BTC is entering a super cycle

Ted Carr

Mar 22 (edited) in General discussion

Here's a great vid explaining the what & why: https://youtu.be/RMBb57vhWKA?si=7o3DTKZBJ3Rd8KJ9

And here are my own key takeaways that I fully agree with:

4 Reasons why the price of BTC is going to stay on an upward trajectory for the next few years:

The ETF's: Bitcoin ETFs act as a 'super highway' for trillions of dollars to flow into bitcoin with ease. The ETF's have already attracted over $58 billion into BTC in less than 90 days. That's 40% more than what the Gold ETF brought in during it's first 20 years!

More money into BTC via the ETF's = a higher BTC price.

2. Corporate Adoption: Michael Saylor (The CEO of Microstrategy) has created a new 'playbook' for big companies to make billions of dollars with bitcoin.

How?

He's found a loop hole in the debt game.

His company has been proudly taking out BILLIONS of dollars of debt and to buy Bitcoin, only to pay off the debt years later (at a very low interest rate) once the price of BTC has risen dramatically and they've seen massive profit.

This strategy has not only proven successful for MicroStrategy but is now also encouraging other companies like Coinbase to invest in Bitcoin using this same 'debt loophole'.

When more companies take out debt to invest in BTC... the BTC price goes up.

3. Nation-State Adoption: El Salvador's adoption of Bitcoin as legal tender has set a precedent for other countries (like Saudi Arabia, for example) to consider Bitcoin as part of their sovereign wealth strategies as well.

When more countries keep buying Bitcoin, the price of BTC can only go up.

4. Macroeconomic Conditions: With the lowering of interest rates, people will have more money to spend on bitcoin. And with the rise of inflation, everything will go up in price, including bitcoin. Plus, more people will start to see bitcoin has a way to prevent the loss of their currencies purchasing power.

4 comments

Bitcoin

Public group

A free community for people wanting to learn about bitcoin.

Leaderboard (30-day)