It’s done, the worm is in the fruit. All American and Navarra investment funds will be able to invest in bitcoin.
History in progress
As expected, all ETFs were approved at the same time. The money will start flowing in when the US markets open this Thursday, January 11th.
This date is not the result of chance. 15 years ago today, Hal Finney posted this iconic message on Twitter:
History is in progress and nothing can stop it from now on, if some still doubt it. A new epic is coming for the great work of Satoshi Nakamoto.
If euphoria is in order, let’s not forget what bitcoin is or where it comes from.
Embraced by and for the masses, this technological breakthrough forged in cyberspace achieves perfect scarcity for the first time.
Decentralized to the four corners of the world, it is an eruption of uncensorable encrypted energy diffracting to the four corners of a world in geopolitical and inflationary turmoil.
After showing crass mistrust, the largest investment funds have finally recognized the evidence of this monetary singularity. But it’s not them who should be thanked.
Congratulations to those who protected the code. Those who carried the flame with memes, papers and podcasts. Those who undermined. Those who were able to resist the sirens of shitcoinerie. Those who want a fairer world.
Forever Laura
The bitcoiner is fighting for freedom, but let’s not be stupid. NGU… The arrival of ETFs is synonymous with reward for those who have held on against all odds.
The Standard Chartered bank believes that 50 to 100 billion dollars will be invested in bitcoin ETFs this year:
“If capital inflows materialize as we expect, we believe bitcoin could reach $100,000 by the end of 2024 and $200,000 by the end of 2025.”
The CEO of the miner Marathon is also counting on a “new historic record in 2024”. Fred Thiel also expects the Fed to relax its monetary policy at the end of next year, which should allow bitcoin to continue its rise in 2025.
Fundstrat CEO Tom Lee declared that “bitcoin could reach $150,000 in the next 12 months and $500,000 within 5 years”:
The CEO of Ark Invest (which launched a Bitcoin ETF) reiterates that the target is around $600,000 over the next two years.
Better yet, Cathie Wood estimates that bitcoin will reach $1.5 million by 2030.
“This is the first global, decentralized digital monetary system in history”she said.
We are about to see:
- 60 million millionaires
- 3,000 billionaires
- 5,000 pension funds
- 176 sovereign funds
- Nation states
- 8 billion people
…compete for the 1.8 million bitcoins still in circulation.
It seems that the days when we could accumulate sats cheaply are over. Perhaps we will soon regret that Gary Gensler did not make the pleasure last longer.
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