What happens to the price of a popular commodity, when you let a HUGE market of investors gain access to it, then reduce the currently available amount of that commodity?
The answer is always the same.
1. The SEC has approved a Bitcoin ETF for all the major investment firms like BlackRock among others. This will allow them to legally offer Bitcoin ETFs to their investors. It's inevitable and it could happen as soon as today (Jan-10-2024). This will make Bitcoin main stream and bring BILLIONS of investment dollars into Bitcoin over the next two years.
2. In April 2024 the famous Bitcoin Halving Event takes place. A little background here...
Bitcoin is a limited supply commodity. There will only ever be 21 million bitcoins mined. While you can sub-divide them down to as small as a Satoshi (one 100 millionth of a Bitcoin), you can not mine or distribute any more.
Every four years as a result of the halving event, the available mining supply and distribution of Bitcoin is CUT IN HALF. Significantly reducing the available supply.
Re-read that if you have to, until you understand the significance of #2 combined with #1 above.
QUESTION: What happens to the price of a high demand commodity when supply is greatly reduced and demand is greatly increased?
3. Digital currency is inevitable. It's the future in a digital world. Actually It's already done, albeit unofficially. The US dollar is digitalized and there isn't enough paper currency to cover the outstanding debt. And they keep "printing " more. The only choice we have is a movement to a digital currency. Some are calling this "The Great Reset".
Will we choose Bitcoin or CBDC? Our vote is determined by which of the two we support with our dollars.
"I don't believe we shall ever have a good money again before we take the thing out of the hands of Government... All we can do, is by some sly roundabout way, introduce something that they can't stop"
- Friedrich Hayek, winner of the 1974 Nobel Prize in Economics -
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