This Is Where ALL Of Bitcoin Supply Is Going!

In this video George talks about the rapidly diminishing BTC supply, where its going and more!

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0:00 5k BTC Range
1:23 Bitcoin ETFs
5:12 BTC Vs Gold
6:02 Global Asset Value

🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.

We are now in this 5K range between here and here um for 150 days basically basically close to half of the year half of the year now this makes it very boring for some especially Traders the ones that want to see Bitcoin either Skyrocket or dump right because there

Are some shorters Traders want to trade and this makes it very aggra aggravating for Traders but what this means is yes Bitcoin is consolidating it has been consolidating for quite some time and that’s why the intensity it’s like it’s in a pressure chamber the intensity is going to build especially with a supply

Shock that’s already happening right so this is actually a really good thing if we see Bitcoin start going volatile up and down left and right every single week well that’s that’s actually not what we want we want slow and steady growth but right now we’re in that consolidation period where it it seems

Like it’s a little boring bitcoin’s going sideways the market seems to be following it but when it’s ready when we break out of this 5K range that’s when we go up to the next to the next level to the next leg up as for the supply

Shock as for the intensity well look at this from yesterday first time since the ETFs debuted that black Rock’s volume was higher than grayscale grayscale is finally going down grayscale was leading by a large amount in terms of volume and the net flow the net flow you could see

Still in a positive yesterday slowed down overall still net positive but grayscale selling is starting to go down and down and down and down so it’ll be interesting to see what it it is today but black rock pretty much picked up everything Fidelity and others took a little breather yesterday but overall

Net flow another $40 million worth of bitcoin went into the funds okay they keep on going they just don’t stop I already covered 3.3% of Bitcoin circuit Supply are already in the funds that’s just after 2 weeks pretty soon 10% of Supply will be in the funds and then shortly after that

20% will be in the funds so even though Bitcoin is consolidating within that 5K range these guys are going to make it very hard for Bitcoin to do that because they keep on buying that’s why when we break out and we get to the next leg

It’s going to be intense that’s why I do feel like the the supply shock factor is building and it’s going keep on building I don’t think it’s ever going to stop and it’s going to intensify even more when we have the having event because there will be less Bitcoin being

Released in the market but these guys continue to buy and buy and buy and buy and when I say these guys you know I’m I’m talking about institutions so some people are confused like well you say black rock is buying but it’s really people that are buying Black Rock black

Rock shares yes that’s true but it just shows overall whoever is buying institutions big corporations you know big whales the Wall Street Giants they are all buying and there’s no doubt in my mind that black rock Fidelity who own tons of shares into coinbase micro strategy Bitcoin miners own a lot of it

Already they themselves have secret wallets that hold enormous amount of Bitcoin that that I have no doubt in my mind that they have that too so this is still looking good and still still moving forward this is an interesting fact that Bitcoin and Fidelity have basically enabled a buying of 9,000

Bitcoins a day 9,000 if you do the math that’s that’s a lot okay to be buying 9,000 a day if that happens every single day that’s actually 10 times more than what the miners mine per day which is 900 and that 900 will be cut to 450

After April after having so think about it again relating to the supply shock soon just the two ETFs out there will allow 20x more buying than what is being released per day that’s how scarce Bitcoin has become you can’t just keep generating more Bitcoin people will have this misconception like Fiat like the

Federal Reserve you could just press more buttons and there’ll be more money to to dish out right that’s that’s just not how it works with Bitcoin even though yes you can buy Bitcoin pretty easily now on coinbase or Robin Hood or wherever the Circ Supply is being eaten

Up very very quickly behind the scenes here’s another really interesting fact not good for gold bugs you could see that gold ETFs have been coming down for a while now but that that down Factor seems to be in intensifying and then you can see the bit coin funds going up now

Bitcoin funds there are this is including some others from around the world and etps from around the world and so forth but you could see ever since debut they’ve been going sideways and then all of a sudden recently it’s like boom skyrocketing right but the gold ETS

Continued to go down so this also shows a lot of investors that have held gold for a while you know for years maybe decades they’re like nah we go switch out we’re go put it into something that actually moves Bitcoin all right and as for uh Global

Asset value you know sometimes I throw out these very large numbers from from fund managers and from analysts it’s not like I’m picking it out of thin air and people blame me for it like just a few days ago I said Bitcoin could go to 650,000 that’s straight from Kathy

Wood’s mouth and then people lash out at me like oh you’re giving people fall of I’m dis reporting what what others feel okay how they’re speculating and I agree with them um and here’s the reason why because if you look at how much money is out there in the world versus how much

Money is in Bitcoin you’ll soon realize that just a small fraction a very small fraction of the global asset value coming into Bitcoin will send it up to a million dollar each in in short short order okay Bitcoin is often compared to gold at 12 trillion Bitcoin needs to hit

About 700,000 each to equal 12 Tron in market cap so that’s stage one but look at everything else the art I don’t even I didn’t even know art was worth this much art in total is worth 18 trillion I guess there are a couple pieces that are considered Priceless so I don’t even

Know how you measure that you got cars collectibles at 6 trillion which is 10 times bigger than Bitcoin you got Global equities obviously with all the stocks and so forth right you got real estate market tons of people in real estate you got Global debt and Global broad money

Like everything else that’s out there um $900 trillion do worth of money trillion $900 trillion doll worth of money out there and Bitcoin isn’t even at 1 trillion yet so just a SLI of that just 1% of that would be $9 trillion that would push Bitcoin close to $600,000

Already if you think about it right that’s just how much money there is and that shows how early it still is in Bitcoin that’s why when a supply shock Factor really comes into play it it’ll be next to impossible for any retail investor to buy because when Bitcoin is

At 600,000 even to get 0.1 Bitcoin at that point will cost you $60,000 to buy 0.1 Bitcoin will cost you $6,000 I mean that just shows you how early it still is