I keep hearing about all the billions left on the sidelines, which will come rushing into Bitcoin when some legislative or regulatory event occurs. Here's some history: - Bitcoin futures ETFs. October 2021, price $61k - Bitcoin spot ETFs. January 2024, price $42k - March 2026, price $70k Now, maybe it's still coming, but at this point you might want to start doubting this narrative.

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S!ayer's avatar
S!ayer @s!ayer 3 months ago
How did the proce get to 100k? Where did the liquidity come from? Odd, silo's analysis here. Should be a range, not a fixed price point at the days. What's t +5 or t +14 on those prices? Up or down?
Everyone was wrong 🤣 I've had many doubts about magic internet money. The last 4 years or so has sucked balls from a price perspective. I prefer my life with bitcoin even if it proves me wrong 90% of the time. No matter how I slice it, bitcoin is the correct answer.
You sign up institutions before the plebs at your own risk. They know his to manipulate feelings/mass psychology and they know how to manipulate markets/mass financial decisions. Enjoy the institutions coming. It was a trap and most of the Bitcoin maxi cult fell for it.
Price at the edges is easily manipulated up or down. I'd argue it's not the real price. Only real currency can smooth out those effects as price core is more important than short-term fluctuations. Currency is a consequence of use. That's why we do Monero and some people are offering products based on long-term averages to fully price in Monero. Other people may use this to arbitrage which further stabilises the price trajectory.
Sounds like the problem is you're listening to the wrong people? Billions "rushing" in is unlikely to happen, and even if it did its effects are likely to be mitigated by billions rushing out as earlier investors take profits. $42k to $70k in two years is also nothing to sneeze at.
Exit liquidity for OGs: the ETFs were like a company going public via an IPO. Insiders tend to cash out with the new exit liquidity. It eventually balances out, then the next leg up follows—as long as there is no recession or depression. NGU technology continues. It has been disappointing so far, for sure. Ai and then Gold's recent moves have taken some luster away from us. Eventually, the attention returns.
Why do people think any of this stuff is going to impact price? Isn’t the whole reason “Bitcoiners” hate the payments usecase is cause the merchant usually sells the Bitcoin so it hurts price?