BTCโฆ the future (is not Gold!!)14 Jan 2024 22:55
Bitcoin is going to $500k after the Spot ETF approval. Here is the evidence -
When Gold ETF was approved, its Map was around $2 Trillion. After ETF gold saw huge inflows of liquidity
and reached $16 Trillion in few years.
( Donโt forget gold supply is not fixed,we are always finding new gold. If it was a fix supply gold price would be
way higher )
As of today, Bitcoin market cap is $840 Billion and if BTC reaches even half of the gold market cap which is
$8 Trillion in coming years, it will push the price of Bitcoin to $500k in the coming years. Thatโs more than 10x
from current price. You might think $8 trillion is a lot ?
Global stock market - $109 Trillion
Global bond market - $133 Trillion
Gold today - $13.79 Trillion
Bitcoin will not only get mcap from gold, it will also get mcap from stocks, bonds everything. So our $8 Trillion
target is not hard. Now we have trillion dollar companies shilling Bitcoin for us with ads. Institutions are finally
here and trillions are coming into crypto !!
Remember this is a long term target, this wonโt happen overnight. So be Patient and also donโt panic about the
short term drops and donโt get shaken out.
So Just hold tight, research and believe โฆ. Fleccy !!๐คฃ
(โฆ and ETH is a decent bet right now too !! )