Blockchains are the governments of the metaverse and good at adjudicating on-chain entities and on-chain assets.
It’s a category error to apply them to off-chain entities and off-chain assets.
The first #Bitcoin halving occurred on this day 7 years ago. At this time the mining reward halved from 50 to 25 BTC. The price of BTC was only $12! #TheMoreYouKnow 🌈🌟
I present the #Bitcoin S2F Cross Asset Spiral based on @100trillionUSD's Cross Asset Model, but incorporating block-time/halvings. A visual representation of bitcoin’s outwards spiral in search of its marketcap corresponding with its S2F.