BTC PRICED - SHY | GLD | SLV | DJI | Fund Manager Nightmare 21
Funny to see funds and institutions hating Bitcoin prior to 2017 fast forward to today and you point Bitcoin at bonds, precious metals, DJI Bitcoin is creating a macro bottom on all of them.
Blackrock must have done the same homework and went, oh oh.
What could fuel this is the MASS hate Bitcoin will receive from all investors, global equities, gold holders, silver holders, bond holders sitting there watching this asset consume the global purchasing power of their assets they have been so keen on for decades.
The SPOT Bitcoin ETF's may see the biggest demand inflow of any spot ETF in human history.
Maybe people aren't aware but (ProShares BITO) had the largest ETF launch of any other in history $1b in total volume on day 1. And this is not a spot ETF it utilizes futures contracts that do not allow large funds to allocate capital.
I am starting to think Spot BTC ETF's are going to break the records again.
How many people understand global retirement funds $70 trillion
EST 2020
DERIVITVES $1,600T
PRIV Banking $125T
Comm RE 30T
Res RE 80T
Securities Debt / stocks $100T
EST 2023
Global bonds $133 Trillion
Might be pretty obvious now why Institutions attacked the clown shows like Binance / FTX and used Coinbase to get clearance for the surveillance sharing agreement.
Blackrock, Invesco, Valkyrie, Fidelity, ARK, are all trying to get on top of this hence the Spot ETF race.
The SEC could decline them throwing everything into a limbo for years, but if they approve these ETF's we're talking about trillions flooding into it within months.
Who would have thought something created only 14 years ago is staring down the largest asset classes in the world that will deflate the entire housing model, and take over the commodities sector.
Best part? Governments have no choice to regulate and adopt Bitcoin as it cannot be stopped. So if you're a genius government like China and Ban Bitcoin you find out real quick how much that costed your economy.
Lets see what happens, Bitcoin is stating it is the captain now, can it be stopped?
Comment:
Dancing with the devil.