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/
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/
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:
π Mar 2020: 3.1M
π May 2023: 2.1M
What's worse?
8/
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/
We can see that in Q1 2023:
π BlackRock has a 6% stake in MSTR
π BOA bought 47,800% more MSTR stock
π Fidelity bought 28,000% more MSTR stock
2 of those names are SUPER interesting because...
10/
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/
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/
We'll explore those Qs in more detail below, HOWEVER in the meantime...
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