Explanation
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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 930. (Read 26713514 times)
April 15, 2024, 07:01:17 AM
April 15, 2024, 06:28:08 AM
O/T
Poor people of Sydney.
Time to execute such barbaric knife yielding murderers if you ask me.
Poor people of Sydney.
Time to execute such barbaric knife yielding murderers if you ask me.
April 15, 2024, 06:12:58 AM
Willy Woo
@woonomic
The new BTC ETFs brings price targets of $91k at the bear market bottom and $650k at the bull market top once ETF investors have fully deployed according to asset manager recommendations***.
These are very conservative numbers. BTC will beat gold cap when ETFs have completed their role.
*** Note these are not targets for THIS cycle, it takes a long time for capital deployments to complete.
___
Back of the envelope calculations:
1) $100T managed by asset managers, they generally have a 2% allocation recommendation (see Fidelity). This number will rise over time, but today it's a $2T allocation into BTC.
2) BTC currently holds $561,159,959 of investment (we can measure this on-chain), new total will bring it to $2.56T of investment
3) We can use MVRV to calculate market cap vs money invested. This ratio is 5x in bull market tops and 0.7x in bear market bottoms.
4) This translates to capitalisations of $12.8T and $1.8T respectively or $650k and $91k per coin.
5) I've excluded other self custody inflows, so this is absolutely a lower bound estimation. Self custody inflows are way bigger right now.
6) Bitcoin will certainly exceed Gold capitalisation by the time asset manager capital has deployed. Gold went on a 12 year bull run when it's ETF was approved, now it's Bitcoin's turn.
https://x.com/woonomic/status/1779829797738438754
@woonomic
The new BTC ETFs brings price targets of $91k at the bear market bottom and $650k at the bull market top once ETF investors have fully deployed according to asset manager recommendations***.
These are very conservative numbers. BTC will beat gold cap when ETFs have completed their role.
*** Note these are not targets for THIS cycle, it takes a long time for capital deployments to complete.
___
Back of the envelope calculations:
1) $100T managed by asset managers, they generally have a 2% allocation recommendation (see Fidelity). This number will rise over time, but today it's a $2T allocation into BTC.
2) BTC currently holds $561,159,959 of investment (we can measure this on-chain), new total will bring it to $2.56T of investment
3) We can use MVRV to calculate market cap vs money invested. This ratio is 5x in bull market tops and 0.7x in bear market bottoms.
4) This translates to capitalisations of $12.8T and $1.8T respectively or $650k and $91k per coin.
5) I've excluded other self custody inflows, so this is absolutely a lower bound estimation. Self custody inflows are way bigger right now.
6) Bitcoin will certainly exceed Gold capitalisation by the time asset manager capital has deployed. Gold went on a 12 year bull run when it's ETF was approved, now it's Bitcoin's turn.
https://x.com/woonomic/status/1779829797738438754
April 15, 2024, 06:01:14 AM
April 15, 2024, 05:24:27 AM
HUGE NEWS……
Gokhstein
BREAKING: Hong Kong greenlights spot Bitcoin & Ethereum ETF applications.
https://x.com/gokhshtein/status/1779755926020358197
@WatcherGuru
JUST IN: 🇭🇰 Hong Kong approves spot #Bitcoin & Ethereum ETF application.
https://x.com/watcherguru/status/1779754815947465186
@WuBlockchain
Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong Kong Securities and Futures Commission, allowing investors to directly use Bitcoin and Ethereum to subscribe for corresponding ETF shares.
https://mp.weixin.qq.com/s/L41jvBB5hthR4mXRoL1G2Q
https://x.com/wublockchain/status/1779752184412008585
@WuBlockchain
Harvest Global Investments also announced that the Hong Kong Securities and Futures Commission has approved in principle the product of Bitcoin and Ethereum digital asset spot ETFs.
https://mp.weixin.qq.com/s/RXXt9vxETtk8NZrdffa1iQ
https://x.com/wublockchain/status/1779754057525342426
Gokhstein
BREAKING: Hong Kong greenlights spot Bitcoin & Ethereum ETF applications.
https://x.com/gokhshtein/status/1779755926020358197
@WatcherGuru
JUST IN: 🇭🇰 Hong Kong approves spot #Bitcoin & Ethereum ETF application.
https://x.com/watcherguru/status/1779754815947465186
@WuBlockchain
Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong Kong Securities and Futures Commission, allowing investors to directly use Bitcoin and Ethereum to subscribe for corresponding ETF shares.
https://mp.weixin.qq.com/s/L41jvBB5hthR4mXRoL1G2Q
https://x.com/wublockchain/status/1779752184412008585
@WuBlockchain
Harvest Global Investments also announced that the Hong Kong Securities and Futures Commission has approved in principle the product of Bitcoin and Ethereum digital asset spot ETFs.
https://mp.weixin.qq.com/s/RXXt9vxETtk8NZrdffa1iQ
https://x.com/wublockchain/status/1779754057525342426
I'm split in my feelings regarding this. Part of me is thrilled another huge market is now going to join the competition in getting bitcoins.
The other part of me is not thrilled. Almost angry - because its China/HK.
Not sure if they can BAN these ETFs? Anyone know when will they begin trading?
When you see the shitcoin like ETH got approved, you know it's another sham by the CCP. They must approve the ETFs first in order to ban them later.
April 15, 2024, 05:01:15 AM
April 15, 2024, 04:01:15 AM
April 15, 2024, 03:34:10 AM
HUGE NEWS……
Gokhstein
BREAKING: Hong Kong greenlights spot Bitcoin & Ethereum ETF applications.
https://x.com/gokhshtein/status/1779755926020358197
@WatcherGuru
JUST IN: 🇭🇰 Hong Kong approves spot #Bitcoin & Ethereum ETF application.
https://x.com/watcherguru/status/1779754815947465186
@WuBlockchain
Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong Kong Securities and Futures Commission, allowing investors to directly use Bitcoin and Ethereum to subscribe for corresponding ETF shares.
https://mp.weixin.qq.com/s/L41jvBB5hthR4mXRoL1G2Q
https://x.com/wublockchain/status/1779752184412008585
@WuBlockchain
Harvest Global Investments also announced that the Hong Kong Securities and Futures Commission has approved in principle the product of Bitcoin and Ethereum digital asset spot ETFs.
https://mp.weixin.qq.com/s/RXXt9vxETtk8NZrdffa1iQ
https://x.com/wublockchain/status/1779754057525342426
Gokhstein
BREAKING: Hong Kong greenlights spot Bitcoin & Ethereum ETF applications.
https://x.com/gokhshtein/status/1779755926020358197
@WatcherGuru
JUST IN: 🇭🇰 Hong Kong approves spot #Bitcoin & Ethereum ETF application.
https://x.com/watcherguru/status/1779754815947465186
@WuBlockchain
Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong Kong Securities and Futures Commission, allowing investors to directly use Bitcoin and Ethereum to subscribe for corresponding ETF shares.
https://mp.weixin.qq.com/s/L41jvBB5hthR4mXRoL1G2Q
https://x.com/wublockchain/status/1779752184412008585
@WuBlockchain
Harvest Global Investments also announced that the Hong Kong Securities and Futures Commission has approved in principle the product of Bitcoin and Ethereum digital asset spot ETFs.
https://mp.weixin.qq.com/s/RXXt9vxETtk8NZrdffa1iQ
https://x.com/wublockchain/status/1779754057525342426
I'm split in my feelings regarding this. Part of me is thrilled another huge market is now going to join the competition in getting bitcoins.
The other part of me is not thrilled. Almost angry - because its China/HK.
Not sure if they can BAN these ETFs? Anyone know when will they begin trading?
April 15, 2024, 03:01:13 AM
April 15, 2024, 02:18:57 AM
It appears the answer is, because Coinbase. Which is slightly troubling, because isn't coinbase handling all of the behind the scenes, off the chain transactions for the US ETFs? I really want to hate that font, but just can't.
In other news, how many forced HODLers were created this weekend? With ETF BTC being mostly frozen in time over the weekend. How many weekend BTC traders do you all think are employed by the ETFs. Or is it all, just do what the customer asks, during normal business hours?
In other news, how many forced HODLers were created this weekend? With ETF BTC being mostly frozen in time over the weekend. How many weekend BTC traders do you all think are employed by the ETFs. Or is it all, just do what the customer asks, during normal business hours?
April 15, 2024, 02:01:14 AM
April 15, 2024, 01:28:43 AM
Gokhstein
BREAKING: Hong Kong greenlights spot Bitcoin & Ethereum ETF applications.
https://x.com/gokhshtein/status/1779755926020358197
@WatcherGuru
JUST IN: 🇭🇰 Hong Kong approves spot #Bitcoin & Ethereum ETF application.
https://x.com/watcherguru/status/1779754815947465186
BREAKING: Hong Kong greenlights spot Bitcoin & Ethereum ETF applications.
https://x.com/gokhshtein/status/1779755926020358197
@WatcherGuru
JUST IN: 🇭🇰 Hong Kong approves spot #Bitcoin & Ethereum ETF application.
https://x.com/watcherguru/status/1779754815947465186
Price immediately jumps over $66K… The demand keeps growing…
April 15, 2024, 01:25:52 AM
April 15, 2024, 01:24:36 AM
HUGE NEWS……
Gokhstein
BREAKING: Hong Kong greenlights spot Bitcoin & Ethereum ETF applications.
https://x.com/gokhshtein/status/1779755926020358197
@WatcherGuru
JUST IN: 🇭🇰 Hong Kong approves spot #Bitcoin & Ethereum ETF application.
https://x.com/watcherguru/status/1779754815947465186
@WuBlockchain
Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong Kong Securities and Futures Commission, allowing investors to directly use Bitcoin and Ethereum to subscribe for corresponding ETF shares.
https://mp.weixin.qq.com/s/L41jvBB5hthR4mXRoL1G2Q
https://x.com/wublockchain/status/1779752184412008585
@WuBlockchain
Harvest Global Investments also announced that the Hong Kong Securities and Futures Commission has approved in principle the product of Bitcoin and Ethereum digital asset spot ETFs.
https://mp.weixin.qq.com/s/RXXt9vxETtk8NZrdffa1iQ
https://x.com/wublockchain/status/1779754057525342426
Gokhstein
BREAKING: Hong Kong greenlights spot Bitcoin & Ethereum ETF applications.
https://x.com/gokhshtein/status/1779755926020358197
@WatcherGuru
JUST IN: 🇭🇰 Hong Kong approves spot #Bitcoin & Ethereum ETF application.
https://x.com/watcherguru/status/1779754815947465186
@WuBlockchain
Breaking: China Asset Management, Bosera Capital, HashKey Capital Limited, etc. announced that their applications for Bitcoin and Ethereum spot ETFs have been approved by the Hong Kong Securities and Futures Commission, allowing investors to directly use Bitcoin and Ethereum to subscribe for corresponding ETF shares.
https://mp.weixin.qq.com/s/L41jvBB5hthR4mXRoL1G2Q
https://x.com/wublockchain/status/1779752184412008585
@WuBlockchain
Harvest Global Investments also announced that the Hong Kong Securities and Futures Commission has approved in principle the product of Bitcoin and Ethereum digital asset spot ETFs.
https://mp.weixin.qq.com/s/RXXt9vxETtk8NZrdffa1iQ
https://x.com/wublockchain/status/1779754057525342426
April 15, 2024, 01:01:17 AM
April 15, 2024, 12:59:32 AM
April 15, 2024, 12:33:05 AM
I confess I sold some million satoshi yesterday at 63K. I’m not a truly HOLDer, but a weak hand. I am scared when BTC “crushed” to 62K, and I thought it may go to zero.
I shouldn’t sold but bought the dip, because halving is coming in several days.
I shouldn’t neglect JJG’s long post. I should study Toxic’s TA carefully, and I should have a dream in which I will own a same lake as Jimbo.
Have a good day! WOers.
I shouldn’t sold but bought the dip, because halving is coming in several days.
I shouldn’t neglect JJG’s long post. I should study Toxic’s TA carefully, and I should have a dream in which I will own a same lake as Jimbo.
Have a good day! WOers.
I grabbed btc three times yesterday. good prices. maybe 1800 usd worth at about 61-63
I am waiting for a big drop on monday.. or not.
And then 🤯 it's green on $65k
Mehn! I felt like a genius 😁
We're starting the week on a good trend🔥
April 15, 2024, 12:01:14 AM
April 14, 2024, 11:01:13 PM
April 14, 2024, 11:00:47 PM
I confess I sold some million satoshi yesterday at 63K. I’m not a truly HOLDer, but a weak hand. I am scared when BTC “crushed” to 62K, and I thought it may go to zero.
I shouldn’t sold but bought the dip, because halving is coming in several days.
I shouldn’t neglect JJG’s long post. I should study Toxic’s TA carefully, and I should have a dream in which I will own a same lake as Jimbo.
Have a good day! WOers.
I shouldn’t sold but bought the dip, because halving is coming in several days.
I shouldn’t neglect JJG’s long post. I should study Toxic’s TA carefully, and I should have a dream in which I will own a same lake as Jimbo.
Have a good day! WOers.
Haha! I don't know if Jimbo is the kind of guy to go partners on a lake but I wish you all the best. Also, there's no reason to be scared - just hodl.
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