I have never been more bullish than in 2024:
BlackRock and Fidelity are competing to scoop up the most coins. Weak hands, GBTC and miners are selling it to them.
This will not last forever. GBTC sales are rappidly declining, and could be buying soon. In 63 days the amount of new bitcoin created daily goes from 900 to 450 per day.
Smaller currencies are already starting to see ATH in #bitcoin these days which will prove to people that they should protect themselves with a global monetary battery. This will create even more fomo.
Large companies are already stacking through the ETF, but soon when famous companies exposes this on their balance sheet small companies and normal people will get insane fomo. «Oh, Apple have 50,000 BTC?! I should also buy it.»
Then when normal people and smaller companies gets fomo the Central Banks needs to print fiat to buy #bitcoin . They don’t have a choice. Central Banks late to this will end up with zero BTC and hence zero value in the country.
We will see a flippening of poor countries being rich countries (El Salador for example). Norway is a very rich country, but also very conservative, hence they will likely fall a lot on the rich country list the coming years, together with a lot of other rich countries.
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