Fellow humans,
Bitcoin is back above $57k today, which is interesting because the price was $16k last January. That’s an increase of roughly 256% or a 3.5x multiplier in 13 months. This means every $100 invested into BTC last January would be worth about $350 today. We’re still not back to the all-time high of $68k (November 2021), but we should be there soon. It’s not guaranteed, but I’m counting on it.
The Bitcoin spot ETF net inflows have been massive and record-breaking. The halving is <2 months away. The US money printer is getting warmed up.
I don’t know how much bitcoin will be worth later this year, next year or the following year. Only God knows. However, I am 98% certain that bitcoin will reach $1 million by 2030. Hard to fathom? Yes. Seemingly unrealistic? Absolutely, but will fiat currency inflate to worthlessness? You know the answer.
I’ve written about Stacks at least three times since August 2022, so I won’t go into any more detail about the technology, but I will go into price action. If you want to read my previous posts about Stacks, then click here, here, and here.
Stacks has been an explosive untamed bull since last January. You might need to brace yourselves for this growth data, especially if you had considered buying, but choose a different path. Some folks have been making too much money.
Last January Stacks was 21 cents. Today, only 13 months later, Stacks reached $3.25. That’s an increase of 1,448% or a 15.5x multiplier. This means every $100 invested into STX last January would be worth about $1,550 today. Neat, right?
Before you allow FOMO to influence your next move, you should understand that buying from strong markets can easily backfire. My general rule is to buy from weak markets and sell into strength. STX is far from weak right now.
Do your own research and make your own choice though.
However, BTC and STX are not the same, and should not be treated as such. BTC is strong, but will almost certainly become stronger for the foreseeable future. STX is meant to be traded against BTC in my opinion. Therefore, I am hoping and waiting for STX/BTC to fall back below 0.000035. The lower the better.
Until next time,
Salvatore Norge
P.S. — Your boy SALtoshi turned 34 last Monday 🔥 enjoy 37 seconds of video.
“Keep falsehood and lies far from me; give me neither poverty nor riches, but give me only my daily bread. Otherwise, I may have too much and disown you and say, ‘Who is the Lord?’ Or I may become poor and steal, and so dishonor the name of my God.” PROVERBS 30:8-9
I am not very wise. Never financial advice. Do your research!
linktr.ee/saltoshi