Bitcoin: A Serious (Optimistic) Assessment of the Situation
"Bitcoin ETFs have bought 6,705 BTC per day compared to 900 of fresh supply"
Must read on Bitcoin ecosystem, Commodity cyclicality, and the coming infrastructure problems Bitcoin will reveal
Contents:
Optimism’s Advantage
Systemic Stability
Big Cap Crypto
NVDA: Chips Are a Commodity
Explosive Demand
Stabilize, then build out
BTC Production Cost as Reference Point
Excess disappears with the April Halving
Picks and Shovels
Electrical Power C…