I do numbers, mainly #Bitcoin related but not always. I only post here, all other channels including Telegram are scams.woocharts.com Hong KongJoined February 2025
I keep hearing about 200k BTC owned by the US Government. 96k BTC is from the Bitfinex hack, after due process I would expect those stolen funds to be returned to Bitfinex.
We just jumped across 300k followers! It's a privilege to talk to you all on X. Today I'm remembering the early chapters of my career, living in Flanders. I've been very blessed in my life, both to have grown up there as well as well as to live and work in Texas 🇺🇸 today.
Chart of the week:
BTC's correlation to stocks takes out a cluster of liquidations down to 82k in the back drop of very neutral investor activity.
75k presents a juicy target apart from BTC being oversold with strong mean revertive forces now dominant.
Regarding the mean revertive forces at play...
Urgency Model estimates the direction and magnitude of urgency flowing through the books.
The liquidation flush pushed this model to an extreme, all past times this happened we saw a bounce.
2017 VCs dumping on ICOs
2020 DeFi rug pulls
2024 Meme coin pump and dumps
That’s the last 3 cycles in crypto. It normally takes 3 mistakes for people to learn.
This is why BTC dominance is climbing back to its proper equilibrium.
0/7
Waited 34 months for this moment!
In March '22 I said that Bitcoin mining helps avoid expensive grid upgrades and decarbonize grids, a lot of non-Bitcoiners were skeptical
Now, a Duke University Report confirms all this and more
nicholasinstitute.duke.edu/sites/default/…
Report TL;DR
👇
#Bitcoin’s long term price target is 5 cents per sat in today’s value.
Stack sats.
Don’t even look at the price or the path it weaves to get there.
It’ll only distract you.
Stay humble.
Is #Bitcoin digital gold?
That misses the point, the key is how is it created?
Bitcoin is a meme so strong that it's a squatter living rent free in people’s minds.
After a while there’s only 2 paths: you buy it and become rich or you keep hating and turn crazy.
Capital inflows into the Bitcoin network starting to climb again, while BTC chops around sideways quietly hiding coins being accumulated.
It's not a bad setup to explore all time highs if capital inflows follow through this week.
Every coin has a story.
Circa 2015 XRP was #2.
Low volumes allowed their trading team to manipulate the price up while systematically dumping their 100% pre-mine onto retail who believed it was the next payment network.
To reinforce this grift, Ripple signed 100s of hot air partnership deals with bankers, because banks felt pressure to innovate with "blockchain". Ripple would pay XRP as part of the deal.
The US should not have a strategic CRYPTO reserve.
The US should only hold bitcoin.
I'm one of the biggest proponents of crypto, but when it comes to preserving wealth, bitcoin is best suited!
No XRP in the US strategic reserve!
Investing is Cantillion, you are partaking literally in the creation of new money.
Trading is the process of arbitrage where valuations become efficient so the former can prosper. 99% of participants lose money for the greater good, unbeknownst.
The Bitcoin Strategic Reserve needs buy in from Congress and the House, issuing an executive order on inauguration day is the blunt way to execute this.
The smart way is to assess the likelihood of success before pushing the go button.
That's my guess at the BSR status.
If it's "go", bare in mind nothing is immediate. Would take in the range of 6-24 months before the US Govt could execute on BTC stacking.
Nevertheless the markets would start a process of speculative front running.
Don't miss this brand new interview with Willy Woo @willywoo breaking down where we are in this Bitcoin cycle, a potential crash, $TRUMP meme coins, $MSTR, and the path to $5 million Bitcoin.
Timecodes:
00:00 What's happening with Bitcoin?
7:05 Could we crash?
10:07 Trump and Melania meme coins
12:05 Hawk Tuah coin
16:47 Will the US go bankrupt?
18:23 Strategic Bitcoin Reserve
21:29 Sovereignty
25:17 $5 million Bitcoin
29:54 Michael Saylor and Microstrategy
35:20 Who's buying Bitcoin?
37:09 "Stack SATs and be humble."
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