Government policy is continually creating inflation in every product, service, & asset price that varies with time, place, & type of consumer. #Inflation has never been low, is always unhealthy, & cannot be described with arithmetic or stopped by simple monetary policy measures.
When large U.S. banks are able to hold #bitcoin on their balance sheets, everyone will want to buy it, no one will need to sell it, and you won't be able to afford it.
https://t.co/x4NfSt00m4
Our BMC survey this quarter showed dramatic improvements in #Bitcoin mining energy efficiency & sustainability. Join us today at 5pm EDT for a live briefing with industry updates from a panel of bitcoin mining CEOs, accompanied by an analyst Q&A session.
https://t.co/RNYv4LZElg
#bitcoin stock-to-flow model predicts $100K by Christmas, time model (diminishing returns, lengthening cycles) $30K. Next months will be key. Note that color overlay is on-chain signal (not time to halving), indicating we are between bottom (blue) and top (red), in line with S2F.