Crazy to think that we are just less than 2 weeks before a potential spot ETF approval. Everyone is very excited by the unprecedented inflow of money into bitcoin that could be propelled by this, but no one is talking about the CURRENT drain on exchanges. Ultimately its all about Demand being higher than Supply.. and as long as we all keep stacking, it is just a self fulfilling prophecy.. Think about it.. MSTR accumulated this year 50k bitcoin, holding about 189K in their balance sheet. Long term Hodlers are not moving 70% of the entire supply in more than a year. More than 1 million whole coin addresses. More than 13m addresses over 0.01 bitcoin. (2m increase this year) Are we excited about the ETF potential inflow? Sure. Do we need it? NO. We got this just by staying humble & stacking, and holding on to our sats with utmost conviction. I dont know about you, but Im stacking hard today to close the year with an ATH in sats. LETS GO! [link] [comments] |
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