Coinstack

Here's Coinstack #13 as a Google Doc... The email newsletter will go out in about 20 minutes... https://docs.google.com/document/d/12Pjr_b5UnLmCz7vnF6x2XSVGdvJF1hxlAE94gixRvS4/edit

I’m writing the weekly issue of CoinStack tonight... what topics do you want to hear about? Answer in comments.

Analysing Bitcoin HODL Waves from previous bull runs, Yann & Jan concludes that this bull run is far from over. The HODL Waves is a data visualisation that displays bands representing the percentage of total bitcoin and the length of time that bitcoin has been sitting in a given address. Source: https://bitcoinuncharted.substack.com/p/uncharted-4

Take a read of the new CitiBank report on Bitcoin from March 1: “The report notes the advantage of Bitcoin in global payments, including its decentralized design, lack of foreign exchange exposure, fast (and potentially cheaper) money movements, secure payment channels, and traceability. These attributes combined with Bitcoin’s global reach and neutrality could spur it to become the currency of choice for international trade.” https://www.citivelocity.com/citigps/bitcoin/

Here are the top monthly gainers for February 2021... happy to have been early into BakerySwap, PancakeSwap, and PlasmaPay. I first wrote about BakerySwap and PancakeSwap in the February 2nd issue... https://coinstack.substack.com/p/whos-the-king-bitcoin-vs-ethereum Will keep researching and sharing fundamentals-based quantitative analysis in each weekly issue. 👍👍

Decentralized exchanges set a record volume of $61B in volume during February 2021, and this graph doesn’t even include PancakeSwap yet (which was #2 after Uniswap).

DeFi platforms have had a very nice bounce in value the last 24 hours...

We have renamed the group and newsletter from The Coin Times to CoinStack. Please pass along to friends: @thecoinstack Coinstack.substack.com 👌👌👌

The value of Bitcoin is now 7.6% the value of gold. Will we see the value of Bitcoin exceed the value of gold this decade? I think we will.

Today on The Breakdown podcast, Nathaniel Whittemore reads the great essay “Can Governments Stop Bitcoin” by Human Rights Foundation CSO Alex Gladstein https://youtu.be/kmN-dx6_R8Q https://podcasts.apple.com/us/podcast/the-breakdown/id1438693620#episodeGuid=f06c7778-d310-4149-93c2-fe72b1aeb7e2 I recommend a listen 🎧

Year to date returns through today: BTC: +57% YTD ETH: +98% YTD DPI: +207% YTD. (The DeFi Index token) I expect ETH will appreciate in price to $5000 by August 2021, as 1) The major Ethereum Daaps move to Layer 2 (L2) protocols like Optimism, Polygon, and ZKRollup that move transactions off the main ethereum chain, making them much faster and less expensive. 2) EIP-1559 goes live in July 2021 (The "London Update") which will start burning gas fees (which means reducing the ETH token supply with every transaction). By August 2021, ETH will have a more deflationary money supply than Bitcoin. Most people don't realize this yet. If you don't have ETH, now is a great time to load up. BTC + ETH + DOT = A Happy Summer 2021.

Q3 2021 Bitcoin Price Estimates: Willy Woo - $200k Rekt Capital - $170k Pantera Capital - $115k Stock to Flow Model - $103k Sources: https://willywoo.substack.com/p/013-the-1t-resistance https://rektcapital.substack.com/p/fouryearcycle2 https://panteracapital.medium.com/bitcoin-rally-2017-vs-today-ba1fe9d7ac79 https://digitalik.net/btc/

Top trending searches on CoinGecko the last week...

Mapping out the Polkadot ecosystem... (hint: it's a good time to establish a low cost position in Polkadot projects like Akropolois, Polkaswap, Reef, Phala) before they launch on Polkadot in 2H 2021.)

In this week's special issue of The Coin Times I break down my personal crypto investment strategy, explaining step-by-step how I got a 161% return in the last 30 days. https://cointimes.substack.com/p/my-crypto-investment-strategy

The top ten crypto exchanges in the world based on volume.

We will pass $100k this year (likely around August 2021) and likely reach $200k before the next big market correction. Bitcoin operates on a four year cycle based on its programmatic mining supply, which restarted in May 2020 when the last halving occurred. Bull cycles last around 15-18 months after the halving event occurs. Study the stock to flow model to learn more.

When in doubt, zoom out. Long way to go. We will pass $100k BTC this year.