Five out of six coins on Coingecko’s trending page are meme coins, and that says a lot about the state of this market. If you take a moment to reflect on the U.S. national debt, the Fed, and how the world operates on a deeper level, you’ll quickly realize that pretty much everything is a joke.
DOGE started as a joke coin, and now it’s practically the acronym for a future government department in the U.S. The ways this clown world never fails to amaze me could fill paragraphs, but let’s cut to the chase.
BTC is comfortably sitting at $90,000, and there’s almost no hype. Sure, there’s a bit of excitement on Twitter, but globally? Nothing yet. We’re closer to $100,000 now than we are to the 2021 ATH, and the market sentiment feels eerily similar to 2016 and 2020.
You see coins popping off here and there—like XRP recently, leaving people stunned and scrambling—but it doesn’t feel like we’re anywhere near the peak. So, the big question on everyone’s mind is: Who’s gonna buy BTC once it smashes $100,000?
I’d say it’s a valid question. Who’s gonna do that?
Well, BlackRock seems relentless since their ETF went live. Recent data shows their BTC ETF is the fastest-growing one ever. No wonder people are calling these the “age of abundance” or “exponential times.”
From what I’ve read on Twitter, 12 U.S. states are about to recognize Bitcoin as a reserve asset at the state level, which would be massive. I wouldn’t bet on the entire country following suit anytime soon, but the landscape is shifting as we speak.
So, again: Who’s gonna buy BTC at $100,000+? The exact opposite of the investors we’ve had so far. Retail is mostly out of the equation, IMO. And while meme coins and other shitcoins might be more lucrative for quick money right now, we could end up holding “paper crypto” while the elites hoard the real gold.
That’s a possibility, you know. Someone on Twitter mentioned a while back that the road from $100,000 BTC to $200,000 will be faster and smoother than the climb from $80,000 to $100,000. I didn’t believe it then, but I’m starting to see their point now.
I don’t know how long it’ll take BTC to cross $100,000, but I think I know who’s going to buy it at those levels. What do you think?
Thanks for your attention,
Adrian