Rinzler Cap

Trading crypto is easy. You only have to endure extreme volatility, survive scams, protect the downside, take profits, but let winners run, work around the clock, do the opposite of what your emotions tell you to do, withstand enormous pain, and explain to your wife why you’re betting your savings on a dog coin.

I’ve been relentlessly training in the gym. Mentally preparing. Reading my Bible. This isn’t a shock to pigeon. I do not feel “happy” Bitcoin hit 87k. Don’t need to do any victory laps. Don’t need to say much. Except this. BITCOIN IS WAY HIGHER.

There's a 65% chance of a US strategic reserve for Bitcoin and you can still buy it for under $70K

July time to shine... this will be the last period you get to buy BTC below the yearly VWAP

The yearly vwap kiss, RIA and sov flow on the way going to be an up summer

blood in the streets... the FINK army is on the way... it's time for UP

the FINK EFFECT trademark copyright u know the drill

Welcome to a new paradigm. Bitcoin Electrical Cost is now a whopping $77.4K. This is the raw electricity cost to power the network, per Bitcoin mined. Bitcoin Miner Price hit $244K on Saturday! This is the block reward + fees per Bitcoin mined. It boomed as transaction fees hit $230+ (about 4X the prior ATH of $68 set in 2021). This means Bitcoin is trading at a DEEP DISCOUNT. Price under Electrical Cost typically lasts just a couple days every 4 years. This means 1 of 3 things happens now: 1) Price skyrockets 2) ~15% of miners shut down 3) Transaction fees remain a lot higher on average Expecting a bit of all three. Bitcoin's days under $100K are numbered.

Sitting on your hands and waiting for the optimal time to strike is one of the hardest parts of this business.

when boomers buy btc etf they don’t see triple top, they see up only lesson in here

Gold versus #Bitcoin: It took the iShares Bitcoin ETF, $IBIT, 8 weeks to hit $15 billion in assets under management. By comparison, it took the Gold ETF, $GLD, 3 years to hit $15 billion in assets under management, per Zerohedge. Meanwhile, the two largest Bitcoin ETFs, $IBIT and $FBTC, held 330,000 BTC as of March 13th. This is over five times what gold miners added since inception. Bitcoin ETF net inflows have now topped $11 billion since inception. #Bitcoin is bigger than ever.

Day 3 of 20 on the road talking to financial advisors and family offices about bitcoin. Some initial take-aways: 1) I am no longer surprised at the size of the inflows into the bitcoin ETFs. The demand is widespread and strong, and will persist for a while. Interest is very high among professional investors. 2) Platforms continue to work fast to complete their due diligence on the new ETFs. Most will complete the process within the next two months, if they haven't already. 3) Some - but not all - of the classic FUD points have disappeared. For example: a) People no longer ask about criminal use, Tether, FTX, Binance, or the government banning bitcoin; b) Concerns about environmental impact are fading but still exist; c) Questions about how to value bitcoin given its lack of cash flows persist. 4) One common theme in conversations (which is new compared to past trips) is a visceral concern about rising US debt levels. Many advisors have clients who are worried about the US fiscal situation, and are using bitcoin as a release valve for that concern. I think the elections may be a catalyst to bring this concern to the forefront of people's minds. Will share more notes in a few days.

@econoar if the fee's are so cheap isn't this bad for token price

TradFi doesn’t hate #Bitcoin, TradFi looks for ways to clip the ticket, risk free. That’s now in place… BTC will be shilled to all investors. 1 billion people will hold it by 2025

Betting against Larry Fink and Bitcoin right now is like trying to win a thumb war against Thanos twitter.com/screentimes/st…

You don't need to "understand Bitcoin". You just need to understand that it's going up.

I see a period in this cycle where there are many memecoins at multi billion-dollar market caps.

the FINK said higher

Another monster ETF day. Over half-a-billy in IBIT alone. We now have a new reflexivity wheel at play. The more Bitcoin goes up, the more tradfi asset managers have to allocate to the ETFs, because they now no longer have the excuse of 'inaccessibility' and 'regulatory risk'. For the foreseeable future this is a massive flywheel for managers to hedge against underperformance risk and means number is going a lot higher.