YES. Hodlers are accumulating at a rate of 2.5x in excess of the total daily supply available and taking it off the market for the long term. The structures leading up to this run are different but the trigger will depend massively on when spot ETF's come online. I don't know Blackrock's roadmap. I am extremely optimistic about Bitcoins immediate future.

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Its temporary. In about 8 months athere is going to be alot of second guessing regarding using BTC as a store of value. But lets see.