Do you remember the run up in late 2020. Microstrategy, Tesla, El Salvador.
Massive corporations putting bitcoin on their balance sheet and entire countries adopting it as legal tender.
But this time around theres nothing... no news, no announcements..
Thats because the big announcements havent even started yet! Every corporation and sovereign wealth fund is still trying to quietly accumulate before they announce their holdings but we are knocking on the door of new all time highs faster than anyone expected.
The reason bitcoin is so strong with no big announcements to justify it is because of all the quiet accumulation in the background by massive corporations and sovereign wealth funds that are trying to secure their stack silently.
I see some people talking about one entity that has been buying 100 bitcoin every few hours for ages. Thats billions of dollars in buys. This is pure speculation but I completely expect that to be something like the UAE sovereign wealth fund in partnership with the UAE treasury buying up hundreds of thousands of bitcoin before they announce it will now become legal tender in Dubai.
The game hasnt even started yet.
If you think this price rise is nuts wait until the big announcements start coming in by the worlds corporations, sovereign wealth funds, and governments.
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