Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This is our time
Our time to watch the institutional investors stampeding over each other for the last BTC spread across hundreds of exchanges. Microstrategy and Tesla have started this snowball where every fund or corporation is now shaking in their boots, thinking: What if our competitors are buying BTC ? They will start with a conservative 10% treasury allocation and once they'll fully understand blockchain, they will start fomo-ing in larger percentages.
This is what we've been expecting since the early 2010's. We fucking did it!
Our time to watch the institutional investors stampeding over each other for the last BTC spread across hundreds of exchanges. Microstrategy and Tesla have started this snowball where every fund or corporation is now shaking in their boots, thinking: What if our competitors are buying BTC ? They will start with a conservative 10% treasury allocation and once they'll fully understand blockchain, they will start fomo-ing in larger percentages.
This is what we've been expecting since the early 2010's. We fucking did it!
no not yet but close.
once we crest over 100k and simply stay there with sideways and slowing upwards trends we will be there.
The 2001 to 2008 DowJones was all bull a 7 year run. I have zero idea how long this bull run will be but maybe just maybe we can see a real long run here 2+ years so sideways and slowly upwards would mean a maturing of the market.
I can still see 7-11 trillion as the longterm goal as BTC becomes the new gold.
And space mined gold is simply a far more common useful metal.
"no not yet but close.
once we crest over 100k and simply stay there"
You make little sense. I'm talking about fundamentals and the institutional stampede that is happening right now and you're countering me with some magical number that "you" think will bring maturity to the market. Huh ?
