Hello everyone! Hope you guys are having an awesome weekend.
I wanted to throw this out there and let folks know where the $300k price point comes from when you hear people discuss it. The total market cap for physical gold is just north of $6 Trillion. Yes, that is a lot. If you take Bitcoin and its 21 million supply cap with a similar market cap...you arrive at $300,000.
Additionally, when taking fib levels into consideration using log scaling, you arrive at a similar number. Seriously, it's nuts.
Last but not least, we can draw attention to our triple bottom. We have done it and can expect a reversal. Pair this with some fundamentals of Bakkt in November (they need to actually buy physical BTC before they open) and a potential ETF in Q1 2019, we can be on the way to some serious gains.
I'll let the $300,000 figure sit with you for this Sunday...enjoy it.
Take it easy,
DA BULL (got my horns back)
I wanted to throw this out there and let folks know where the $300k price point comes from when you hear people discuss it. The total market cap for physical gold is just north of $6 Trillion. Yes, that is a lot. If you take Bitcoin and its 21 million supply cap with a similar market cap...you arrive at $300,000.
Additionally, when taking fib levels into consideration using log scaling, you arrive at a similar number. Seriously, it's nuts.
Last but not least, we can draw attention to our triple bottom. We have done it and can expect a reversal. Pair this with some fundamentals of Bakkt in November (they need to actually buy physical BTC before they open) and a potential ETF in Q1 2019, we can be on the way to some serious gains.
I'll let the $300,000 figure sit with you for this Sunday...enjoy it.
Take it easy,
DA BULL (got my horns back)