[CryptoButthead.com , msc, mschro, February 11, 2024] Howdy, y’all! It’s your crypto cowboys, Ash and Booker, comin’ at ya with a quick shout-out during this electrifyin’ Super Bowl weekend. We’re all geared up for a showdown between the Kansas City Chiefs and the San Francisco 49ers. Bet y’all can guess who we’re rootin’ for, huh? (Hint: We might just have a soft spot for underdogs and comebacks, just like in the crypto world!)
Now, let’s talk turkey about the real game-changer this weekend – and no, we ain’t talkin’ ’bout no halftime show. Bitcoin’s dancin’ above US$ 48,000, flirtin’ with that sweet trillion-dollar valuation, while Ethereum’s struttin’ its stuff at US$ 2,500. Friends, if this ain’t a sign to get comfy with Bitcoin and Ethereum leadin’ the charge into them heavier trillion-dollar valuations, I don’t know what is.
Ash: Booker, we’re still early to the party, ain’t we?
Booker: As early as a rooster crowin’ before dawn, Ash. And with most crypto stocks tickin’ up, our favorites are finally gettin’ their time in the sun.
Now, here’s a juicy tidbit for y’all. Ki Young Ju, the big brain behind CryptoQuant, is callin’ a play for Bitcoin to hit $112,000 this year. With the U.S. launchin’ its first spot Bitcoin ETFs last month, we’re seein’ doors swingin’ wide open for institutional capital to join the huddle.
Ash: And Ki’s not just whistlin’ Dixie. He’s talkin’ ’bout a potential multi billion boost to Bitcoin’s realized cap this year alone, thanks to them ETF inflows. Even with some outflows from the Grayscale Bitcoin Trust, we’re lookin’ at a hefty jump from here.
Booker: And for those of y’all bitin’ your nails over price targets, Ki’s throwin’ out a “worst case” scenario of $55,000-$59,000. But let’s not forget, we’ve got the April block subsidy halvin’ comin’ up, and that’s stirrin’ the pot even more.
Ash: You got that right, Booker. And Adam Back, one of them original crypto pioneers, is even hintin’ at Bitcoin breakin’ the six-figure mark sooner than folks think. Imagine that, Bitcoin hittin’ new all-time highs before we even get to the halvin’.
Booker: But here’s the deal, folks. No matter if Bitcoin hits US$10,000 or skyrockets to US$2 million, our game plan doesn’t change. WE. DO. NOT. SELL. WE. HODL.
Ash: That’s the spirit, Booker! We’re keepin’ our beloved Bitcoin and Ethereum close to our hearts. And when the day comes that fiat currency looks like monopoly money next to Bitcoin, remember – 1 Bitcoin will always be 1 Bitcoin.
So, as we gear up for the Super Bowl, let’s not forget the real champions of our portfolios. Here’s to a weekend of touchdowns, tackles, and crypto triumphs!
Peace out, y’all! Enjoy the Super Bowl Sunday! Woot Woot!
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