🚨 RUMOR:
Institutions are pushing Bitcoin prices lower so they can scoop it up at a cheaper rate before the Transparency Act gets SIGNED INTO LAW.
We've seen this playbook before.
Back in August 2022, BlackRock filed for a private Bitcoin trust, and Bitcoin subsequently dropped around -36% before finding a bottom.
In June 2023, BlackRock filed for the first spot Bitcoin ETF, and then Bitcoin skyrocketed 95%.
By January 2024, when spot ETFs get approved, Bitcoin could hit a new high of $126,000.
Insider institutions are repeating the same strategy with the Transparency Act narrative.#btc
Institutions are pushing Bitcoin prices lower so they can scoop it up at a cheaper rate before the Transparency Act gets SIGNED INTO LAW.
We've seen this playbook before.
Back in August 2022, BlackRock filed for a private Bitcoin trust, and Bitcoin subsequently dropped around -36% before finding a bottom.
In June 2023, BlackRock filed for the first spot Bitcoin ETF, and then Bitcoin skyrocketed 95%.
By January 2024, when spot ETFs get approved, Bitcoin could hit a new high of $126,000.
Insider institutions are repeating the same strategy with the Transparency Act narrative.#btc
