It's only 118k....

What a time to be alive, you can buy a whole bitcoin for only 118K.

Previous cycles did not have an ETF. Previous cycles didn't have a President that acquired $1B in btc. Previous cycles didn't have Wallstreet on board and advisors starting to pitch BTC allocation to their >9 figure AUM ultra high net worth clients.

*Realized market cap needs to be ~2T for btc to be valued @ $1MM.

The current global M2 is ~100T, and is projected to double over the 10 years. You're telling me we're going to get another $100T of fiat in the world, and you don't think another 1T is going into btc?

Given the ETF, given the BTC treasury companies, given that it is now a Wallstreet asset, it is 100% obvious we're going to get at least another trillion USD into bitcoin over the next 10 years.

H/T dotkruger, Gary Cardone on spaces.

Edit:

*Realized market cap = the sum of the prices the last time the asset was moved on the blockchain, aka how much fiat people actually paid to buy into the network.

Market cap = total value of all the coins that have been mined.