BREAKING: Prediction markets are now pricing in a 38% chance that we will see Bitcoin to $100,000+ THIS YEAR.
Since the election, the odds of Bitcoin hitting $100,000 in 2024 have skyrocketed from 8% to 38%, according to Kalshi. .There is also a 49% chance of Bitcoin hitting $90,000+ by the end of this year. Source: The Kobeissi Letter
BREAKING: The market cap of Bitcoin is now officially larger than the market cap of silver, at $1.736 trillion.
Bitcoin is now the 8th largest asset in the world. Source: The Kobeissi Letter
Bitcoin balance on exchanges just hit an all-time low.
Is a supply shock incoming??? Source: Vivek @Vivek4real_
A VERY IMPORTANT CHART: Bitcoin vs. global M2 ->
One month later, it's tick for tick.. It seems it could be going much higher... Source: zerohedge.com, Bloomberg
YTD
Bitcoin +106% Gold +27% Source: Mike Zaccardi, CFA, CMT, MBA
🔸Senator Lummis has put forward a bill for the U.S. Govt to buy 200,000 hashtag#Bitcoin per year over 5 years for a total of 1,000,000 $BTC
At today's price that would be worth $87 BILLION Source: Bitcoin Archive
The YOLO crowd is back.
Retail investors were clearly in the driver's seat today, with Bitcoin-sensitive names finishing +19.7% and Goldman Sachs Meme Basket (GSXUMEME Index) closing +7%! Source: Bloomberg, HolgerZ
FUN FACT: 14 years ago today, you could buy 1 Bitcoin for $0.50
Source: The Bitcoin Historian
