All Hokie, All the Time. Period. Presented by First Bank & Trust Company

MrBayAreaHokie MrBayAreaHokie OP
Feb 28, 2024 at 10:19 AM ET
BTC hit $60K+
Hold me to this prediction---> $100K by 12/31/2024

9 Replies

H
HokieNoVA
Hope so. If it hits $100k then I'll sell and pay off my car.
M
ModerateHokie
Because of internet people like you pumping
Please just stop
GoobyPls GoobyPls
It's not really organic anymore
Tether has printed millions in fake coins to prop up BTC. The next BTC price plummet will happen once Tether goes down
MrBayAreaHokie MrBayAreaHokie OP
it's the inflows into the ETFs
all this had to do was get under someone on wall street's AUM and it was katy bar the door.... from $1T with zero institutional support or pumping by wall street, to easily $10T with SEC blessing and institutional support, which we have now....I would bet 20% of the high net-worth people in the country is calling their broker asking about BTC exposure now.
H
HokieZig
Exactly
Lets just look at Fidelity. They manage $4.5 Trillion. They are encouraging 1% to 3% allocation in there funds. Which is ironic because anyone that has allocated just 2% of there net worth (by dollar averaging in every month) at any time since the inception of bitcoin has outdone anyone that was just in the S&P by a huge amount. Bank America said the price multiple was 118:1 per coin. Basically, $1 million in fresh buying the market cap would increase by $118 million. Using that info 1% of $4.5 trillion is $45 billion. That means the market cap would increase by $5.31 trillion with these numbers. There will only be 21 million bitcoins. Divide $5.31 Trillion by 21 million and you get a price increase of $252K. That is very conservative numbers. We are not even talking about the other places like blackrock or any other financial institution. The increase in bitcoin right now is all about the ETF's and money managers allocating money towards bitcoin. I look at this as being one of the biggest wealth divides ever because the rich will get richer and the poor and blind will be left behind. The same people that have been doubting cryptos are the same ones that doubted the internet. Now, it will be a volatile ride. The people who got in early can sit back and watch. We know how volatile cryptos are. We have the tolerance to see huge gains disappear in minutes. But for the new people, the more volatility, the more the big guns can shake out the small hands. Look at all the people that got liquidated when they jumped in at $63K, saw it rise to $64k only to see it drop to $58700 in a matter of minutes.
M
ModerateHokie
you forgot to say "bro"
HokieSignGuy HokieSignGuy
And the rich get richer.
MrBayAreaHokie MrBayAreaHokie OP
you're a good measure for me
when you capitulate, it will be the top....that's probably $200k LOL you remind me when i worked for accenture and they didn't want to create a website for the company cause the internet had p0rn
M
ModerateHokie
^^ Member of the Luke Belmar Capital Club ^^