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Direct Laryngoscopy said:
I have stink bids in the upper teens just in case. I think there is a massive opportunity here and will be buy on the way down
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My read is Bitcoin climbed back to test where it broke down about a year ago when it fell off the long multi year up trend, and failed hard yesterday. Might retest again rapidly, or maybe just a false breakdown, but I doubt it, and if I did actually like Bitcoin I would not be a buyer here and wait for it to settle out.
 

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Dr. Rude said:
I think that the most effective current argument against crypto is that it is not being adopted as a currency. That seems to have stopped in fact. What do you think?
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Probably many different factors but look at the stable coin market. If you know about the EuroDollar market, you can see similarities in stable coins like Tether and USDC. Interesting that Tether’s crypto dollars are backed by US treasuries. It’s ironic that they want to 86 them, when they’re the ones buying government debt to the tune of 10s of billions in holdings

https://cointelegraph.com/news/tether-excess-reserves-over-3-billion-dollars







Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion.

Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills
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Tether continues to increase its treasury reserve holdings backing circulating USDT
USDT tokens, according to its latest financial attestation for the second quarter of 2023.

Tether Holdings published its Q2 attestation from accounting firm BDO, highlighting an $850 million increase in its excess reserves, which takes its total to $3.3 billion.

Tether Excess Reserves increase by 850M to reach $3.3B as Leading Stablecoin Reveals $72.5B overall exposure in US T-Bills and Unveils Energy-Related Investments.


“By aggregating them together, the amount of Treasuries backing Tether’s stablecoins is about $72.5B.”
Speaking to Cointelegraph at Money2020 in Amsterdam in June, Tether chief technology officer Paolo Ardoino revealed that Tether’s US Treasury bill holdings were equivalent to the amount held by sovereign nations like Mexico.

Tether has looked to allocate company profits to build up excess reserves in the wake of the collapse of FTX and bankrupt cryptocurrency lending firms like Three Arrows Capital. The excess does not include the 100% reserves that Tether maintains to redeem circulating USDT

Ardoino said that industry players that have undercollateralized assets or operations have created weak points in the wider cryptocurrency ecosystem, which has driven its decision to allocate shareholder profits to building a large excess reserve.

“We believe that open communication and strong financials foster trust and reliability, and this is what the global community deserves especially in a year devastated by many failures across the banking and crypto industry.”
Tether tipped its operational profits at $1 billion from April to June 2023, accounting for a 30% increase from Q1 2023. The improved quarterly performance also reflects a general surge across the cryptocurrency markets that was driven by the recent consolidation of Bitcoin

The 2023 Q2 report also notes that 85% of Tether’s reserves are held in “liquid” investments of cash or cash equivalents. Tether’s latest reserve attestation estimates its total assets at $86.4 billion. Tether’s outstanding liabilities in relation to circulating USDT tokens are estimated at $83.17 billion.

The Q2 report also discloses that Tether’s shareholders will carry out a $115 million share buyback to “strengthen” its group. Profits from the second quarter have also been directed to “other investments in energy-related initiatives.”

The company notes that energy-related initiatives are not included in its attestation report, as it does not consider the investment as a suitable reserve for circulating tokens.

Cointelegraph has reached out to Tether to clarify whether this specific investment refers to its recently announced $1 billion investment in El Salvador’s renewable energy project
 
banister said:
Agreed. With the printing presses running and international confidence waning in the USD as the global reserve currency, I'm hedging with crypto. I have about 15% of my NW in crypto (started with just 5%).

I'm 60% ETH and 30% BTC and 10% DeFi altcoins. Also, in some GBTC in roth IRAs. 2020 does feel different than the craze of 2017.
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Except it’s not a hedge as demonstrated by its drop right along with the stock market in 2020. It’s a highly volatile investment in a ‘company’ that produces nothing. Sure, you can make money on it, but it shouldn’t be viewed as a hedge when it’s probably the most volatile of all your investments.
 
triggermaster said:
Except it’s not a hedge as demonstrated by its drop right along with the stock market in 2020. It’s a highly volatile investment in a ‘company’ that produces nothing. Sure, you can make money on it, but it shouldn’t be viewed as a hedge when it’s probably the most volatile of all your investments.
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Think monetary debasement tracker. More money counterfeiting (money printing) the number goes up. Once the printers turn back on, I anticipate number will continue to go up.
 
nimbus said:
www.cnbc.com

First bitcoin ETF could be coming soon as court rules in favor of Grayscale over SEC

First bitcoin ETF could be coming soon as court rules in favor of Grayscale over SEC.
www.cnbc.com www.cnbc.com
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A spot Bitcoin ETF is coming. We’re on the precipice of mass adoption via investing via a fund. Today’s $2000+ green daily candle will pale imo when the spot ETF is open and the Blackrocks and fidelity have to buy BTC on the market for said spot ETF. I think we may see $10000 - $20000 candle in both ways in the future.
 
IMG_4592.jpg

The fiscal spending in on an unsustainable path. The national debt has increased 1.45 Trillion since the debt ceiling was lifted and presently uncapped. I wonder where all this new debt is coming from and how it’s going to get paid off? The national debt has increased over 50% over the last 5 years.
 
Direct Laryngoscopy said:
A spot Bitcoin ETF is coming. We’re on the precipice of mass adoption via investing via a fund. Today’s $2000+ green daily candle will pale imo when the spot ETF is open and the Blackrocks and fidelity have to buy BTC on the market for said spot ETF. I think we may see $10000 - $20000 candle in both ways in the future.
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I will get excited when companies/first world countries/individuals who are not criminals, etc start actually using it as a currency.
 
Direct Laryngoscopy said:
View attachment 376421
The fiscal spending in on an unsustainable path. The national debt has increased 1.45 Trillion since the debt ceiling was lifted and presently uncapped. I wonder where all this new debt is coming from and how it’s going to get paid off? The national debt has increased over 50% over the last 5 years.
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The next big financial crisis will make 08 look like a walk in the park. Weak politicians with a weak electorate did nothing back then except defer the problem for later.
 
nimbus said:
So can it be deferred again?
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I'm starting to fall into the camp of I hope so. I was a Tea Party guy if people remember what the actual origin of the Tea Party was, not the crazy right wing fringe group the media made them out to be that then somewhat morphed into those expectations. If we remember our history there was a Tea Party to rebel against big government and huge taxation.

As I look at the debt literally swallowing all aspects of the US I am further convinced we needed to face the pain back in 08, let the defaults happen instead of pretending massive debts can be magically "bailed out," and actually respect the term debt ceiling. It should have been hard lean years getting the books back in order, not a continued beach vacation on the credit card.

Now as I near retirement there is a part of me that embarrassingly says, Ah what the heck kick that can one more time. It will be similar to repeating chemotherapy, it will take a much bigger dose (this time massive multi trillion dollar "bailouts" and money printing) to achieve a much shorter period of remission. This past decade we've started to see what mostly likely is the end game, ie spend, print the difference, and the tax to pay it off will be inflation. I think priorities for many will shift to preserving wealth and purchasing power as opposed to increasing it.
 
We'llBeDoneIn15Minutes said:
I'm starting to fall into the camp of I hope so. I was a Tea Party guy if people remember what the actual origin of the Tea Party was, not the crazy right wing fringe group the media made them out to be that then somewhat morphed into those expectations. If we remember our history there was a Tea Party to rebel against big government and huge taxation.

As I look at the debt literally swallowing all aspects of the US I am further convinced we needed to face the pain back in 08, let the defaults happen instead of pretending massive debts can be magically "bailed out," and actually respect the term debt ceiling. It should have been hard lean years getting the books back in order, not a continued beach vacation on the credit card.

Now as I near retirement there is a part of me that embarrassingly says, Ah what the heck kick that can one more time. It will be similar to repeating chemotherapy, it will take a much bigger dose (this time massive multi trillion dollar "bailouts" and money printing) to achieve a much shorter period of remission. This past decade we've started to see what mostly likely is the end game, ie spend, print the difference, and the tax to pay it off will be inflation. I think priorities for many will shift to preserving wealth and purchasing power as opposed to increasing it.
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The thing is that taxes actually haven’t gone up substantially. The top marginal tax rate was 35% in 2008. It went up to 39.6% and is now down to 37%. If you want to look historically, look at the good old days during the 1950s and 1960s. The top marginal tax rates were over 90%. Maybe that’s why the Federal debt was smaller back then. Maybe taxes and big government made America great the first time?

 
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nimbus said:
The thing is that taxes actually haven’t gone up substantially. The top marginal tax rate was 35% in 2008. It went up to 39.6% and is now down to 37%. If you want to look historically, look at the good old days during the 1950s and 1960s. The top marginal tax rates were over 90%. Maybe that’s why the Federal debt was smaller back then. Maybe taxes and big government made America great the first time?

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I'm pretty sure I read somewhere that the 90% tax rate applied to a tiny fraction of the population. I'd be surprised if the total tax burden today isn't larger, but regardless, I don't have an issue with more taxes if it were actually used with reining in spending and bringing the debt under control, as in a real debt ceiling. Also when we speak of tax burdens it's incomplete to not include the debt burden that will require more tax and/or more monetary inflation.
 
We'llBeDoneIn15Minutes said:
I'm pretty sure I read somewhere that the 90% tax rate applied to a tiny fraction of the population. I'd be surprised if the total tax burden today isn't larger, but regardless, I don't have an issue with more taxes if it were actually used with reining in spending and bringing the debt under control, as in a real debt ceiling. Also when we speak of tax burdens it's incomplete to not include the debt burden that will require more tax and/or more monetary inflation.
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likely true and exactly how it should be, imo.

HENRYs bearing a disproportionate tax burden in this country relative to to truly rich, and the truly rich continue to find ways to avoid paying taxes. It needs to be fixed.
 
With the national debt passing $33,000,000,000,000.00 and the treasury market imploding, we are in a debt spiral and the federal reserve imo is trapped. Save the bond or the currency. Unfortunately they can’t do both. I anticipate money printing like no other once the treasury yields become to onerous to service the exponentially growing national debt (ie pay the interest on the debt owed).

Having an asset that can’t be debased because it’s inflation is already known is one way to protect yourself during these once in a hundred year currency debasement and debt spiral phenomena. We’re still early….till we’re not.
 
Direct Laryngoscopy said:
With the national debt passing $33,000,000,000,000.00 and the treasury market imploding, we are in a debt spiral and the federal reserve imo is trapped. Save the bond or the currency. Unfortunately they can’t do both. I anticipate money printing like no other once the treasury yields become to onerous to service the exponentially growing national debt (ie pay the interest on the debt owed).

Having an asset that can’t be debased because it’s inflation is already known is one way to protect yourself during these once in a hundred year currency debasement and debt spiral phenomena. We’re still early….till we’re not.
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Looks more and more like 08 on steroids brewing everyday. Should get a nice big crisis and crash followed by massive money printing "bailouts" and inflation. The resulting can kick will most likely be much more feeble in how far down the road it gets this time.

I've laid out the seemingly unavoidable math so many times that I won't bore anyone by repeating it.

Good times ahead.
 
We'llBeDoneIn15Minutes said:
Looks more and more like 08 on steroids brewing everyday. Should get a nice big crisis and crash followed by massive money printing "bailouts" and inflation. The resulting can kick will most likely be much more feeble in how far down the road it gets this time.

I've laid out the seemingly unavoidable math so many times that I won't bore anyone by repeating it.

Good times ahead.
Click to expand...

The math is unavoidable. But how and when it plays out in the economy and the markets is still an open question. If you believe massive inflation is certain, things like precious metals, precious metals equity, inflation linked bonds, maybe foreign stocks, real estate, commodities/energy companies should dominate your portfolio. Maybe a very healthy dose of Tbills for the crisis.
 
Screenshot 2023-10-04 at 22.11.40.png.png

We’re on pace to increase the national debt $1,000,000,000,000.00 per month. We’re in a debt spiral because of piss poor fiscal responsibility by politicians and the central banks that fund this racket. The central banks will fund this largess spending by creating money out of thin air to buy the govt bonds. This deficit spending can’t be paid back in real terms so the money printer will turn on to pay out the yields on nominal terms. I see financial repression coming next. Still early till it’s not.
 
Good thing the internet money will be remain limited and finite as the apocalypse approaches. As society collapses around me and food becomes so expensive riots are happening I'll at least have my internet money that everyone else wishes they could have but it is too late because they didn't get it early.
 
chessknt said:
Good thing the internet money will be remain limited and finite as the apocalypse approaches. As society collapses around me and food becomes so expensive riots are happening I'll at least have my internet money that everyone else wishes they could have but it is too late because they didn't get it early.
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You and I will be fine. Lots of people are feeling the effects of this monetary debasement and from my perspective it’s pretty sad to see.
 
Direct Laryngoscopy said:
You and I will be fine. Lots of people are feeling the effects of this monetary debasement and from my perspective it’s pretty sad to see.
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So far this rise in rates has been a gift to retirees and soon to be retirees who have lots of cash and short term fixed income holdings. The last two years aside, equity returns have also been generous for those who saved well and invested passively. Right now one can lock in intermediate to long fixed income with 2% positive real rates across the yield curve. Cheapest that inflation protection has been in more than a decade. One last gift to the Boomers many of whom are also sitting lots of fat home equity.
 
Direct Laryngoscopy said:
View attachment 377393
We’re on pace to increase the national debt $1,000,000,000,000.00 per month. We’re in a debt spiral because of piss poor fiscal responsibility by politicians and the central banks that fund this racket. The central banks will fund this largess spending by creating money out of thin air to buy the govt bonds. This deficit spending can’t be paid back in real terms so the money printer will turn on to pay out the yields on nominal terms. I see financial repression coming next. Still early till it’s not.
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It's terrifying actually,
but small relief that at least one other person actually sees this haha. A tiny tiny fraction have any idea of the storm coming.
 
We'llBeDoneIn15Minutes said:
It's terrifying actually,
but small relief that at least one other person actually sees this haha. A tiny tiny fraction have any idea of the storm coming.
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Lots of us know history suggests that a storm is coming. But how to prepare and stay dry is the question? When does it hit is another. You seem to feel it is weeks to months away.
Me. 40% stocks globally diversified including a smattering of precious metals equity moderate value tilt. 60% fixed income all of which is Short term Tbills and short-intermediate TIPs.

You 100% cash? Physical Precious metals? guns and ammo? Foreign stocks? Crypto? Come on. Put it out there.
 
Direct Laryngoscopy said:
View attachment 377393
We’re on pace to increase the national debt $1,000,000,000,000.00 per month. We’re in a debt spiral because of piss poor fiscal responsibility by politicians and the central banks that fund this racket. The central banks will fund this largess spending by creating money out of thin air to buy the govt bonds. This deficit spending can’t be paid back in real terms so the money printer will turn on to pay out the yields on nominal terms. I see financial repression coming next. Still early till it’s not.
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All of these things can be true, but it doesn't necessarily follow that cryptocurrency is a wise way to prepare or hedge for it, much less the best way. Your entire pro-bitcoin argument is based on hope, faith, and FOMO.
 
Dr. Rude said:
Lots of us know history suggests that a storm is coming. But how to prepare and stay dry is the question? When does it hit is another. You seem to feel it is weeks to months away.
Me. 40% stocks globally diversified including a smattering of precious metals equity moderate value tilt. 60% fixed income all of which is Short term Tbills and short-intermediate TIPs.

You 100% cash? Physical Precious metals? guns and ammo? Foreign stocks? Crypto? Come on. Put it out there.
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I never said or implied weeks to months away for the catastrophic financial meltdown. A big stock market correction? Yes that could be imminent. I don't know when the massive money printing serious inflation kicks in just to service debt. How to prepare? All of the above. Honestly the best preparation would have been avoidance in the first place, but after the 2008 easy way out it became clear that's never going to happen.

Lots only know by way of raw number count. Talking percentages hardly any understand what is eventually coming, ie debt too large to service, not enough buyers of said massive debt necessary to keep down interest payments, debt service costs so large it must be defaulted on or hyperinflated away etc.
 
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pgg said:
All of these things can be true, but it doesn't necessarily follow that cryptocurrency is a wise way to prepare or hedge for it, much less the best way. Your entire pro-bitcoin argument is based on hope, faith, and FOMO.
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When this thread started BTC was $10,000 a coin. It’s been the best performing asset over that time. Best hedge. Now you don’t like it doesn’t change the numbers. Wake me up when it’s not the best “hedge”.
 
Direct Laryngoscopy said:
When this thread started BTC was $10,000 a coin. It’s been the best performing asset over that time. Best hedge. Now you don’t like it doesn’t change the numbers. Wake me up when it’s not the best “hedge”.
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Aug 14 2020 Oct 7 2023 Gain/loss

VTI 170 212 25 %
QQQ 272 364 34 %
SPY 336 430 28%
TSLA 110 260 137%
BTC 11.8k 28k 137%
Nvidia 115 457 400%
google 75 137 85%
Apple 115 177 55%

Who will likely have the best returns in this group by 12/31/2030: My crystal ball says
1. BTC/eth
2. TSLA
3. Nvidia
4. Google/APPL
5. Index funds

Not financial advice but as docs learn more about investing hopefully they have different buckets of risk. Some will just dump 100% into index forever. I think if you scale that back to 75% and diversify that 25% into riskier assets that is a better play esp if you are young. Then every decade you can go 80/20, 85/15, 90/10, till retirement. Bump EOY in 2030.
 
finalpsychyear said:
Aug 14 2020 Oct 7 2023 Gain/loss

VTI 170 212 25 %
QQQ 272 364 34 %
SPY 336 430 28%
TSLA 110 260 137%
BTC 11.8k 28k 137%
Nvidia 115 457 400%
google 75 137 85%
Apple 115 177 55%

Who will likely have the best returns in this group by 12/31/2030: My crystal ball says
1. BTC/eth
2. TSLA
3. Nvidia
4. Google/APPL
5. Index funds

Not financial advice but as docs learn more about investing hopefully they have different buckets of risk. Some will just dump 100% into index forever. I think if you scale that back to 75% and diversify that 25% into riskier assets that is a better play esp if you are young. Then every decade you can go 80/20, 85/15, 90/10, till retirement. Bump EOY in 2030.
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My bad. I forgot NVDA run. But I did say asset
 
Direct Laryngoscopy said:
When this thread started BTC was $10,000 a coin. It’s been the best performing asset over that time. Best hedge. Now you don’t like it doesn’t change the numbers. Wake me up when it’s not the best “hedge”.
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It’s not a hedge at all. It reacted the opposite of a hedge to the stock market drop and inflation 2-3 years ago.
 
Direct Laryngoscopy said:
When this thread started BTC was $10,000 a coin. It’s been the best performing asset over that time. Best hedge. Now you don’t like it doesn’t change the numbers. Wake me up when it’s not the best “hedge”.
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I'm humble enough to know when something keeps defying "logic" I might be missing something about the story. Awesome investment story: Back when dot coms were the meme stocks of it's time it was fairly easy money to wait for the chart and momentum to break and jump on the short train. It was fun and exciting. I've always been good at avoiding the Carvana/Peloton sucker stocks on the way up, and occasionally nail an agonal stock on the return trip down.

So this books online dot com bubble stock was breaking down and I jumped on the short train. Except it turned around and kept going up while other bs dot coms eventually went to penny stocks. You run the numbers and they'd have to sell just about every book on the planet to justify their price. It just made no sense.

But looking back it one of the absolutely best moves I ever made waving the white flag, covering the short, and eating a big ass loss. Honestly, the intelligence of cutting my losses and covering the short was way ahead of my time, I wasn't too smart then and far more stubborn. but deep down I also knew if I kept being wrong and this keeps going up I'll lose everything, all savings, house etc. Man, covering that short hurt financially and ego-ly.

Well, turns out some little bald headed visionary was changing this company from selling books online to selling everything online. I had a huge short position on friggin AMAZON in the very early days and lived to tell about it hahahaha. There's a lesson there I never forgot. Be humble, no one knows as much as they think they do. There's always stuff behind the scenes you aren't aware of.

Therefore, too many people believe in Bitcoin and has too much firepower either way for me to bet against it. There's always that humble chance I'm not seeing the full picture, even though I don't think I'm missing anything. I'll keep watching as I find all of the asset markets fascinating.
 
We'llBeDoneIn15Minutes said:
I'm humble enough to know when something keeps defying "logic" I might be missing something about the story. Awesome investment story: Back when dot coms were the meme stocks of it's time it was fairly easy money to wait for the chart and momentum to break and jump on the short train. It was fun and exciting. I've always been good at avoiding the Carvana/Peloton sucker stocks on the way up, and occasionally nail an agonal stock on the return trip down.

So this books online dot com bubble stock was breaking down and I jumped on the short train. Except it turned around and kept going up while other bs dot coms eventually went to penny stocks. You run the numbers and they'd have to sell just about every book on the planet to justify their price. It just made no sense.

But looking back it one of the absolutely best moves I ever made waving the white flag, covering the short, and eating a big ass loss. Honestly, the intelligence of cutting my losses and covering the short was way ahead of my time, I wasn't too smart then and far more stubborn. but deep down I also knew if I kept being wrong and this keeps going up I'll lose everything, all savings, house etc. Man, covering that short hurt financially and ego-ly.

Well, turns out some little bald headed visionary was changing this company from selling books online to selling everything online. I had a huge short position on friggin AMAZON in the very early days and lived to tell about it hahahaha. There's a lesson there I never forgot. Be humble, no one knows as much as they think they do. There's always stuff behind the scenes you aren't aware of.

Therefore, too many people believe in Bitcoin and has too much firepower either way for me to bet against it. There's always that humble chance I'm not seeing the full picture, even though I don't think I'm missing anything. I'll keep watching as I find all of the asset markets fascinating.
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Bitcoin isn’t an asset. It’s snake oil. That doesn’t mean people don’t buy it or make money off of it. There’s a sucker born every minute.
 
triggermaster said:
Bitcoin isn’t an asset. It’s snake oil. That doesn’t mean people don’t buy it or make money off of it. There’s a sucker born every minute.
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Yeah, overall without the harsh terms hahaha that's been my well stated belief. I feel confident the result won't be good, but just saying I'm experienced to know sometimes I'm missing something in the picture.

I mean I did have a LARGE short position on Amazon at the low 25 years ago which all appeared pretty logical at the time 😂
 
Z-Qualizer said:
With today’s pump, my bitcoin investment is *finally* in the green!!

How’s everyone else doing??
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Don't own it.
Don't want it.
No idea what a blockchain is, don't particularly care to know.

BUT damn it's a tear!
I would never short Bitcoin. Too volatile.
Congratulations and good luck.
Not going to hate on someone for being right, and at least for now me being wrong.
 
Direct Laryngoscopy said:
This move in my opinion is the test pump. BTC pumping during a presidential election will be wild.

My advice to people that are looking at BTC or crypto as a long term speculation is to take it off exchanges.
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What exacrly does it even mean... 34k... its still 50 percent from its previous top.

suppose to be 200-300k in 2021 and we got 68k... everyone assumes 100k is for sure this time but i wont be surprised if 80-85k is the top and maybe in 2029 we finally get to 100k.

But for someone who bought at 25k and gets a 4x in 6 years is still very good.
 
With the largest money managers in the world applying for a spot ETF, they will have to buy and sell on the open market, once approved. I think that’ll have a substantial impact on the market as the asset class is adopted by the traditional finance (money managers, pensions, etc). It’s coming and I think 2024 into 2025 will be explosive in terms of adoption (on balance sheets) and price action.
 
Direct Laryngoscopy said:
With the largest money managers in the world applying for a spot ETF, they will have to buy and sell on the open market, once approved. I think that’ll have a substantial impact on the market as the asset class is adopted by the traditional finance (money managers, pensions, etc). It’s coming and I think 2024 into 2025 will be explosive in terms of adoption (on balance sheets) and price action.
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Ok but don't spot bitcoin etf's already exist in other countries outside of the world many of which are since the last bull run? Of course less money is managed but still should be a decent amount. Don't the big names in the us have sister divisions to buy in other countries?

2013 bull run high was let's call it 1000 then 2017 bull run high was 20k roughly. Then 2021 was 68k roughly.
So we had a 20x return, then a 3.5x return. If the ratio of decline continues we would get a 0.61x return from the previous all time high but on a log scale the trajectory should be even less with diminishing returns.

I hope I am wrong but as the market cap increases your future gains would exponentially go down as it would take an exponentially higher market cap to even keep pace. Liquidity is not good. Again I hope I am wrong I just don't understand the higher numbers as the previous top debunked all that crazy number talk. What am I missing?
 
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finalpsychyear said:
Ok but don't spot bitcoin etf's already exist in other countries outside of the world many of which are since the last bull run? Of course less money is managed but still should be a decent amount. Don't the big names in the us have sister divisions to buy in other countries?
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No, not really...

Unless you're talking about the "Jacobi FT Wilshire Bitcoin ETF" that trades on the prestigious Euronext Amsterdam stock exchange?

Or did you mean the Canadian spot bitcoin ETFs from investment power players such as "3iQ", "Purpose", and "Galaxy"?
By the way, BlackRock's assets under management are roughly 5X Canada's GDP ($10T vs. $2T).

The big boys like BlackRock, Fidelity, etc. are waiting for the US market. Playing in small sandboxes isn't their game - it's not worth their time.

finalpsychyear said:
2013 bull run high was let's call it 1000 then 2017 bull run high was 20k roughly. Then 2021 was 68k roughly.
So we had a 20x return, then a 3.5x return. If the ratio of decline continues we would get a 0.61x return from the previous all time high but on a log scale the trajectory should be even less with diminishing returns.
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So is that your prediction for 2025 - a 0.61X return (~$42k)? Or even less? You know it already broke $35k this week, right?
We're currently in a high interest rate environment, in a Global recession, US economy barely hanging on by a thread, on the brink of WWIII... and Bitcoin is up roughly 100% this year... but you think it's about tapped out?!?

finalpsychyear said:
I hope I am wrong but as the market cap increases your future gains would exponentially go down as it would take an exponentially higher market cap to even keep pace. Liquidity is not good. Again I hope I am wrong I just don't understand the higher numbers as the previous top debunked all that crazy number talk. What am I missing?
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Do you really? You seem like a skeptic to me, not someone rooting for bitcoin's success?
 
Z-Qualizer said:
No, not really...

Unless you're talking about the "Jacobi FT Wilshire Bitcoin ETF" that trades on the prestigious Euronext Amsterdam stock exchange?

Or did you mean the Canadian spot bitcoin ETFs from investment power players such as "3iQ", "Purpose", and "Galaxy"?
By the way, BlackRock's assets under management are roughly 5X Canada's GDP ($10T vs. $2T).

The big boys like BlackRock, Fidelity, etc. are waiting for the US market. Playing in small sandboxes isn't their game - it's not worth their time.


So is that your prediction for 2025 - a 0.61X return (~$42k)? Or even less? You know it already broke $35k this week, right?
We're currently in a high interest rate environment, in a Global recession, US economy barely hanging on by a thread, on the brink of WWIII... and Bitcoin is up roughly 100% this year... but you think it's about tapped out?!?


Do you really? You seem like a skeptic to me, not someone rooting for bitcoin's success?
Click to expand...
0.61x gain meant from the previous ATH. so 1.61x the previous ATH which gives a max of 110k this bull cycle.
 
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