I remember posting about it, and maybe I gave it less than 5% odds? I cannot remember, exactly. But now the odds are likely getting greater, and greater and greater, and maybe even approaching 40% or more.
I would hate to give $100k prior to the halvening as having more than 50% odds, but it is feeling quite easy right now, but I just hate taking various kinds of bullish BTC price moves for granted, even if currently we are witnessing a lot of ongoing and persistent buy pressure on a lot of the exchanges/markets, and it could well be the case that BTC prices have to go up an additional 2x or 3x within the coming months (before the halvening? I don't know) just to accommodate the current ongoing and persistent BTC buying pressures..
and many of us who have already stacked a lot of cornz over the years are way ahead of this game of financial institutions getting in, including that we front run a lot of these current BIGGER players.. and say if some of us might have gotten 20 BTC over the years, and then between $80k and $150k we could shave off 1 or 2 of those BTC and still be in pretty good shape... I personally am not saying that I have that many BTC or even claiming to having more than 0.63 BTC.. .. but I know a relatively whimpy WO member who has 20 BTC, and he says that he is waiting for BTC prices to get to $10 million before he is going to start shaving some of his previously thought to be whimpy BTC stash. .and I think he is somewhat against selling, so I am not sure if he even has any kind of exact plan.. and maybe there is no need to have any exact plan as long as the BTC are secured.. and .. .. so yeah.. results are going to vary between members, even in these here parts.
I don't think anyone expected 100 thousand dollars at the time of the bet, he was very bold, but perhaps he already had a much broader vision than us, he possibly already imagined some scenario based on ETFs that, in a way, generate a very large demand for people in traditional markets with a risk appetite.
Gold made a very explosive move after the launch of its EFT in 2004, as we can see in the chart below:
We just need to know now if this explosive increase in prices is based on speculative reasons, or if it is a solid increase based on supply/demand based on this opening of the market to thousands of investors through ETFs, or if it is just the market getting ahead of itself and pricing the price based on the next halving
An action plan is very individual, I still believe that today anyone with a minimum knowledge of the bitcoin cycle can very well radically change their standard of living, they just need to be patient and responsible.
