Today’s Nuggets
Halving Month is Here!
Honoring BTC OG Adam Back
Bitcoin to Soar Higher Than Expected?
Is the Dumpage Exhausting?
GBTC Selling Once, IBIT Buying Forever
Data Confirms Early Cycle
Can BTC Outperform ETH This Cycle?
Positive Money Flows
Today's excitement is about all the FUD going around about the Bitcoin halving.
Many are saying it is a nothing-burger and has nothing to do with the price action. I will prove today that it will have a direct impact on price.
Also, we will cover a lot of charts, with lots of ETF flows and history!
As a reminder for those interested in Bitcoin-only content then, the playlist can be found here:
https://www.youtube.com/playlist?list=PLWTRLGkkf1kTTbIDdv-P6ykul7a8iUXYf
Only three weeks to go!
The time will fly by before you know it and I will be here each day with you throughout the journey.
As you may know, Adam Back is an O.G. in the crypto space.
A bit of history:
In 1997, Adam introduced the concept of ‘proof of work’ as a solution to the growing problem of email spam. Of course, email has not used this consensus mechanism.
Proof of work is a consensus mechanism that requires participants to perform a certain amount of computational work to validate transactions and add new blocks to the blockchain. Doing so prevents malicious actors from manipulating the network and ensures the security and integrity of the system.
This has served as the core building block of what Bitcoin is.
FIRST PRICE TARGET - VIVEK
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