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#Bitcoin becomes less volatile over time as it's market cap grows, but the lengthening bear market thesis does not seem to be playing out. This bear cycle had the smallest total drawdown from all time highs (-76.6%), but was only the second longestt in days it took for price to…

#Bitcoin becomes less volatile over time as it's market cap grows, but the lengthening bear market thesis does not seem to be playing out. This bear cycle had the smallest total drawdown from all time highs (-76.6%), but was only the second longestt in days it took for price to…

Feb 16, 2023 08:34 PM |
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thepowerfulhrv
ThepowerfulHRV @thepowerfulhrv
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Anti-electricity propaganda from the early 1900s: This reminds me so much of people who attack #Bitcoin in the 2020s. The human condition is the same today as it was in the early 1900s. Some people will always attack things that are new, they don't The number of of #Bitcoin addresses with a balance greater than $1, $10, $100, and $1000: There are now 40M $BTC addresses with a balance greater than $1. The number of addresses with a balance greater than $1, $10, $100, and $1000 have increased There are so many people advocating for an increase of the #Bitcoin block size limit to fit Ordinals inscription data and lower transaction fees. These people probably just haven't been here long enough to know that an increase in block size was al The world is severely short #Bitcoin. 19.4 million total $BTC are in circulation, or about 92% of the 21 million bitcoin that will *ever* be mined. Only 8% of the supply is still up for grabs. #Bitcoin stands alone as the only significant proof-of The major #Bitcoin bear markets. All time high, to bottom, back to the all time high. Current bear market shown in black. I bet this recovery will be closer to 2013 bull run (blue line) for a number of reasons: 1. Price was artificially low due to #Bitcoin continues on it's path to flip the world's largest companies in terms of market cap. Today, $BTC edged out Tesla ( $TSLA ) to become #8.