Not ego driven at all. And, I wish you the best in your #Bitcoin "investment" - after all, a LOT of people made a LOT of money during 1636-37 Tulip mania. I am, however, a student of economics, and economic history. And, history shows, private currencies, which #Bitcoin would be given it's not issued by the state, have ALWAYS been disasters, due, mainly, to fraud. Furthermore, ANYONE arguing for #Bitcoin , is, de facto, arguing for the US dollar to lose its reserve currency status, which would likely cause the LITERAL collapse of the USA via hyper-inflation. Beyond my views that #Bitcoin , as the late/great Charlie Munger said, is INDEED "RAT POISION", I LOVE THE USA. 🇺🇸 🪖🫡
Did you know that Midjourney has a parameter called --tile?
It's very powerful, but most people don't know how to use it.
Here are 10 practical ways to use this parameter:
Rarely do I see a log - log plot of #Bitcoin. This one is log10 Price (USD) monthly since 2 block years elapsed, price < $1. Next Halving is 16 block years (log10 is 1.204). Model a straight line of slope 5.4 (a power law of price vs. block years^5.4). σ ~ factor 2. #DragonYear
10 Crypto Predictions for 2024
Note: Predictions are not guarantees and are not investment advice.
Prediction 1: Bitcoin will trade above $80,000, setting a new all-time high.
How confident am I in the long-term performance of #bitcoin? In other words, how stable is that green line on the green chart below, around which the red model price fluctuates in a 4-year cycle? I will show you another chart to convey how strong my belief is...
Be careful what you wish for. The promise of a U.S. listed spot #BitcoinETF has been supporting the #Bitcoin price and speculative demand for years. Once the ETFs are launched and the highly anticipated institutional and other new investor demand does not show up, look out below!