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🥇 The current BTC price is the average purchase price of the Spot #Bitcoin ETF buyers, ~$57K to ~$58K. #altcoins #BlackRock #MicroStrategy #eth‬ #buythedip

🥇 The current BTC price is the average purchase price of the Spot #Bitcoin ETF buyers, ~$57K to ~$58K.

#altcoins #BlackRock #MicroStrategy #eth‬ #buythedip

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You aren't nearly bullish enough on spot #Bitcoin  Yes the ETF hype has died down. And as BTC stagnates at ~$70K, you might think you missed the boat. But there's one thing that almost everyone is missing about Bitcoin: Bitcoin isn't just another risk asset. It's uniquely suited to be a neutral reserve asset for corporations, nation states, and investment funds. We're seeing early signs of this idea taking hold... But we're still at the very beginning of the adoption phase. The bulk of gains for Bitcoin still lie ahead. What will one Bitcoin be worth when every corporation, nation state, and investment fund has adopted Bitcoin as a primary reserve asset? The key insight is that Bitcoin will replace sovereign debt as the primary holding on balance sheets. Sure NVDA has outperformed Bitcoin in recent years, but corporations can't stack Nvidia stock as a replacement for US treasuries. But they can stack Bitcoin. And it's starting to happen. Slowly at first, but then all at once as the competitive edge that stacking BTC gives you becomes too obvious to ignore. Michael Saylor has turned a middling software enterprise into one of the best performing equities in the world by pursuing a brilliant Bitcoin treasury strategy. Other corporations have noticed. Now MetaPlanet in Japan and Semler Scientific in the US are getting in on the action. Both have already benefited from the move. But where will this all lead? Eventually all corporations will be pouring their fiat profits into a Bitcoin treasury. Why? Because every company that fails to do so will underperform those who do. It's a simple idea: Turn infinite fiat into finite #Bitcoin  Turn temporary success into a permanent endowment that gains purchasing power instead of losing it. It's a powerful idea that works on an individual level, a corporate level, and on a nation state level. #Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved #FIT21
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