BTCMeansFreedom4All on Nostr: I had a breakthrough today. I can't really detail it for now, but the summarized ...
I had a breakthrough today. I can't really detail it for now, but the summarized version is Bitcoin is not experiencing diminished returns.
The mining ban of 2021 resulted in an approximate 75% reduced bull peak, and that trickled down to all prices afterwards being reduced by 75% of what they would've been.
We should be at about $400k today were it not for China banning Bitcoin mining.
Overall the trendline of Bitcoin's value growth fell on the Y axis due to the mining ban, but the slope remains the same.
The mining ban of 2021 resulted in an approximate 75% reduced bull peak, and that trickled down to all prices afterwards being reduced by 75% of what they would've been.
We should be at about $400k today were it not for China banning Bitcoin mining.
Overall the trendline of Bitcoin's value growth fell on the Y axis due to the mining ban, but the slope remains the same.