The SEC has approved the spot Bitcoin ETFs, what happens now? What can we learn from the SEC’s failures here? Plus, a huge election this weekend in Taiwan threatens to shake up the global economy.
Any comment on why this prediction was so far off?
"Estimates of inflows on the bitcoin ETF’s first days of trading are expected to be massive. ... The market cap at time of writing is $900 billion, meaning the first day move could be ~25%, taking us to $58,000."
There's no mention of it. I'm gonna ask to refund me based on falsification. Your whole arguments is based on falsified reference that doesn't exist. The link you put into this piece of crap gets you to the article that has no mention of 118 multiplier
Any comment on why this prediction was so far off?
"Estimates of inflows on the bitcoin ETF’s first days of trading are expected to be massive. ... The market cap at time of writing is $900 billion, meaning the first day move could be ~25%, taking us to $58,000."
WHAT A PIECE OF CRAP! I actually went to read about 118 multiplayer study of BOA. https://web.archive.org/web/20210318193017/https://www.bloomberg.com/news/articles/2021-03-18/have-93-million-you-may-be-able-to-boost-bitcoin-s-price-by-1
There's no mention of it. I'm gonna ask to refund me based on falsification. Your whole arguments is based on falsified reference that doesn't exist. The link you put into this piece of crap gets you to the article that has no mention of 118 multiplier
Maybe this will help...
1) BoA said $93m moves price 1% on 17 Mar 21
https://www.bitcoinstrategyplatform.com/files/boa.pdf
2) Market cap on that date was $1.099 trillion
3) 1% of that is $10.99 billion
4) $10.99 billion / $93 million = 118