Bitcoin is The Exit Strategy
#NFA #DYOR
Simple math. Simple logic.
1️⃣ BTC Demand (Institutional, retail yet to come in as at 27th Feb 2024)
Bitcoin is now only 20% down from its all-time high of nearly $69,000.
Currently, a total of 900 new BTC is added to the daily supply by miners.
However, spot Bitcoin ETFs are seeing net inflows of nearly 8,000–9,000 BTC on each trading day.
2️⃣ BTC Supply (Upstream Mining)
Riot’s cost to mine Bitcoin for 2023, net of power credits allocated to self-mining, averaged $7,539 per Bitcoin versus $11,225 in 2022, a decrease of 33% year-over-year.
Gold mining vs BTC mining
Gold mining - very heavy investment with unknown output
BTC mining - heavy investment but calculated risk is possible (as shown above real world case study), as everything if pre-fixed, ultimate scarcity with mining algorithm programmed and immutable to changes.
3️⃣ BTC Usage (Midstream Opportunities)
- Store of value
- Unit of accounting
- Medium of Exchange
In short, BTC is programmable money that has endless possibilities.
Bitcoin is the exit strategy