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1+1+1= 100k btc

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felander
@felander
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Change is in the decentralized air:

There are some things that are making me more and more optimistic about the current setup for BTC price and as such also the altcoin price:

  • Grayscale
  • Hodlwave
  • Halving and the FED
  • Institutions and big money
  • Mining & Defi/Cefi

Grayscale Bitcoin Trust

Grayscale alone is currently buying more BTC then is being mined as can be seen in the chart below. Their bitcoin trust is gaining more and more popularity as it allows speculators to be exposed to BTC while not having to own any physically. That alone would be sufficient to push up the price.

Hodlwave

Currently, 60% of all bitcoin has not moved place in over a year and that number seems to be going up. That means that people are just not selling and that there is only 40% of all bitcoin potentially available for sale...

Halving and the FED

The halving has come and gone and we have a slight dip in price but now the stock to flow seems to be slowly kicking in. So the effect of having less bitcoin being mined is catching up with all the demand out there and the FED is helping us out, together with all other central banks, with all the money printing going on. Some things like BTC are Hardening and others most definitely are not.

Institutions and Big money

Look at big Hedge fund Managers like Paul Tudor Jones who is not only taking part with the fund coffers but also with their own money and investing in BTC. This is another step to making the whole scene more acceptable for others to venture in bit by bit. And with a value of only 150 bn, we do not need much to push those prices higher https://www.marketwatch.com/story/hedge-fund-boss-who-called-the-87-crash-and-made-timely-call-on-gold-now-says-if-i-am-forced-to-forecast-my-bet-is-it-will-be-bitcoin-as-the-best-inflation-hedge-2020-05-07

Mining and Defi/Cefi

For me, the last thing here is mostly overlooked but the option for the Miners to take out loans with their mined BTC as collateral. This allows them more flexibility and allows a hedge and a spread of the risk instead of just selling everything they mine. This, in turn, allows for better profitability and can keep the smaller players in the game. This setup also makes the whole space stronger and more professional which benefits all in the long run.

what is your opinion?

are there any more things that might drive this price higher or are there things that make you a bit more cautious or even pessimistic?

Let me know in the comments

Posted Using LeoFinance