Looks like avg hashrate now around 360 for 2023

2 all time highs in this metric so far topping at a flaming 413 on Feb 27th

You may ask “why isn’t price following hash?”

Couple reasons

1: delayed metric: but this delay is longer than usual I agree if Bitcoin becomes 100% decentralised it needs to decouple from legacy markets which it has yet to do

2: paper bitcoin is increasing rapidly, more futures products globally are now available which in a short story creates a silver bullion style manipulation

3: lack of a large buyer Terra Luna was the big 2022 buyer up until they collapsed, apart from Microstrategy we have yet to see another large buyer come in…. Considering there is 11.8% of supply available not that much to go around

4: Bad Tech analysis and bad characters which people are sick of. The recent 30k is a magnet 🧲 40k is a magnet 🧲 really is pissing off a lot of HODLERS needing to see the price go up

5: Delayed promises, volcano bonds are now since the January 2022 have been promised soon with no date to speak of. Multiple institutions saying “we’re about to” and basic Misguidance like that mayor from Miami “we’re moving to bitcoin but here is Miami coin instead”

Everyday the enemies of bitcoin will continue to do what they do best… print, short bitcoin, permit more futures markets

We are lucky that 21 million is all that exists

Now it’s not magic

It’s not going to happen by itself

It needs to be bought and privately held…. 11.8% of supply left

That solves 100% of the paper frauds

Bitcoin wins when this occurs

Starve supply and it’s a massive short squeeze and we pick the price

HODL