Bitcoin has a support!

The current Bitcoin power law measure shows that Bitcoin support was located at around $31,000, which we can say is half the value of the current market price.

However, as we go, the support might change over time, and we might also not need to reach that support as long as institutions and hodlers haven’t sold any of their holdings.

#BTC #BitcoinPowerLaw #BTCSupport #Mathematics

$BTC

💡 "Bitcoin has accumulated the most physical power, the most computer power, and the most economic power."

—Michael Saylor

🔸 Physical Power

- Bitcoin mining utilizes renewable energy🌍

- Supporting energy innovation and efficiency⚡

🔸 Computer Power

- The most secure computing network in the world 🔐

- Bitcoin's blockchain infrastructure grows stronger every day 💻

🔸 Economic Power

- A global currency, creating wealth and empowering individuals 💰

- Decentralized and resistant to manipulation 🌐

🚀 Bitcoin is more than just a digital currency; it’s the future of energy, technology, and economics.

Stay informed. Stay ahead. 💥

#BitcoinPowerLaw #CPI_BTC_Watch #TON #BitcoinRevolution

**2042 Market Cap Projections: A Fun Thought Experiment** 🚀

💥 **Bitcoin: $100 Trillion** (76.5x)
💥 **Tesla: $10-20 Trillion** (14.5x - 29x)
💥 **MSTR: $3-5 Trillion** (72x - 121x)

Important Notes:
- I factored in Bitcoin's supply increase to 20,935,000 BTC by 2042.
- I didn’t account for potential share dilution for Tesla or MSTR holders.

MSTR's Bitcoin holdings could rise from 252,220 BTC today (1.2% of supply) to 500,000 BTC by 2042 (2.4% of supply).

➡️ Fun fact: If Bitcoin hits $100T, that’s $4,776,690 per Bitcoin by 2042. I don’t usually extrapolate this far with the Bitcoin Power Law, but it's intriguing to consider.

Who else is in for the long game? 🤔💹

#Bitcoin #Tesla #MSTR #Crypto #Investing" #Debate2024 #BitcoinPowerLaw #HODLHODL