Bitcoin is volatile. Thankfully.
I’ve been building a simple crowd behavior simulation to show how volatility naturally emerges with price discovery.
In this sim, volatility is not something we add to the model. It is what the model produces when people disagree, learn at different speeds, and use price itself as information.
https://t.co/W0izzLpamU
1/n
We are experiencing the first bear market in network hashrate in Bitcoin's history.
This is the longest stretch without a new network hashrate ATH in the ASIC era.
~258 days since the last ATH and still ~25% below the peak.
I wrote about this last month: https://t.co/BYCdthC4pS
BREAKING: The first Federal National Mortgage Association-backed mortgage using Bitcoin in the US just closed using Coinbase 🇺🇸
The homebuyer said: “We closed on our home and my Bitcoin stayed intact. We didn’t have to liquidate, didn’t have to time the market” 🙌