Willy Woo – Analysis Potential Bitcoin Scenarios for 2024 bull Run!!

Welcome back to Aimstone channel. In today’s video we will take a look at the bitcoin market, top bitcoin news and overall economy.

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Hey what’s up guys welcome back to amstone channel merry Christmas and I hope you guys enjoying this day and spending time with your family and your loved ones and of course watching my video so let’s go ahead and take a look at the Bitcoin Market as of the time of

This recording Bitcoin is around 43,600 bucks it seems like overnight we have some decent dump B see the drop from 43,500 bucks all the way below to $42,500 but as soon as I wake up B see recover quite nicely so that was a pleasant surprise from Santa Claus okay if he out

A bit we can notice something interesting in this weekly Bitcoin chart yes 2022 was a wishes bare market and at the same time as BC has been going down we will forming this falling wge and yes as soon as BC broke about the resistance of this falling wge but this car

Rocketed and continue going higher and here we are we are about $43,000 so this is definitely positive news look if you compare Bitcoin to ethereum or Bitcoin to any other altcoin or shitcoin or whatever you want to call it we can see that Bitcoin wins 95% of the time

Bitcoin in 2023 did very well BTC is up by more than 160% it went up from $177,000 all the way to disc current price about $43,000 on the flip side we have ethereum for example ethereum went up from $1,200 to this current price of 2,300 bucks so ethereum’s up by 90% so

Bitcoin I perform eum by almost twice which is fantastic and Bitcoin performs every other shitcoin out there maybe except Sol I don’t know why Solana Sky rocketed recently but personally I do not even care because it just another shitcoin on the way as Bitcoin Still Remains relatively cheap I think this is

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The description box below speaking of the Bitcoin fear GD index today we are at 73 but we do remaining G slightly higher we back yesterday but yes whenever BTC was between 43 to $44,000 BTC has been around 74 right now we are a bit lower but I think this is

Happening because Market get used to this price action yes we want to see new highs for Market sentiment to be at new Euphoria state but out of this necessarily good thing but just it is what it is okay guys moving on to Willie Wu Willie Wu made some interesting

Statement a private Banker asked me for some BTC price scenario here are some back of the envelope calculation using 2023 numbers BTC matches gold market cap would be $710,000 per coin oh man that would be fantastic 5% of all wealth in park in BTC would be $1.1 million per

Single coin even better upper bound price all .5 million per BTC that would be half of all wealth in Bitcoin well I don’t know guys about 11 million BTC but I think 1 million Could Happen by the end of this decade 700k I think yes it

Might happen sometimes maybe 20 28 20 29 something like that but yes we should wait and see this is not it this is really will post it some more stuff it’s the eve before the BTC spot BTF the day is coming fast when Bitcoin become mainstream bucket for wealth allocation

When the day comes the top 1% most wealthy will hold 0.87 BTC That’s how little off it dares to go around yes 100% he actually posted this pyramid assum 5% allocation but to be honest I’m not too sure what he’s trying to say here on the bottom we have

Number of people on the top we have wealth range total wealth but anyway yes will will definitely is very bullish let me know what you guys think about willly Will and let’s move on breaking news Japan to add taxation on the realiz crypto what to be honest I did not even

Know Japan was taxing and realized crypto and unrealized capital gains to be honest on my humble opinion taxing and realized gains is such a stupid idea because it just makes no sense whatsoever you cannot be wealthier if you do not realize your gains if you do not sell anything how can you be

Wealthier for example if you’re going to tax my real estate if you’re going to tax my house how am I going to pay you tax taxes if I did not sell my house in the first place where the money is going to come from it makes no sense

Whatsoever and I hope this is not going to happen in the United States moving on to El Salvador El Salvador has officially passed a law granting citizenship to in exchange for Bitcoin yes this is it seems to be for wealthy individuals if you have like more than

$2 million worth of bitcoin in fact if you’re trying to invest more $2 million worth of bitcoin in a solder they’re going to give you citizenship but on my humble opin I would not be running to Salvador and why well yes right now Bitcoin is a legal tender in Al Salvador

You have to pay taxes with Bitcoin however when Ball’s terms will come to the end let’s say some dictator come around he will close the Bitcoin and what the hell you going to do in a Salvador nothing so yes guys yes right now is very nice in El Salvador but what

Will happen in next 10 years I do not know okay guys moving on Jim Kramer the SEC will never approve spot Bitcoin TF well well guys wrap up you see it’s because we are going to the Moon Bitcoin SP app could be approved as early as January 2020 for while Jim Kramer will

Suck on his T in fact here we have some interesting news SEC says deadline for spot bitf updates on December 29 yes we have couple days left applicants for spot Bitcoin exchange traded fund have only a few days to finalize their filings to meet a looming deadline set

By United States SEC Comm Mission the SEC has a set deadline for spot bit have applicants to file final S1 amendment by December 29 rors reported citing public memo and two people familiar with these decisions according to the report the SEC officials on December 21st meet the representative of the at least seven

Firms hoping to launch spot Bitcoin TF in early 2024 some of them end these of those meetings included representatives from Black Rock gray skill and investment airk invest and of course 21 shares oh man this is becoming more and more exciting I think all of them will update their applications by December

29th and then probably in early January we will have final decision and that decision probably will be positive on my humble opinion and from that point on BTC will probably double in price when that happens moving on Max Kaiser got some news we are looking into Bitcoin TF

To list here in El Salvador there will be Bitcoin in Bitcoin out there will be a unique product in the world all 13 BTC ETFs waiting in polias in the United States are cash in cash out well I don’t know Max but this is definitely not cash

In cash out this not how spot bitf works the way how spot ETF works it has to be assed in if you take a gold ETF for example they have to buy gold and they have to hold gold in the behalfs of their investors and similar to spot

Bitcoin yeah they have to buy Bitcoin they have to hold Bitcoin and then outside investors can buy their shares if it’s going to be cash in cash out this is just a perfect example of future Bitcoin ETF no I do not think he knows what he is talking about lastly let’s

Move on take a look at some interesting Bitcoin charts this first chart represents number of addresses with non zero balance a number of addresses with non zero balance just reach new alltime high and start past 50 million addresses holding at least some amount of BTC yes

50 million is very small in a grand scheme of things in United States more than 330 million population in us so yes 50 million is just a drop in the bucket in fact 50 million addresses does not mean 50 million people hold at least some amount of BTC that number could be

Like 10 times less because one person can have multiple addresses moving on here’s another cool onchain analytic chart in this black color of course we have BTC and cryptocurrency exchange and in this yellowish color we have BTC Supply last active 10 plus years ago and

As we can see BC active 10 plus years ago continued to make new alltime high and just surpass 3 million Bitcoin and on the flip side BC and cryptocurrency exchanges continues to decline it literally lost more than 1 million BTC since 2022 and yes there are roughly

Like 3 million BTC still available in cryptocurrency exchanges while the remaining 16.5 million BTC are belong to a liquid Supply yes guys if you take away the supply just small amount of demand will carcket BTC price okay moving on here’s a cool chart it represents Bitcoin net and relas profit

SL loss ratio and at the same time it represents Market sentiment look right now we just surpassed into this greenish territory and this greenish territory represents great state and after this green territory we have bluish one and bluish one that will be the top the top

Represents euph Foria so to be honest I do not think we still maybe we rre yes indeed Market cantate kind of still up but if you look at the Bitcoin Google CH for example there is still no interest in Bitcoin so I think 43 44,000 Still Remains a bargain and

Lastly let’s take a look at this following chart that presents price performance since cycle low yes we have a Genesis to 2011 cycle B raet from like couple of cents all the way to 30 bucks I don’t know how much Gaines PC did over that period of time but that would be

The most the highest Gaines PC did ever and then the second cycle that would be this reddish color represent cycle from 2011 through 2015 where BC Skreet from also a couple dollars all the way to 1,100 bucks and then in this bluish color we have cycle from 2015 through

2018 from 2015 BC was like 200 bucks that was the bottom 2018 new all-time high that would be slightly below $20,000 so Bitcoin definitely did very good and then the following cycle will be in this greenish color that will be 2018 through 2022 yes 2018 Bitcoin the bottom was

$3,200 and the top of course as we know was $69,000 and the most recent one would be in this black color 2022 plus yes the bottom was 16k and now we are at about $43,000 so we are definitely doing very well and since that point1 BC is up by more than

170% very good and lastly let’s take a look at this quick video where Anthony scami explains what he thinks going to happen to Bitcoin in 2024 let’s take a look bring in Anthony scaramucci on this the founder of skybridge capital noted crypto investor as well how sh if I had

To have with everything else that has gone on with crypto okay with all the problems this bankman freed character a bunch of other things and someone said but bitcoin’s going to go up 160% I would have said what is in your eggnog because I want

Some yeah I listen I mean it’s very hard to understand why it went up that rapidly for the persons that are not studying Bitcoin but if you step back and look at the 14 years of Bitcoin are now almost 15 uh it is easier to understand for those people and I’ve

Been in Bitcoin since 2020 and so yes I see why that happened and probably since you mentioned Sam and some of the other nefarious actors they probably pushed it down too far at the end of last year Brian yeah because I do also want to remind our viewers that may not be

Crypto investors or follow it every day Bitcoin was at 60,000 so we’ve had a hell of a run this year it’s been great but we’re still well off our highs do you think next year or if we get if we ever get a Bitcoin ETF that high can be be

Breached so I’ve been embarrassed by my predictions in the past U you know I I I thought it would have gotten to 100,000 by the end of uh 2022 uh if you recall in November of 2021 we got the Bitcoin futur ETF Brian and so I thought that that was going to

Come I filed oh skybridge filed not me but the firm filed for a cash Bitcoin ETF it was rejected alongside of fidelity and many other players uh we’ elected not to do that now because of the competition so a lot of this stuff got dragged out because of the

Regulation but if you’re asking the question will Bitcoin get through its all-time high I believe it will I don’t know when there could be some selling pressure you know sort of that whole Buy on the rumor sell on the news in the beginning part of the quarter but if

You’re asking by year end hopefully you’ll invite me back I think we’ll be through the all-time high uh but I’ve been embarrassed by my predictions before so I’m a little hesitant now a little gai a little humble as karami seems to be very humble by his previous prediction and he very reluctant to

Predict BC about six figures once again and he thinks bitc 2024 will be at new alltime high when bit part will be approved to be honest he is so humble do not be afraid call BC about six figures because I think there is very likely scenario that BC will be about six

Figures maybe even multiple six figures in 2024 let me know what you guys think comment below subscribe and like this video