00:55.5
after the halvening, that's when the new all-time high is actually reached.
01:00.3
Kung makikita mo dito, it never reaches the previous all-time high until months after the halvening.
01:06.8
And then after that, it'll surpass it to create a new all-time high,
01:10.3
usually between 12 to 18 months after the halvening.
01:13.7
And that happened already in the previous three cycles.
01:17.1
This cycle is different because if you look at it,
01:20.3
we are not even at the halvening and yet yung Bitcoin price is,
01:25.5
only $5,000 away from the previous all-time high.
01:30.5
And as you can see here, just eyeballing this Bitcoin chart,
01:33.3
it looks like it's about to go or has already gone parabolic.
01:37.4
Now, why is the Bitcoin price action doing this right now?
01:40.5
Well, notably, as I said, it's because of the Bitcoin ETFs.
01:44.9
The Bitcoin ETFs allows institutions to be able to buy Bitcoins on behalf of all their clients.
01:51.0
That is the main difference.
01:53.2
Ngayon, para maintindihan talaga natin kung anong impact,
01:55.2
na itong mga ETF sa Bitcoin,
01:57.2
pwede natin tignan yung effect ng ETF sa gold.
02:00.9
And as you can see from this gold chart,
02:02.8
prior to the gold approval of the ETF on November 18, 2004,
02:08.0
gold's price was hovering pretty much around the $300 to $500 mark.
02:12.0
Then, when the ETF was approved, you will notice it suddenly went parabolic.
02:17.5
From 2005 all the way to its all-time high in 2011
02:22.0
at a price of around $2,400.
02:25.2
For gold, that's a 5x increase from the price of gold prior to the ETF approval.
02:31.8
And it took 7 years for gold to be able to hit its all-time high.
02:36.2
And the parabolic move was spread out in a 7-year period.
02:39.9
Now, let's look at the Bitcoin chart and when the ETF was approved.
02:43.0
The Bitcoin ETF was approved in January 10.
02:45.8
And what happened ever since?
02:47.6
At that time, the price of Bitcoin was at $45,000.
02:50.1
Today, we're sitting at an over 30% increase.
02:55.2
At $63,000 per Bitcoin.
02:58.1
And that took only less than 2 months.
03:00.9
Now, if you look at this price action, it's very similar to gold
03:04.0
except it's like supercharged compared to gold
03:07.2
because if you look at gold's parabolic rise,
03:10.0
it took 7 years of this parabolic rise to happen.
03:13.7
Bitcoin, if you look at it, is taking place within a couple of months.
03:19.1
Now, from where it looks,
03:21.2
where do you think is it going to go in the next 2 years?
03:24.2
Kasi, because of this ETF approval, meron tayong what they call a demand shock.
03:29.8
And there's a supply shock that's upcoming in the next few months.
03:35.3
It's the Bitcoin halvening that we all know about.
03:38.0
Ngayon, kung di mo paalam kung ano yan, it's basically cutting the flow of Bitcoin by half
03:42.7
which happens every 4 years.
03:44.4
And as we've seen with previous cycles, a Bitcoin supply shock will push the price up.
03:49.0
I want you to look at this.
03:50.1
Currently, there are 900 Bitcoins that are being mined on a daily basis.
03:54.2
Currently, there are 900 Bitcoins that are being mined on a daily basis.
03:54.2
Now, after the halvening, that's going to be cut in half to only 450 Bitcoins mined per day.
04:01.2
Pero look at the demand.
04:02.6
Just the other day, over 11,000 Bitcoins were taken out of circulation.
04:06.7
Add to that, that over 70% of all Bitcoin holders have not sold in over a year.
04:13.5
Plus, if you look at this chart, it looks like the OTC desk,
04:17.6
which is how most institutions buy Bitcoin,
04:20.8
has dropped to an all-time low in the last 6 years.
04:24.3
When you add up all these things that you're seeing right now,
04:27.5
it's not far-fetched to think that Bitcoin can easily do $100,000 to $200,000 to even $500,000 per Bitcoin.
04:35.3
Is that even a question of if anymore in my view?
04:37.7
It's a question of when.
04:39.3
Okay, let's move on and talk about other fun facts about Bitcoin in this cycle.
04:43.7
Alam mo ba, since the ETF of Bitcoin was approved, there was an outflow of gold ETFs.
04:49.6
Now, I'm not saying that there's a hard correlation between the outflow of gold ETFs
04:53.1
and the outflow of gold ETFs.
04:54.1
Versus the inflow of Bitcoin ETFs.
04:56.0
Pero you can't really avoid making that comparison.
04:58.6
Now, let's also look at another fun fact here.
05:01.2
Ngayon, everyone was talking about how Grayscale,
05:04.2
if you guys don't know about Grayscale,
05:05.6
they held about $30 billion in Bitcoin prior to the ETFs.
05:10.8
And then they converted it into an ETF.
05:13.1
When they did, and that allowed all the other asset managers to be able to buy Bitcoin,
05:19.1
they were the most expensive asset manager,
05:22.8
charging $1.5 billion.
05:24.1
So, they were the most expensive asset managers to manage the ETF fund
05:26.6
compared to BlackRock and everyone else,
05:28.8
which was charging like 0.5% to 0.3%.
05:32.1
Kaya ang daming outflows from the Grayscale ETF
05:34.7
that other ETF asset managers were buying up.
05:38.5
And if you look at this chart right here,
05:40.5
you can see that the gray part is Grayscale
05:43.2
that's selling all their ETFs.
05:45.7
And as you can see there, it's actually plateauing already.
05:48.9
Pero pag makita mo, all other ETF providers
05:51.7
with the black part being BlackRock,
05:53.8
which is the biggest one,
05:55.4
and Fidelity also being another big one,
05:57.7
is eating up all those available Bitcoins.
06:00.8
And they're actually accelerating their purchases.
06:03.3
Now, if you look at it in US dollars,
06:05.2
you'll see here that the Grayscale ETF
06:07.5
has actually sold or outflowed $7.8 billion already.
06:13.0
Tignan mo magkano binili ng BlackRock since the approval of the ETF.
06:16.7
They bought over $7.1 billion in Bitcoins.
06:20.2
Now, add that up with the others from Fidelity at $4.7 billion.
06:24.1
And Bitwise at $1.1 billion.
06:27.3
ARK Invest with $1.5 billion.
06:30.0
And everyone else.
06:31.2
Then you get a total positive outflow of $7.4 billion in Bitcoin.
06:37.2
And just the other day, BlackRock set a new record
06:39.9
in terms of daily purchases of Bitcoin
06:42.4
at $612 million of Bitcoin bought in a single day.
06:46.6
And if you think that metric is already insane,
06:49.5
here's another metric that I read on X.
06:51.8
Did you know that the Bitcoin,
06:54.1
ETF of BlackRock,
06:56.0
makes up only 0.2% of BlackRock's ETF lineup?
07:01.1
Yet, it accounts for 42% of its net flows this year.
07:05.7
Imagine mo, Bitcoin's ETF has only a 0.2% exposure
07:10.3
in terms of BlackRock's total assets managed.
07:14.0
42% of their activity was in Bitcoin.
07:17.8
And from what I've been hearing,
07:19.3
it looks like BlackRock wants to at least have 2%
07:23.9
Assets under management in Bitcoin.
07:26.3
And if you look at Fidelity's ETF lineup,
07:28.9
it's currently at 2% of their total assets under management,
07:32.5
but yet, it commands a 64% of all flows
07:36.8
in all their ETFs this year.
07:39.3
At the rate it's going,
07:40.5
Bitcoin ETFs is now at $38 billion.
07:44.8
Now, compared to Gold's ETF,
07:47.0
which is at $90 billion,
07:48.9
which took 7 years to be able to get to $90 billion,
07:53.8
do you think Bitcoin is going to get from $38 billion
07:56.2
to surpass Gold's $90 billion?
07:59.7
Okay, another fun fact.
08:02.1
currently at $1.1 trillion market cap,
08:05.4
Bitcoin is the 4th largest currency in the world.
08:09.9
With the US being the largest currency at $5.82 trillion,
08:14.7
tapos Euros at $5.62 trillion,
08:18.8
then China at $5.5 trillion,
08:21.2
and Japan at $4.77 trillion.
08:23.8
Now, in my opinion,
08:25.0
it's a foregone conclusion.
08:26.7
It is inevitable.
08:27.8
Bitcoin will eventually become
08:29.6
the largest currency in the world.
08:31.7
And I'll make a bold prediction to say that
08:33.8
I think Bitcoin will become
08:35.7
the global reserve currency.
08:37.5
And that will back up all other currencies in the world.
08:40.3
And I know that a lot of you are probably looking at Bitcoin
08:42.6
from the price appreciation perspective.
08:45.4
I actually look at it a little bit differently
08:47.1
where I look at everything priced in Bitcoin.
08:50.3
And if you look at everything
08:51.8
when it's priced in Bitcoin,
08:53.8
everything is going down in value.
08:56.2
Everything is becoming cheaper.
08:58.3
That means that the power of your money,
09:00.6
if it's in Bitcoin,
09:02.1
is actually appreciating in value.
09:04.2
Or you can look at it the way I do
09:06.0
where everything is just losing value
09:08.0
compared to Bitcoin.
09:09.1
And if you look at all these fun facts,
09:11.2
that's why this Bitcoin cycle is different
09:13.4
from all other Bitcoin cycles.
09:15.5
At hindi ko na nga tinitignan yung mga previous cycles and charts eh.
09:18.7
Because the way I look at it right now,
09:20.5
we are in price discovery.
09:22.3
Who knows how high this is gonna go.
09:23.8
And how fast it's going to happen.
09:25.8
All I can tell you is this.
09:27.2
Make sure to buy your Bitcoins now
09:28.8
because even at this price,
09:31.6
As a matter of fact,
09:32.3
I just bought Bitcoin recently
09:33.7
at under $60,000 per Bitcoin.
09:36.0
And I highly recommend you do the same
09:38.0
because this is probably gonna be the last time
09:40.0
you're gonna be able to buy Bitcoin at these prices.
09:43.0
What do you guys think?
09:43.8
You agree or disagree?
09:44.8
Did I miss any points?
09:46.0
Or is there anything that you want to add
09:47.9
to this discussion?
09:48.9
Feel free to write your comments
09:50.5
in the comment section below.
09:51.6
At pag nagustuhan nyo itong mga ganitong video,
09:54.0
please subscribe and like my channel.
09:56.0
And I look forward to seeing you guys
09:57.4
on my next video.
