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1/8 Are you also excited about #Bitcoin 
's future? 
Seven bullish #Bitcoin narratives for 2021:
1) Supply shortage
2) Stimulus checks
3) Stock-to-Flow (S2F) model
4) Chasing gold
5) Bitcoin ETF
6) Taproot
7) Lightning
Thread
's future? Seven bullish #Bitcoin
narratives for 2021:1) Supply shortage
2) Stimulus checks
3) Stock-to-Flow (S2F) model
4) Chasing gold
5) Bitcoin ETF
6) Taproot
7) Lightning
Thread
2/8 Due to institutional FOMO, an unprecedented # of #Bitcoin were withdrawn from exchanges in 2020, exacerbating the halving-induced supply shortage
Due to #Bitcoin's inelastic supply, a supply shortage means a greater chance at 
with new demand 
https://twitter.com/dilutionproof/status/1344031257974501376?s=20
were withdrawn from exchanges in 2020, exacerbating the halving-induced supply shortageDue to #Bitcoin
's inelastic supply, a supply shortage means a greater chance at with new demand https://twitter.com/dilutionproof/status/1344031257974501376?s=20
3/8 Any USA citizen that saved their April 15h $1200 stimulus check in #Bitcoin would now have >$5000 (+318%)
With new stimulus checks coming in & more awareness of inflation, it is possible we'll see some buying pressure for hard assets come in soon
https://twitter.com/BitcoinStimulus/status/1344146597446381568?s=20
would now have >$5000 (+318%)With new stimulus checks coming in & more awareness of inflation, it is possible we'll see some buying pressure for hard assets come in soon
https://twitter.com/BitcoinStimulus/status/1344146597446381568?s=20
4/8 Love it or hate it, but @100trillionUSD's Stock-to-Flow (S2F) model is holding up quite nicely due to #Bitcoin 's recent steep price rise
If it stays on track, it is bound to remain a powerful
narrative in 2021
Chart by @hamal03
More on S2F: https://medium.com/swlh/modeling-value-based-on-scarcity-7fa7d754a58
's recent steep price riseIf it stays on track, it is bound to remain a powerful
narrative in 2021Chart by @hamal03
More on S2F: https://medium.com/swlh/modeling-value-based-on-scarcity-7fa7d754a58
5/8 #Bitcoin 's S2F is already close to gold's & will surpass it in 2024
As gold's up-and-coming hard money nephew, will #Bitcoin's total market value grow towards that of gold as well?
If it does, it would mean a current #Bitcoin price of ~$641k https://twitter.com/dilutionproof/status/1344019867331141632?s=20
's S2F is already close to gold's & will surpass it in 2024 As gold's up-and-coming hard money nephew, will #Bitcoin
's total market value grow towards that of gold as well?If it does, it would mean a current #Bitcoin
price of ~$641k https://twitter.com/dilutionproof/status/1344019867331141632?s=20
6/8 So far, every #Bitcoin ETF application has been dismissed by the SEC, but with a new & supposedly 'pro-crypto' chairman coming in, this could change
An ETF would increase the demand for #Bitcoin and thus its price
PS: Not your
s, not your 
s! https://twitter.com/iamjosephyoung/status/1342124553619664896?s=20
ETF application has been dismissed by the SEC, but with a new & supposedly 'pro-crypto' chairman coming in, this could changeAn ETF would increase the demand for #Bitcoin
and thus its price PS: Not your
s, not your s! https://twitter.com/iamjosephyoung/status/1342124553619664896?s=20
7/8 Activation of the Taproot protocol upgrade could provide a more fundamental narrative
At 91.05% hashrate support ( https://twitter.com/bitentrepreneur/status/1343142666536681472?s=20), we are close to the 95% threshold that was needed for SegWit
More on Taproot & activation by @AaronvanW: https://bitcoinmagazine.com/articles/bip-8-bip-9-or-modern-soft-fork-activation-how-bitcoin-could-upgrade-next
narrativeAt 91.05% hashrate support ( https://twitter.com/bitentrepreneur/status/1343142666536681472?s=20), we are close to the 95% threshold that was needed for SegWit
More on Taproot & activation by @AaronvanW: https://bitcoinmagazine.com/articles/bip-8-bip-9-or-modern-soft-fork-activation-how-bitcoin-could-upgrade-next
8/8 Finally, a market comes with increased blockspace fees that are essential for long-term protocol security via mining rewards
Unlike 2017, we now have thenetwork that could be adopted to relieve fee pressure for small payments
Bring on 2021!
https://twitter.com/dilutionproof/status/1273306757146738690?s=20
market comes with increased blockspace fees that are essential for long-term protocol security via mining rewardsUnlike 2017, we now have the
network that could be adopted to relieve fee pressure for small paymentsBring on 2021!
https://twitter.com/dilutionproof/status/1273306757146738690?s=20
