Bitcoin is the best macro asset of the decade | Smeet Bhatt posted on the topic | LinkedIn (2024)

BTC to Buffett & Munger: Who's the "Rat Poison" Now?Bitcoin reached a major milestone this week by flipping financial giants Berkshire Hathaway (767 bn), Meta (816 bn), and Tesla (750 bn) in market cap, now ranking as the 7th most valuable traded asset globally with a market cap of ~$860 bn.This is an incredible feat given that Charlie Munger previously called BTC ‘rat poison’ while Warren Buffett labeled it ‘rat poison squared’." Yet now, BTC has leaped past Berkshire Hathaway despite some serious Billionaire dissing!Bitcoin's recent price surge has been largely attributed to rumors around the approval of BlackRocks spot BTC ETF and the next BTC halving event. With momentum on its side, the price surge could very well mark the end of the "crypto winter" and the start of the ‘Bull Market’.If the optimism plays out, the next asset on BTCs radar would be AI leader Nvidia at $1.15 trillion. For Bitcoin to become the world's most valuable asset, it needs to reach a price of $153,000 to dethrone Apple's mammoth $3 trillion market cap. PS - $100k Bitcoin - coming 2024 to an exchange near you!#BTC #100k

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💰📈 Bitcoin vs. Mega Stocks: A Tale of Investment Risk 🚀💎When it comes to investment, it's easy to hear that Bitcoin is too risky. But before you jump to conclusions, let's take a closer look at some familiar names: Tesla and NVIDIA. 🚗🎮If we examine the monthly return profiles of these three assets since 2016, you might be surprised to find that they aren't all that different in terms of volatility and returns. 📊Sure, they may not offer the same stability as Apple or Berkshire Hathaway, but the point is this: Bitcoin isn't the lone ranger in the realm of volatility and return distribution. 🌍💥In the ever-evolving world of finance, all investments come with their own set of risks and rewards. It's important to have a diversified portfolio and make informed decisions.So, next time someone questions the wisdom of investing in Bitcoin, remind them that even established giants like Tesla and NVIDIA have had their share of market turbulence. Knowledge and research are the keys to successful investing. 📚💡#Bitcoin #Investment #RiskManagement #Tesla #NVIDIA #Finance #Diversify #MarketVolatility #InvestingWisdom

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Traditional investments have been the bedrock of wealth creation for centuries. From stocks and bonds to real estate and precious metals, these avenues have delivered steady returns over time. However, they aren't without their challenges. They often demand significant upfront capital, are subject to economic and political factors, and involve intermediaries that can complicate the process.🔹 Stocks: High returns potential but subject to market volatility🔹 Bonds: Safer with fixed returns🔹 Real Estate and Gold: Acts as a hedge against inflationUnderstanding these aspects is crucial for building a diversified portfolio and achieving financial goals. During the past decade, gold has an inflation adjusted return of 30%. On an annual basis that's a measly 2%. Then there's Bitcoin. When accounting for inflation, the world's first digital coin is up more than 3,700% with annual returns of 44%. Bitcoinoperates on a blockchain maintained by ASIC computing hardware around the world, so investors can rest assured that their hard-earned money is secured behind an impenetrable network no government will ever be able to devalue or confiscate -- something gold can't claim.With all the news surrounding Nvidia’s triumph $2.314 Trillion valuation, bitcoin is now ranked 9th amongst the top ten assets in market cap compared to the publicly shared giants - for now at least, but soon enough we can witness it as the leading contender to Gold. #bitcoin #bitcoinmining #gold #nvidia #sustainability #renewableenergy

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Ever noticed a seismic shift in the finance world? That's right, we're talking Bitcoin ETFs! These aren't your average Exchange-Traded Funds. Bitcoin ETFs are charging through, drawing eyes from both the general public and Wall Street bigwigs. Giants like Grayscale and BlackRock are gamifying the crypto investment scene. Now, let's break this down. Traditional ETFs? They're a mixed bag of assets traded on stock exchanges, offering diversification, lower costs, and heaps of flexibility. On the other hand, Bitcoin ETFs are specialists. They solely track Bitcoin values, simplifying investors' journey into the crypto realm, minus the headache of direct buying and storing. I am curious if you have seen anything about Bitcoin ETFs come across your feed (Linkedin or otherwise). Do you love or hate them or maybe you just don't care? In my thirst for new knowledge, I am curious to hear your thoughts below!

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As Bitcoin's momentum wavers, the crypto world is abuzz with the recent influx of U.S. exchange-traded funds (ETFs). The entry of giants like BlackRock Inc. and Fidelity Investments into the Bitcoin ETF arena marked a historic debut, but Bitcoin's price tells a different story. After peaking above $49,000, the largest digital asset is now showing signs of retreat, hinting at the classic "buy-the-rumor, sell-the-fact" market reaction.Investor sentiment is mixed. While some view these ETFs as a gateway to increased Bitcoin accessibility, others recall the 2022 crypto crash with caution. Amidst this, the Grayscale Bitcoin Trust's transformation into an ETF and subsequent outflows suggest shifting investor strategies. As the industry navigates these changes, will these new funds stabilize the market, or are we witnessing the start of another speculative cycle?

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Bitcoin has seen a significant rally in 2023, up over 80% year-to-date. Financial experts like Ark Invest CEO Cathie Wood see more upside in the coming months, with several Bitcoin ETFs filed for approval. Wood has supported higher price targets, raising her price targets from $400,000 and $500,000 by 2030 to $1 million. She believes corporations could increase their cash balances by 1% to 10%, following Tesla, Square, and other companies adding Bitcoin to their balance sheets. Despite setbacks, Wood remains optimistic about the future of digital assets, stating that hyperinflation is needed to provide a fallback for populations. #garageid #bitcoin

Bitcoin Outlook 20242024 looks to be an exciting year for crypto! The last few months have brought back many non-crypto believers after the last bull runs conclusion. Here is one of my possible scenarios that I am looking at moving forward. The SEC finally approved many Bitcoin ETF’s this past week or two, leading to yearly highs. However, this could definitely mean the yearly top is in. From a technical point of view Bitcoin hit a strong retracement value and swept a big liquidity level. If the bearish scenario plays out, I expect one more move to the upside to the 44-46k level before further downside. Now why does this make sense to me? With insitutional investing now possible, large companies may start selling in order to have one more accumulation one BTC price is lower. Simple put, you don’t see big companies like Blackrock buying the top. Regardless, I am super excited to see what the future holds for the space, as this is only the beginning!

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This week, the world changed. The approval of Bitcoin ETFs gives #bitcoin legitimacy.I think this clip sums up what's to come. My take: We are Day 1 of Asset Tokenization and regulators are going to love public ledgers! Every economy will be impacted eventually.#web3 #tokenization #payattention https://lnkd.in/em79npUU

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Bitcoin Brings $40,000 Into View After More Than Doubling in a Chaotic Year- Largest digital asset has partially rebounded from 2022’s rout- Question is how much impetus left as token churns at $38,000Bitcoin’s chances of hitting $40,000 are top of mind for crypto speculators as they head into the final stretch of a year during which the largest digital asset more than doubled in price.The token has rebounded about 130% over the past 11 months from 2022’s crypto rout, outstripping investments like stocks or gold. Hopes for Federal Reserve interest-rate cuts next year, and expectations that the US will allow its first spot Bitcoin exchange-traded funds, together created a potent elixir.MicroStrategy Inc., the largest publicly-traded corporate holder of Bitcoin, last month bought $593 million more of the token, taking its pile to roughly $6.5 billion. Michael Novogratz, founder of Galaxy Digital Holdings Ltd., on Wednesday said Bitcoin a year from now may reach its 2021 peak of almost $69,000.#digitalassets #fundraising #investing Supercap Group MicroStrategy

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