Excellion on Nostr: In 2017 it took ~9 months for #Bitcoin to go from $1k to $20k. The block subsidy was ...
In 2017 it took ~9 months for #Bitcoin to go from $1k to $20k. The block subsidy was 12.5, there was a lot more BTC sloshing around on exchanges, mining was boiling the oceans, and there was zero institutional money coming in.
$1k to $20k is 20x.
$50k to $1M is 20x.
Published at
2023-11-23 17:28:13Event JSON
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"pubkey": "c9b19ffcd43e6a5f23b3d27106ce19e4ad2df89ba1031dd4617f1b591e108965",
"created_at": 1700760493,
"kind": 1,
"tags": [
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"content": "In 2017 it took ~9 months for #Bitcoin to go from $1k to $20k. The block subsidy was 12.5, there was a lot more BTC sloshing around on exchanges, mining was boiling the oceans, and there was zero institutional money coming in. \n\n$1k to $20k is 20x. \n\n$50k to $1M is 20x.",
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}
