Prepare For Bitcoins Major Move
CryptosRUs
Introduction to Bitcoin Rally
The host discusses the potential for a parabolic Bitcoin rally, driven by massive inflows of funds into ETFs, which are absorbing large amounts of Bitcoin.
Effect of ETF Inflows
- Hundreds of millions of dollars are being invested in Bitcoin through ETFs daily.
- This absorption of Bitcoin reduces the circulating supply, which can lead to a price increase.
- Despite initial skepticism, the host believes this will have a significant effect due to Bitcoin's limited supply and the inability to manipulate it like fiat currency.
Market Dynamics
- The host mentions that Bitcoin's price movement is not solely determined by ETF inflows due to market makers and manipulators.
- The reduction of Bitcoin in circulation will eventually lead to a price increase, similar to the jump from $60,000 to $100,000.
- Predicts the next leg up could reach $120,000 to $150,000.
Macro Economic Factors
- Discusses the DXY (US Dollar Index) and its impact on Bitcoin prices. A weaker dollar typically strengthens Bitcoin.
- Mentions that traditionally, January and February see a decline in DXY, which could boost Bitcoin prices.
Predictions and Analysis
- References Standard Charter's prediction that Bitcoin could reach $130,000 in the next two months.
- Attributes potential price growth to the removal of regulatory barriers (SAB 121), the recent market shakeout, and continued buying behind the scenes.
Supply Shock and Demand
- Notes this cycle is unique because Bitcoin supply on exchanges is decreasing while the price is increasing, indicating a bullish trend.
- Supply and demand dynamics suggest a potential price increase.
Cycle Change and Future Outlook
- Believes the traditional Bitcoin cycle may be over due to executive orders and a shift towards crypto being part of the future.
- Suggests the possibility of entering a super cycle with no reason for another crypto winter after Bitcoin becomes a strategic reserve.
- Expects the four-year cycle going forward to be very different, with a potential bull run driven by pro-crypto policies.
Market Sentiment and Conclusion
- Mentions cellar exhaustion has hit rock bottom, indicating a lack of sellers and a strong base for the next leg up.
- Expresses optimism for the future of Bitcoin, encouraging listeners to get ready for the potential rally.