No, Bitcoin is not going to $9K (Patreon)

Lot's of chatter about Bitcoin going to $9K by Gareth, Data Dash and others. 

I do not believe we are going to 9K, not 12K, not even 20K.  There is far too much demand and far too little supply. 

1. LTH's hold 15M Bitcoin: and they are not selling. 
2. 93% of all Bitcoin has now been mined. This means that only 7% of the total supply of Bitcoin is still yet to be mined.
3. The world's largest asset manager, BlackRock, has filed for a Bitcoin spot ETF. This could potentially make it easier for institutional investors to invest in Bitcoin, which could drive up demand. Institutions are coming. 
4. A mysterious wallet has accumulated $3 billion worth of Bitcoin in just 3 months. This suggests that there is strong demand for Bitcoin from large investors. I believe this could be a surrogate for Blackrock.  Mentioned this last Thursday 
5. Europe has gotten its first spot Bitcoin ETF. This is another sign of growing institutional interest in Bitcoin.  This is on top of others in Brazil, Australia Sweden etc
6. Only 6.3% of the total Bitcoin supply is left on exchanges. This means that a lot of Bitcoin is being held by long-term investors, which could reduce the supply available for trading.
7. Bitcoin is about to undergo its third halving in just 238 Days. This will reduce the amount of Bitcoin that is rewarded to miners, which could further drive up demand.

All of these factors are contributing to a Bitcoin supply crunch. This will lead to higher prices for Bitcoin in the future.

Wise words on Twitter inspired this from thescalpingpro