Bitcoin has officially closed 500 days with a market cap above $1T.
I ran a simulation with 10,000 traders each starting with an account balance of $10,000 and a normal distribution (std=5%) of random daily gains and losses. Guess how many traders ended up with a positive ROI after 4 years...the same number that lost everything. πŸ“ˆπŸ“‰πŸ˜³ image
In case you didn't know, it's a lot easier to stack a whole bitcoin at $80k than it is to stack a whole bitcoin at $100k. Thank you for coming to my TED talk.
If you take the top 10 mcaps (excl. stables), bitcoin accounts for 72%. 1. BTC $1.68T (72%) 2. ETH $278B (11.9%) 3. XRP $127B (5.5%) 4. BNB $86.2B (3.7%) 5. SOL $68.6B (2.9%) 6. DOGE $30.7B (1.3%) 7. ADA $22.7B (1%) 8. TRX $19.6B (0.8%) 9. LINK $9.6B (0.4%) 10. LTC $9.6B (0.4%)
Bitcoin’s issuance rate has stayed just under 1% during this epoch. It’s proven to be the most predictable and stable sound money ever. You’ve got about 3 more years to study this before it drops below 0.5%.
I'd like to be a bitcoin whale...and the only way that's happening is if the price goes back down to $100. You think I'm upset by a pullback to $82k? Well...I am...just not in the way you think. I want it to go lower.
Unless bitcoin rebounds soon, it looks like the 4-year CAGR could dip below 10% for the first time ever. πŸ‘€ image
Interesting development for the bitcoin DCAers...those who started DCAing right before or anytime after the most recent leg up (in early October 2024) is now in the red. Everyone else who started DCAing earlier than that is still in the green. image
Though Bitcoin seldom crosses the minds of most people worldwide, it stands as one of humanity's most remarkable and valuable creations.