GOOD MORNING NOSTR, STAY HUMBLE AND STACK SATS 🫡

Opt out! #Bitcoin

Michael Saylor explains why he thinks #Bitcoin is going to be 7% of the worlds capital and his long term forecast price at over $13M over 21 years.

GOOD MORNING NOSTR, STAY HUMBLE AND STACK SATS 🫡

When I listened to this episode of Joe Rogan with Andreas Antonopolous in 2021 it made sense because I was new to #Bitcoin But now in 2024 we all can see that Andreas was 100% right. This is exactly what's happening in our society right now. #bullishbounty

Whales Take Advantage and Accumulate $1.5 Billion in Bitcoin During the Latest Dip After nearly $4 billion in Bitcoin losses were sent to exchanges by short-term investors, whales seized the panic selling to increase their holdings. On Tuesday, around 16,000 BTC were added to whale reserves, a number that continued to grow yesterday, totaling approximately $1.5 billion in on-chain accumulation. It’s important to note that this figure reflects Bitcoin moved to institutional addresses on the network. However, a significant amount of coins likely remains unsent and stored in these players' exchange accounts. So far, this spot buying volume hasn’t been enough to signal a more widespread "buy-the-dip" trend, remaining heavily concentrated among institutional investors. For a new all-time high (ATH) to be achieved, a larger volume of spot buying from both retail and institutional players will be required.

GOOD MORNING NOSTR, STAY HUMBLE AND STACK SATS 🫡

Here is a clip from 2011 explaining #Bitcoin(s), which was worth $20 after a drastic sell-off of 30%.

🚨WARNING: This interview will be the most important 8 minutes of your life.‼️ If you can’t get to the end of this clip without understanding the value proposition of Bitcoin, you are a sheep living in the matrix. #bullishbounty

It’s not just the interest in ETFs and the on-chain capital flow that brought us close to $100K in BTC. Institutional capital via futures has also played a role, and despite what many believe, the existence of a derivatives market does not harm Bitcoin. Open positions on the CME continue to hit all-time highs, indicating that TradFi is gradually increasing its interest.

GOOD AFTERNOON NOSTR, STAY HUMBLE AND STACK SATS 🫡