Hello!
Today I saw a post from Brian Armstrong, the CEO of Coinbase. He said that Bitcoin could reach 1 million dollars before 2030. He explained that now regulation is more clear in the US, the government is keeping a BTC reserve, and institutions are coming with ETFs. When you read this, you understand why he thinks so positive about the future.
See the tweet here and the video: https://x.com/brian_armstrong/status/1958259831577731159
On the other side, we see central banks cutting interest rates. They don’t do it because everything is good. They do it because the system is in danger. The debt is too big and without lowering the cost of money everything collapses. Even if inflation is still high, they prefer to push rates down.
This is not sustainable. But in the middle of this situation, Bitcoin looks even stronger. It is the opposite of fiat. No printing, no central bank, no government that can change the rules. Just a fixed supply of 21 million coins.
If big institutions, governments, and normal people like us continue to adopt Bitcoin, the price will reflect it. ETFs are buying every day, hodlers don’t sell, and supply is getting more and more scarce. When demand increases and supply is limited, there is only one direction in the long term.
Maybe the road will not be straight, maybe we see crashes and volatility. But the destination is clear. Bitcoin is becoming the digital reserve of the world.
Bitcoin corrected this week after its rally to near $124,000. But now is dipping about 10% and is trading at $113,000. Everybody is waiting for Powell speech about interest rates. Support is forming near the $108,000 and $110,000, a key area where short term holders bought. This pullback seems normal (even healthy too). It might be just a pause before the next leg up, so stay calm and keep stacking sats.
The next years will be amazing for those who believe. When the market is red, corrections are for buying.
Have a great day!
Posted Using INLEO