See those 3 red bitcoin pumps, after all 3 halvings (every 210,000 blocks/~4y)? Stock-to-Flow haters want you to believe that was random, a spurious correlation. IMO S2F will be correct again, and we will see another red pump after April 2024 halving. Time will tell🤞
#Bitcoin price is sideways because of Wall St is selling futures contract in a macro risk-off trade. Meanwhile institutional money is scooping spot BTC at peak rates and moving to cold storage.
It's times like these I remember the Q4 2020 supply shock squeeze.
Former BitMEX CEO, Arthur Hayes, seems a bit too happy about #Bitcoin and predicts the crypto hitting $1 million by the end of the decade.
He also forecasts the European Union is finished. https://t.co/cSIEFQcmbI
Crypto custody firm @FireblocksHQ says there's been a $500 million DeFi stampede into @terra_money in just one week.
By @IanAllison123
https://t.co/7FTG67CJCN