Bitcoin Growth Rate is rising more steeply now than after the 2016-halving, more similar to the post-2012-halving era.
Lockdowns help people discover that the fiat system is ending and that bitcoin was made for this.
Figure: BTC issuance [USD/block] rel. to integrated value [USD] in %/yr. Note the logarithmic scale!
@jimmysong This raises again the question: is there a place/role for a freedom-coin in a world where the powers that be are systematically removing any type of freedom and the people tacitly accept this.
Here is why $100k is inevitable/conservative:
- QE widens wealth gap
- poor see no inflation in goods/services bought by poor
- wealthy see huge inflation in assets owned by wealthy
- wealthy want to protect their wealth and search for the best anti-inflation, scarce asset
- network effect makes bitcoin more attractive+reliable the bigger it gets
- digital > analog (gold is dead)
- Each wealthy individual brings much wealth to network, not one unit per person
- perpetual pump -> coins are HODLed
Bitcoin Growth Rate is rising more steeply now than after the 2016-halving, more similar to the post-2012-halving era.
Lockdowns help people discover that the fiat system is ending and that bitcoin was made for this.
Figure: BTC issuance [USD/block] rel. to integrated value [USD] in %/yr. Note the logarithmic scale!
Is HFSP effective to say to friends?
I mentioned this in a group of friends after we chatted about BTC for a while and they decided to wait a bit more.
Not sure if that was effective...
Do you guys know of any market analysts on bitcoinhackers? I'd love to follow a few people such as Willy Woo, who doesn't seem to be here yet. Any suggestions? Thanks!
Do you guys not miss the bitcoin critics here?
