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Two months ago I pointed out that Bitcoin was going through a halvening cycle and ETFs were getting approved which was guaranteed to increase demand as new supply was cut in half so it was a mathematical certainty price would go up. It was at 43,000 then. It's 57,000 now.

The halvening is end of April.


https://www.voat.xyz/viewpost?postid=6571fa8e2e247

it's been going up 5% to 10% every week. The ETFs which are run by the major investment houses and constitute a huge new amount of money that will be interested in buying Bitcoin have been steadily buying Bitcoin and they have nearly exhausted the supply that was available from-new mining sources. In other words the Bitcoin that we're laying around in other investment pools. They've pretty much bought all those up now. That means the pressure is really going to be on.


This website with its graph shows how ETFs have been gobbling up the new supplies in the old supplies of Bitcoin so fast since they were approved a couple of months ago https://heyapollo.com/bitcoin-etf

Even without the ETFs traditionally every four years during the se halving cycles as the price goes up the media begins to cover how Bitcoin is back and then it gets ranked as the best performing investments of the last quarter then of the last year then Joe consumer reads about that and decides they need to buy into Bitcoin then they have stories about kids being millionaires from buying bitcoin. Then people start mortgaging their houses to buy Bitcoin which usually ends up being the top of the cycle. Usually the top of the cycle is between 4 and 10 times with the previous high was at the last four year cycle. The previous high was about 60,000 3 1/2 years ago. Now we don't know what the effect of the ETF huge new demand will be on that cycle but it is a new source of demand so mathematically it puts higher pressure on the price. How it will affect the peak as well as the fall which typically happens after the peak but it never goes lower then it's previous high. Well we just don't know. At this moment February 27th Bitcoin is $57,000 2 months ago it was $43,000.

A reminder you do not have to buy a whole bitcoin. You can put his little as $100 or any amount into bitcoin. You can do it through any number of exchanges such as Gemini by Nance coinbase and many others. You do need to set up an account with them which usually takes a day or two or three to get cleared. You could also buy Bitcoin through Bitcoin ATMs which are located in many cities in the country. Bitcoin ATM is looks exactly like a little third party ATM you would see in a 7-Eleven or other type store. Be prepared they do require that you show ID like a license to get cleared to use the atm. This is because there are money exchanger and they have to be registered in the United States and they must be able to report your transactions to the IRS just like your stock brokerage account does. This is not wrong that they do this it's not a sign that they're going to scam you. It's a legal requirement.

Bitcoin is now been around for over 10 years. We've heard all the stories about how it's a scam how they were going to outlaw it how China was going to make it go away how it was used for criminal activity how all these other things meanwhile the big Jewish bankers that were getting run around by this because it was escaping the Federal reserve system more secretly setting up means to buy as much as they could. Because it's been the greatest transfer of wealth in the history of the country for truly low income low wealth people who got in early. We're probably nowhere near the final high of Bitcoin since pension funds and other things have just started investing in it and it's highly likely that every pension fund and investment fund in the world will need to own a good percentage of their funds in Bitcoin because without it they will not perform well and their customers will demand it. The last high price for the last cycle of Bitcoin was $60,000. We're just now approaching that so that's really the starting point. Usually the next high is between 4:00 and 10 times the previous high.

Typically after the news media and everybody is covered in and every person who wants to get in at the last minute at the height of the the cycle starts mortgaging their home to throw it into Bitcoin that's typically the peak. After the it typically falls. You don't want to buy at the peak. You can't buy at the bottom because the bottom happened at 15,000. We're now at 57,000.

If you don't really understand Bitcoin I want to get into financial analysis of it I recommend looking for YouTube videos with a guy named Michael saylor Or Max Keiser. They've been talking about it for years they've been invested in it for years they understand the distributions of assets that the world has and what draws large investments to different investment assets and they understand the concepts of scarcity and money transfer and all the other aspects of this and they will give you a good Financial and money philosophy background in what Bitcoin is as money and why it's better than other forms of money and why it's better than gold and other kinds of limited scarcity reserves that people typically have run to.

The following is a logarithmic price chart of Bitcoin with the halvening cycles marked
Please note this is a logarithmic price scale with the prices on the right hand side. This means every little tick mark is a 10x increase in price. It is not a linear increase in price it is a 10x increase in price.
https://bitcoinblockhalf.com/images/bitcoin-halving-chart.png

The following article explains what it is
https://bitcoinblockhalf.com


One good thing about Bitcoin is it is not dependent on earnings of a company or management of a company. It exists and grows in investment value because it's a scarce resource that no one can hack. Even the supply of gold can be increased as its price goes up. As the price of gold goes up more gold miners go out and it's profitable for them to mine more gold. This does not happen in bitcoin. In Bitcoin every 4 years the new supply mathematically programmatically and unhackably is reduced by half. This is why Bitcoin has outperformed gold as a scarcity reserve of wealth by thousands and thousands of times.


Don't think you've quote missed it. Don't think if only I had gotten in early. It's still very early. People who bought Bitcoin at one penny so sold at a dollar because they thought that was maybe the top. People who bought five at $5 sold it $50 or $100 because they thought maybe that was the top. People who bought it 100 sold it a thousand because they thought oh surely that's the top it won't go higher than an ounce of gold. Then Bitcoin easily sell past the price of an ounce of gold. In Bitcoin went to $10,000 and some people sold. Then it went to 20 and people sold. Then it went to 60 and people sold. Listen Bitcoin hasn't even approached the total market cap of gold yet and gold is a relatively minor investment pool in the big money scheme of the world. If Bitcoin just equals gold in market cap one Bitcoin will be over $300,000 each. Most people who've studied it expect Bitcoin to far exceed the market cap of gold. They expect every major pension fund and every other asset allocation fund to own a substantial percentage of their assets as Bitcoin as the true scarce resource that's infinitely tradable in the world. If that happens this means Bitcoin will be over a million dollars and there have been large investment advisors saying that in 30 years it may be worth a billion dollars. So do yourself a favor and if you've got $10 or $100 or something throw some in there. But don't buy it and then jump around every time the price jumps around and get scared and sell it and don't mortgage your house to buy it and don't go into debt to buy it. Bitcoin does go up and down but it always goes up up up up and then it only goes down partly of what it's gone up. That's been the history anyway

Now here's the normal disclaimer this is not Financial advice I can't read the future no one can something could happen that could cause Bitcoin to crash to absolute zero but it hasn't happened in the last 10 years and certainly people have tried and every major bank and every major finance Company Black Rock everybody else is all investing in it now so hey you know the world could end tomorrow too. A meteor could hit and everything could die. Yep of course that's true. Make your own Financial decisions.