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In 46 yrs trading, I've never seen a more exciting market with a similar narrative
Orange Pill Podcast @orangepillpod"Holy shit, we're fucked" - @dickerson_des on today's ORANGE PILL PODCAST 🍊💊🎙️ https://t.co/7s1wSWNDEP https://t.co/OwUsbfQ3ig
If bitcoin’s market value reached the size of the U.S. Treasury market, for example, its price would reach $1.5 million.
I believe that a $1 billion bitcoin purchase resulted in at least a $25 billion increase in its total market value, or about $1,300 per bitcoin. I’m saying the $3.5 billion total purchased by MicroStrategy and Tesla over the past three months directly increased the bitcoin price by $5,000 of the $30,000 total increase over that time.
A $3.5 billion purchase triggered an explosion of $30,000. Imagine what a $10 billion purchase from Apple would unleash. Imagine the chain reaction from a $100 billion purchase by the Bank of Japan in a new quantitative easing program.