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weekly-roundup

Bitcoin Network Demand Model Update

Bitcoin Network Demand Model Update

Week 20 2021 The Bitcoin network demand model moves back to a 4 this week after a sharp increase in on-chain settlement value (TV$) moves short term spend back to ON. TV$ is up by 12% to 10. 7Bn per day, despite a 24% fall in the price of Bitcoin

Revisiting Bitcoin's Macro Links and Valuing MicroStrategy (MSTR)

Revisiting Bitcoin's Macro Links and Valuing MicroStrategy (MSTR)

ByteTree Market Health Update; Issue 76 Bitcoin has much in common with the tech sector, especially social media and other internet-related stocks. I became excited last autumn when Bitcoin started to outperform a buoyant NASDAQ at the time. That saw a three-year relative high (green line break) followed by an

Bitcoin Network Demand Model Update

Bitcoin Network Demand Model Update

Week 19 2021 Bitcoin Network Demand continues to consolidate this week, slipping down to a 3 on the BYTE model. Historically, a 3/6 has signalled a more cautious approach to position size but remains invested. The price of bitcoin has been oscillating between $53k to $59k over the last

Bitcoin's Taproot Upgrade

Bitcoin's Taproot Upgrade

Bitcoin Developers Aren't Schnorring Bitcoin is often criticised for its high transaction fees and low throughput. In fact, at times of high fees (relative to transaction value), the market is often unfavourable to Bitcoin’s short-term price. A common misconception is that Bitcoin’s technology is outdated or

Bitcoin Fund Flows Stall

Bitcoin Fund Flows Stall

ByteTree Market Health Update; Issue 75 I have written much on these pages describing Bitcoin’s sweet spot. Important factors include robust technicals, macro tailwinds, positive investment flows (people buying it), and above all, robust on-chain network data. I shall go through these in turn. Technicals The long-term picture remains

Bitcoin Network Demand Model Update

Bitcoin Network Demand Model Update

Week 18 2021 Network demand falls to a 4 this week, as TV$ drops 15% to $8.2Bn per day and volatility continues to rise. Short term fees have fallen by a record 39% this week, hitting a modest $6.5M per day versus $10.7M last week. This fall

Only One Million Bitcoins Until the Next Halving

Only One Million Bitcoins Until the Next Halving

ByteTree Market Health Update; Issue 73 With 312,500 BTC mined since the last halving in May 2020, there are one million BTC that need to be mined before the next halving. That is expected to take place on 6 May 2024. At that time, 93.8% of the 21