Today’s Nuggets
Bitcoin Rebounds and Shorts are on the Menu
Bitcoin’s Hardness Doubles, Fiat and Gold Softens
Gold Significantly Devalues a Career?
The Halving Spurs the Sunsetting of Old Rigs
RIAs Soon to Enter Bitcoin
Exploring Scarcity Post-Halving
Pomp’s Bold Expectations Revealed
Grayscale Halved Before Bitcoin?
The Awakening Alligator Indicator
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
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Today, we are going to break down exactly what Halving means.
As the price of Gold goes up, they dig a bit deeper to get more of it. As the price of Bitcoin goes up, every four years, they cut the supply in half.
It is a nasty supply shock!
Yesterday, I said that I thought $63K shorts were on the menu.
Boy, did they get eaten during a very volatile night!
I was watching the markets and prepared to buy the dip, which sometimes is necessary. The Bitcoin rebound was not only rapid but also went higher.
Today, we need to put perspective on where we are, where we have come from, and what we have gone through this week.
Overall, it was an adverse week of conditions and Bitcoin is hanging tough.
Another piece of shocking truth came from a friend of the channel, James Lavish.
Today marks the day that Bitcoin hardens by cutting its production in half and further strengthening its base value.
As fiat and gold soften, Bitcoin will double its hardening in six hours!
No asset does this on the planet…
This sequence of the Halving cycle is part of the beauty of Bitcoin.
Four years from now, the issuance rate will hit 1.562 BTC, then .781, and finally, by 2140, it will hit 0.
This simple Bitcoin Halving regression chart forecasts a $220,000 BTC price this cycle. This does not mean the all-time high but the average expectation of the price of Bitcoin four years from now.
Could we exceed $220,000 this cycle?
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