N.B.: New Bitcoin ATH was reached ˜3 years after the last one.
But adoption and recognition will push prices even higher. Time is accelerating: to reach 50M users, it took Electrification 46 years. But to Whatsapp - only 1 year.
1/3 In Bitcoin, prices will be pushed higher not just due to time cycles, and adoption curves, but also due to halvings that are pure technology, carved in code, and make bitcoin even more scarce.
This is what #Bitcoin is called smart, programmable money and SOV
2/3 *MONEY PPL* understand scarcity very well. So yet another reason for the recent bull run is titanic fiat money printing (which will lead to disasters). So, they are looking at how they can diversify 👀
Moreover, people are packing value into NFT! Even LP tokens!
There’s even #NFT that represent collections of collectibles, e.g. someone owns several #collectibles and packs them into one #NFT. It’s a unique way to create value that drives #NFT space up.
Okay, so what are all these new DeFi tokens all about? $sushi, $kimchi, $cream, $pasta, $Base, $Yum, $Hotdog, $Noodle, and the rest?
time for a long thread 1/ 17
TL;DR: YOU are eventually becoming the yield.
don’t dream, there is no quick buck here.
2/17 no-one becomes rich overnight… it takes time, effort, a lot of hard work and *believing* to get there. and don't forget: scams and hackers are just waiting for the right moment
After all, we dont want to see this happening to your money:
@skewdotcom We have discussed this with our team, and we think its not right to talk about connection of BTC options having #halving priced in or not. For several reasons:
@skewdotcom Open interest on options on Deribit currently is a bit over 40k contracts overall. Its a very small amount. The interest was always speculative. For example in December Put/Call ratio was almost 40 to 1. Now, after Dec expiration, its closer to 2 to 1 (more calls) the reason for
@skewdotcom ... such skew back then (40 to 1) - was the 3х price appriciation back in April... we had Dec options with strikes above 30k ... so, we had curve bending both in time and in strikes.
Now is normal, which means general market is using options for its purpose. maybe not because..