SpyMasterTrades on Nostr: Here's my video on Bitcoin's Power Law Corridor for those who haven't yet seen it, ...
Here's my video on Bitcoin's Power Law Corridor for those who haven't yet seen it, and who would like to watch.
In this video, I explain how Bitcoin's price action appears as a straight line when you logarithmically scale time and price, but I note that Bitcoin's growth may become hyperbolic during the fiat hyperinflation stage.
https://youtu.be/6jfl6LjDIbQ
I also explain why #Bitcoin is becoming the new unit of account and global risk-free asset. Bitcoin is far more efficient than gold at serving as a monetary base. Those who accumulate gold rather than Bitcoin will likely come to regret their decision over the long term as the chart clearly shows the price time series of gold decaying against that of Bitcoin.
Many proponents of gold argue that it is inherently more valuable than Bitcoin because of its physicality. However, in the years and decades ahead, physical and digital existences will increasingly become intertwined. Additionally, technology (such as nuclear fusion) will eventually make gold production increasingly cost-effective and render it susceptible to dilution. Whereas Bitcoin's supply is immune from this eventual problem.
However, technological advancement will not stop at Bitcoin. My latest chart research finds that other cryptocurrencies, including #Ether, #Chainlink, #Solana, #Aave, #Polygon, and more recently, #Kaspa, are gaining cryptocurrency market share over #BTC, reflecting their tendency to strongly compete with Bitcoin over the long term. Some of the charts I have seen are truthfully quite mind-blowing.
Blockchain and similar technologies are not just solving a monetary problem, these technologies are solving a human governance problem. In so much as these technologies decentralize money, they decentralize power. Consequently, these technologies will be increasingly challenged by centralized authorities.
#BTCUSD / #Nostr / #Plebs / #trading / #cryptocurrency / #investing / #fintwit / #KASUSD / #ETHUSD / #AAVEUSD / #LINKUSD / #POL / #MATIC / #MATICUSD / #Sats / #Satoshi / #Decentralized / #LINK / #SOL
In this video, I explain how Bitcoin's price action appears as a straight line when you logarithmically scale time and price, but I note that Bitcoin's growth may become hyperbolic during the fiat hyperinflation stage.
https://youtu.be/6jfl6LjDIbQ
I also explain why #Bitcoin is becoming the new unit of account and global risk-free asset. Bitcoin is far more efficient than gold at serving as a monetary base. Those who accumulate gold rather than Bitcoin will likely come to regret their decision over the long term as the chart clearly shows the price time series of gold decaying against that of Bitcoin.
Many proponents of gold argue that it is inherently more valuable than Bitcoin because of its physicality. However, in the years and decades ahead, physical and digital existences will increasingly become intertwined. Additionally, technology (such as nuclear fusion) will eventually make gold production increasingly cost-effective and render it susceptible to dilution. Whereas Bitcoin's supply is immune from this eventual problem.
However, technological advancement will not stop at Bitcoin. My latest chart research finds that other cryptocurrencies, including #Ether, #Chainlink, #Solana, #Aave, #Polygon, and more recently, #Kaspa, are gaining cryptocurrency market share over #BTC, reflecting their tendency to strongly compete with Bitcoin over the long term. Some of the charts I have seen are truthfully quite mind-blowing.
Blockchain and similar technologies are not just solving a monetary problem, these technologies are solving a human governance problem. In so much as these technologies decentralize money, they decentralize power. Consequently, these technologies will be increasingly challenged by centralized authorities.
#BTCUSD / #Nostr / #Plebs / #trading / #cryptocurrency / #investing / #fintwit / #KASUSD / #ETHUSD / #AAVEUSD / #LINKUSD / #POL / #MATIC / #MATICUSD / #Sats / #Satoshi / #Decentralized / #LINK / #SOL