“Time Preference”- 18th Edition

1) # Full nodes (reachable) - 16,650 (+0.51%)

2) # LN nodes - 13,903 (-1.45%)

3) LN capacity (BTC) - 5,324 (+0.41%)

4) BTC addresses > 1M sats - 12.28M (-0.24%)

5) BTC addresses > 10M sats - 4.49M (-0.04%)

6) BTC addresses > 100M sats - 1.02M (-0.08%)

7) Hashrate (EH/s) - 449 (+0.45%)

8) Price - $30,538 (+15.12%) (Sunday close)

9 Price/Hashrate - 77 (+14.61%)

10) Michigan businesses accepting BTC (btcmap.org) - 22 (n/c)

* % change figures from prev.

We knew this as the majority of price movement came early in the week but the week closed and it sure was a bruiser. +15%!!! Wild. That's the 4th 15% or more price increase this year, the largest was week of March 13th, a 26.47% increase on the weekly chart.

The reality is, this whole year we've watched Bitcoin move to the beat of it's own drum. The most comparable asset performance on the weekly basis still seems to be Gold. I just don't know when the rest of the investment world fully comprehends this - When it happens, watch out.

Not a lot of movement in the network itself, decreases in most metrics. Will be curious to see how address count reacts to the price run up in the next few weeks. Of note to me is the continued decline in # of LN nodes. It's tough to run a node right now and has been for quite some time. Force closures are costly and fees are minimal.

Have a great weekend!

#bitcoin #timepreference #mining #Einundzwanzig #michigan #lightningnetwork⚡️