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Europe is secretly buying Bitcoin and This is going to push Bitcoin to All-time highs not only this cycle but This year in 2024 because we have European central banks now adding Bitcoin to their balance sheets and Folks I'm talking about the central Banks of Norway and Switzerland are Disclosing massive micro strategy Holdings if you don't know what micro Strategy is micro strategy now holds More than 1% of all the Bitcoin that Will ever be created and if we look at The picture right here they don't sell Their Bitcoin they just keep Accumulating more people so this is a Great leverage bet on buying more and More Bitcoin so you can see here the Central banks of Norway and Switzerland Have now disclosed their substantial Holdings after their most recent filings And this is actually important because They have much larger gdps than I Initially expected they're both Basically top 10 European countries when It comes to the size of their economies Here we have the full breakdown Germany Is the largest economy in Europe and you Can see very shortly down the list you Have Switzerland and Norway fighting for These top 10 spots Norway is actually Ranked number 11 here so much larger Than a lot of these other European Nations here but what are the specific
Takeaways with these central banks Buying Bitcoin well we have the Specifics here the Central Bank of Norway is called noris bank and they own 1.1 million shares of micro strategy I Did a little research into noris bank They're actually responsible for Managing the government pension fund of Norway the reason that's important this Is the world's largest Sovereign wealth Fund and also they also control their Foreign exchange reserves the other Specific takeaway here it is the Swiss National Bank as the Central Bank of Switzerland here looking at them they Are responsible for their monetary Policy and the sole issuer of Swiss Frank Bank notes so we literally have The person in charge of printing Swiss Bank notes is now buying Bitcoin are They printing money to buy Bitcoin you Bet your bottom dollar they are and what I also find bullish this is a 60% Increase over last quarter now let's Start doing the math on what this means For how much Bitcoin they hold and what Is bitcoin price going to reflect later On in the cycle well here we have Quinton 048 he broke it down for us Norwegian Bank bought 1.12 million Shares of micro strategy and the Swiss Bank bought 466,000 and we have someone They did the math for the Swiss Central Bank and we're going to do the math for
Norway here Swiss central bank now owns 514 Bitcoin through their micro strategy Stock there is a metric in which you can Measure this and you can see the Bitcoin Per share of micro strategy because we Know how much bit coin they hold and we Know what the company is worth and you Divide the number of shares by the Number of Bitcoin and you get this Number right here so we have the Swiss Total let's go ahead and do the math for Norway everybody you saw the number here A, 123,00 shares of micro strategy I have That number here 1.1 million this is the Amount of Bitcoin per share and we hit The equal button over a000 Bitcoin is Now held by this European Central Bank But I told you I was going to give you a Price prediction I have a great metric To tell you what I think Bitcoin is Going to be worth from these moves of These central banks buying Bitcoin to do That we got to look at the market cap of Gold and so here we have the top assets By market cap it has public companies Precious metals and Cryptocurrencies gold is the largest Market cap of all assets at $16 trillion But Bitcoin is no slouch either it is in The top 10 and the entire amount of Bitcoin is worth $1.17 to trillion so my Thesis is with all these central banks Literally printing money and buying
Bitcoin exposure I think Bitcoin will Replace gold as an asset class held by These central banks so I think Bitcoin Will reach the market cap of gold Eventually so let's go ahead and do that Math gold is worth 16.67 trillion Bitcoin is worth 1.72 so we go ahead and divide here and Bitcoin will do a 14x if it were to reach the price of Gold but what are we multiplying 14.2 by We're multiplying it by the price of Bitcoin which just fell below $60,000 Now it looks like some Mount gox Bitcoins on the move maybe the Governments are colluding to lower the Price of Bitcoin so they can then buy More Bitcoin as they print dollars now Bitcoin is 59,230 and if we do the math to see what Bitcoin's price would be if it reached The market cap of gold we hit the equal Button and you're looking at a $843,000 Bitcoin that is the potential of Bitcoin I do think Bitcoin is going to replace Gold on all of these balance sheets Eventually I think Norway and Switzerland they're just getting ahead Of the curve now if you're wondering why Are they buying micro strategy and just Getting regular Bitcoin exposure they Have a lot of rules and regulations on Buying risky assets and so this is their
Secret backdoor method of AC crewing Bitcoin on their balance sheets folks The moves are happening right now the Dominoes are falling the governments are Adding Bitcoin to their balance sheet The only question is have you added Bitcoin to your portfolio but I already Know that you are and you're hitting That like button and folks I'll see you Your diamond Hannah Bitcoin at the top
