It can sometimes be overwhelming trying to explain the many reasons to support #Bitcoin. We tried to lay it out in 10 simple ways, along with links to longer form resources for each.
https://t.co/Fi2NpoglTa
Bitcoin looks cheap.
If it regains the 35x XBT/XAU cross implied by current levels of the Buffett Indicator, we're looking at $160k, and that's just catching up to where equities already are.
January 1st vs. Today:
Going to need to let this play out. The coins that are bring sold out of fear from above and below need to be gobbled up by those who see #bitcoin at value prices and being to now overwhelm any selling.
The good news is that #bitcoin is approaching and beginning the process of bottoming out, with this, comes an opportunity to purchase bitcoin at deep and historic value, in which it is has been priced this low for less than 15% of the time. The bad news is it could go a little lower and it could take some time to reset. Either way, if you were looking to add bitcoin anywhere from $125,000 to today, you are getting a lot more for your money.
This is a significant write up by @_Checkmatey_ . If you have that feeling of uncertainty and fear, this will help reset on where things are. Maybe a little more down is needed but all the “easy work” for the bears is now done. Read and reset.
https://t.co/iilf03dpBw
Bitcoin is currently battling that STH cost basis of $113,227. It broke above it fairly convincingly yesterday and now it’s taking a crack at seeing if it can hold today. Need to Braveheart here and then go.
This is a must listen for the current state of the #bitcoin market and the relationship/impact that liquidity, equities and gold have had and will have on bitcoin moving forward. With Michael Howell, @qthomp and @fejau_inc@ForwardGuidance@blockworks
https://t.co/l8eotIczdd