Bitcoin Update on the Top 10 Factors Leading to $150k - $250k

18 Ağu

In this video, I'm updating a few of the factors we've been following for the past year, that could lead to a 150k - 250k or higher Bitcoin this bull-run.

With some breaking news today, we're starting to see more of the dominoes fall in our favor.

Namesly:

1. The Norweigan government just announced a "Norway Sovereign Wealth Fund’s Bitcoin Spree" of buying, which is very Bullish and should lead to increased country interest both as an investment and also inevetiably in making Bitcoin it's financial reserve asset. AKA - This is a Country FOMO Starter Kit.

"Norway now indirectly owns 2,446 BTC through its investments in crypto stocks. That’s bullish news for Bitcoin. It paints an enticing picture of global sovereign support for the BTC price."

2. The BRICS nations now total 159 countries. What that means is a growing trend away from the Dollar (The DXY is crashing as of writing this and as I cover in the video). Less demand, equals more supply, and that can lead to hyperinflation (Unless the US moves toward a Bitcion Standard and as Trump recently stated, buys a large block of Bitcoin to add as a reserve asset).

3. Morgan Stanley recentl announced it's giving the 'Green Light' for it's army of financial advisors to start recommending Bitcoin to it's high-net worth clients. While they are starting out cautiously, this is clearly a trend that will continue and lead to other institutional FOMO.

For these reasons and more, I've updated my 'Path to 150k -250k Bitcoin Study' per the video.

Would love to hear your toughts, and if I've missed anything at the macro level.

I'm actively following a few newer theories related to massive liquidity about to hit the markets which should drive risk assets like Bitcoin higher as well.

Cheers

23 Eki

Not

The dominos continue to fall on our Top Ten List of factors to push Bitcoin higher.

My #4 contributing factor, De-dollarization of the US Dollar continues with recent news:

watcher.guru/news/brics-de-dollarization-begins-40-countries-to-attend-2024-summit

That and our #2 factor, more bank failures to prompt QE and liquidity to bail out banks, although likely will be stealth QE like the BTFP which ended earlier this year.

cryptopolitan.com/u-s-banks-unrealized-losses-soar-to-7-times-2008-crisis-levels/

Remember, EACH of these factors has been like a 'small smoldering camp-fire' with the ability to ignite the rest, turning this into a blaze like a typicaly California forest fire, that's near impossible to put out.

Why?

Flight to quality scarce assets, which Bitcoin is the purest form.

It's only a matter of time before we have more Corporate and Country accumulation and FOMO, to get into the world's scarcest and safest asset and store of value!