Jackkluz on Nostr: Adoption is really just the amount of current bitcoin vs 21 Million in which ...
Adoption is really just the amount of current bitcoin vs 21 Million in which conversion from the $$ to btc is solely a one-way function (ie energy permanently flowing into a closed system).
Bitcoin is going out of circulation vs the dollar. Finite math doesn’t care. Up.
#Bitcoin spot scarcity is being realized. Spot price doesn’t care, someone trying to buy & cannot without pushing price way higher. Physical constraint, price go up.
No one can provide liquidity to go on chain with this scarcity and these prices. Futures can’t hold it down unless physically settling.
The spot price is the ONLY price that matters when people demand full custody of their bitcoin. How do you defend the price of something when you don’t physically own enough of it and must pay with it?
#Bitcoin $BTC $BTC.D
Bitcoin is going out of circulation vs the dollar. Finite math doesn’t care. Up.
#Bitcoin spot scarcity is being realized. Spot price doesn’t care, someone trying to buy & cannot without pushing price way higher. Physical constraint, price go up.
No one can provide liquidity to go on chain with this scarcity and these prices. Futures can’t hold it down unless physically settling.
The spot price is the ONLY price that matters when people demand full custody of their bitcoin. How do you defend the price of something when you don’t physically own enough of it and must pay with it?
#Bitcoin $BTC $BTC.D