The next move is obvious. Bitcoin’s price is about to go up in a major way.
In hindsight, it will have been inevitable. We will all wish that we had bought more Bitcoin. All the cards were lining up perfectly, and the next move for Bitcoin was so obvious.
The greatest transfer of wealth that the world has ever seen has begun to take place. Those who had the courage, foresight, and stubbornness to stick to their conviction to buy BTC are about to see their financial lives changed forever. And those who have been sitting on the sidelines calling BTC a bubble will have theirs changed for the worse.
Microstrategy: An example of the FOMO that’s about to come
Microstrategy has been buying Bitcoin at an unprecedented rate; and has now accumulated more than 439,000 BTC. Accounting for over 2% of all the Bitcoin that will ever be created.
With Microstrategy owning such a large percentage of BTC, it is true that it could someday become the largest risk to Bitcoin in the future.
However, for the time being, they are showing the world an example of the FOMO that will be stampede rushing into Bitcoin. After all, they are only one company. And they’ve practivally been the only large company buying the last handful of years.
But what will happen when a large handful of companies begin buying and having to fight to accumulate as much BTC as they possibly can? When the likes of Apple, NVIDIA, and Microsoft begin buying. Corporate FOMO will be coming to Bitcoin sooner than you think. Fiat money is quickly being inflated and companies are seeing the value of their cash reserves melt away.
They then look at what Microstrategy has pulled off. Essentially going from being a company that most people have never heard of. To a company that nearly everyone in the financial market is talking about. Ballooning up to a valuation of over $100 billion.
Across the world, the Japanese company Metaplanet has also begun its own Bitcoin strategy and has already seen the value of its company increase dramatically. As time goes on, it will become financially irresponsible for companies not to have any Bitcoin on their balance sheet. Especially companies that are holding a significant amount of cash, such as Apple.
US Bitcoin Reserve: The Game Has Changed
Donald Trump announced his plan to create a United States Strategic Bitcoin Reserve when he spoke at the Bitcoin 2024 conference earlier this year. This announcement brought a lot of hope to the market, but everything depended on whether Trump would actually be elected President again.
Not only did he win, but the Republicans also swept the Senate and Congress. All of this means that the likelihood of Trump actually being able to start the US Bitcoin Reserve became very real.
As soon as Trump was elected, it sent shockwaves across the world. This meant that other countries only had two months left to build their Bitcoin position before the US entered the market. This has already had a dramatic effect on the price of BTC, causing it to soar from $68k all the way up to $108k in just over a month.
And that is only the beginning.
Once the US creates this reserve and continues to buy BTC, It will send a message across the world that legitimizes Bitcoin once and for all. No country will want to be the last one to the table. At that point, game theory kicks in, and it simply becomes a game of music chairs. No one wants to be left standing on the sideline.
Since Bitcoin is an extremely scarce asset, that means only one thing is going to happen. Bitcoin is about to go parabolic.
The real question that everyone wants to know is just how high Bitcoin’s price will go.
The truth is that no one knows, not even me. We have never seen such a large amount of bullish events happening for Bitcoin all at the same time. It truly feels like we’ve reached Bitcoin’s end game, and this is when that fabled largest transfer of wealth in human history is about to take place. If Trump follows through on his Bitcoin promises and other countries join in the accumulation race. It wouldn’t be unreasonable for Bitcoin’s price to go up to at least $500k. However, the reality is that it would likely go much higher.
How about you? What is your Bitcoin price prediction?
As always, thank you for reading!!
