The Floodgates Are About To Open, and Your Opportunity To Buy Bitcoin at Pre-IPO Prices Is Closing Soon (Cameron Winklevoss)
If Bitcoin were the best investment of the previous decade, it’s likely the best trade of this decade.
Source — Commons Image From Wikimedia
.jpg){kind=link}
The Winklevoss twins are your archetype, all-American men.
Athletic
Patriotic
Academic
Entrepreneurial
Both are serial high achievers.
Hollywood did a great job of selling us that Cameron and Tyler were your typical pantomime villains in the film The Social Network.
Every storyline has to have its bad guys.
If you’ve never seen the film depicting their lives, Mark Zuckerberg is painted as the hero in the movie and marred with controversy for stealing the idea to create Facebook.
It’s still uncertain if he did.
Zuckerberg’s DNA becomes as evident as a neon sign when you observe how Facebook, or Meta, shamelessly copies viral features from their competitors.
Ingrained habits die hard.
Mark Zuckerberg settled with the Winklevoss twins, involving cash (estimated $140 million) and a stock agreement. Still, neither party publicly disclosed the exact details or the lawsuit’s outcome.
Sitting on the beach in Ibiza, a stranger recognised the twins from the famous movie and asked if they’d ever heard of Bitcoin.
After the conversation, their curiosity led the pair down a rabbit hole with digital currency.
In April 2013, the Winklevoss brothers grabbed everyone’s attention when they announced that they owned $11 million worth of Bitcoin through their company, Winklevoss Capital.
Rumour has it that they scooped up some of their Bitcoin for as little as $10 per coin and owned 1% of the entire supply. Bitcoin took a nosedive from $180 to $80 within a week of their announcement, which sums up cryptocurrency’s wild and unpredictable ride.
It dawned on Cameron and Tyler that Bitcoin was Gold 2.0. The network effects, unlike Gold, made it a better version of Gold.
They talk about their aha moment.
Camerons Winklevoss —Source
“We were used to social networks but realised this was a money network; you could send value on the internet for the first time, like an email.
When you realise that money is the greatest social network of all — and Bitcoin is the first internet money, it’s the greatest social network.
We tried to kill the idea; we struggled to come up with an explanation as to why this doesn’t work long term.”
The Great Accumulation of Bitcoin Has Begun, and You Don’t Want To Get Left Behind.
BlackRock, a financial giant, manages an enormous portfolio worth a mind-boggling $9 trillion.
Now, let’s shift our focus to Bitcoin. About 11% of all the Bitcoin in existence — around 2.2 million coins — is being held on exchanges; if we do the math based on today’s prices, that adds up to roughly $66.7 billion worth of Bitcoin.
When you consider BlackRock’s vast financial empire, $66 billion may seem like a drop in the ocean to them. But here’s the kicker: if BlackRock allocated just 0.74% of its assets to Bitcoin, it would be enough to absorb all the available coins on exchanges.
They are one out of a cascade of companies filing for ETFs.
An ETF, or Exchange-Traded Funds, is like a basket that holds many different assets, such as stocks, bonds, or even Bitcoin. When you invest in an ETF, you’re buying shares of that basket, which exposes you to its underlying assets.
Companies are filing for ETFs to make investing in Bitcoin easier through traditional investment channels. It’s like creating a bridge between cryptocurrencies and the more familiar investment world.
Cameron Winklevoss and Bitcoin commentators have come out and said the price of Bitcoin, as a result, could go parabolic.
It may be your final opportunity to invest at the ground level before the floodgates open.
Cameron Winklevoss — Source
“The Great Accumulation of Bitcoin has begun.
Anyone watching the flurry of ETF filings understands the window to purchase pre-IPO bitcoin before ETFs go live and open the floodgates is closing fast.
If Bitcoin were the most obvious and best investment of the previous decade, this would likely be the most obvious and best trade of this decade”.
Cameron Winklevoss Is Not the Only Person Who Sees What’s Happening As the Most Obvious Move of This Decade.
Michael Saylor wrote one sentence on Twitter — “The window to front-run institutional demand for #Bitcoin is closing”.
Forma early employee at Facebook and Snapchat, Anthony Pompliano, says retail investors buoyed the price of Bitcoin, but what do you think will happen when institutions come in with “Deep Pockets”?
Pomp thinks the BlackRock ETF is a significant development. He compares it to the space race, where countries frantically, over 20 years, tried to be the first in space.
Now we have a race to accumulate Bitcoin.
Institutions and individuals are trying to secure their share of the limited 21 million Bitcoins that will ever exist. Retail investors have accumulated Bitcoin for 15 years; a large portion has not been sold or moved for over a year.
Anthony Pompliano — Source
“BlackRock shows up, and Bitcoin is up 20% for the week. People forget that Bitcoin went from $0 to nearly $1 trillion market cap with almost no institutional participation.
If retail investors were good for $1T, what do you think happens when the deep pockets come into play?”
Final Thoughts.
The BlackRock ETF application is a massive moment for Crypto.
It could also be a complete nothing-burger.
The US Securities and Exchange Commission (SEC) has rejected a series of ETFs concerning Bitcoin in the past.
BlackRock has an extensive list of ETF filings in previous years that resulted in the approval of 99.8% of applications, with only one rejection.
None were for Bitcoin.
Cameron Winklevoss is right in his assessment. Now is the time to enjoy Bitcoin at Pre-IPO price, like investing in a company at the ground level before the stampede arrives.
You should expect volatility with high inflation and high-interest rates sucking liquidity out of the cryptocurrency ecosystem in the (hopefully) short term.
If Bitcoin proved to be the top-performing investment of the past decade, choosing to accumulate it now could be the wisest decision for the next decade.
You still have time to get in before the crowd arrives.