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Bitcoins going to hit about a hundred fifty to two hundred thousand dollars

per Bitcoin by end of 2025 to start of 2026. Okay so this is the logic on why

I believe Bitcoin's price is going to go up and why a lot of people believe

Bitcoin's price is going to keep going up. It's called the law of supply and

demand. It's a basic economics principle which means that that the price of any

product or any commodity is dictated by the supply and by the demand. Now I'll

give you an example. If there is a product with very limited supply and a

lot of demand, what happens to the price of the product? The price goes up. Now if

a product has low demand and too much supply, the price goes down. Bitcoin like

any other commodity falls under those same principles. Now why is Bitcoin's

price going to go up? Well there are two shocks coming into the Bitcoin system.

The first one is the supply shock. The upcoming supply shock that I'm referring

to is the Bitcoin halving. The Bitcoin halving happens approximately every

four years. During the halving, the flow of Bitcoin that's actually mined is cut

in half. In the last halving in 2020, the amount of Bitcoins that were mined was

cut to 6.25 Bitcoins per block. By the next halving in approximately April or

May 2024, the amount of Bitcoins mined is gonna be cut to 3.125 Bitcoins per

block. That's a supply shock that's going to affect the price and if you

look at it historically, the price of Bitcoin has gone up dramatically

reaching all-time highs between 12 to 18 months after the halving. During the

first halving in 2012, the Bitcoin price was at $12. Roughly about 12 months

after, the price spiked to $1,200 per Bitcoin. Then in the next halving cycle

in July 2016, the Bitcoin price at that time was at $680. And then 18 months

later, the price shoots up to $19,400 in December 2017. And then the third

halving in May 2020, the price of Bitcoin at that time was at $8,600.

Approximately 18 months later in November 2021, Bitcoin reaches a new

all-time high at around $67,000 per Bitcoin. Today, Bitcoin's price is at

around $25,000 to $26,000. And the halving is happening around April 2024. And I

think Bitcoin's price around April 2024 will be around $30,000 to $35,000. And 18

months after that, what do you think the price will be based on just the supply

shock? Let's also take into consideration the amount of Bitcoins

that are actually being sold on the exchanges. If you look at this chart

right here, you'll see that in November 2022, there were over 2.2 million

Bitcoins on all the exchanges. And after the FTX scandal, people pulled their

Bitcoins out of the exchanges, dropping the number of Bitcoins in all the

exchanges to only 1.8 million Bitcoins. And look what happened to the price. So

if you look at this chart right here, there looks like there's a direct

correlation between the amount of Bitcoins in the exchanges and the price

of Bitcoin. So you have to add that factor into consideration when you're

talking about a supply shock. And if you look at this number, that also means that

there's less than 10% of all Bitcoins in circulation that are on the exchanges.

There is a huge upcoming demand shock in this Bitcoin cycle. And that's the

arrival of all the legacy financial institutions. I'm talking about the

biggest asset managers in the world, including Vanguard, BlackRock, Fidelity,

just to name a few. And a lot of these asset managers are now talking about

Bitcoin and wanting to be able to offer Bitcoin to their clients. I want you to

imagine how big these companies are. These are trillion dollar asset

managers. BlackRock alone handles about 10 to 12 trillion dollars. And now

they're gonna be offering Bitcoin to their clients. And how do I know this

information? That's because these companies have recently all filed for a

Bitcoin ETF, which is a Bitcoin Exchange Traded Fund, which allows institutions

and private individuals to be able to hold Bitcoin through their asset

managers. And if you look at the date of the applications, the SEC has to be able

to give their approval or rejection of these applications within the dates that

you're seeing here. And the final deadline that they have to be able to

either approve or reject these applications is in March 2024, just a

month before the halvening. So what's the likelihood that these Bitcoin ETFs will be approved?

Well, one indicator that there's a high probability of these ETFs being

approved. And I don't think it's a matter of if anymore. Honestly, I think it's a

matter of when. Because the Supreme Court has recently ruled in favor of

Grayscale to be able to convert their Bitcoin trust into an ETF. Now, yes, the

SEC has a chance to still appeal that decision, but I can't imagine them

winning this case at this point. Now, as you can see, there's a possibility that

these ETFs can be approved earlier on, and it could come as early as October or

January. But knowing how the SEC moves, they're probably gonna try to delay it

as long as they can. But either way, because when all of these asset managers

are able to offer Bitcoin to their clients, you're looking at a tsunami of

billions of dollars that are going to flood the Bitcoin market. And with the

limited amount of Bitcoins that are actually being traded right now, that

there are not enough Bitcoins to be able to satisfy the cravings of Wall

Street. And that's why I believe the price of Bitcoin is gonna go to at

least a hundred fifty to two hundred thousand by end of 2025 to early 2026,

roughly 18 months after the next halvening. And it is my sincere hope that

Filipinos are gonna be able to get a chance to be able to buy Bitcoin at

these prices before the big asset managers get their hands on Bitcoin.

Because you can bet that once they come in, Bitcoin's price will never be in

these levels ever again. And just as a reminder, I'm not a financial analyst and

nothing I say is considered financial advice. I'm just sharing with you my

thoughts on it and my findings, and make sure to do your own research. And if you

are interested in buying Bitcoin, I'll share with you the links to all the

different exchanges and wallets that I use to be able to buy Bitcoin. This is

Chris Tan, and I hope you enjoyed that video. And if you did, subscribe to my

YouTube channel and click on that notification bell so you're notified of

my latest videos. Thanks so much everyone. I'll see you on the next video.