Quote from: Faisal2202 on November 22, 2024, 08:57:52 PM

Quote from: fuguebtc on November 14, 2024, 08:56:35 AM

Honestly, we have mined over 19 million bitcoins and there are not many bitcoins left to mine. Not to mention if you look at the outflows from ETFs, they are buying many times more bitcoin than the miners are mining every week. So I'm not bullish on the halving anymore and I think the bigger catalyst in this bull run is ETFs, governments and economic impacts rather than the halving.

As you can see week: 44 ETF bought over 20kBTC while bitcoin only mined 3kBTC.

I did not know the exact number of BTC bought by these ETFs and how much BTC was mined, these stats are really bullish, and the high adoption and decrease in the supply will surely take the price of 1 BTC to new heights, as I hear in one of the news that the author of Poor Dad and Rich Dad said BTC can touch millions per coin.

Although imagining that is just crazy for me, I don't have that much BTC, but from 100k, if it jumps to 1 Mil, which seems to be not far from the current adoption rate, I think we can make 10x, and that will surely take a lot of time while we can make 10x from any alt (the right one has to be chosen) in this alt season.

Thanks for these stats, these were helpful and refreshing.

If Bitcoin hits $1 million, Bitcoin's market cap will hit $21 trillion and surpass the market cap of gold, and that's a huge number indeed. We will need a lot of money to do that, it is not as easy to achieve as many people think.
But I think if the demand for bitcoin continues to be sustained and increases even more as the Trump administration pushes other governments to join the race to make bitcoin a strategic reserve. It is entirely possible that this would happen even during a Trump presidency.

Some people say altcoin season won't happen but I believe we will have altcoin season and if you notice old altcoins like XRP, ADA...have all increased x2 from the lowest. That signals an alt season is coming.
Although the altcoin market is quite chaotic, I think it is still possible to make 10x profit even with the top 30 altcoins, but be careful because altcoins are very risky and cannot be as safe as bitcoin.