Only a matter of time now.
MSTR will get the S&P 500 listing, and when they do volatility is going to be off the charts. Something tells me this could happen quite soon and will signal the beginning of a massive rally for both Bitcoin and the previously unknown company Microstrategy. Michael Saylor was right: the Bitcoin Standard works.
A need-to-know asset
People who don't need Bitcoin tend it ignore it to their own detriment. Any one of us could have afforded to buy thousands of BTC in the early days (or mined it for free), with the first transaction being 10k BTC for 2 pizzas, but we didn't. Some will say they didn't do it because they didn't know about it. But I can all but guarantee that they weren't looking for it and if they did know about it they would have ignored it (just like I did). Only when it proved itself by mooning multiple times did people like me finally start taking it seriously. And it still has a long way to go still before the rest of the world gets on board with crypto as a whole.
The chart is quite the sight for sore eyes.
We can clearly see that the current spot price is consolidating and quickly approaching the peak of the DOT COM bubble pump/dump. Even more interesting is that we can see their stock price was higher at the very bottom of the 2022 bear market ($16k) than it was before they adopted the Bitcoin Standard. Think about how impressive that is. Remember how many people were calling for BTC to drop to $4k and liquidate the entire company? Didn't work out like that, did it? MSTR has NEVER regretted their decision even when they were deep in the red and morale was at the lows. Now they are in the green and it's blue sky from here on out.
Will Saylor be the first trillionaire?
I've been saying for a couple years that this is a real possibility. Saylor and MSTR are evolving from background noise to first string. At a certain point what they've done and the stand for can not be ignored. Money talks and bullshit walks.
MSTR getting listed on the S&P 500 is a boon to the entire industry. There are a lot of institutions out there and regular Joe's who invest in this index fund as a blind diversity play. It's a solid investment from multiple standpoints. When MSTR makes the list money is going to indirectly pour into BTC, and suddenly all the index investors get a tiny bit of exposure to it. Usually such a small amount of exposure would not matter, but the exponential nature of Bitcoin ensures that only tiny amounts are necessary to make a big difference, especially over long time periods (or particularly volatile ones like we are expecting in 2025).
TA
Bitcoin finds itself in a madly bullish position at the moment. Sure, the price is still in the crab-walking channel, but it also appears as though the local bottom of the consolidation is already in. All we have to do is get past September and end Q3 before the real fireworks occur. We very well may never hit $58k again after this consolidation, and if we do it will be short lived. 99% of crypto users are not ready for how bullish 2025 is. It's going to make 2021 look like the joke that it was.
Already the current spot price consolidates above the key moving averages, further ensuring the hyper-bullish glancing-blow death/golden crosses between longer moving averages like the 100 day and 200 day lines (light green and dark green). Judging by the angles it's going to need about 4 weeks to glance: which is exactly what we saw in October of last year when price was $28k.
$100k will be sudden and anticlimatic.
Seeing as we've solidified this stable base at $58k that means it's less than an x2 to $100k. $100k is going to be very easy to hit and I wouldn't be surprised to far surpass it by the end of the year. Laser eyes till fiat dies: they'll say. Them Bitcoiners love those laser eyes. Will their be victory dumping? Probably... but it will only last a couple of days. Trade at your own risk.
Institutions are accumulating like mad.
Blackrock is expanding their influence at an absurd rate.
Fidelity as well.
Miners have stopped selling their tokens.
CZ is out of jail and Binance hired 200 compliance officers.
There's a massive supply shock but the price does not reflect it yet.
I doubt anyone who reads this is sidelined but... don't be sidelined.
BTC is a sure bet at this price in this environment.
Of course I'd rather acquire more Hive but such things are more risky.
Speaking of Hive my next post will probably be about how the CEO of Telegram was arrested for essentially providing a free speech platform... so that's fun.
Conclusion
The downward trend on Bitcoin still hasn't been broken but the bedrock support levels have proven themselves more than once now. All of my price targets have been hit right around when I thought they would be. It's time to get bullish again... in 4 weeks. September is crap.
Will Saylor be a trillionaire? Will MSTR get that index listing? It's only a matter of time, and the timing of these events seem to all line up perfectly as of late. I'll continue to expect perfect timing. This means that MSTR would get added to the index around the end of the year, ushering us into 2025 and a year-long mega run. The same run that's been predicted all this time. Time is a flat circle.