Whatever you need to do to understand Bitcoin and trust that this is your one shot at life changing gains…
Do it by this date.
You need to prepare yourself for what’s coming in 2030-2037 (go read my book, I was off by 2 cycles because I didn’t understand time in 2016).
I’m working hard on an ebook to provide free to anyone who asks. And will record a video of me reading the book for those too lazy to read after Christmas…
Side note, you do understand watching is passive and reading is active. If you want to truly understand something, you need to be active. That means reading…
You will have the tools to prepare. Please make sure you do.
And make sure you do by this date.
What’s special about this date?
Nothing, other than it’s the next “time” frame that is important as Bitcoin’s price continues to move across time.
Will Bitcoin soar on this day? Most likely not…
But after this date, any moment the rocket ship which is the Bitcoin price, will lift off.
Just like whatever causes the selloff or temporary top around 2/6/2024 (see previous post), CNBC will create a narrative around 10/8/2024 as well.
Again, I can guess.
The election is not far from this date. If one party wins the white house, senate, and house; I’d wager a large sum of money that we will get fiscal spending in 2025. Probably during the first 100 days.
That’s monetary debasement which will create an easy narrative to explain the Bitcoin rocket ship.
Could the Fed slash interest rates? Start QE again?
Maybe if we’re in a bad recession. Both of those are monetary debasement and would create an easy narrative for the price lift off.
If the Bitcoin ETF gets approved and creates the temporary top around 2/6/2024, large institutional money will not move into the ETF that day.
But once approved, Blackrock, Fidelity and all the other big players out there will unleash their entire salesforce on pushing a small allocation into Bitcoin.
Bitcoin’s market cap of available float is so small, if large institutions move 1-5%, Bitcoin will rocket. Again this will create another narrative to easily explain the launch.
The next Bitcoin halving occurs in the first half of 2024. This cuts the block reward of miners in half. If supply is cut and demand remains consistent or even increases due to the things above, basic economics tells you what price will do.
However, you’ll know…
Those things are not the cause. The cause is how the price moves over time.
We know the time, the event is unknowable and will just help “explain” the price move at that point in time.
I can’t wait to hear what the narrative is. My guess is a combination of the ETF salesforce gaining adoption, the halving and some form of monetary debasement.
But who knows and who cares until it happens.
All you need to know now, is Tuesday October 8, 2024 is the date you need to do whatever you need to do to makes sure you’re ready.
Because the fun is about to begin….
Up next, how not to panic and sell during a temporary sell-off after a huge run during this bull market…
Spoiler: We know the date…
p.s. Go make sure you read my previous article titled Tuesday February 6, 2024 – Remember this date. If you still don’t believe what’s going to happen with Bitcoin, read that article. And follow along into and out of that date. Once you see how price moves then, hopefully you’ll understand how we know how price will move after this more important date.
*Educational purposes only, not financial advice.