Worried about buying the top? Don't Be.

To those "worried" about buying the top...I want to give you some context to show just how low $67k is in the grand scheme of things.

Total U.S. 401(k) balances stand at around $6.9T as of 09/30/23.

If just 1% of those balances get allocated to Bitcoin, that would be $69B in inflows.

Bitcoin ETFs launched in early January of this year as we all know. Since their launch, there have been net inflows of $7.5B.

Since ETF inception, Bitcoin's price has increased from $46k to $67k. Using 19.5M coins as our basis (with 1.5M more to be mined and ignoring lost coins), that translates into a market cap increase of $409B ($897M to $1.3B). $409B / $7.5B inflows = multiplier of 54.6 for each $1B of inflows.

$69B of 401(k) inflows would result in $69B x 54.6 = $3.7T (yes Trillion) increase in market cap.

That would put Bitcoin's total market cap at $1.3T present + $3.7T = $5T, making a new price of $5T / 19.5M coins = ~$256,000 per coin.

This is JUST allocating 1% of 401(k) balances. There are also pension funds, IRAs, and other retirement accounts. Total U.S. retirement balances were $35.7T as of 09/30/23.

If you were to allocate just 1% of all retirement balances, the price of one Bitcoin hits $1M using the same math described above.

Insane. You are not late. You are early.