IBIT: The Analysis on BTC

$iShares Bitcoin Trust(IBIT)$ Think about this:[Happy][Happy][Happy]

BTC demand of the US BTC ETF's alone is now 10x the daily mining supply since halving. Next week the Hong Kong ETF's ( China buyers mostly) are coming online. Australia, Vietnam, South Korea and now Germany, UAE and the Saudis are coming this year. Many think the mysterious Mr. 100 who's been buying 100 BTC per week since the beginning of the year is a Saudi elite. Factor in the individual billionaire and millionaire whales and demand is in the "banana zone" ( the 12-18 months post halving as Raoul Pal calls it)

That's coming in the next 3-6 weeks and will likely push BTC close to 500k by the end of 2025. There is nowhere near enough supply to handle the enormous demand now and in the very near future.

Looking out on the stock to flow charts for ETF's alone over the next 18 months shows BTC at $600k. Mind bending and it's why Fidelity hasa $1 Billion per coin price target by 2037.

Keep in mind, the Fidelity PT was BEFORE all these worldwide ETF's were even the thought to be coming online. The future is here.[Grin][Sly][Lovely]

# Technical Analysis

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  • MaudNelly
    ·04-23
    I can't wait to see how this plays out in the coming months and years.
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