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$133T Decaying Bond Marketcap - 0.5T Bitcoin Marketcap EarthBond Its fun to compare bitcoin with Gold as a commodity for the similar attributes but Gold only has a small market cap of 12.928T and is very illiquid. Yes Golds market cap is nowhere near the market cap of Government Bonds. We have a global CPI / inflation problem where "smart money" is getting anti Bonds due to the rising debt and interest rates that eventually make the returns useless if adjusted. Lets do the calculations bitcoin superior to Gold and superior to the government bonds creating a decentralized Earth Bond, yes bitcoin to my eyes is like gold but will eventually function like a bond that is tied to the earth and connection to every sovereign country. Planet Bond. BlackRock Suggests an optimal BTC allocation is 84.9% completely changing the 60-40 basic portfolio of bonds. twitter.com Lets have some fun with the calculations Illiquid bitcoin supply at 15.2M twitter.com 19.5 million (Today Supply) minus 15.2 million equals 4.3 million on the market of course this will increase if prices go up but there's also the chance they do not as most accumulation here is by large funds not retail looking for short term returns. 5% of 133 trillion (133T) is 6.65 trillion. If bitcoin had a market cap of $6.5T, 1 BTC would be worth $1.5M, an upside of 46x (based on the supply is way less than people understand) All that's left is a Spot ETF on the US market to allow capital to just lightly tap this market and we will know soon enough. And people wonder why every large fund have raced to get a spot bitcoin ETF, yeah being potentially the most important asset in the last 100 years could do it. Tick Tock
INDEX:BTCUSD
by FederalXBT
BTC Long set up at 37k and possible evidence of a great buy. After finding strong resistance at 53k. BTC could go into a correction and here we are looking for evidence of a great possible long set up. Going to the Weekly, we have a weekly resistance marked by blue horizontal line which could flip into significant support. Not only that but we also have our 0.618 fib of our uptrend wave that lands on a High volume node on our uptrend volume profile. These are strong confluences that can give us a greater possibility of strong support. In our current situation BTC found very strong resistance at 53k which was the 0.618 Fib of our downtrend as you can see in Exhibit A. We broke our uptrend channel (Exhibit B) and is a good signal of a correction. As of right now we have our 0.382 FIb at 42.6k holding as support. Once that breaks, we have a high chance to test our PoC of this uptrend at 39k. A possible bear trap could happen if we break PoC and sub 37k would be my target for long entry. Exhibit A Exhibit B Exhibit C
COINBASE:BTCUSDLong
by Detective_Conan
3
BTCUSD Monthly 21 EMA significance and pin pointing past bottomsLooks like we are heading to test monthly 21 EMA as support, in the next upcoming month. We may make a bounce a little bit before hitting our Monthly 21 EMA but a Lower High will set the tone for a downtrend continuation. If we look at the past and how BTC reacted with the monthly 21 EMA. We could see that after rising up to its highs in DEC 2017, and JUNE 2018, that the market came down to test 21 EMA as support. the 2017 run held 21 EMA for a whole year before making it's crash to 3k. As we can see then, after the 21 Monthly EMA was broken, we had a 50% flash crash and found bottom. Same with JUNE 2018, although this was just the COVID -19 crash but it had the same effect when 21 Monthly EMA broke support, we had a 50% flash crash and that was the bottom for that cycle period. A 50% flash crash from 21 Monthly EMA as of right now we would hit, 12k BTC.
COINBASE:BTCUSDShort
by Detective_Conan