I’ve never been this excited about the potential of #Bitcoin for significant price appreciation in the short term (less than 18 month time frame.)

Why? Read on...

First the technicals...

As a hard asset with a stock to flow that will approach infinity #Bitcoin is the perfect hedge against inflation.

Bitcoin has been less volatile than many stocks this year while its price has appreciated over 25% in 2020.

The long term price chart is showing a super bullish descending triangle (continuation) pattern off the Jan 2018 highs.

The actual float for #Bitcoin is likely significantly less than the total Bitcoin mined, probably by a factor of 25-50%, due to lost keys, lost passwords/2fa access, breakage, dust, etc.

Tether, the most used USD stablecoin is now worth $15 billion, $5 billion more than a few weeks ago. USD Inflows into Tether have invariably found their way into #Bitcoin .

There is also psychological momentum for #Bitcoin ...

Bitcoin is held by a relatively small number of wealthy early adopters. Even a small increase in this holder base would cause significant price appreciation.

In 2017 #Bitcoin didn’t have the support of Fidelity, Bakkt, CME, Harvard University, Chase, Grayscale, Ameritrust, etc.

Recently, according to Coindesk, Chinese state-owned media outlets have made coordinated reports describing cryptocurrencies (ie #Bitcoin ) as the year’s top performing investment.

The network effects of a run to $25k #Bitcoin would likely cause a run to $50k and beyond.

The most important bank regulator in the US is the OCC. Its current head is very friendly to #Bitcoin and fintech.

Bottom line... I haven't been this bullish on short term price appreciation for #Bitcoin since 2015.

Getting a lot of DMs asking for advice here. 1. I’m not an investment adviser; 2. Bitcoin could plummet to $5k before going to $100k (or not) so don’t try to time the price. 3. Just invest an amount you’re comfortable losing. Or don’t. It’s all up to you!