Let's talk about what in the world is going down with Digital Gold AKA BTC I'm talking about Bitcoin and it looks how right now we're getting some. AKA God Candles Now very quickly there is in the short term, a lot of excitement, a lot of bullishness, a lot of potential Fomo. but then if we go to more of the medium term, we have some now. New pretty interesting price.

Target Call outs Bitcoin ETF Flows could Propel BTC prices to 112,000 this year according to crypto Quant Fought Bitcoin ETFs have amassed more than 192,000 Bitcoin in Holdings as of Friday Since they're launched nearly a month ago, that's crazy black rock, over 4 billion of inflows we have Fidelity that's almost at 4 billion. and then there's a whole middle group there that they're on their way to pass one. 2 billion. We have a lot.

Almost $1 billion has come in right now. According to Anthony Pano you're having 900 Bitcoins being produced mined per day, but the demand side is 12 12 1/2 x that just to show you the imbalance of supply and demand Supply Way way low demand. very very high. What happens when you have that situation? Well, the equilibrium AKA where Supply meets demand.

That's the price. That's where price is set and it forces it to go up and up and up when you have so much more demand relative to supply. I Want you to know Bitcoin Trading just below 49,000 with a market cap just below 1 trillion. And in terms of the short term, this is the look right here as I'm filming this.

Bitcoin Literally just notched a new year-to-date high in the year 2024. We haven't hit 50,000 yet, but I wouldn't be surprised by the time you're watching this if we're at 50,000 Remember, the all-time high is actually 69,000 so we still have some room to go right now. This is a bit crazy I Was calling out this consolidation for a bit. We had the fake out breakout led to a fake out breakdown.

A recapture of the EMA Cloud Consolidation Consolidation consolidation. This is the textbook definition of bullishness and then guess what? after 2 weeks of consolidating, it went out. Absolute Rip City So if you are a short-term more of like a volatility based Trader I Hope you got a piece of it and hopefully fingers crossed that this keeps going for quite a while now, where could it go to according to crypto? Quant a potentially 112,000 Bitcoin could reach 112,000 this year driven by ETF inflows. worst case is 55,000 so their worst case is already about 10% higher than we are right now and that's the worst case.

So pretty interesting. but right here. uh, this is price prediction based on realized cap. uh, obviously ceiling floor.

this is talking all the way. potentially up to 112 and the minimum 55. So pretty interesting numbers. but then to get a better understanding of how uh, the analyst got here, Bitcoin Market has seen 9.5 billion in spot ETF inflows per month potentially boosting the realiz cap by $114 billion yearly even with the Gbtc outflows, A76 billion rise could Elevate the realize cap from 451 billion to about 550 billion historically Bitcoin Market bottoms occur at an Mvrv of 75 and tops at 3.9 with current spot ETF inflow 10s the top price could reach around 104 to 112,000 without hype maintaining the current level of 2.07 The price could be at 55 to 59.

Once again, that's more than 10% We are right here, but truly crazy right now. There is excitement, the short term. you can almost feel that energy. But when you take a step back and understand the long term of what's going on here and you learned about monetary policy and the devaluation of the dollar and inflation, it naturally makes sense that we're going to have something like this now.

I Think Bitcoin will be the winner. Obviously that's not a guarantee. your guess is as good as mine. Uh, but even if it is or it isn't, we obviously need something outside of the world of these.

Fiat currencies Bitcoin stronger ahead of having according to Grayscale spot Bitcoin ETFs have amassed more than 192,000 Bitcoin in Holdings as of Friday since they're launch nearly a month ago, so about 9.5 billion has been the current. As I'm saying this inflows to the spot Bitcoin ETFs But what's interesting with having which right now is roughly estimated to be about mid April I believe the most recent date I read was April 13th. What this means is as people are really securing The Ledger and they're solving a very complicated math problem to update The Ledger That's how it all works. It's a proof of work consensus mechanism.

The I Guess the goal of why you're doing it is to if you're the first one to solve it, the problem to update The Ledger which helps with the security and various other things you get paid in. Bitcoin. Well, as of April 13th that reward is getting cut in half. So as of now, 900 new Bitcoin are entering the world daily.

Well, as of mid April that's going to drop to 450 and then you fast forward another four years that's going to drop to 225. It just keeps getting cut in half and half and half. Hence why it's called the having. And if you look at the previous having Cycles and Bitcoin's price, it just.

it's a classic 4-year Trend and if the previous pattern tells us of where we're going right now in the next couple months next, really good portion of the year. uh, the Bulls definitely have a smile on their face I suppose is the best way to say that I mean this chart is crazy RI is going nuts Mara isn't the other one Hut Hut's even picking up coinbase was having a really good morning. Maybe fighting back a little bit. Would love to see a tag 150 Bitcoin itself right at 49 like it's just in the short term.

and I'm talking like a handful of days. The Bull's clearly clearly in control.