1/8 Are you also excited about #Bitcoin's future? π₯
Seven bullish #Bitcoin narratives for 2021:
1) Supply shortage βοΈ
2) Stimulus checks π°
3) Stock-to-Flow (S2F) model π
4) Chasing gold π₯
5) Bitcoin ETF π΄οΈ
6) Taproot π±
7) Lightning β‘οΈ
Thread π
Seven bullish #Bitcoin narratives for 2021:
1) Supply shortage βοΈ
2) Stimulus checks π°
3) Stock-to-Flow (S2F) model π
4) Chasing gold π₯
5) Bitcoin ETF π΄οΈ
6) Taproot π±
7) Lightning β‘οΈ
Thread π
2/8 Due to institutional FOMO, an unprecedented # of #Bitcoin were withdrawn from exchanges in 2020, exacerbating the halving-induced supply shortage
Due to #Bitcoin's inelastic supply, a supply shortage means a greater chance at π with new demand πΎ
Due to #Bitcoin's inelastic supply, a supply shortage means a greater chance at π with new demand πΎ
https://twitter.com/dilutionproof/status/1344031257974501376?s=20
3/8 Any USA citizen that saved their April 15h $1200 stimulus check in #Bitcoin would now have >$5000 (+318%)
With new stimulus checks coming in & more awareness of inflation, it is possible we'll see some buying pressure for hard assets come in soon π
With new stimulus checks coming in & more awareness of inflation, it is possible we'll see some buying pressure for hard assets come in soon π
https://twitter.com/BitcoinStimulus/status/1344146597446381568?s=20
4/8 Love it or hate it, but @100trillionUSD's Stock-to-Flow (S2F) model is holding up quite nicely due to #Bitcoin's recent steep price rise
If it stays on track, it is bound to remain a powerful π narrative in 2021
Chart by @hamal03
More on S2F: medium.com/swlh/modeling-β¦
If it stays on track, it is bound to remain a powerful π narrative in 2021
Chart by @hamal03
More on S2F: medium.com/swlh/modeling-β¦
5/8 #Bitcoin's S2F is already close to gold's & will surpass it in 2024 π₯
As gold's up-and-coming hard money nephew, will #Bitcoin's total market value grow towards that of gold as well?
If it does, it would mean a current #Bitcoin price of ~$641k π
As gold's up-and-coming hard money nephew, will #Bitcoin's total market value grow towards that of gold as well?
If it does, it would mean a current #Bitcoin price of ~$641k π
https://twitter.com/dilutionproof/status/1344019867331141632?s=20
6/8 So far, every #Bitcoin ETF application has been dismissed by the SEC, but with a new & supposedly 'pro-crypto' chairman coming in, this could change
An ETF would increase the demand for #Bitcoin and thus its price π
PS: Not your πs, not your πͺs!
An ETF would increase the demand for #Bitcoin and thus its price π
PS: Not your πs, not your πͺs!
https://twitter.com/iamjosephyoung/status/1342124553619664896?s=20
7/8 Activation of the Taproot protocol upgrade could provide a more fundamental π narrative
At 91.05% hashrate support (
More on Taproot & activation by @AaronvanW: bitcoinmagazine.com/articles/bip-8β¦
At 91.05% hashrate support (
https://twitter.com/bitentrepreneur/status/1343142666536681472?s=20), we are close to the 95% threshold that was needed for SegWit π
More on Taproot & activation by @AaronvanW: bitcoinmagazine.com/articles/bip-8β¦
8/8 Finally, a π market comes with increased blockspace fees that are essential for long-term protocol security via mining rewards
Unlike 2017, we now have the β‘οΈnetwork that could be adopted to relieve fee pressure for small payments
Bring on 2021! π₯³
Unlike 2017, we now have the β‘οΈnetwork that could be adopted to relieve fee pressure for small payments
Bring on 2021! π₯³
https://twitter.com/dilutionproof/status/1273306757146738690?s=20
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