Interest is starting to pick up and while I feel it is premature though
with the btc halving still 8 months away probably more and the FED willing to raise interest rates through the end of the year the real fireworks are going to start next year. If the big institutional players are going to enter on a large scale they will use everything in their power to drive the market lower so as to pack their coffers as cheaply as possible Things are starting to happen this month as the US gov't begins to stick its nose in and manipulate the market
Ripple Labs to Buy Back 10 Billion
$XRP from its Circulating Suppl
Blackrock have $10.2 Trillion
Gold market cap $12.8 Trillion
Global equity market $108 Trillion
( in 2021 it hit $122 trillion )
Bitcoin market cap is $593 billion
Even if Bitcoin gets $5 Trillion
You are looking at $300,000 BTC
This seems outrageously optimistic at the moment but the possibilities are titillating
Still it isn't too early to start preparing for possibly the last truly explosive crypto cycle before the market stabilizes and becomes a more mainstream asset
Part 1 Have to start with the grand daddy of them all
Bitcoin ($BTC)
Santander Bank, a Spanish banking giant, has initiated a 'Digital Assets 101' educational series on its website to educate investors about digital assets' fundamentals, benefits, and implications, starting with Bitcoin. This move marks a significant shift in the bank's stance towards cryptocurrencies following its decision to limit Bitcoin payments in 2022. The educational series includes lessons on Bitcoin's Lightning Network protocol, highlighting its ability to support high volumes of instantaneous micropayments and millions of transactions per second. This change in approach coincides with an increased interest in cryptocurrencies from large mainstream institutions, many of which are seeking to offer their clients access to crypto assets without direct exposure through Bitcoin ETFs. Among these firms are BlackRock, Valkyrie, Invesco, WisdomTree, and Bitwise, all of which have recently filed or re-filed for a spot Bitcoin ETF—massive adoption news for Bitcoin and massive news for the space.
Key Focus Areas:
Santander Bank's shift in stance towards cryptocurrencies was demonstrated by the launch of their 'Digital Assets 101' educational series.
The bank focuses on educating investors about Bitcoin and its Lightning Network protocol.
The increased interest in cryptocurrencies from large mainstream institutions and their efforts to offer clients access to crypto assets through Bitcoin ETFs.
As a result of the recent influx of Bitcoin ETF applications, including BlackRock’s spot Bitcoin ETF, demand for BTC has suddenly skyrocketed, causing an extremely bullish continuation pattern to appear on the Bitcoin 4-hour chart.
Looking at the chart below, you can see that Bitcoin has just broken out of a bullish pennant pattern. To measure the movement of a bullish pennant breakout, you take the length of the flagpole, then add it to the breakout point, leaving us with a short-term price target of $34k if the pattern plays out to completion.