Caleb, given that there is a significant decay in the price appreciation in every successive bitcoin bull market, wouldn’t we expect Bitcoin to rise significantly less than 280% in this bull market? I feel like many investors made that mistake holding out for higher prices last cycle (including me).
Do you think the miners are getting hit because BTC demand >>>>>> BTC supply. The best of the miners is mining ~ 700 bitcoin per month, the HODL that they have is all the value basically and with this kind of demand from tradfi, miners don't have the same value add per say as to what was expected earlier. If you are tradfi and you want more and more BTC its either going to come from GBTC holders or people who have been hodling BTC not from the miners right now. BlackRock is trying to get 6000 BTC per day that's 25x of what the best miner produces per month.
Been with you long time. Keep it up
Big Dog Franzen doing big things in bitcoin.
Caleb, given that there is a significant decay in the price appreciation in every successive bitcoin bull market, wouldn’t we expect Bitcoin to rise significantly less than 280% in this bull market? I feel like many investors made that mistake holding out for higher prices last cycle (including me).
What do you mean when you write “this current cycle”?
Do you think the miners are getting hit because BTC demand >>>>>> BTC supply. The best of the miners is mining ~ 700 bitcoin per month, the HODL that they have is all the value basically and with this kind of demand from tradfi, miners don't have the same value add per say as to what was expected earlier. If you are tradfi and you want more and more BTC its either going to come from GBTC holders or people who have been hodling BTC not from the miners right now. BlackRock is trying to get 6000 BTC per day that's 25x of what the best miner produces per month.