Why Elites Are Buying BTC?! BlackRock Bitcoin Report Tells It All!
Published: 2024-10-12
Status:
Available
|
Analyzed
Published: 2024-10-12
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
BlackRock acknowledges that the 21 million Bitcoin supply cap, projected to be reached around 2140, is not guaranteed to remain unchanged in the future.
"there is no guarantee that the current 21 million Supply cap for outstanding Bitcoin which is estimated to be reached by approximately the year 2140 will never be changed"
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Bitcoin has outperformed all major asset classes in 7 out of the last 10 years, achieving over 100% annualized returns.
"BTC has outperformed all major asset classes in seven of the last 10 years leading to a return of more than 100% annualized over this period"
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Bitcoin exhibits a low correlation with traditional assets like the S&P 500, averaging 0.2 over a 9-year period.
"BTC has historically shown a low correlation to other assets, with an average trailing six-month correlation of 0.2 with the S&P 500 over the last 9 years."
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Bitcoin's primary value for traditional investors is its low correlation with other major asset classes, positioning it as a unique portfolio diversifier.
"BTC's value to traditional investors lies in its weak correlation with other major asset classes, making it a unique diversifier."
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Bitcoin demonstrates superior performance compared to gold and the S&P 500 over both 10-day and 60-day periods following major geopolitical events.
"In aggregate, BTC outperforms over both 10-day and 60-day periods following major geopolitical events."
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During major macroeconomic shocks between 2020 and 2023, Bitcoin showed stronger short-term recovery (10-day returns >10% on 3 occasions) than the S&P 500 (never >7%) and gold (once >10%).
"On three occasions out of five major macro shocks from 2020-2023, BTC printed 10-day returns exceeding 10%, while the S&P 500 never exceeded 7% and gold only exceeded 10% once."
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Over 60-day periods following major macroeconomic shocks between 2020 and 2023, Bitcoin consistently delivered significant gains (15-131%), significantly outperforming the S&P 500 (one instance of 12%) and gold (one instance of 11%).
"For 60-day returns during five major macro shocks from 2020-2023, BTC was up between 15% and 131% on all occasions, whereas the S&P 500 only printed 12% once and gold returned 11% once."
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If a recession occurs, increased quantitative easing by central banks is expected to debase fiat currencies, potentially benefiting Bitcoin.
"In the event of a recession, central banks are likely to respond with quantitative easing, leading to fiat currency debasement, which is beneficial for Bitcoin."
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Factors such as global monetary instability, geopolitical issues, and political uncertainty are contributing to the adoption of Bitcoin.
"Concerns over global monetary instability, geopolitical disharmony, US fiscal sustainability, and political stability are drivers for Bitcoin's adoption."
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Rising national debt is making alternative reserve assets, like Bitcoin, more attractive as hedges against potential risks to the US dollar.
"Spiraling national debt is increasing the appeal of 'alternative reserve assets' as a potential hedge against possible future events affecting the US dollar."
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Bitcoin generated an 87,000x return between July 2010 and July 2024.
"From July 2010 to July 2024, Bitcoin provided 87,000x returns."
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Bitcoin typically experiences a sharp decline followed by a swift recovery and subsequent rally in response to macroeconomic shocks.
"Bitcoin usually dumps hard before quickly recovering and proceeding to rally following macroeconomic shocks."
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Bitcoin has demonstrated a pattern of dipping and then rallying following significant geopolitical events and financial crises, including the assassination of Qasem Soleimani, the COVID-19 pandemic, US election uncertainty, the Russia-Ukraine conflict, and the US regional banking crisis.
"The US assassinating Iran's top military commander, the global pandemic, US presidential election turmoil, Russia invading Ukraine, and the US regional banking crisis have all seen Bitcoin rally after initial dips."
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Bitcoin's demand is expected to rise if a recession is caused by a currency crisis stemming from excessive government debt.
"If a recession is triggered by currency crisis due to spiraling government debt, Bitcoin demand is likely to increase."
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