We are officially in the new Bitcoin bull market. Congratulations to all of you who bought in the bear market; I know it’s a hard thing to do. Bitcoin is now up 146% on the year, so at least we don’t have to listen to the Peter Schiffs of the world telling everyone Bitcoin is going to zero. Instead, the main discussion will be how high Bitcoin is going to go, which is what I prefer. I think Bitcoin will cross $100k faster than most people think, and if BlackRock launches a Bitcoin ETF, it should be at $100k already. The rumor is that BlackRock has been buying Bitcoin directly from large Bitcoin mines and not exchanges to cause a supply shock and send Bitcoin to the moon.
I just saw a video of a big crypto influencer last week telling people to sell all their crypto and that the Bitcoin ETF was going to get denied. Let me say this: Bitcoin is bigger than BlackRock; it’s bigger than Elon Musk and will continue rising with or without these people or corporations. Global adoption is going to continue to rise, and inflation continues to rise as people seek a way to beat inflation globally. To me, Bitcoin is more than an investment; it’s an insurance policy against the global fiat system collapsing, and Bitcoin could be the tool to move your family’s wealth into a safe jurisdiction.
If you want to speculate on the potential future price of Bitcoin, just think about what the price will be in the next recession when another multi-trillion-dollar bailout hits the market, and banks stop working. In reality, Bitcoin isn’t going up; your fiat currency is going down, and the price of Bitcoin has no top because fiat currency has no bottom. Warning: With this new bull market, you will see many people online saying they made thousands in a day buying or trading a certain shitcoin. Ignore the noise and follow the signal, which is Bitcoin.
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