Thursday, May 30, 2024

When will Bitcoin be $1,000,000?

Screenshot from YouTube (https://www.youtube.com/watch?v=xL7aTmIrx6gwith Fred Krueger (@dotkrueger) and @apsk32 about the potential dates for Bitcoin reaching $1,000,000 sometime between July 2031 and July 2036

[Bitcoin reaching $1,000,000 sometime between July 2031 and July 2036]

https://www.youtube.com/watch?v=xL7aTmIrx6g

Wednesday, May 8, 2024

Could this break the log/log power law for Bitcoin?

The log/log power law governing Bitcoin appears robust. However, could there be a plausible and logical scenario in which this power law is disrupted or abruptly halted? 

Drawing parallels with historical events, such as Executive Order 6102 under the Franklin D. Roosevelt administration, wherein all gold bullion and coins were seized, one might speculate on the potential for a similar intervention by the US Government or Federal Reserve in the realm of Bitcoin. It wouldn't be unfathomable for them to accumulate over 51%—equivalent to 11 million—of all Bitcoins, as well as a majority share in Bitcoin mining capacity. In my estimation, such a scenario is not improbable. 

For instance, if financial giants like BlackRock and Fidelity were compelled to relinquish their Bitcoin holdings and associated assets, or if companies like Riot and Marathon were coerced into nationalizing their Bitcoin mining operations, this could significantly alter the landscape of Bitcoin ownership and control.

Here are some more resources:

Friday, May 3, 2024

5 months into 2024 (Halving, Bitcoin ETF, FTX Sam Bankman-Fried, and Craig Wright is not Satoshi Nakamoto, Changpeng Zhao (CZ), Roger Ver (Bitcoin Jesus))

5 months into 2024 and already these major events have happened:

1. The Bitcoin Halving (reducing supply from 6.25 to 3.125 BTC)

2. The Bitcoin ETF approval in the USA (by the SEC)

3. Sam Bankman-Fried imprisonment (FTX)

4. Craig Wright is not Satoshi Nakamoto (UK judge)

5. Changpeng Zhao (CZ) from Binance sentenced to 4 months in prison (USA)

6. Roger Ver (Bitcoin Jesus) charged with mail fraud and tax evasion, arrested in Spain

Ready for the next 7 months of 2024?...

Over $102,815 BTC USD Tradingview...