The live @bitcoinvector market briefing we did yesterday on Global Macro and Bitcoin's current market structure has now been uploaded and ready to watch.
Every 10 mins, 3.125 newly mined BTC is added to the supply.
Every 10 mins, 1.15 synthetic BTC in the form of paper bets is added.
@therationalroot Good framing. BTC demand is matched by:
1) short bets which debases BTC (selling a dollar backed synthetic BTC to match BTC demand)
2) a basis trade transmitting demand to real BTC
Both are subject to a 1%-50% APY "funding rate" tax which sucks capital out of the system.
@namcios Great to see Fidelity do the same analysis early Bitcoiners did 15 years ago.
Still less than halfway through in the big journey. Flipping gold is just one of the milestones.
@JoeNakamoto I put together all the credible studies through time of "people who actually bought BTC" and here's the results on a single chart.
It's over 400M people.
Scroll down on this page to read all the studies and methodologies.
@TheRealValueAdd @cryptobeastreal Kraken and Coinbase being US regulated are the safest. Kraken is great and is an OG exchange with an OG founder, never been hacked.
Trustpilot has smoked too much weed.
