I think once Bitcoin breaks through eg $130-150k, no one is going to sell their Bitcoin.
Right now at $100k, it seems individuals who hold a lot of Bitcoin that was bought a long time ago at very low prices, are selling some.
That said, once Bitcoin breaks new levels, this
We just provided some information for a nation state asking about Bitcoin ETFs.
Considering moving some exposure from foreign currency govt bonds into BTC.
Bitcoin is entering a new chapter —
Met with a multi-family office CEO today —
He’s seeing families that have been in Europe for 100s of years moving to Dubai and Abu Dhabi.
There’s a real exodus.
Huge moment —
Charles Schwab CEO: "I have not bought crypto, and now I feel silly."
..."We will get into spot crypto"
Sign of the times, and the new chapter we're entering: the mainstream chapter.
6-12 months from now, the big story in crypto is going to be credit and borrowing.
It will explosively grow over the next few years.
Two vectors:
1. There’s nearly $4 trillion dollars of crypto and growing: when people can borrow against this crypto, rather than sell, they
Almost 100% of my close friends under the age of 35 in San Francisco have left. Over a dozen people. Astonishing to reflect on. Few things are ever this binary.
Globally, there's:
~$120+ trillion of wealth in equities
~$140+ trillion of wealth in fixed income
~$250+ trillion of wealth in real estate
~$100+ trillion in M2 / money
~$30 trillion in gold
There's $1.9 trillion in Bitcoin.
Bitcoin at $85k, $95k, $105k is all the same thing.
