On track for $1m per BTC as 'fair value' by 2035.

That's if we take the user growth curve as a guide for valuation. Remember I said fair value and not peak value in bull market hype.

- In the early days price was slow to catch up to user count, BTC didn't even have a price

Samson Mow I just got back from Hong Kong. There is talk that the ETF could be added to stock connect. The implications for this are absolutely enormous (basically means mainland money can buy it)

The US Debt is actually more than all the USD in the world.

M2 money is 20.8T.

M3 money is 20.9T as of last year when they discontinued the measurement.

Summary: it's crunch time. BTC needs to make a decision.

Technical indicators point bearish.

The majority of my fundamentals signals point bullish.

Macro liquidity will probably decide this.

Bet more.

Just kidding.

After the Gt Depression, the US government confiscated gold from plebs to restock reserves. They got 27.5% of the gold.

Will Bitcoiners do better?

- 87% in self custody
- 1% in ETFs
- 12% on exchanges

However the majority of plebs use custodial wallets, but they are the

On track for 1 BILLION crypto users by the end of 2025.

An extrapolation of many independent prior studies in this chart.

Binance estimates 65% of crypto users hold #Bitcoin

BREAKING: HK #Bitcoin ETF launches tomorrow.

And here's a little secret from this part of the world...

The Asian market in user count is BIGGER than the US and European markets combined.

(2022 Huobi report)

Anyone have references for studies of the number of BTC users?

I'm working on a live chart to plot my model of adoption next to other studies.

I already have:
- CCAF benchmark studies
- Triple-A / Finbold
- BuyBitcoinWorldwide
- Glassnode entities

Any others?

Freaking out over the Biden 25% unrealised profit tax?

He said you need $100m in assets.

It'll just blow up the stock market, nuke all your investments, and the entrepreneur class will leave like pilgrims to the new world away from US oppression.

You wont be impacted... apart

Freaking out over the Biden 25% unrealised profit tax?

He said you need $100m in assets.

It'll just blow up the stock market, nuke all your investments, and the entrepreneur class will leave like pilgrims to the new world away from US oppression.

You wont be impacted... apart

What needs to improve to bring the next $10T of global wealth into #Bitcoin ?