sms on Nostr: Nothing is priced in. How do I know this? Sidelines are still absolutely crowded, all ...
Nothing is priced in.
How do I know this?
Sidelines are still absolutely crowded, all in wait for ETFs.
A survey by Bitwise says, “88% of respondents interested in purchasing #Bitcoin on behalf of their clients are waiting for an ETF to be available.”
~9 out of every 10 financial advisers/asset mangers are waiting for an ETF to buy #BTC.
While only 11% of their clients currently want exposure, this number will likely increase as the bull market returns.
Imo, bull doesn’t return until $58k 😘 (few.)
“Buy the dip” mentions on social media have hit an almost 2 year high after the most recent dip (for ants).
Is this amount of optimism in the face of a flash crash priced in?
Obviously not, or it never would have happened in the first place.
Hype isn’t the same as “priced in”. The hype will go away, but the ETFs won’t. No one is hype enough.
The FUD-eviscerating validation that the ETFs will bring is getting slept on.
After ETFs you won’t be trying to convince your family members that #Bitcoin isn’t a scam; you will be trying to convince them to buy real #BTC over the ETF.
Higher timeframes are making me so bullish, it looks like something crazy is en route.
This time MIGHT be different. 🤷♂️
Stacking regardless, too many people are worried about a 10x, not enough are worried about getting 10 cycles under their belts.
I’m going the distance regardless of the path ahead. I don’t care about fiat gains, I care about friends I’ve made, and guess what??? IM UP BIG 🧡🫂
Leverage will continue to get wiped and their discounted sats will end up in the hands of those who stack spot.
Depicted: before and after 10 cycles, #Bitcoin is peer-to-peer, friends gained > fiat gains.
How do I know this?
Sidelines are still absolutely crowded, all in wait for ETFs.
A survey by Bitwise says, “88% of respondents interested in purchasing #Bitcoin on behalf of their clients are waiting for an ETF to be available.”
~9 out of every 10 financial advisers/asset mangers are waiting for an ETF to buy #BTC.
While only 11% of their clients currently want exposure, this number will likely increase as the bull market returns.
Imo, bull doesn’t return until $58k 😘 (few.)
“Buy the dip” mentions on social media have hit an almost 2 year high after the most recent dip (for ants).
Is this amount of optimism in the face of a flash crash priced in?
Obviously not, or it never would have happened in the first place.
Hype isn’t the same as “priced in”. The hype will go away, but the ETFs won’t. No one is hype enough.
The FUD-eviscerating validation that the ETFs will bring is getting slept on.
After ETFs you won’t be trying to convince your family members that #Bitcoin isn’t a scam; you will be trying to convince them to buy real #BTC over the ETF.
Higher timeframes are making me so bullish, it looks like something crazy is en route.
This time MIGHT be different. 🤷♂️
Stacking regardless, too many people are worried about a 10x, not enough are worried about getting 10 cycles under their belts.
I’m going the distance regardless of the path ahead. I don’t care about fiat gains, I care about friends I’ve made, and guess what??? IM UP BIG 🧡🫂
Leverage will continue to get wiped and their discounted sats will end up in the hands of those who stack spot.
Depicted: before and after 10 cycles, #Bitcoin is peer-to-peer, friends gained > fiat gains.