he scenario Tung describes grows even more intense if corporations join the race, such as BlackRock's speculated involvement. He asserts, "If four entities try to buy 40% of the supply...that alone will drive bitcoin into the millions." He highlights how limited the global supply of bitcoin is, mentioning that even smaller countries, like Bhutan and El Salvador, have already started acquiring significant amounts of bitcoin.
Fundstrat analyst Sean Farrell recently used the same logic to say he may need to adjust his $115,000 price target higher.
I'm curious as to what you all think about this article, this idea, or anything related to it. Me? I think it's total BS (though definitely bullish), but I tend to scoff at most crap that gets published online, especially if it's financial news--but I never rule out the possibility that I'm being a moron.
In the end, I think it's only newbies and OGs who still lack proper knowledge of the market will take such news as a financial advice, yeah, I appears bullish as fk but that's the purpose for the write up in the first place, to get your hopuim as up as possible.
I read stuffs like that and I simply smile, I enjoy reading them but I never allow that get into my head to influence my decision making.
Already, we who have been here for quite a long time should already know that Bitcoin's got a great future, so articles like this shouldnt come as a surprise to the extent of we getting too excited about it, for what will be will be, and bitcoin have come to be, the government and companies fighting over who's gonna hold the most bitcoins is their business, and also to my benefits because they will only be pumping my bag, so I just will sit down and watch 'em, one of the benefits and of investing in great innovations very early.