Bitcoin realized price (cost base) is rising, but still very slowly (5-10% per month: green). Current market is comparable with mid-2012, begin-2017, Oct-2020 (green). Interesting times ahead🚀
BTC ETFs AUM: $53.1B
GLD AUM: $56.9B
2 months into launch BTC ETFs AUM is a stone away from surpassing the largest gold ETF.
Moreover, total flows into new spot BTC ETFs over past 2 months exceeded total flows into all physical gold ETFs over past 5 years.
The store of value flippening is underway. Incredible.
So you think we're in a bull market?
We're not, this has been the warm up. A full fundamentals driven bull market is marked by a break of the upper blue band.
When it breaks, TradFi is in for a shock.
S2F chart with extra grid-lines! This makes it easier to read the log scale. So, S2F model predicts 0.4*110^3 = $532k average bitcoin price for 2024-2028 cycle (grey line), not $700k or $900k. Explanation of log scales and S2F chart in this video:
https://t.co/noaqjdlmqV
Yep, we found a block already.
The generation TX wasn't correct - all the btc will go where they're supposed to of course after ~100 block cooldown. Website confused/will be updated asap.
This is insanely lucky and all the early OCEAN adopters just made a fortune.
@AchimWar 99.9% of all ₿ will be issued by 2048 (less than 20 508 ₿ after that). The 13th halving in ~2060 will drop the subsidy below the fees of a full 4 Mwu block at `minRelayTxFeeRate`. By 2062, 99.99% will be issued and only 10 ₿ will be issued after 2092. https://t.co/Seh0EqaHTX