Bitcoin: No matter Who's "Pulling the Strings"
I Think You Need to be Onboard the next 6-12+ Months
Thesis: THIS THING IS GOING UP AND YOU NEED TO BE ONBOARD AND MAKE SURE YOU BENEFIT RIGHT NOW.
I DON’T CARE ABOUT BITCOINS “USE CASE”
I DON’T CARE WHETHER “SATOSHI” IS NSA OR A HERMIT GENIUS
I DON’T CARE IF BITCOIN IS AN “ON-RAMP TO DIGITAL DOLLARS"/CONTROL”
I DON’T CARE IF QUANTUM COMPUTING WILL VOID ALL CRYPTOGRAPHY
I DON’T CARE IF BLACKROCK WANTS TO CONTROL BITCOIN, OR VANGUARD (Yes Bogleheads, they’re a majority shareowner:)
I DON’T CARE IF IT’S VOLATILE DAY TO DAY
I DON’T CARE IF MEMECOINS AND ALTCOINS WILL OUTPERFORM
I DON’T CARE.
WHY? BECAUSE NO MATTER WHAT HAPPENS, YOU’LL NEED TO BE SOLVENT TO MAKE THE MOST OF IT. YOU’LL NEED MONEY AND YOU’LL NEED TO GROW IT, QUICKLY IF AT ALL POSSIBLE.
YOU NEED TO OWN SOME BITCOIN, YOU CAN DO IT BY BUYING AS LITTLE AS $50 OF ticker symbol FBTC, BITB, ARKB OR ANY OF THE BRAND NEW BITCOIN EXCHANGE TRADED FUNDS IN YOUR REGULAR IRA OR BROKERAGE ACCOUNT.
YOU CAN ADD SOME NOW, AND START DOING ALL THE SELF-EDUCATION YOU SHOULD HAVE BEEN DOING THE LAST 15 YEARS, RIGHT NOW.
BECAUSE THE BEST IS YET TO COME IMHO.
START BY WATCHING THESE TONIGHT (YOU CAN’T BUY FBTC UNTIL 9:30 AM. THERE ARE MANY ALTERNATIVES THAT TRADE 24/7. AGAIN, I DON’T CARE)
AND REMEMBER *NOTHING HERE IS FINANCIAL ADVISE OF ANY SORT. IN LIFE YOU ARE ON YOUR OWN AND DO YOU OWN DUE DILLY. THE BEST WE CAN SAY IS CHANGA TRULY MEANS WELL AND WANTS YOU FILTHY RICH, OR AT LEAST BETTER OFF THAN YOU WERE LAST YEAR**
BTW, Changa is not a shill. When the profits are over, I will drop this like a hot potatoe and move on with you to the next money making opportunity. There is always a bull market somewhere (Buffet, Jimmy RIP)
You can’t pay the bills, travel, pay for college with happy thoughts. You need to know whats happening. Here’s what’s happening:
Enough dilly-dallying
Go get you some!
(or revisit this post by August, and again in November, and gloat or weep accordingly)
Psst. GUESS WHATS HAPPENING MONDAY? Not just Bitcoin but Ethereum ETFs expected to OPEN for the first time ever in the massive Hong Kong market. There will be a firehouse of demand from Asia, and this is just the beginning. With the halvening just a few days away, I hope you're taking full advantage of today's dip!!!!
https://open.substack.com/pub/cryptoslate/p/bitcoin-and-ethereum-etfs-could-launch?utm_source=share&utm_medium=android&r=3vm3f
"STAGGERINGLY BULLISH"
Read this Wall St. Memo. Then read it AGAIN:
"I dare you to read this report and be anything but
staggeringly bullish.
I’ll admit: I knew when I sat down to review the data from
Q1 2024 that it would tell a good story. After all, Q1 saw
the record-setting launch of spot bitcoin ETFs in the U.S.,
which pulled in $12.1 billion of inflows. It also saw a raging
bull market in crypto prices, with the Bitwise 10 Large Cap
Crypto Index closing the quarter up 61.8%. Bitcoin even
touched a new all-time high.
But I wasn’t prepared for what I’d see below the surface.
Things like:
Spot exchange volumes rising 80% quarter-over-quarter
and 246% above their late-2023 nadir. A bull market on
surging liquidity is every investor’s dream.
Regulated futures open interest soaring to record highs,
indicating growing institutional demand.
An explosion in average daily active users in the
Ethereum ecosystem, which jumped 56% quarter-overquarter to a new all-time high.
A surprisingly strong rally in DeFi assets, with the Bitwise
Decentralized Finance Crypto Index up 57.2% for the
quarter, showing strength beyond large-cap assets.
Low correlations between bitcoin and the S&P 500.
Of course, one can nitpick around the edges. Blockchain
revenues were not up as sharply as I’d like, rising just 28%
quarter-over-quarter. And venture capital funding in crypto is
still relatively tame, up just 17% in Q1.
But when you consider that we are running headlong into a
bitcoin halving—on tap for April 19—the setup looks pretty
great. As we show in this report, bitcoin has had massive rallies
in the 12 months following previous halvings, rising 8,839%,
285% and 548% after the 2012, 2016, and 2020 events,
respectively. There is no guarantee history will repeat, but the
halving will remove roughly $10 billion in annual new supply
from the market at current prices.
Zooming out, we are roughly 1.25 years into the current crypto
bull market. Historically, bull markets have run for roughly three
years before the market resets. As strong as the market feels
right now, there may be more to come.
Enjoy
-Mat Hougan. Matt Hougan
Chief Investment Officer"
More https://s3.amazonaws.com/static.bitwiseinvestments.com/Research/Bitwise-Crypto-Market-Review-Q1-2024.pdf?
Bitwise Asset Management