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I’ve never been this excited about the potential of #Bitcoin 
https://abs.twimg.com/hashflags... draggable="false" alt=""> for significant price appreciation in the short term (less than 18 month time frame.)
Why? Read on...
Why? Read on...
First the technicals...
As a hard asset with a stock to flow that will approach infinity #Bitcoinhttps://abs.twimg.com/hashflags... draggable="false" alt=""> is the perfect hedge against inflation.
As a hard asset with a stock to flow that will approach infinity #Bitcoin
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 https://abs.twimg.com/hashflags... draggable="false" alt=""> 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 https://abs.twimg.com/hashflags... draggable="false" alt=""> .
There is also psychological momentum for #Bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> ...
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.
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 https://abs.twimg.com/hashflags... draggable="false" alt=""> 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 https://abs.twimg.com/hashflags... draggable="false" alt=""> ) as the year’s top performing investment.
The network effects of a run to $25k #Bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> 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 https://abs.twimg.com/hashflags... draggable="false" alt=""> and fintech.
Bottom line... I haven& #39;t been this bullish on short term price appreciation for #Bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> 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!
