Blockware Intelligence

| #Bitcoin, Mining, Macro, and More | Research and Content Arm of @BlockwareTeam

[Blockware Intelligence @BlockwareIntel]

Four Reasons to Be Bullish on #Bitcoin 🧵👇

1. Rising Global Liquidity

The M2 Money Supply has increased on a year-over-year basis. When the supply of fiat money expands, Bitcoin is one of the top beneficiaries due to its limited supply of 21,000,000.

2. End of the Miner Capitulation

Mining difficulty is set to adjust upward later today which indicates that post-halving miner capitulation is nearing its end. The miners made unprofitable by the block subsidy dropping the 3.125 have exhausted their reserves, and the market will soon feel the effects of the drop in available supply.

3. "Risk On"

BTC price action has been relatively stagnant for the past three months due to its native sell pressures: German Coins, struggling Miners, etc. Meanwhile, major stock indices have pushed to new all-time highs, showing that the market is firmly "risk on" right now. As the selling pressure native to Bitcoin subsides, risk-seeking capital will continue to bid the price up, as it did in Q1 of this year.

4.  Bitcoin is Receiving Political Favor in US

The front runner for the next POTUS, along with two other presidential candidates, will be speaking at the world's largest Bitcoin conference (@TheBitcoinConf) next week in Nashville, TN.

[Mitchell Askew @MitchellAskew]

Explaining the Bitcoin Miner Profitability Spread

Positive when Miner Revenue ∆ > Difficulty ∆
Negative when Difficulty ∆ > Miner Revenue ∆

The spread flipping positive after the halving has historically signaled the start of the parabolic bull run

Listen here:

[Blockware @Blockware]

🚨Enter: Hashrate Hackers

Ordinals x #BTC Mining ⛏️

[Blockware @Blockware]

🚨 @matthew_sigel made waves on BT for his bullish prediction on CNBC:

"We arrive at a $3,000,000 price target for Bitcoin"

@mitchellaskew interviewed VanEck's Head of Digital Asset Research to get his thoughts on:

> #Bitcoin / Crypto
> The Election's Impact on Markets
> Bitcoin Miners
> US Capital Markets
> and more!

Check it out! 👇

[Mitchell Askew @MitchellAskew]

Paul Tudor Jones: "All roads lead to inflation"

Me in the latest report for @blockware: "Over the long-term, fiat liquidity must increase in order to subsidize the debt payments of large fiscal deficits.

Trad-Fi talking heads are now saying the same thing that Bitcoin'ers have been saying for years:

Permanently high inflation is inevitable

If you save in dollars and/or fixed income, you are going to lose everything

#Bitcoin is the life raft

https://t.co/oUMzGE7qNg

[Mitchell Askew @MitchellAskew]

🧠BTC / AI / Mining Thesis Explained:

Under no circumstances can The Fed / Treasury / Congress have **deflation.**

If nominal prices fall, nominal GDP will fall, nominal tax revenues will fall, and Congress will be unable to pay back the money it has borrowed through the issuance of Treasury bonds.

AI is in the process of radically increasing productivity, which naturally drives prices down (deflation). If the entire economy was not built on debt, this would be a great thing.

However, to avoid a collapse of the debt Ponzi, the supply of dollars will increase in order to offset what would otherwise be a drop in prices.

The amount of newly created dollars necessary to achieve this will make the 2020 stimulus look tiny in comparison.

The price of scarce assets will soar as investors rush to protect the value of their capital.

Bitcoin -- with its limited supply of 21,000,000, global accessibility, zero counterparty risk, etc. -- will be the largest beneficiary of this inflation.

Subsequently, Bitcoin miners -- who acquire BTC by converting energy rather than dollars (exchange rate of kWh/BTC vs $/BTC) -- will thrive under these circumstances.

While the fiat price of BTC soars, the cost of production for miners will remain relatively fixed (marginal increase with rising network difficulty).

BTC will preserve your purchasing power, and mining allows you to accumulate BTC at a much lower cost than by purchasing directly with dollars.

If you're interested in mining, then reply to this post or send me a DM and my colleagues at @blockware can get you set up.

We have machines that are available for purchase with zero lead time!

[Mason Jappa @Hashrate]

Strategically deploying capital into #Bitcoin mining at the start of a new halving epoch has historically lead to mining outperforming spot #BTC itself.

The chart here analyzes the performance of Mining vs Spot Bitcoin during the 2020-2024 halving epoch.

The white line measures the performance of an S19 purchased at the 2020 halving, mining with a rate of $0.078/kWh, and holding all the BTC mined after paying electricity costs.

The green line measures the same thing, but is inclusive of the resale value of the S19. The orange line measures the performance of spot BTC.

Mining Bitcoin outperformed buying Bitcoin 971% to 627% !!!

Including the resale value of the machine, the performance of Bitcoin mining jumps to 1,016%.

While past performance is not indicative of future results, all signs are pointing towards another BTC bull market in 2025.

Mining will allow you to capture the most benefit in this scenario.

Blockware has miners online right now that you can purchase. We have all of the latest and greatest machines available.

Email [email protected] and our team will be in contact! We offer a white-glove service for all of our clients!

Happy Mining

[Blockware @Blockware]

How high will the $MSTR premium go? 🤔

[Mitchell Askew @MitchellAskew]

“Realized Cap HODL Waves” is an underrated on-chain metric

This is a blend of the famous "HODL Waves" and "Realized Price" metrics

It shows us how much of the network’s realized market cap is attributable to various cohorts of holding duration. In other words, "who has the most chips on the table."

Notice the older cohorts (darker shade) comprise a smaller portion. This is because someone who last moved their BTC 10+ years ago did so at a much lower $ price. So while their BTC is valuable, in terms of the total value being stored in the network they attributed very little compared to someone buying an equivalent amount of BTC at current day prices.

Peaks in Long-Term Realized Cap HODL Waves mean that most of the value stored in the network has been done so by those who are inherently much less likely to sell their coins.

Right now long-term holders represent more than 60% of the value in the network -- which bears a strong resemblance to the onset of previous bull markets.

[Blockware @Blockware]

🚨 This Bitcoin Mining Case Study Will SHOCK You 🫵🙀

How much will an Antminer S21 earn over the next 4 years if BTC hits $400,000 per coin?

Let's find out! 🧵👇

[Blockware Intelligence @BlockwareIntel]

High Signal Pod 👇

[Blockware @Blockware]

🚨 New Blockware Podcast: @mitchellaskew x @IIICapital

We welcome back former Blockware employee Joe Burnett to discuss:

- Why BTC stores wealth better than stocks
- Gold All-Time High & what it means for BTC
- Why "Cashflow" is overrated
- Can you actually get "yield" on BTC?
- Bitcoin ETF Options
- Will AI Replace College?

Check it out! 👇

[Blockware @Blockware]

BTC 🤝 Global Liqudity

- Fed is cutting rates
- ECB is cutting rates
- China is using QE Bazooka

Nobody is bullish enough 🚀

[Blockware @Blockware]

This week's market update is live!

We cover:

- BTC to $66,000
- Chinese QE
- Implications of Gold & $SPX all-time highs
- Rising Long Duration Treasury Yields
- BTC Short Liquidations (lack thereof)
- Swan Mining Lawsuit

Check it out! 👇

https://t.co/Eflw6OPSWA

[Blockware @Blockware]

Over the next few days we will be rolling out a series of #Bitcoin educational videos on our YouTube

This is part of our "Blockware Learn" initiative to provide free content on all things Bitcoin & Mining - starting with the basics

Check out Ep. 1 here:

https://t.co/iXhzcYarFA

[Blockware @Blockware]

🚨Introducing Blockware Learn 📚

No longer must you send friends & clients to dozens of different places to learn about #Bitcoin & Bitcoin mining.

We've compiled everything you need to know into 9 simplified modules 👇

https://t.co/Md3kxQqAsP

[Mitchell Askew @MitchellAskew]

Since the halving five months ago, total network hashrate is down ~2%.

- Hashrate (14DMA) on Halving Day: 637.7 EH/s
- Hashrate (14DMA) Today: 624.0 EH/s

The cornerstone of @blockware's latest research report is the idea that hashrate/difficulty growth is slowing down.

This trend is in full effect thus far in this halving epoch - and it's only going to be greater as large scale miners pivot operations away from pureplay BTC mining and into AI/HPC

Continued "diminishing returns" in hashrate growth this cycle creates a huge opportunity for incumbent #Bitcoin miners if/when BTC price begins to rip

> Price grows by (X%) in (Z months)
> Hashrate grows by (X - Y%) (Z + 12 months)

[Blockware @Blockware]

Don’t buy $IBIT calls.

Buy ASICs and mine #Bitcoin yourself

Mining is the best way to get “long”

- ASIC prices correlated to BTC price
- Produce BTC for less than market price
- Accumulate BTC directly to cold storage

[Blockware @Blockware]

#Bitcoin miners when difficulty drops 5%:

[Blockware @Blockware]

BTC ripping and difficulty on track to drop 6% next week 🚀

[Blockware @Blockware]

Blockware CEO, @hashrate, quoted in this @cryptonews article discussing Federal Reserve interest rate policy and what this means for #Bitcoin

“In the long term, the rate cuts are, of course, bullish. This will incentivize more credit creation, increasing net liquidity, as well as incentivize investors into risk-on assets as treasury yields come down.”

https://t.co/KTDRDub4L5

[Blockware Intelligence @BlockwareIntel]

#Bitcoin hashrate/difficulty just hit a new all-time high

Will we see 700 EH/s before the end of the year? 🤔👇