AxelAdlerJr2024-01-13

Use the correction to buy Bitcoin

For the BTC market, this week has become the most anticipated in recent years. The adoption of ETFs has become a turning point in the history of BTC. The emergence of the Bitcoin ETF is evidence that this asset class is becoming legal. I will quote Larry Fink, CEO of BlackRock, for Fox Business: "If you are afraid of your government or worried about it devaluing the currency, then you can consider this as an excellent potential long-term source of savings. It's like digital gold." A large influx of cash from ETFs is reflected in the increase of Supply Short-Term holders. BTC is actively being purchased. The last similar spike was observed in April 2023. I am writing this post for retail investors, whom I recommend taking advantage of the correction and buying coins on the spot market, following the SMART DCA principle. With the inflow of huge funds, the supply of real BTC coins will diminish, and if you don't do it now, the major players will do it for you. A reminder that BlackRock manages assets amounting to 10 trillion dollars and owns shares in 88% of the companies in the S&P 500 list. The 10 trillion figure makes BlackRock one of the largest investment companies in the world, and now these guys have decided it's time to buy BTC.