There is a new batch of spot
#BTC ETFs coming to market from Asia, Hong Kong, to be exact. Many don't understand the huge significance of this. Let me try to explain with just two basic facts:
1) The top 0.001% of wealth holders in Hong Kong possess close to 10% of the world's total wealth, which is one of the highest levels of wealth concentration in the world.
2) Additionally, Hong Kong ranks second globally in terms of average wealth per adult, with an average of USD $489,260, significantly higher than the global average.
Saying that this is a small deal because it's not the U.S. is an uniformed view. Your
#btc is being shaken from you this very moment for Asia's wealthy to get in, as early as next week.
If you are selling
#bitcoin before the halving and before the most parabolic year of all, which is the year after the halving, you are a bozo. 🤡 Plain and simple.
If you are selling before Asia, Hong Kong, joins the race for
#btc , you're just a level of dumb no one will ever be able to fix.
#stackharder