Bitcoin is trading at $97,000 this morning, very close to $100k.
It is now the 7th largest asset in the world in terms of market cap, and could climb to #5 very soon. Meanwhile, the vast majority of individuals, pension funds and other institutional investors do not have any exposure to this asset. Where will the price go if they start to jump in?
Tyrone Ross, 401 Financial CEO:
“There is a frustration that the advisors typically cannot discuss [Bitcoin] with clients. They can't bring it up. They're admonished not to say anything at all, and they are embarrassed by that. It just makes them look silly.” Source: Bitcoin News BitcoinNewsCom
As always...
$BTC Source: Barchart
👇 👇 👇
Source: Bitcoin Archive
🚨BREAKING: Bitcoin surpasses the Great British Pound (GBT) to become the 5th largest currency in the world 🌎!
Source: BrianDeMint
MicroStrategy added 51,780 BTC last week!!! ($4.6B equivalent).
It's a figure twice the global BTC ETP inflow over the past week of 25,993 BTC. Source: K33 research, @VetleLunde
62 public companies now have a bitcoin treasury strategy.
Private companies are estimated in the thousands. Source: River
Here's an update on the Bitcoin daily stock-to-flow model vs. current $BTC price.
Find out more in the blog we published in March 2024: "What is bitcoin's target price?" >>> https://lnkd.in/ecaqzTyg
