Moonbags Markets

It continues

JUST IN: BlackRock CEO says "Bitcoin is digital gold and a great long-term store of value." @WatcherGuru

Kek

🧮 #BTC #ETF A little financial arithmetic from Fred Krueger So, before the launch of spot ETFs, BTC's market capitalization was roughly $700 billion, and it has since doubled to $1.4 trillion. How much flow was needed to create that $700 million? That's about 160,000 BTC at an average price of $50,000. Total, $8 billion net. Thus, the current multiple is 87 Krueger believes that once the selling by GBTC stops, flows will increase 10x over the next 2 years. This will add another $7 trillion to market capitalization ($8.4 million total, $400,000 per coin).

🪨 BlackRock has raised more bitcoins in just 40 trading days in their #BTC-#ETF IBIT than Michael Saylor raised in Microstrategy in all time!

Looks like they rugged BTC at 70k lol

^

The real test will be at 160

SOL hit 150, very positive sign for the market

Some thoughts on the market right now It's playing out exactly like 2016 run, slow melt up for months on end with occasional flash crash that resets sentiment to healthy levels. Very bitcoin dominated but some large cap strong coins have done extremely well %-wise but none have reached the retracement levels of bitcoins which puts them in dangerous positions during these crashes but honestly no need to worry too much. Just keep buying those dips and holding. Take profits only if you need spending money. The time to sell is when things get extremely nutty and it will be quite obvious.

JUST IN: BlackRock files to purchase spot Bitcoin ETFs for its Global Allocation Fund. @WatcherGuru

Study Caldera

🔴 FED'S POWELL: WHEN RATES ARE NORMALIZED, THE UNDERLYING HOUSING SHORTAGE WILL STILL PUT UPWARD PRESSURE ON PRICES. ...

🕵‍♂👀 #CRV Binance Labs transferred 12.5 million CRV (~$10 million) to Binance.

Boomers abandoning GLD for Bitcoin etfs

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