#Bitcoin just broke US$30,000, making it *A TRIPLE* since October.

What in the world is going on?

Hint: it has to do with $GBTC (and other big players) gobbling up the free float and cornering the market. https://twitter.com/bvddycorleone/status/1316441107308457984
See here for more.👇 https://twitter.com/bvddycorleone/status/1329915650555383817
And analysts and news media are finally beginning to catch onto what’s really happening...
“Inflows into GBTC ‘are too big to allow... sustained negative price dynamics [for BTC].’ JPMorgan's strategists estimate that GBTC is adding assets at a rapid clip of $1 billion per month.” https://www.investopedia.com/grayscale-trust-gbtc-is-key-to-bitcoin-price-jpmorgan-5093550
Grayscale Trust (GBTC) Is Key to Bitcoin Price: JPMorgan

The Grayscale Bitcoin Trust (GBTC) is key to determining a correction in Bitcoin price, according to analysts at JPMorgan.

https://www.investopedia.com/grayscale-trust-gbtc-is-key-to-bitcoin-price-jpmorgan-5093550
“The figures underscore what many have described as an ongoing liquidity squeeze in Bitcoin, where large buyers suck up any available supply and remove it from circulation, sending it to cold storage for long-term hodling.” https://cointelegraph.com/news/bitcoin-supply-squeeze-heats-up-as-grayscale-buys-nearly-3x-the-btc-mined-in-december
Bitcoin supply squeeze heats up as Grayscale buys nearly 3x the BTC mined in December

Grayscale brings its total assets under management above $20 billion in time for the start of 2021 as Bitcoin demand intensifies.

https://cointelegraph.com/news/bitcoin-supply-squeeze-heats-up-as-grayscale-buys-nearly-3x-the-btc-mined-in-december
Make no mistake, GBTC is the Key to this ongoing Mania. While a nasty washout may occur at any moment, I expect us to continue along the typical phases of asset manias so long as this dynamic persists.
If I had to guess, I’d say we’re somewhere in between the ‘Media Attention’ and ‘Enthusiasm’ stage within the broader ‘Mania’ phase. In other words, we’ve still got lots of runway...
HT @hkuppy @James56487175 @capitalistexp @pineconemacro @Theimmigrant84 @coloradotravis @RaoulGMI @PrestonPysh
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