Mortality

A meta analysis found that subjects who averaged 8,000 steps per day had a FIFTY PERCENT lower risk of all cause mortality.

All cause mortality is essentially things that kill us early:

β€’ Heart disease
β€’ Stroke
β€’ Diabetes
β€’ Cancer
Read 16 tweets
Sunny River Profile picture
Aug 12
"Fasting is the first principle of medicine." - Rumi

You've probably eaten food everyday of your life.

Give your poor body a break.

HERES HOW TO FAST AND WHY ITS SO BENEFICIAL:Image
First we will quickly look at the incredible benefits of fasting

Then we will get into how to fast, and answer your commonly asked questions down below.

THE BENEFITS OF FASTING:
1. Stem Cell Regeneration

Fasting can drastically increase stem cell regenerative capacity by up to 2x.

The body cleans out damaged cells during a fast and regenerates new stem cells, promoting longevity and reducing the risk of chronic diseases:
Read 21 tweets
Sunny River Profile picture
Aug 9
The NUMBER ONE food you need to heal your gut and skin issues.

Why BONE BROTH is the key to unlocking the next level of your health, and how to make it at home for FREE:Image
First we will look at why bone broth is a godly elixir you wish you were taking 10 years ago.

Then we will dive into how to make it at home with minimal effort for effectively $0/day.

The scraps you throw away are literally the healthiest thing you buy.
Bone broths have been consumed for thousands of years by many cultures.

And theres a reason why...

It's because they do more for your gut & skin health than any supplement.

It's rare to find something so powerful and versatile:
Read 21 tweets
Sunny River Profile picture
Aug 8
β€œAll disease begins in the gut” - Hippocrates

Everything about your life will finally click if you focus on digestion.

Here are 7 KEYS to identifying the symptoms and fixing your digestive issues:Image
First we will identify the seemingly unrelated symptoms that are caused by poor digestion.

Then, we will get into how to fix them.

Symptoms:
1. Anxiety.

This one is hugeβ€”very often rooted in digestive distress.

It can be effectively treated with a gut-centric approach.

Heres what @Garybrecka1 has to say about it:
Read 26 tweets
Sunny River Profile picture
Aug 7
Everybody knows about taking Creatine for the gym.

But few are aware of the extent to which it massively enhances cognitive performance.

Here's what this superhuman supplement really does:Image
What you think creatine helps with:

β€’ Lifting

What it really helps with:

β€’ Depression
β€’ Cognitive performance
β€’ Dopamine production
β€’ Anxiety
β€’ Memory
β€’ Traumatic brain injury
β€’ Mental fatigue
β€’ Antioxidant status
β€’ Alzheimer's

Don't believe me? lets dive in...
The brain is incredibly rich in creatine.

MRI imaging reveals that creatine (PCr) is one of the most abundant compounds in the brain.

It's THAT crucial.

However we don't really get enough of it in our diet...
Read 19 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(