re: Do I have a bad financial advisor?

quote:

---

My target is $125,000 by 2025
Consolidation at 40 now, next level 60

---

Don't be surprised if it's a lot higher than that. There's currently a lot of Bitcoin being sold into the market from the FTX, GBTC and Silk Road situations. Plus all of the sell the news weak hands. But not many people are paying attention to the fact that all of the Bitcoin ETF managers are currently buying roughly 15 times the daily new Bitcoin supply, as they are buying approximately 13,444 BTC daily against the miners' 900 BTC daily creation rate. That's a lot of demand pressure once the FTX and GBTC selling subsides completely. The selling has already slowed and Bitcoin is already going up again.

In addition, the Halving event will be here in less than 3 months, the ETFs are going to ramp up advertising, Hong Kong appears to be moving to Spot Bitcoin ETFs, Saudia Arabia and another middle eastern country are rumored to be announcing soon for their plans to acquire 1 million Bitcoin, French president Macron recently said that he wants France to become a crypto hub and more. I really believe worldwide Bitcoin FOMO is a high probability in 2024.