Changa has simply been giving subs ways to earn their subscriptions all along with actionable investment ideas.
(we have no illusions. The writing is largely sophmoric crap:) All your paid sub funds then go to fund interest free microloans to build the "alternative economy". As those are repaid, we reloan them in an endless virtuous cycle of giving. This stack is the ultimate way to give painlessly, be entertained, and perhaps make some life changing money on the side.
ARKB/BITB/ or FBTC: Changa is "paying" for your sub, which is then donated to a great cause you can watch! Then, it's RE-donated in a Cyclone of Goodness (TM)!!
Bitcoin Revisited: Yes, Still Buying Hand Over Fist
Feb. 27, 2024
Summary
Bitcoin's bull cycle is driven by factors beyond the ETFs, including the Halving event, macroeconomic conditions, and the emergence of meta protocols and layer 2 solutions.
The Halving event, which reduces the supply of Bitcoin, historically leads to price surges before and after the event.
Meta protocols and layer 2 solutions on Bitcoin expand its utility and attract more users, potentially driving broader adoption and increasing its value.
This crypto bull cycle could be very much Bitcoin dominant. And the ETFs will only help catalyze inflows.
I cover some price targets and an actionable trading plan, as well as risks to the thesis.
Sunday Night with a humble Billionaire: The Most Insightful Interview on Bitcoin, Inflation, Hitler's rise, and the great monetary reset you've hear. Stay with it.
WEEKEND UPDATE WITH CHANGA: Morgan Creek CEO Mark Yusko said on Thursday he predicts the crypto will reach approximately $150,000 after the next Bitcoin halving in April and said the current bull run is "just getting started.
Bitcoin, Ethereum Form Bull Flags As Dogecoin Slides In An Uptrend: A Look At The Cryptos Into The Weekend
Next crypto leg up is underway already, with BTC shooting past 48k tonight, heading for 50k this coming week to challenge old highs above 65k. (Crypto related stock funds like DAPP and BLOK should absolutely rocket tomorrow as well when US market opens at 9:30) ENJOY!!! :)
While it’s hard to say what exactly moves the price, here are 4 catalysts for Bitcoin that have likely contributed:
1. Over $2 Billion has flowed into ETFs
We’ve seen 10 straight days of net inflows.
Volume into the ETFs has been staggering, as institutions like BlackRock and Fidelity continue to market them heavily to the general public.
Net Bitcoin ETF inflows_Apollo_2-9-24.png
2. Hodlers are in control: 80% of coins have not moved in the last 6 months.
Bitcoin supply on exchanges has fallen to a level we haven’t seen since 2018.
The Bitcoin halving is coming in just a few months which will reduce Bitcoin’s issuance rate below gold’s inflation rate.
We all know what happens when a decreasing supply meets increasing demand…
Might want to buy some, it’s catching on.
swan_glassnode_chart.jpeg
3. Institutions are buying in a major way.
On January 18th, Jim Cramer tweeted that “almost no one is showing up" to buy the ETFs. Since then, the price of Bitcoin has risen over 15%.
The reverse Cramer indicator strikes again!
BlackRock and Fidelity have proven that claim wrong by adding over $3B into their funds in less than one month, making them the two most successful ETF launches in history.
Top ETFs of all time_after 1 month_Bloomberg.png
Blackrock and Fidelity are both fighting for the top Bitcoin ETF. Interestingly, both can manufacture demand by adding Bitcoin to their other products.
This week Fidelity added their own spot Bitcoin ETF to one of their “All-In-One” portfolio funds which gives their customers a 1-3% allocation to Bitcoin. Imagine what happens when this becomes the norm for portfolios in the US.
MicroStrategy increased their Bitcoin treasury to 190,000 total Bitcoin.
The world’s largest Bitcoin miner, Marathon Digital Holdings, sold no Bitcoin in January and added 183.5 BTC to its treasury.
4. Jerome Powell acknowledges an unsustainable fiscal path and indicates money printing coming soon.
In a recent interview on 60 Minutes, Fed Chair Jerome Powell said the US is on an unsustainable “fiscal path.” The US government is printing debt faster than they can monetize it.
He acknowledged that there will likely be regional bank failures in 2024.
Powell said all 19 Federal Board members agree it will be appropriate for the Fed to cut rates in 2024.
As shown in the chart below, Bitcoin’s price is positively correlated to global M2 money supply. When the Fed has printed money, the price of Bitcoin has gone up.
Lyn Alden_2024-1-21-btc-vs-global-m2-yoy.png
Investors are being rewarded for buying and holding Bitcoin versus trading the news.
It’s still early for the Bitcoin ETFs. Front-run the next wave of adoption.
Changa has simply been giving subs ways to earn their subscriptions all along with actionable investment ideas.
(we have no illusions. The writing is sophmoric crap:) All paid sub funds then go to fund interest free microloans to build the "alternative economy". As those are repaid, we reloan them in an endless virtuous cycle of giving. This stack is the ultimate way to give painlessly, be entertained, and perhaps make some life changing money on the side.
Just to be clear.. here's what's hebbening:
Changa has simply been giving subs ways to earn their subscriptions all along with actionable investment ideas.
(we have no illusions. The writing is largely sophmoric crap:) All your paid sub funds then go to fund interest free microloans to build the "alternative economy". As those are repaid, we reloan them in an endless virtuous cycle of giving. This stack is the ultimate way to give painlessly, be entertained, and perhaps make some life changing money on the side.
more: https://open.substack.com/pub/jimychanga/p/your-subscriptions-at-work
Would you fall for this AI phone scam?
Are you sure?
https://www.facebook.com/share/r/KzzUvJznEqcvqNiE/?mibextid=4UDYQr
ARKB/BITB/ or FBTC: Changa is "paying" for your sub, which is then donated to a great cause you can watch! Then, it's RE-donated in a Cyclone of Goodness (TM)!!
Read, dammit: (you have NO IDEA how tight supply is, and if you remember one thing from that mandatory 11th grade economics course, high demand and low supply equal ...HIGHER PRICE) https://seekingalpha.com/news/4069714-bitcoin-to-150k-by-year-end-fundstrat-global-advisors-tom-lee-calls-for
Bitcoin Revisited: Yes, Still Buying Hand Over Fist
Feb. 27, 2024
Summary
Bitcoin's bull cycle is driven by factors beyond the ETFs, including the Halving event, macroeconomic conditions, and the emergence of meta protocols and layer 2 solutions.
The Halving event, which reduces the supply of Bitcoin, historically leads to price surges before and after the event.
Meta protocols and layer 2 solutions on Bitcoin expand its utility and attract more users, potentially driving broader adoption and increasing its value.
This crypto bull cycle could be very much Bitcoin dominant. And the ETFs will only help catalyze inflows.
I cover some price targets and an actionable trading plan, as well as risks to the thesis.
https://seekingalpha.com/article/4673669-bitcoin-revisited-yes-still-buying-hand-over-fist
Closing in on 55k btc tonight! That sets up 70k as next target as close as a week or two away, rather than later this year. Congrats subs!!! Enjoy 😀😃
Sunday Night with a humble Billionaire: The Most Insightful Interview on Bitcoin, Inflation, Hitler's rise, and the great monetary reset you've hear. Stay with it.
https://www.youtube.com/watch?v=9UzMNewP5pc
New highs and multi year crypto bull ahead as " air bnb" crowd comes in
https://youtube.com/shorts/NDTCIcYNtlc?si=VrZ5FxNlhyuR5mtQ
WEEKEND UPDATE WITH CHANGA: Morgan Creek CEO Mark Yusko said on Thursday he predicts the crypto will reach approximately $150,000 after the next Bitcoin halving in April and said the current bull run is "just getting started.
Bitcoin, Ethereum Form Bull Flags As Dogecoin Slides In An Uptrend: A Look At The Cryptos Into The Weekend
BENZINGA - 4:02 PM ET 2/16/2024 https://www.fidelity.com/news/article/investment-news/202402161602BENZINGAFULLNGTH37186611
Next crypto leg up is underway already, with BTC shooting past 48k tonight, heading for 50k this coming week to challenge old highs above 65k. (Crypto related stock funds like DAPP and BLOK should absolutely rocket tomorrow as well when US market opens at 9:30) ENJOY!!! :)
Not advice. As always, Do your own due dilly*
Pro-tip: Don't buy extended warranties (with rare exceptions like rc drones and helicopters:(
https://youtube.com/shorts/1Wws7XbTGNY?si=0I5R4dkvUPmYOa-2
When the Money Printer Goes Brrrrrrrr, Bitcoin Goes Boom...
Update and decent into to the bitcoin space.. https://youtu.be/Gae8nrqxv1k?si=ArLg_GImm6X3fVVr
Why is Bitcoin’s price pumping?
While it’s hard to say what exactly moves the price, here are 4 catalysts for Bitcoin that have likely contributed:
1. Over $2 Billion has flowed into ETFs
We’ve seen 10 straight days of net inflows.
Volume into the ETFs has been staggering, as institutions like BlackRock and Fidelity continue to market them heavily to the general public.
Net Bitcoin ETF inflows_Apollo_2-9-24.png
2. Hodlers are in control: 80% of coins have not moved in the last 6 months.
Bitcoin supply on exchanges has fallen to a level we haven’t seen since 2018.
The Bitcoin halving is coming in just a few months which will reduce Bitcoin’s issuance rate below gold’s inflation rate.
We all know what happens when a decreasing supply meets increasing demand…
Might want to buy some, it’s catching on.
swan_glassnode_chart.jpeg
3. Institutions are buying in a major way.
On January 18th, Jim Cramer tweeted that “almost no one is showing up" to buy the ETFs. Since then, the price of Bitcoin has risen over 15%.
The reverse Cramer indicator strikes again!
BlackRock and Fidelity have proven that claim wrong by adding over $3B into their funds in less than one month, making them the two most successful ETF launches in history.
Top ETFs of all time_after 1 month_Bloomberg.png
Blackrock and Fidelity are both fighting for the top Bitcoin ETF. Interestingly, both can manufacture demand by adding Bitcoin to their other products.
This week Fidelity added their own spot Bitcoin ETF to one of their “All-In-One” portfolio funds which gives their customers a 1-3% allocation to Bitcoin. Imagine what happens when this becomes the norm for portfolios in the US.
MicroStrategy increased their Bitcoin treasury to 190,000 total Bitcoin.
The world’s largest Bitcoin miner, Marathon Digital Holdings, sold no Bitcoin in January and added 183.5 BTC to its treasury.
4. Jerome Powell acknowledges an unsustainable fiscal path and indicates money printing coming soon.
In a recent interview on 60 Minutes, Fed Chair Jerome Powell said the US is on an unsustainable “fiscal path.” The US government is printing debt faster than they can monetize it.
He acknowledged that there will likely be regional bank failures in 2024.
Powell said all 19 Federal Board members agree it will be appropriate for the Fed to cut rates in 2024.
As shown in the chart below, Bitcoin’s price is positively correlated to global M2 money supply. When the Fed has printed money, the price of Bitcoin has gone up.
Lyn Alden_2024-1-21-btc-vs-global-m2-yoy.png
Investors are being rewarded for buying and holding Bitcoin versus trading the news.
It’s still early for the Bitcoin ETFs. Front-run the next wave of adoption.
Can anyone explain (as if to a complete idiot) what this post is about?
Jimychanga has invested his profits from subscriptions into BC, which is doing well?
Subscribers stand to gain in some way?
Simply advice to invest in BC - without being advice, of course?
Changa has simply been giving subs ways to earn their subscriptions all along with actionable investment ideas.
(we have no illusions. The writing is sophmoric crap:) All paid sub funds then go to fund interest free microloans to build the "alternative economy". As those are repaid, we reloan them in an endless virtuous cycle of giving. This stack is the ultimate way to give painlessly, be entertained, and perhaps make some life changing money on the side.
more: https://open.substack.com/pub/jimychanga/p/your-subscriptions-at-work
Thanks so much for taking the trouble to explain. Wow! This sounds brilliant!