The Great Accumulation has begun.Forget everything you think you know about #Bitcoin price action.
We've never seen a finite asset meet a wall of constant demand.
Trillions in capital. Sitting on the buy button from market open, to market close.
9 ETFs competing.
BlackRock is leading the race for now... With well over a Billion in inflows into IBIT in just the last 3 days.
But are the Saudis just going to stand by and watch?
Is China really going to let an American entity run away with this?
What happens when #Bitcoin hits $100K but the accumulation continues?
There's only 21 million coins.
And Bitcoin is gaining legitimacy by the day.
Hundreds of millions of inflows from BlackRock clients EVERY DAY are sending a clear signal: #Bitcoin is the new global reserve asset of choice.
Which only makes the informed hodlers more confident in their thesis, and more reluctant to sell.
Number must go up to coax some new supply onto the market to meet the insatiable demand.
Meanwhile, the vast majority of asset managers have yet to secure a position.
Nor will they be able to at $0.05M per coin.
Their clients wealth is evaporating in Bitcoin terms while they sit there sweating, trying to get cute with market timing, and watching the price run away.
Peter Thiel just scooped up $100 million worth of Bitcoin.
He's often ahead of his peers.
More 9 figure panic buys from other Billionaires are imminent.
And then there's the corporations, pension funds, and insurance co's.
Anything under $100K is a steal.
Taking out gold at ~$600K is perfectly logical.
And $1 Million Bitcoin is a reasonable medium-term price target on the way to Hal Finney's $10 Million ultimate long-term target.
If you think that's completely unhinged, you don't understand how rare a single Bitcoin is, and how desirable it will be.
The harder it is to get a whole Bitcoin, the more the wealthy will want one.
Many people will sell their Sats for what they think is a lot of money.
Only to realize that what they thought was a lot of money, was peanuts to the new buyers who intend to hold their Bitcoin forever.
I'm not saying there won't be dips along the way, or that we'll never go down again.
But the circumstances post-ETF have drastically changed.
And we are due for a massive upward correction first.
The big money is here now.
And they aren't here to play around.
So if you sell, just make sure you kiss those Sats goodbye forever.
SOURCE:
https://twitter.com/stackhodler/status/1757399845365494153
