It is clear that the price of Bitcoin is being suppressed in the same way as gold.
The first, and most obvious, clue was that non-physically settled Bitcoin futures would be approved even before an ETF.
Just like gold, the price of Bitcoin will only rise when there is a significant imbalance between supply and demand; in the meantime, the price will be suppressed time and time again.
If the price of Bitcoin rises too much, no one will want fiat currency; the same is true for gold, which took decades to rise as nations like China accumulated gold nonstop.
This also debunks the HODL narrative; many will be disappointed by the price in the coming years.
The solution? Use Bitcoin as a currency; that is what will most encourage its use and create an imbalance between supply and demand.
The first, and most obvious, clue was that non-physically settled Bitcoin futures would be approved even before an ETF.
Just like gold, the price of Bitcoin will only rise when there is a significant imbalance between supply and demand; in the meantime, the price will be suppressed time and time again.
If the price of Bitcoin rises too much, no one will want fiat currency; the same is true for gold, which took decades to rise as nations like China accumulated gold nonstop.
This also debunks the HODL narrative; many will be disappointed by the price in the coming years.
The solution? Use Bitcoin as a currency; that is what will most encourage its use and create an imbalance between supply and demand.
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