Bitcoin remains on track for $100,000 by year end of 2024 according to Standard Chartered Now before we get into their rhyme and their reasoning, I want to ask you all this: do you think Bitcoin will hit 100K by the end of 2024 and if you don't, do you think Bitcoin will hit 100K at any point in time Or are you basically just saying like actually no, it's never going to get there or you more of like yeah I see 100K but maybe not necessarily in the next calendar year type of a deal. Things are going as expected according to the Standard Chartered Bank Reiterating its April forecast that Bitcoin would reach 100K by the end of 2024. The new Catalyst wrote the banks Jeff Kendrick and team will be the approvals of several Us-based spot Bitcoin ETFs which they expect are likely to come sooner than expected. So right now there's many companies vying for this and if you've been paying attention to what's going on with Gary Gensler the SEC and all the judge rulings, it basically sounds like yes, we are going to be getting a spot Bitcoin ETF most likely right after that and Ethereum one will quickly follow.

but I mean the names like Arch invest Black Rock Fidelity Grayscale. These companies are all in the running for a spot Bitcoin ETF And why it's so important is because not only do you have regulatory clarity now, but on top of that, think about just the total money in retirement accounts in the US We're talking trillions of dollars 10 11 trillion. So this is now a way for them to easily invest directly in. Bitcoin We already have Bitcoin Futures ETFs but that's cash settled that's not physically settled as in it's not The Real McCoy as in when you put money into that ETF you're not buying Bitcoin you're buying Bitcoin Futures Now with a spot Bitcoin ETF if they put money into those ETFs those ETFs are literally buying Bitcoin So not only is it the regulatory Clarity but now we're getting more Highway onramps for Wall Street And like legitimate some of money to get into the world of crypto specifically Bitcoin That's why it's a big deal.

We think a number of spot ETFs will be approved in Q1 of 20124 for both BTC and Eth Paving the way for institutional investment. The Twe also reminded that the next Bitcoin having a mechanism to limit the supply and currently expected to take place in April of 2024 will be another source of price. Upside put simply, everything is working as expected. Btc's dominant remains intact.

It shares of overall digital assets market cap has increased from 50% from 45 in April so slightly going up with Bitcoin I Know right now there's a lot of excitement in Ethereum. There's a lot of excitement in Salana. I own all of them. but I Just want to let you know most of my money is in Bitcoin I Don't actively trade crypto I'm kind of sitting on it and hoping it really plays out in the long run.

I Think there is a chance for multiple winners I hope I'm in the multiple winners. So it's interesting to see at first a decade ago Wall Street didn't care about this at all. All analysts thought it was a joke and now we have legitimate mainstream media. We have legitimate Wall Street Funds We have legitimate legal battles all surrounding the world of crypto, and at this point in time, for posterity sake, we're talking about this.

In late 2023, it had gone up to 69k, came all the way down to about 15K and now we're talking about a potential rally all the way back up to 100K Obviously, if this happens and I'm not guaranteeing that it will I hope it does because I'm invested in it myself. and I think there's a lot of enthusiasm around this, but if it happens, I think there's just going to be, uh, more citement than we could even imagine relative to the crypto excitement in 2021. but obviously time will tell. so Bitcoin looking very, very good and I kind of just break it down on the weekly since I am invested in it.

I think at a certain point there's going to be a pullback into the EMA Cloud But at this point, what I would love to see is this test of 41k somewhere between 40 and 41k. That would be my next major resistance where I'm like, okay, maybe a bit of a Bree either and if it somehow just rips past that, well then I'm looking all the way up here at 48k.