As evidenced by historically high levels of long-term holders, it’s clear that bitcoin's supply is getting more distributed across a vast array of adopters.
The exponential price appreciation after the Bitcoin halving is more of a function of buyer demand than it is of the supply-side reduction of the block subsidy.
Comparing Bitcoin’s Lightning Network to legacy credit card processing makes it clear that Lightning settles payments much more efficiently and affordably.
The debate around whether or not this policy is a form of quantitative easing misses the point: Liquidity is the name of the game for global financial markets.
The Big Flip thesis has been gaining traction in the financial world and describes the market’s misplaced belief in the path of inflation and policy rates.
Bitcoin inscriptions have been out for a few more weeks, so we follow up on the fee market and block usage to observe what’s changed after 100,000 inscriptions.