Gold just came off all time highs and is now correcting.
Meanwhile $BTC priced in gold is sitting at the same level as 2017.
Something doesn't add up.
1. Mining cost sits around ~$85K and we're trading below it
2. Last two times that happened BTC did 3-5x within 12 months
Back then there were no ETFs, no sovereign buyers, no strategic reserves. Today 70-75% of supply is either lost or in wallets that don't sell.
I've been quietly adding at these levels.
8 years of adoption. Same price in gold. Look at this chart and tell me that makes sense 👇

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Author: Xie Zhaoqing, Tencent Finance "Deep Dive" The cryptocurrency market has given back all the gains brought by Trump's inauguration, experiencing an epic crash that has brought back the word "risk," temporarily forgotten by greed, to stare at all investors with its most menacing face.

Over the past week, Bitcoin experienced its biggest weekly drop in three years. February 5th was an unexpected day for crypto market investors: Bitcoin fell by 13%, marking its largest single-day drop since June 2022, and briefly dipped below $61,000 in the early hours of February 6th.

In this sharp correction...

Cryptocurrency Crash: Veteran Crypto Yi Lihua Loses $700 Million in a Week

Bitcoin mining difficulty has plummeted to its lowest level since 2021. Photo: DL News
Bitcoin's mining difficulty decreased by 11.16% over the weekend, to 125.86 trillion Hash, according to data from Mempool. This is the...

Bitcoin mining difficulty plummets, the sharpest drop since 2021.

Original article | Odaily Odaily(@OdailyChina)
Author｜Azuma (@azuma_eth)
In 2014, CZ, who had only been exposed to the concept of cryptocurrency for a year, made the most daring investment of his life—selling his apartment in Shanghai and "All In" on about 1,500 BTC for a three-figure price. Twelve years later, if CZ had never sold, this investment would have brought in a substantial profit of hundreds of millions of dollars (peak return of about $189 million).
Compared to the later establishment of Bina...