Make no mistake, no matter what the outward message to investors is about Bitcoin, that institutional money is betting that Bitcoin will have high demand from their clients.
The outward message for now is that Bitcoin is a risky investment. In fact, it’s down right ludicrous for me to nail down Bitcoin’s bull run to a date, but this is a blog, not a crystal ball! LOL
Anyway, these news “messages” of ETF outflows push Bitcoin’s price down, while they secretly are accumulating Bitcoin in the background at a tremendous discount.
Here — check this out:
Crazy right?
Michael Saylor, CEO of MicroStrategy, has been touting Bitcoin for years, calling it the new era of money. Then, within 2 months of existence, BlackRock Bitcoin ETF buys more Bitcoin than MicroStrategy, at least as of 3/10/24. Apparently, those numbers have only increased since then.
Also, I honestly don’t know why people thought The Halving was going to do anything. The halving just means that the future mining reward from that point on would be half. But that there really was no change to the existing supply. Duh!
