We may truly be on the brink of an unprecedented #Bitcoin supercycle :
๐ง๐๐ ๐ ๐ข๐ง๐๐๐ฅ ๐ข๐ ๐๐๐ ๐๐จ๐๐๐ฅ๐จ๐ก๐ฆ ๐๐
Here are 8 reasons why this time, it's set to go full banana ๐งต๐
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1๏ธโฃ The Bitcoin ETF arc
As you already know, BlackRock, Valkyrie, and other Wall Street giants await approval for their Bitcoin spot ETF applications
These entities can only start to accumulate once they have SEC clearance
High demand coming : potential ๐๐๐ฝ๐ฝ๐น๐ ๐๐ต๐ผ๐ฐ๐ธ?
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2๏ธโฃ The halving
The halving of mining subsidies will take place this year, estimated to be on April 17
This will reinforce scarcity, impacting supply dynamics, thus amplifying the perception of Bitcoin as a desirable, scarce asset : ๐๐ฎ๐ฟ๐ฑ๐ฒ๐ฟ, ๐น๐ผ๐ป๐ด๐ฒ๐ฟ ๐ฏ๐๐น๐น๐ฟ๐๐ป ๐ฆพ
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3๏ธโฃ US Elections & QE
Economic & employment indicators need to look great before the elections. That could lead the FED to pivot & engage in Quantitative Easing to sustain the metrics
Plus, some candidates have a pro-bitcoin slant
Printer ON + public awareness = ๐๐จ๐๐๐๐ฆ๐๐
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4๏ธโฃ Gold new ATH
Arguably the current safe-haven leader, sat a new all-time high at the end of 2023
Past data tends to show that when there's a bullish move in gold, it could lead a surge in Bitcoin 6 to 12 months later
If history rhymes, Bitcoin ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ ๐๐ถ๐น๐น ๐๐ถ๐ป๐ด ๐จโ๐ค
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5๏ธโฃ Matching cycles
Every 4 years, punctuated by halvings and macro events, Bitcoin graces us with a season of euphoria followed by a bear market, to the point of becoming boring
We're at the end of one cycle and the dawn of a new one : ๐๐ฒ'๐ฟ๐ฒ ๐ฎ๐ฏ๐ผ๐๐ ๐๐ผ ๐๐ฎ๐ธ๐ฒ ๐ผ๐ณ๐ณ!
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6๏ธโฃ They will die on this hill
70% of hodling wallets have not moved their funds for >12 month, not selling
The public is aggressively accumulating, vying for a slice of the scarcest cake, reducing the available supply
Enough for everyone, ๐ฏ๐๐ ๐ฎ๐ ๐๐ต๐ฎ๐ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ? ๐ธ
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7๏ธโฃ The mastodons keep on buying
MicroStrategy, Tether, and several other prominent billionaires are making substantial purchases of Bitcoin, indicating a notable increase in their commitment :
At this point, it's a Bitcoin rush
๐ง๐ต๐ฒ๐ฟ๐ฒ ๐ถ๐ ๐ป๐ผ ๐๐ฒ๐ฐ๐ผ๐ป๐ฑ ๐ฏ๐ฒ๐๐
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8๏ธโฃ The hashrate race
Bitcoin's hashrate increased by 102% during 2023
Companies are actively engaged in a fight with mining arsenals, competing for the jackpot in the upcoming cycle, undeterred by the looming subsidy halving
How could it be any more bullish than this?
๐ฅ๐ฅ๐ฅ
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What do YOU think about Bitcoin's 2024 season? ๐ซต
#Bitcoin #Nostr #Plebchain