GAME OVER: Bitcoin ETF Approved (What This Means)

Published: 2024-01-12
Status: Analyzed

Predictions from this Video

Total: 6
Correct: 3
Incorrect: 0
Pending: 3
Prediction
Topic
Status
Bitcoin price to reach $100,000-$150,000 by end of 2024, and $500,000 by end of 2029.
"Tommy Lee says that because of this ETF approval it could get Bitcoin in the six figure range just this year and in 5 years it could get to half a million dollar per Bitcoin"
BTC
Correct
Bitcoin price to reach $1,000,000 by end of 2030.
"From 46,000 where it's at today to 1 million in 6 years is a kager or compound anal growth rate of 67% which is actually in line with the same theory of diminishing returns"
BTC
Pending
Bitcoin price to quadruple in 7 years.
"Bitcoin's price 4X in about 7 years"
BTC
Pending
Bitcoin price to increase 10x to 20x in the next 6 years.
"that 10x multiplier or 20x if you're Kathy Woods could actually be reasonable in the next 6 years"
BTC
Pending
Bitcoin's supply flow will become less than gold's in 2024, making it rarer.
"since Bitcoin Supply is having in 2024 its flow will become less than gold so Bitcoin will become more rare than gold by its rate of production"
BTC
Correct
Spot Bitcoin ETFs will create a supply and demand shock, leading to positive price movement for Bitcoin.
"a spot Bitcoin ETF actually removes Bitcoin out of the circulating supply of which already 70% doesn't want to be moved or sold so in theory we should see a supply and demand shock on both sides of the equation which means really good things for bitcoin's price"
BTC
Correct