Anyone into Bitcoin ?
$BTC Bitcoin to $80K feels inevitable now
Coinbase $COIN CEO Brian Armstrong recently posted that "Retail is back" which has me really thinking...
I think many times we forget that when $BTC went to $69K in 2021, there were no ETFS. No Blackrock.
It was ALL retail pushing it. This year, if you take a look at $HOOD and $COIN trading volumes as of Q2-Q3, retail really hasn't been participating as much.
If retail is back...and the ETFs are continuing to gain momentum (Blackrock's ETF $IBIT had $1.1B of net inflows in one day last week) then the combination of retail and the ETFs together along with more rate cuts which are opening liquidity doesn't make a $BTC big run seem out of the question.
Not to mention...any replacement of Gary Gensler will open up the crypto economy to innovate and if there is a true strategtic reserve of $BTC eventually built...the catalysts are very, very strong for this asset.
I feel like a DCA into Bitcoin or $IBIT monthly, even if less than 1% of someones portfolio, is reasonable to have.
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