60% of overall bitcoin hasn't moved ever since.
It has been reported that over 60% of the total BTC supply in circulation hasn't left its wallet in more than a year, meaning there's a high presumption bitcoin will hit a new ATH. I dont know if it has something to do with halvening, however I'm expecting to see major market moves and 14k btc around may.
That was the conclusion of analyst Rhythm, who uploaded statistics about Bitcoin network activity on Dec. 2.
Of the roughly 18.08 million Bitcoins which have been mined, 11.58 million — or 64% of the supply — has stayed in the same wallet since 2018.
Regardless of short term losses or price downtrends, it seems that Bitcoin truly is capable of transforming the global economy. The World's combined debt recently reached new highs estimated around $250T, which basically implies that if divided with 7B people, every single persona would/is indebted around $30 000 haha, holy fuck.
Current situation is unsustainable and the elites are aware of it, don't fool yourself.
The reason I'm emphasizing on this one lays in the fact that global debt can get easily drowned into Bitcoin. If we assume that only 20% of overall debt ends up being shifted towards digital asset as a newly created value, one bitcoin would be priced around $2M dollars.
Worlds economy is slowly losing its ground and unconventional approach is a must, otherwise there is no end.
Subsequently, markets reversed downward, shaving 52% off the highs to reach local lows of $6,500 on Nov. 25.
Sentiment and the idea of bitcoin is slowly reversing, people are starting to realize the importance of decentralized money, while Governments are trying to undermine its intrinsic value.
We are about to transform and disrupt the way we perceive value, along the way reshaping our understandings of money.
The ideology behind bitcoin is a modern synonym for financial freedom and decentralized governance but people are not aware of it, yet. There is a problem with regard to it as the majority is feeling way to comfortable, assuming that the World is a peaceful place with no suppressions what so ever. Totally wrong presumption and will cost us a lot.
The world is changing and we're the ones contributing towards social revolution.
Keep up the Hustle.
I'we read that before and I was thinking the same. Those people that haven't moved millions of BTC even when it hit $14k know something. Rich people aren't dumb. However seeing China working hard towards a digital currency on some sort of an open ledger make me think that this type of currencies are clearly what the future waits for us. I don't see BTC as a form of payment. It can be one of the most hypet and priced assets of the century.
I believe btc will be something like gold standard in crypto, and no, I'm not btc maximalist. It seems logical for btc to become one. Without fractional reserve and shit liek that
Have not moved mine, parked them in Celsius and BlockFi. Take a peek occasionally to see how much interest I have acquired. With Celsius it's like dollar cost averaging in weekly and monthly with BlockFi.
Ill go all in in a few months as soon as I get the ability to raise credit.
To ride or die