Latest #btc article just published. Make sure to sign up for the blurbs or subscribe for full access to the article and the complete archive. BTC Update And Commentary on a Currency davethewave.substack.com/p/btc...…

Snippet: "With price now pushing multi-month highs since the January capitulation, the market looks to be warming up… even as sentiment is still very low, sentiment always being a lagging indicator. Technically, the road looks open for a move to that shorter-term target of 95K with shorter-term horizontal and longer-term diagonal resistances breaking, price currently atop of a multi-month upward channel. Price is now just outside the buy zone [seen more clearly on the longer-term chart below], where the investor late to the market, in multi-year terms, would have done well to buy an initial tranche. ............... Given the stabilization of price thesis, that of increasing price discovery, you probably couldn’t get a better chart. Though unpopular at the time, this is really what the LGC model is all about - explosive gains at the start working towards an eventual plateau. Of course, this never suited the outlook of the hyper-inflationists that always saw price exploding upward here and now, or just around the corner. The logarithmic growth curve, on the other hand, with a more realistic price outlook… and one extrapolated on actual price development, always remained unpopular. Understandably so, when we are motivated by immediate gain. But I think there is a third outlook, between the optimistic and the pessimistic, so to speak. Namely, that BTC will continue to be capitalized along the lines of a conservative LGC as long as the USD remains relatively stable. Once/ if the USD becomes destabilized, BTC priced in USD will break the LGC mold, and then we’d be pricing it against gold."