Hey everyone!
Let’s start today off with a quote….
Literally every morning I wake up and I think about this quote in relation to Bitcoin.
It’s like the floodgates have opened up.
Yesterday in my letter I talked about VISA adopting Bitcoin (through Stablecoin settlement, bridging the gap between banks and Crypto).
1 DAY LATER, PAYPAL announces that you will now be able to spend Bitcoin at ALL of its 29 MILLION merchants….
This is huge news and the headlines are everywhere….
PayPal will let US users pay with Bitcoin, Ethereum and Litecoin starting today - The Verge
PayPal to let users pay for purchases at checkout using Bitcoin, other cryptocurrency - USA Today
Oh, and if that wasn’t enough, the beautiful burrito maker has just ONE WORD in their twitter bio now….
I mean come on!
This is all happening DAILY!
I feel like gladiator….
“ARE YOU NOT ENTERTAINED????”
Obviously, the market has responded to this, with Bitcoin breaking above $59,000 again today.
But let’s just talk about the obvious stuff, for those “in the back”.
Here’s all the “good news” that has avalanched onto Bitcoin lately, just off the top of my head (READ: there’s a lot more than this).
1) Stimulus and then some more stimulus.
The U.S. passed $1.9 Trillion a couple weeks back.
On Wednesday, Biden is expected to reveal a $3 trillion dollar infrastructure plan.
Oh, and they already have another $1.9 Trillion in the works for Covid relief for April.
HOLY CRAP.
They really just want to make Bitcoiners rich don’t they?
2) ETF’s
See my detailed letter about this here -> https://thekaleletter.substack.com/p/the-1-bitcoin-rocket-fuel
These are all the companies that have filed for Bitcoin ETF’s.
If even ONE of these is approved (there will be multiple) expect the Bitcoin price to skyrocket.
Fidelity
Goldman Sachs (not a direct ETF, slightly confusing structure)
SkyBridge
Morgan Stanley
NYDIG
VanEck
Valkyrie
WisdomTree
Bitwise
3) Visa + Paypal
Already discussed above, but seriously, just read those names.
If they are making it easier to use Crypto, don’t you think it’s here to stay? Wow.
4) A model that is so accurate it’s scary.
Just google “Plan B Stock to Flow”.
As we inch closer to 100k Bitcoin, this model is set to BLOW THE DOORS off traditional finance.
By accurately predicting the price of Bitcoin into the future to this level of precision, not only does Plan B deserve a Nobel Prize, but he has singlehandedly re-defined accuracy when it comes to financial models and predictions.
Once the World sees this model and realizes its implications at scale? Watch out.
5) A beach ball held underwater.
I got a TON of good feedback on my beach ball analogy from twitter yesterday.
I talk about it here -> https://thekaleletter.substack.com/p/yield-curve-control-incoming
Basically, the Governments of the world are holding a giant beach ball underwater (corporate bonds).
Once this beach ball explodes out of the water, this stimulus spending spree they are on currently will seem like child’s play.
You owe it to yourself, if you are curious about this space, to click that link and read my article about Yield Curve Control and it’s implications for Bitcoin.
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Anyway, I’ve got to jump on a call, just wanted to write a short note to you guys.
None of this is financial advice and never will be, so do your own research.
I texted my dad today and basically told him that 100k is inevitable (probably by May) and that 300k this year isn’t out of reach.
I know it’s insane.
But the World is MORE insane right now.
Ask yourself this…
Haven’t crazier things already happened?
I think so.
Kale
p.s. Make sure you’re subscribed, more Bitcoin stuff later this week but only for subscribers.
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