Saturday, April 8, 2023

28,000 dollars per BTC

BTC trading value has been stuck very close to $28K for the past 3 weeks. It would seem that, for the time being, "Satoshi" (imaginary creative team who is nurturing Bitcoin) is intentionally holding it at that price.

If Satoshi is capable of doing that, perhaps he has also been influencing BTC price for the past decade - nurturing it so that BTC closely follows a track of yearly doubling in price (some years less, some more - due to overwhelming international events).

Doubling yearly is indicated by the red bars in my chart below. The blue bars are actual:



I find it remarkable how closely the two track.

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