Whenever you see Bitcoin's price drop, check the power law chart.
Bitcoin's price currently sits at around $66,000 per coin.
The support level (that Bitcoin has never dipped under), is c.$58,600.
It's linear value (ie the green line), suggests Bitcoin should be around $165k per coin today.
The resistance line, that it surpassed in 2014, hit in 2018 and got 70% of the way to hitting it in 2021, is $581k today.
This tells me one thing: Bitcoin is undervalued, underappreciated & misunderstood.
For those that understand what it is, this is an opportunity.
This is like $5k in 2020, or $16k in 2022.
What would you give for an opportunity to buy at $16k again?
We'll be speaking of $60k in the same way in 2029.
There are calls that Bitcoin is dead. That this is the start of Bitcoin going to zero. That its going to drop to $40k before miraculously returning to an ATH.
All predictions made by people who are using emotion, rather than historical data & math.
Bitcoin as incredibly oversold at these prices.
It wont stay like this forever. Those hoping it fails are going to be in the wrong side of history.
I'm buying more.
It is a lonely job being the USA ambassador to Denmark these days.
Previous USA ambassadors were treated like rock stars and were very popular in Denmark which has always been a very pro-American country. But that is over now.
The current ambassador, Ken Howery, @USAmbDenmark was sent to Denmark last year accompanied by a message from Trump that his job is to secure U.S. control over Greenland.
He keeps posting BS on social media about how he wants to deepen ties between Denmark and the USA. But you have to choose. You can't both try to take Greenland and have good relations with Denmark.
As a result, he is treated like the enemy that he is, and nobody wants to socialize with him.
A Danish newspaper recently spotted him going undercover as a Danish football fan at a carnival. He has to dress up and hide like this to be able to go out and be among the Danes.
🇺🇸🇺🇸💪💪Arnold Schwarzenegger sharply criticized the President of the United States, Donald Trump, calling him a “failed leader” and predicting that history will judge his presidency negatively.
In a blunt statement, Schwarzenegger said that Trump would be remembered as the worst president in U.S. history and suggested that his legacy would quickly fade.
“You are a failed leader. History will record that you are the worst president in the history of America. But the good thing is that you will soon be forgotten, like an old tweet,” Schwarzenegger said.
Google went public in August 2004, and went up 100x from there. But it started at 23 Billion.
Anthropic and Open AI are starting at 1 Trillion.
The difference is not only the valuation, it's the fact that at least 4 players are competing neck and neck for LLMs.
All of them are losing massive amounts of money. Google, in contrast was highly profitable.
AI is going to change the world. But I am not completely convinced about these AI companies.
In contrast, Bitcoin has no competition, and its cheap. All the money printing in the next decade will make it immensely valuable.
For us Michiganders, Canada isn’t just an ally — they’re our cousins. It’s in our economic and national security interest to treat our neighbors — with whom we share bonds, family, experiences and especially... hockey — with respect.
Not this.
Heokstra, although you hold the title of Ambassador, you are nothing of the sort.
You are a Trojan Horse sent to sow discord in Canada.
Ottawa should summon him and investigate his link to separatism.
#cdnpoli#polqc
Countertrend rallies are normal in bear markets. They always last long enough to truly convince the bulls that "this time is different."
Bitcoin tends to be weak in midterm years, and no amount of mental gymnastics changes that.
Bitcoin's 4-year moving average is right at $60,000.
Bitcoin is only 22.75% above its 4-year moving average.
Historically, only about 18.5% of valid days had a lower deviation.
About 81.5% of days were more expensive relative to the 4Y MA.
Buying BTC when it was in this same cheap percentile band versus the 4Y MA would have turned every $10,000 deployed into about $56.6K, compared with about $40.2K from daily DCA over the same window.
BTC at today’s 4Y-MA percentile has historically been a high-quality accumulation zone.
Bitcoins can only be seized if the relevant private keys are compromised, there’s no central operator who can freeze UTXOs like there is with stablecoins or crypto exchange accounts.
TUCKER CARLSON: "Why wouldn't Bitcoin be the new world reserve currency?"
"Clearly there needs to be a new world reserve currency. You don't want it to be one owned by a geopolitical rival."
Bitcoin is approaching a tipping point, and almost nobody sees it coming.
The BlackRock bitcoin ETF was one of the most successful ETF launches in history. We now have publicly traded companies issuing low-volatility USD instruments to buy bitcoin. We have the President of the United States saying America will be the bitcoin capital of the world, while the USD debt crisis only continues to worsen.
At the same time, many bitcoiners’ sentiment is absolutely terrible. They think the ETFs are a negative. They think issuing low-volatility USD instruments to acquire bitcoin is a negative.
I believe that view is deeply mistaken. The hive mind of market participants operating in open, free public markets is learning it can print abundant, low-volatility USD instruments to acquire an absolutely scarce asset.
Be prepared to possibly watch bitcoin melt faces over the coming 12 to 24 months.
Alberta belongs in Canada.
Danielle Smith is playing a dangerous game, giving oxygen and credibility to far right separatists.
Albertans deserve better.