MicroStrategy CEO Michael Saylor recently shared some eye-opening perspectives on CNBC:
• Bullish prediction: Bitcoin to reach $13 million by 2045 • Supply squeeze: New Bitcoin ETFs driving unprecedented demand • Retail surge: Years of pent-up demand now being unleashed • Corporate pivot: MicroStrategy rebranding as a Bitcoin development company BTCUSDIBITMSTR
IBIT is trading at the highest premium since its inception when compared to the Bitcoin price. This means that whoever is buying the Bitcoin ETF (institutions?) is bullish about Bitcoin.
SPXNDQIBITNVDA Septembear has often been a difficult month for markets, possibly due to various factors like the end of summer, the approach of the fourth quarter, or changes in investor behavior.
Selling some stocks to prepare for winter clothing, cover inflated gas bills, refurbish furniture, renovate house and make a plan for Christmas vacations makes sense.
During the mega bullish cycle last year, the SPX and NDQ pulled back 10% and 13%, respectively, from September to October.