NFA Live: Bitcoin in 2024

"...LPL Financial... wanted to wait and see how the appetite was... before they looked at allowing the ETFs and brokerage onto their platform and this is a really good entry point... I do think this has restored a lot of confidence within the tradire institutional space um and it's going to be interesting to see how the next few few months play play out"

"it's not going to be the kind of thing that will'll get the new retail investors that will only come through after typically it's 12 to 18 months after is when we really see the price gains on the back of that"

"but I'm not underestimating the power of Black Rock in this one and their appetite based on the positive inflows that they've seen for Bitcoin so far yeah I mean it seems like it should eventually be approved"

"I I think Bitcoin dominance is bullish surprise surprise... I I think it will break above 54...I think it's probably going to go you know first to 56% and then theoretically all the way up to the elusive 60% level which is where I think it could um actually top out at around 60% dominance"

"I wouldn't be surprised if we do see a retracement at some point in the next kind of six to 12 months slightly or a correction based on what we've seen"

"I almost wonder if if something like that could happen again where you get sort of your first Peak um you know around the the the having and all that stuff and you cool off for a little bit and then you get another Peak I don't know out in 2025"

"that is the blowoff top Bull Run and that's that's coming and it's it could be 12 months it could be 18 months but it's coming and you have to be prepared for that"

"I do think the I the AI boom and like kind of price bubble will last a little bit longer over a time span just because the developments within AI projects and platforms do take so long to come through you've still got a few years for all the Innovative AI companies to put things into fruition and then a few more years for the average person to really get on board and adopt them so the kind of the life cycle of those compared to a crypto narrative might be longer"

"I do think moving on to this year 2024 AI tokens are definitely going to have a longer narrative"

"moving into 2024 25 was going to be you know three-fold which would be web 3 gaming Ai and Dees and then of course the fourth one I see it as deepin decentralized physical infrastructure networks"

"I do think this year could be different so we have already seen altcoins that have hit new alltime highs... and now moving into this cycle where Bitcoin is starting to lead the pack on price gains we are starting to see a little bit more of a Level Playing Field"

"JP Morgan also said 50% likelihood by the end of this year"

"one of the guys who actually called the last cycle he said no Bitcoin will be between 15 100,000 and this this is the data and and he's uh been been right so far not and he's you know he's been on some reasonable councils now he's saying 200,000 to 600,000"

"I think it will break above 54 um I you know I think after after it can clear that 54 Milestone and get some weekly closes I think the highest weekly close for Bitcoin dominance at least this cycle was about 54 35% or so is that right yeah 54. 35% so I think it needs to clear that um and then it should get it should get another push higher yeah I mean I think it's probably going to go you know first to 56% and then theoretically all the way up to the elusive 60% level which is where I think it could um actually top out at around 60% dominance"

"I think Bitcoin will outperform the collective altcoin Market but hey there's always some out there's always even when dominance goes up there's always some altcoins that outperformed"

"1.6 billion isn't too bad it just going to be a little bit of a price action I think we can absorb that quite easily"

"it's not going to be the kind of thing that will'll get the new retail investors that will only come through after typically it's 12 to 18 months after is when we really see the price gains on the back of that"

"I do think the I the AI boom and like kind of price bubble will last a little bit longer over a time span just because the developments within AI projects and platforms do take so long to come through you've still got a few years for all the Innovative AI companies to put things into fruition and then a few more years for the average person to really get on board and adopt them so the kind of the life cycle of those compared to a crypto narrative might be longer so it's kind of it's a little bit harder to determine but one thing I would say is it's definitely more accessible for retail investors to get involved involved in AI tokens and tokens that have a sub AI narrative... but I do think moving on to this year 2024 AI tokens are definitely going to have a longer narrative"

"he was saying that it would be in his eyes something that has AI in the buzzword something that everyone says you know what this is going to change how we work how everything operates everyone has to get involved so he's also betting on the narrative as being something that people will throw money into"

"a lot of these projects are going to do great in the bull run and uh hopefully you can understand that if you if you write them up make sure you take profits along the way because when you ride down you'll be like everybody else"

"The narrative was you know moving into 2024 25 was going to be you know three-fold which would be web 3 gaming Ai and Dees and then of course the fourth one I see it as deepin decentralized physical infrastructure networks right"

"I wouldn't be surprised if we do see a retracement at some point in the next kind of six to 12 months slightly or a correction based on what we've seen"

"as we get into the Mania that is the blowoff top Bull Run and that's that's coming and it's it could be 12 months it could be 18 months but it's coming and you have to be prepared for that"