Trillions are coming to you
GOOD DAY, CRYPTO FAM
To start your Monday well I have an interesting theory with you to share.
Trillions are coming to you… be ready.
BITCOIN ETF
So yesterday, ARK got an answer from the SEC about their Bitcoin ETF and as usual it got delayed. Delayed doesn't mean that it’s rejected and it kinda makes sense to me that it is delayed.
The reason for that is, that everything is within the charts and it doesn’t make sense to be approved just yet as the timing isn’t right.
But as their final deadline is nearing their has to be made a decision and the first deadline is also from ARK which is on January 10th 2024, by that time the SEC has to come with a decision and my biggest guess is that it will be approved.
This approval is not only for ARK but will likely be for every other AUM company that filed for a bitcoin ETF.
(see deadlines here)
If one gets approved, all will be approved and this would bring TRILLIONS to the market. We are now at a market cap of around 1.1trillion… this would mean that a 10-15x from here is possible in terms of market cap.
In terms of bitcoin price prediction my first targets is around 103-107k and my second target is 165-173k which would make sense if there are trillions flowing in.
This brings me to what happened with gold back in 2003 when it got approved for a GOLD ETF. Price went parabolic through its past years and wet from 350$ region to 1900$ as where we are today which is around a 3-4x.
This shows that once an ETF gets approved it could have short-term bearish momentum but overall it is a very bullish case as it attracts a lot of money.
The approval would make sense as we’ll have another bitcoin halving in April 2024 which will make bitcoin again more scarce which will lead to a price run and OBVIOUSLY those AUM’s want a piece of that…
Do not ignore what is coming to you, definitely if you know it upfront.
2023 is already in august… your time to accumulate as cheap as possible is running out my friend, don’t waste the next coming months and accumulate smart.
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