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Bitcoin today vs. 2017 price.
|Kurt Grela||May 30|
is heavily underappreciated compared to its economic throughput. As underappreciated as it was in the March, 2020 crash. This insight is provided by the NVT metric, the ratio of the market cap to the transferred on-chain volume in USD.
76.7% of BTC supply is illiquid. (in strong-hands) This trends up only over time. At the same time, demand for BTC (new users) is growing exponentially. Bitcoin price only has one way to go in the long term.
Pack it up guys, this was it. ’s network effect will suddenly stop here. OR Have a look at these charts:
Whoever is selling right now and is calling the bear market... Here’s news for you. We’ve yet to take off. We’re sitting at roughly 2x the last cycle high. Here’s what happened last time... 🔥🚀
The fact that US schools don’t teach kids how to invest, allocate capital, and grow wealth as opposed to “being a good little worker” should tell you everything you need to know about many government institutions. They don’t want you to be free. Why would they.
The level of fear in this market is getting me really excited. $35k or $15k ultimately makes no difference. Stack and wait.
Wall Street be warned: be prepared for a volatile decade of disruption. https://t.co/jltzLv5mgS
Scott Minerd @ScottMinerdCrypto investors be warned: be prepared for a volatile holiday weekend.
I've been talking with people familiar with the backroom deals between token projects and influencers. YouTubers and podcasters get super cheap allocations to shill a coin to their audience. In some cases if an influencer doesn't shill enough they can terminate their allocation.
I think it’s pretty simple. If a project has given you $ or a sweetheart deal and you are writing about it/shilling it to the world, then you should disclose that prior relationship
"We don't believe that crypto assets can serve the function of money or of a stable store of value because of their volatility," IMF's Tommaso Mancini-Griffoli says on . Watch the full interview: coindesk.com/video/crypto-c…