FBTC: My Preferred Vessel For The Ride To $100k+ Bitcoin

Nov. 11, 2024 7:19 PM ETFidelity Wise Origin Bitcoin Fund ETF (FBTC), BTC-USD Crypto16 Comments2 Likes
Mike Fay profile picture
Mike Fay
4.85K Followers
(10min)

Summary

  • Following the election of President Trump, investors have piled nearly $2 billion into crypto products in just 1 week, with over 90% going to BTC.
  • Public company holdings of BTC are up 34% year to date, with MicroStrategy making up the overwhelming majority of that increase.
  • Popular cycle top indicators like MVRV Ratio, Puell Multiple, and the Stock-to-Flow Model show considerable room to run still if history is any guide.

koto_feja

As of article submission, Bitcoin (BTC-USD) has printed a fresh all time high of $87,000 per coin. Having rallied nearly 30% in a matter of just a few days, a $100,000 per coin Bitcoin price seems as though it's only a 'matter of when' rather than

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About FBTC ETF

SymbolLast Price% Chg
FBTC
80.064.79%
Post79.94-0.15%
Created with Highcharts 11.2.0Nov 11No…Nov 12Nov 13Nov 14Nov 15708090
Expense Ratio
0.25%
Div Frequency
-
Div Rate
-
Yield
-
Assets (AUM)
$17.54B
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