Keep up the coverage Jimychanga. Whilst the ETF approval is big news, I wonder if long-term it'll end up herding everyone into it - so the serfs have indirect exposure to BTC (like a dictatorship letting the serfs indirectly hold gold). The double tax (capital gains + income tax bracket) in UK and all the regulatory hurdles make it safer and easier to just invest in the ETF. 'They' will come for non-custodial wallets big time. On-ramping will become harder, and basically just Peer to peer. Interesting times for the bull run.
Yep. I think there's an angle some day, but the legal approval of these mainstream funds is a watershed that the SEC clearly tried hard to prevent right up to the last moment. Now there are HUGE vested interests allowing the bull to rage, and you'll see an advertising blitz which will leave Karen's and Kalebs feeling "not all in this together" if they don't add crypto to their investments, and brokers/advisors who dirext 60% of Americans investment dollars finally have the coverage to recommend it whereas before it was a termination event. Even if the plan is to wrap up trillions and force convert it to some fedcoin, that is years away and increasingly opposed by Wall St, without whom the gov can't do shit. I think we're in for a two year Bonanza.
What's awesome about "halvings" is that every time Bitcoin has one, its price goes through the roof.
After the first halving in 2012, when the reward dropped from 50 bitcoins to 25, Bitcoin went into overdrive, going up by 8,850% in just 12 months. Then, after the 2016 halving cut the reward from 25 to 12.5 bitcoins, it still surged by 2,870% within 17 months. Even after the 2020 halving sliced the reward to 6.25 bitcoins, Bitcoin jumped by 890% in the next 19 months.
Now get this. The NEXT halving is going to be in April. NEXT MONTH!!
FUN FACT: The first #bitcoin reference in television history aired 12 years ago today on an episode of The Good Wife. The price of a #bitcoin was $3. Watch clip!
"Now that bitcoin ETFs are trading across U.S. public markets, many large money managers that have been effectively locked out of crypto finally have a way to access the primary digital currency.
For the $30 trillion advised wealth management industry, the floodgates could be about to open. Analysts at Standard Chartered anticipate fund inflows in the range of $50 billion to $100 billion in 2024.
Michael Saylor gives a brilliant lecture on why he moved 50% of his company balance sheet into bitcoin. You may differ in your analysis, but I GUARANTEE you learn something.
The Bitcoin Pizza guy, Laszlo Hanyecz, famously paid 10,000 BTC for two Papa Johns’ pizzas in 2010. That was about right for back then, but the same amount of BTC would be worth $420 million today.
(IMHO Those pizzas ultimately ruined the idea of buying real-world stuff in bitcoin. Nobody wants to be the next Bitcoin Pizza guy by accidentally spending $3 billion on a new pair of rollerblades due to a hypercycle rally years down the road:)
War and Markets: Stocks fell around 30% at the outbreak of WWI and markets were closed for six months. When they reopened, the Dow rose more than 88% in 1915, a full three years before the war ended.
If you're bailing on bitcoin, you should really watch this.
The job of every market is to shake out weak hands every so often.
https://youtu.be/Sldebcm-Hb8?si=PAXKPicGtW7Qwoxc
OK, let me make it simple. I bought more of stock ticker "BITW" today on the dip in a brokerage IRA.
I will be holding it into Summer, and perhaps into 2025.
I do more, but's thats the jist of what you need to know.
I cannot tell you to go do likewise tomorrow, as that might be construed as advice.
Read between the lines. I wish you an embarrassment of riches, and that you remember Changa and become a paid sub when you become an OG :)
more: https://seekingalpha.com/article/4657259-bitwise-10-crypto-index-fund-another-us-listed-crypto-arbitrage-building-block
Keep up the coverage Jimychanga. Whilst the ETF approval is big news, I wonder if long-term it'll end up herding everyone into it - so the serfs have indirect exposure to BTC (like a dictatorship letting the serfs indirectly hold gold). The double tax (capital gains + income tax bracket) in UK and all the regulatory hurdles make it safer and easier to just invest in the ETF. 'They' will come for non-custodial wallets big time. On-ramping will become harder, and basically just Peer to peer. Interesting times for the bull run.
Yep. I think there's an angle some day, but the legal approval of these mainstream funds is a watershed that the SEC clearly tried hard to prevent right up to the last moment. Now there are HUGE vested interests allowing the bull to rage, and you'll see an advertising blitz which will leave Karen's and Kalebs feeling "not all in this together" if they don't add crypto to their investments, and brokers/advisors who dirext 60% of Americans investment dollars finally have the coverage to recommend it whereas before it was a termination event. Even if the plan is to wrap up trillions and force convert it to some fedcoin, that is years away and increasingly opposed by Wall St, without whom the gov can't do shit. I think we're in for a two year Bonanza.
What's awesome about "halvings" is that every time Bitcoin has one, its price goes through the roof.
After the first halving in 2012, when the reward dropped from 50 bitcoins to 25, Bitcoin went into overdrive, going up by 8,850% in just 12 months. Then, after the 2016 halving cut the reward from 25 to 12.5 bitcoins, it still surged by 2,870% within 17 months. Even after the 2020 halving sliced the reward to 6.25 bitcoins, Bitcoin jumped by 890% in the next 19 months.
Now get this. The NEXT halving is going to be in April. NEXT MONTH!!
You already know what to do.
https://open.substack.com/pub/dougcasey/p/no-bitcoin-wont-stop-at-69k?utm_source=share&utm_medium=android&r=3vm3f
BITW, STILL LOOKING ATTRACTIVE (32% discount for Ethereum and Bitcoin, plus some solana etc)
UPDATE !!
Franklin Templeton CEO says ETF has shown ‘demand’ for Bitcoin is ‘everywhere’
Jenny Johnson said the launch of Franklin Templeton's Bitcoin ETF is a strategic response to the increased use of Bitcoin in transactions and its integration into the broader financial system. https://cryptoslate.com/franklin-templeton-ceo-says-etf-has-shown-demand-for-bitcoin-is-everywhere
Here's my favorite, and here's WHY:
HOW TO CHOOSE FROM ALL THE NEW BITCOIN FUNDS?
https://seekingalpha.com/article/4662922-how-to-chose-between-the-bitcoin-etfs
FUN FACT: The first #bitcoin reference in television history aired 12 years ago today on an episode of The Good Wife. The price of a #bitcoin was $3. Watch clip!
https://x.com/DocumentingBTC/status/1747081865679249518?s=20
Parenting today:
https://youtube.com/shorts/lY6VWM7Z87Y?si=jcGeRJa1Gm8xhq4j
Is the bitcoin consolidation over? You may have already seen the 'sell on the news" bottom. Don't miss what's next!
See chart
https://www.cnbc.com/quotes/BTC.CM=
Listen up!
Your future wants you to read this:
"Now that bitcoin ETFs are trading across U.S. public markets, many large money managers that have been effectively locked out of crypto finally have a way to access the primary digital currency.
For the $30 trillion advised wealth management industry, the floodgates could be about to open. Analysts at Standard Chartered anticipate fund inflows in the range of $50 billion to $100 billion in 2024.
“Bitcoin is beginning to
https://www.cnbc.com/2024/01/13/the-30-trillion-wealth-management-industry-can-invest-in-bitcoin-etfs.html
Michael Saylor gives a brilliant lecture on why he moved 50% of his company balance sheet into bitcoin. You may differ in your analysis, but I GUARANTEE you learn something.
https://youtu.be/v4na2pycrcc?si=qgCrUdm1KbcFr457
Fun Fact:
The Bitcoin Pizza guy, Laszlo Hanyecz, famously paid 10,000 BTC for two Papa Johns’ pizzas in 2010. That was about right for back then, but the same amount of BTC would be worth $420 million today.
(IMHO Those pizzas ultimately ruined the idea of buying real-world stuff in bitcoin. Nobody wants to be the next Bitcoin Pizza guy by accidentally spending $3 billion on a new pair of rollerblades due to a hypercycle rally years down the road:)
“You know why redwoods can grow so high? They move and bend with the wind. If you stay rigid, eventually you'll break.”
Worth Digesting:
FIDELITY investments response to nine top criticisms of Bitcoin
https://youtu.be/PZwvgCtJx1k?si=w75uQCsJTE6QjwWy
Market Facts #History:
War and Markets: Stocks fell around 30% at the outbreak of WWI and markets were closed for six months. When they reopened, the Dow rose more than 88% in 1915, a full three years before the war ended.