Quote from: Poker Player on December 17, 2024, 05:58:45 AM

Quote from: Wapfika on December 06, 2024, 03:19:17 PM

I think this thread will be open for more than a decade so let’s enjoy the ride.

I don't think so. If you had asked me 6 months ago I would have said the same as you. But with the state FOMO that is going to be unleashed, followed by the institutional one, I think it's going to be quite a bit less. Just think that Michael Saylor alone bought 15,350 bitcoins last week while 3,150 were mined. Saylor is not going to stop buying, and neither are the spot ETFs. Add to that the states in FOMO and you see the same supply shock I'm seeing.

I see some points in your statement Mr Poker Player, cause recently several goverments, institutions, companies and rich individuals are becoming to pick interest in purchasing in large quantities, Microstrategy and Blackrock are accumulating aggressively and you're right that they won't stop buying but accumulating.

Sailor alone, believes in the possibility of Bitcoin getting to $1m so he won't stop buying or sell what he's holding soon. Wapfika, if you listened to Trump's speech recently you'll understand that he wants to be very aggressive in owning the highest reserve and it would lead to a competition among top nations, that alone could draw BTC to $1m nearer.