Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
TheJuice
on 07/01/2024, 04:07:20 UTC
Apparently, the rumor is that BlackRock already lined up $2bil from the existing bitcoin investors during wk1.
Analysts are stunned...no kidding.

https://www.forbes.com/sites/digital-assets/2024/01/06/insider-leak-reveals-huge-blackrock-bitcoin-etf-bazooka-will-blow-expectations-out-of-the-water-after-16-trillion-ethereum-xrp-solana-and-crypto-price-boom/

EDIT: some bank estimated before that btc has a 118X multiplier, which means for every $1 bil invested, the market cap goes up 118 bil. Not sure how they exactly calculated this, but if true, then it is about $236 bil added in a week, which is roughly $12K/btc....nice (that 10K candle might happn, if not on a daily, then on the weekly, perhaps).



I don't see how we aren't above 100k this year with that math.