Regarding the Arizona bill, Governor Hobbs is known to veto most of the bills, let's not get our hopes up there.
Nvidia is new to me, do you have any sources?
The US selling gold to buy bitcoin -- I believe it when I see it.
Hobbs is an incompetent idiot, but she won’t alienate Bitcoiners by vetoing this bill. It’ll pass automatically on Monday. That’s what I’m expecting.
The Nvidia rumor is all over X. If there is no truth to it, they got a lot of folks to repeat it.
The rumor I’m reading is that the United States will revalue their gold to current prices giving them a $900 billion dollar increase on their books, which they will use to sell off $100 billion and invest in Bitcoin. I think the old multiple of an investment’s effect on market cap is 15? If so, this sends us to $170K this year by itself. Add in $10 billion in short covering, $50 billion in buying from Strategy, potentially $100 billion from other large companies, billions from other governments, retail, banks… You can see the path to $444K beginning to materialize. You crazy bastards are going to get rich!
4x to 5x from here is not that outrageous, yet i suppose that we probably would have to count the top from somewhere around our jumping off point, which I would like to suggest to be $27k from October 2023 for this particular cycle.. so then $444k would be right around 16.5x.. which may well be the same (or similar) to our 2021 run if we count $69k as our top, and $4,200 from April 1, 2019 as our jumping off point.
These kinds of patterns are difficult to rely upon as a predictor, and they seem a bit incredible to set forth such scenarios prior to their happening. I have recently had conversations in the real world with no coiners (bitcoin skeptics) about bitcoin reaching $1 million anywhere between 1 year and 8 years, and they look at me like I am crazy, and frequently I will proclaim that they hardly have any credibility or knowledge on the matter, and I may have had even been talking with them about bitcoin for a couple of cycles (or more) already, and they still have not taken much if any actions to establish a reasonable bitcoin allocation... and even if they had taken some kind of a reasonable bitcoin position 8 years previously, they would be in a much better position to have insurance against quite a bit of the current dollar debasement that we are ongoignly witnessing.
I don't know why some people are so skeptical to understand that bitcoin is an asset to throw some value into for the future. I feel they don't see bitcoin from your own perspective and they also don't want to accept the fact that the price of bitcoin will increase overtime. It is these same people that will say that you are lucky to invest in bitcoin if bitcoin price reaches $1 million because they failed to take advantage of your knowledge in bitcoin and invest with as little as $10 using DCA overtime due to the lack of confidence in bitcoin.