HODLFast ⚡⚓ on Nostr: ...

quoting
nevent1q…l2fl

BlackRock trying to add exposure to #Bitcoin  through other funds, in this case its Global Allocation Fund, begs an important question, how long before all funds have exposure to #BTC ? Well if BlackRock is setting the pace then game theory might play out faster than expected. The amount of adoption in the next decade will likely make everyone seem like they weren’t bullish enough…as always.

#Bitcoin  will continue to break records and models. Every price surge will add fuel to the fire of adoption, boy oh boy it’s spreading like wildfire. This metaphor is the only situation in which you shouldn’t listen to smoky the bear, or any bear for that matter, as not even the bulls are bullish enough.

This momentum that we are building isn’t the kind that will fade away over night. This is the type that wakes up with stronger hands and an insatiable appetite that grows as it devours.

There are assets that have the been running when denominated in #BTC , pricing assets in #Bitcoin  is my new favorite thing… EVERYTHING seems overvalued.

It’d be a shame if something were to cut new supply entering the market IN HALF…

Daily demand for #Bitcoin  ALREADY FAR OUTPACES daily issuance by 3.45x using average daily volume from February and current price (this is a conservative estimate of how undervalued I think #Bitcoin  is at the moment.) $236k could just be a candle away. If everything stays the same and is projected forward, this is the price #Bitcoin  would have to reach to restore equilibrium in supply and demand (something we might NEVER see again.)

There’s not enough #BTC  to go around and the only way to accommodate is for price to increase or rehypothecation. Self custody is key here.

We are still experiencing lingering effects from the longest #Bitcoin  winter ever seen *cough cough* Grayscale outflows…

But there’s deeper pockets on the sidelines than in Grayscale.

The entire world will be sidelined by the main event that is #Bitcoin , that is hope that we aren’t doomed as a civilization, but rather challenged to continue our growth hand in hand, peer to peer, and block by block.