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Bullish
THE KING $BTC TO $𝟓𝟎𝟎,𝟎𝟎𝟎 BY 2030 🚀 A lot of people are expecting a spot #Bitcoin approval by 2024 for . Given that BlackRock and other big hedge funds have applied for them and they have a high ETF approval rate. Some people are also comparing #BitcoinETF approval to Gold, which pushed Gold to a new ALL TIME HIGH and beyond. So let's do some math and see what happen if the Bitcoin ETF gets approved and BTC follows the same path as gold follows. The first gold spot ETF in the US 🇺🇲 was approved in November 2004, when gold was trading at $420 per ounce. The market cap of gold in 2004 was around $2.16 Trillion. In September 2011 gold peaked at $1900/ounce, and its Market Cap at the time was around $10.5 Trillion🔥 These are approximate numbers, as the exact total supply of gold is unknown, unlike BTC. Now, let's compare this with Bitcoin and see what will happen to the #BTC price if it hits the $10.5 trillion MCap. Current MCap of BITCOIN: $518B #Price: $26,700 To hit the $10.5T MCap 🔥 $BTC needs to go up by 20.2X, which will send its price to 541,216 💵 One thing to note here is that when Gold ETF was approved, its Market Cap was already $2.1 Trillion, while Bitcoin's Marker Cap is $517 Billion. But given the growth potential of $BTC it's possible that BTC can hit $500k by 2030 And we could even see a bull market that will not be a typical 4-year cycle but a supercycle that could last more than 6-7 years. This prediction is completely data-based. #NFA #DYOR
THE KING
$BTC
TO $𝟓𝟎𝟎,𝟎𝟎𝟎 BY 2030 🚀
A lot of people are expecting a spot #Bitcoin approval by 2024 for .
Given that BlackRock and other big hedge funds have applied for them and they have a high ETF approval rate.
Some people are also comparing #BitcoinETF approval to Gold, which pushed Gold to a new ALL TIME HIGH and beyond.
So let's do some math and see what happen if the Bitcoin ETF gets approved and BTC follows the same path as gold follows.
The first gold spot ETF in the US 🇺🇲 was approved in November 2004, when gold was trading at $420 per ounce.
The market cap of gold in 2004 was around $2.16 Trillion.
In September 2011 gold peaked at $1900/ounce, and its Market Cap at the time was around $10.5 Trillion🔥
These are approximate numbers, as the exact total supply of gold is unknown, unlike BTC.
Now, let's compare this with Bitcoin and see what will happen to the #BTC price if it hits the $10.5 trillion MCap.
Current MCap of BITCOIN: $518B
#Price: $26,700
To hit the $10.5T MCap
🔥
$BTC
needs to go up by 20.2X, which will send its price to 541,216 💵
One thing to note here is that when Gold ETF was approved, its Market Cap was already $2.1 Trillion, while Bitcoin's Marker Cap is $517 Billion.
But given the growth potential of
$BTC
it's possible that BTC can hit $500k by 2030
And we could even see a bull market that will not be a typical 4-year cycle but a supercycle that could last more than 6-7 years.
This prediction is completely data-based.
#NFA #DYOR
BTC
+1.01%
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#usjulyjobsunexpectedlyfall — The Labor Market Just Gave the Fed a Curveball U.S. employers shed 23,000 jobs in July — the first monthly decline since February — versus +80K expected. And the revision knife cut deeper: May and June were revised down by a combined 103,000 jobs . Economists called it a "massive surprise." 🔍 What's underneath the surface Unemployment fell to 4.1% (from 4.2%) — but for the wrong reason: labor force participation kept sliding (61.4%), meaning fewer people are even looking for work. It's the lowest jobless rate in two years, yet it's a "soft" print, per Fed mouthpiece Nick Timiraos. The breakdown matters: private sector actually added +30K jobs; the entire net decline came from government (-53K, mostly local education seasonal noise). So this is cooling, not collapse (Viral Patel's breakdown — personal take, for reference only).Wages +3.2% y/y — still sticky enough to keep inflation fears alive. 💥 Market reaction — risk-on, not risk-off This is the interesting part: bad jobs = good markets (rate-hike hopes fade). 💥Bitcoin ($BTC ) climbed back above $65K 💥Nasdaq futures +0.79% , S&P +0.39%, Dow +0.27% 💥10Y Treasury yield down to 4.627% ; DXY slipped to 99.67 ; gold ($XAU ) spiked ~$40 to $4,351 💥September hike odds collapsed from 57% → 44% ⏭️ The real pivot: CPI on Aug 12 Timiraos' read: this report is "hard to decipher" — it reduces the urgency for a September hike, but inflation is now the key variable . One moderate CPI print and the Fed can comfortably hold; a hot one and the "no hike" trade unwinds fast. Bottom line for traders: cooling labor + falling rates expectations = tailwind for risk assets (BTC, gold, tech). But the whole narrative hinges on next week's CPI — stay nimble. Informational purposes only — not financial advice. $CL #SpaceXMarketCapTops$1.613TPassingMeta #USSolarStocksRisePremarket #AlphabetPlansToIssue$25BBonds #GoldBreaksOutFromJanuaryDowntrend
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