Absolute scarcity and the halving results in fewer coins being competed for on the supply side all the while more demand is coming into the market. The price moves should be exponential and - yes - we should approach “infinity” (as you say it) relatively quickly vs. slowly grinding there via the power law.
Why would anyone who understand bitcoin own real estate as an asset for storing value, for example? Why would anyone own a treasury that has a 4+ year duration? All that capital is coming for bitcoin. All the while, just a little less than 95% of bitcoins are already in circulation. And they’re increasingly in hodlers hands.
Those nation states mining with a manipulated cost of capital absolute wrecking the publicly traded miners right now.
But but but David Bailey said to “long your longs” (1/18/2025) because the US government was coming!
Just buy bitcoin. It gets you rich and it fixes clown world. Win win.
We’re in a supercycle. Just a question of whether it’s 1-year or 10-years
Gotta be the banks or the executive branch or the states … or someone we don’t know about yet.
I wonder if DOGE can figure out who is funding Drudgereport…the tone is incredibly provactive towards Trump and his agenda. Feels like the neocon lobbyists have the purse strings on drudge
Looks at how the institutional traders are suppressing Bitcoin volatility. Think they can do this forever?
Power law implicitly assumes slower adoption going forward. It is a stupid assumption that doesn’t hold to logic.
As water approaches the drain it goes faster, not slower. A vortex only grows. nostr:note1ug4keavp4zkq2wqgtqzp4jr7gefm4grg3jdqwvelujrjqd2qyasqx0g3rt
The power law model is a psyop to keep normies from becoming maxis. Very disappointing to see how much play it is getting this cycle.
Yes but the FTX manipulation was very significant. Huge in both paper bitcoin as well as blow to retail confidence.
Nation states need to announce their stack in bitcoin terms.
I don’t care about your dollar cost basis…what % of the future are you owning. That’s what’s interesting.
The next step will be explaining how you expect to keep (or grow) it.
We’re consolidating for 1-month at 97k as nation states announce that they’re allocating to bitcoin. Holy hell the next leg(s) up should be something to behold.
When this dude starts wearing suits instead of conflict fatigues I will know that he is no longer useful to his masters. nostr:note1ygmmwccn3d2a4hjxpv7scjz6tlyk39hpzghf66xhldh72hy3dclq5jzgew
Well … $200k by Valentine’s Day turned out not to be a thing.
Worst. Bull. Run. Ever. (So far.) nostr:note1hxszr6hvrz3he69tfgt8364zcfr9d99x3xs45a4h644ke6hhm98sd3h7uf
True … have to prove a money technology has the ability to be valuable first.
Weak stack … come on Abu Dhabi … do better. nostr:note13pn9mg8mgpa8pagmy87cjc72wuqjajpjcce433ggc794v9aksppqj0rpfx