$1,000,000 #BitcoinIs a Joke To You?

BREAKING: Bitcoin ETFs traded $111 Billion in March — 3x more than February

@EricBalchunas

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$Bitwise Bitcoin ETF(BITB)$ $iShares Bitcoin Trust(IBIT)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $VanEck Bitcoin Trust(HODL)$ $Valkyrie Bitcoin Fund(BRRR)$ $Franklin Bitcoin ETF(EZBC)$ $ARK 21Shares Bitcoin ETF(ARKB)$ $Invesco Galaxy Bitcoin ETF(BTCO)$ $WisdomTree Bitcoin Fund(BTCW)$ $Grayscale Bitcoin Trust(GBTC)$

$1,000,000 #BitcoinIs a Joke To You? When @balajis made the call on March the 17th, 2023 that Bitcoin would hit $1m within 90 days, the price of Bitcoin closed at just $27,454 for that day.

The majority reaction to his prediction was that it was a joke, and a bit of a stunt, mainly because of the 90 day timeframe.

Well, it's now more than a year later and Bitcoin is at $65,000. It would take ~15x increase for Bitcoin to hit $1M. Bitcoin bull markets have exceeded this return in 3 of first 4 cycles (yes, diminishing returns across all 4 cycles so far!)

But it does show, that $1m Bitcoin is not a joke anymore.

Not with ETF on ramps in the USA opening access to $100 Trillion in new funds.

Not when you look at:

• US deficits, unsustainable debts, and huge interest payments.

• Gold price hitting new highs.

• Oil price up.

• Commercial real estate tanking.

• Banks hiding massive losses.

What happens when panic sets in and more people look for an asset with zero counter party risk?

Read Balaji's original thesis because $1m Bitcoin is no longer a joke.

It's sooner than you think.

https://twitter.com/balajis