therationalroot's avatar
therationalroot
therationalroot@nostr.directory
npub1r00t...sqe8
#Bitcoin on-chain & cycle analysis. Signal only. Follow the carrot down the rabbit hole.
A fake spot ETF pump was just what we needed for Bitcoin to break back above the 200d, 21w and STH cost basis. image
Bitcoin vs. Gold In both gold and Bitcoin, the concept of paper or synthetic assets affecting the spot price is a concern. However, a critical distinction between the two lies in the area of verifiability. While both futures and spot ETFs for Bitcoin and gold share the common feature of often lacking an actual underlying asset, the two diverge significantly when it comes to the capability for transparent verification of those assets. In the world of gold, the lack of easy verifiability tends to make spot ETFs more susceptible to becoming fractional reserves. That is, the real, physical gold that's supposed to back the paper might not fully exist, making the system less transparent and reliable. Bitcoin, by contrast, offers the benefit of higher verifiability and proof of reserves, which substantially mitigates the risk of fractional reserve practices. image
I will be speaking at Bitcoin Amsterdam next week! Ticket prices increase tomorrow โ€” use code ROOT for 10% off! ๐Ÿฅ• Hope to see you there! ๐Ÿ‘Š image
Avg. Exchange Price vs. UTXO Price Bitcoin's price using only on-chain data, eliminating the need for third-party involvement. UTXOracle by Steve image
Ticket for #Bitcoin Amsterdam yet? Price increase tomorrow! Here to bring you a discount ๐Ÿ”ฅ: use code ROOT for 10% off ๐Ÿฅ•๐Ÿ‘Š! Hopefully see you there next month! ๐Ÿซก @Bitcoin Magazine image
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