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Joined 3 years ago
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Cake day: June 22nd, 2023

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  • drive crypto higher as a hedge … why that isn’t working here

    It is going higher. It’s stuck in this odd 4-year cycle. Gets a bit flatter every time, but still swings pretty hard!

    I’ve been engineering in the industry for 13 years now. Every time it swings down it is declared dead. Lots of people celebrate its death due to the insufferable nature of crypto bros. Immutable, instant, digital tokens are indeed a priceless tool for scammers and gamblers.

    Yet it continues to reach new all time highs every 4 years, almost like clockwork. 2013 $1,000 2017 $20,000 2021 $65,000 2025 $128,000

    On a logarithmic chart it makes a curve similar in shape to the smoothed effect of a halving every 4 years, which is how supply is algorithmically controlled.