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1 contribution to Bitcoin
10 Reasons Why Bitcoin is Sky Rocketing Right Now
Bitcoinโ€™s price in USD is up 30% over the last month. Here are 10 reasons why the price can only go higher: 1. Less people are selling. 1 in 3 holders havenโ€™t moved any bitcoin in the past year. 1 in 2 havenโ€™t moved in the last 2 years. When asked: โ€œWhen will you sell?โ€ Most bitcoiners now answer with something like: โ€œSell and buy what? Bitcoin IS the exit strategy.โ€ Assuming demand remains steady, with less supply from people selling, the price of bitcoin can only go up. 2. Bitcoin ETFs are growing. Bitcoin Exchange-Traded Funds (ETFโ€™s) got approved in January. Do you remember what happened when Gold ETFโ€™s were approved? 1 year later, the price of gold skyrocketed. But do you know the difference between gold ETF & bitcoin ETF? Bitcoin ETFโ€™s have already received more inflow in their first year than Gold received in it's first 5 years. Cameron Winklevoss (multi billionaire investor) says: โ€œPeople buy ETFs, they donโ€™t sell them. Their investments are sticky so the floor keeps rising. Where are we in the cycle? We just won the coin toss. The innings havenโ€™t even started yet.โ€ With a bitcoin ETF being sold by so many investing firms (like BlackRock), the price of bitcoin can only go up. 3. Bitcoin ETF Options are coming soon. With bitcoin ETF Options expected within the next 2 weeks, investors are loading up on bitcoin now to prepare. Why? Because whenever options get introduced into a commodity, the price tends to skyrocket soon after. With bitcoin options still ahead of us, the price of bitcoin can only go up. 4. Interest rates are getting slashed. Whenever interest rates are cut, investors take out money and invest into scarce assets like bitcoin. Why? Because if you can borrow money at 5%/year, and put it into bitcoin which gains (on average) 50-100% per year, you'd be crazy not to. With more investors throwing more and more cheap money at bitcoin, the price of bitcoin can only go up. 5. Bitcoinโ€™s halving has created a "Supply Shock".
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New comment Nov 12
10 Reasons Why Bitcoin is Sky Rocketing Right Now
0 likes โ€ข Nov 12
@Ted Carr very useful insight
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Ammad Ashraf
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@ammad
I help creatives, artists, & skilled individuals to monetize their passion by creating their Skool community without tech overwhelm

Active 1h ago
Joined Nov 12, 2024
INFP
Dubai, United Arab Emirates
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