Damus

Recent Notes

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How to estimate BTC demand from a US ETF approval?

Canadian ETFs hold roughly 50k BTC. US likely between 10-15x+ Canadas size.

US ETF likely to see demand between 500k and 750k bitcoin.
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Hong Kong will open up Bitcoin investing to retail next week. Let’s keep an eye 👀
note1e5ahm...
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$1M+ BTC in the next cycle is very possible, here’s how:

- SEC approves Bitcoin ETFs unlocking the asset class to millions of HNW investors
- FASB adopts fair value accounting encouraging companies to put bitcoin on their balance sheet
- RFK Jr. wins the election and begins backing USTs with Bitcoin
- Russia publicly announces they are actively mining Bitcoin igniting the hash race
- Success of El Salvador encourages multiple nation states to adopt as legal tender