2010: (Jan) #Bitcoin price: $0.003 per coin Gold price: $109 | Bilal Melwana on Binance Square

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Bullish

2010: (Jan)#Bitcoin price: $0.003 per coin
Gold price: $1097 per ounce
2024: (Jan)
#Bitcoin price: $43,532 per coin
Gold price: $2063 per ounce 
14 Year Difference:
1,451,066,567% price increase 
88% price increase
What caused this massive difference in price appreciation between these two assets?
#btc $BTC 

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Don't underestimate CZ. He deserves respect. When the intrinsic value of an industry falls short of the capital it has absorbed, society tends to view this as a "sin." In such cases, the ones labeled as sinners are those who built and participated in the industry. Society singles out the most influential figure as the guilty party, holding them responsible for the industry's failure to grow properly. Although many have committed wrongdoings, only a few atone for the industry's "sins." From the perspective of established society, the crypto industry carries many "sins." It has absorbed tremendous capital, yet its intrinsic value has not grown proportionately. Like other young and immature industries, crime was rampant—part of its growing pains. On September 29, CZ (Changpeng Zhao), co-founder and former CEO of Binance, will be released from four months of detention. While he has certainly made mistakes, his detention also carries a vicarious element, representing the industry's growing pains. CZ is a businessman deserving of respect. Without Binance, the crypto industry would not have attracted the immense global liquidity it benefits from today. It's crucial to distinguish his merits from his faults clearly. In my view, @cz_binance's achievements far outweigh his mistakes. He has paid his fines, and his detention is nearing an end. The industry should begin to see him in a new light.

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#BTC Bitcoin bottomed 547 days prior to the 2016 Halving but topped in its Bull Market 518 days after the 2016 Halving Bitcoin bottomed 517 days prior to the 2020 Halving but topped in its Bull Market 549 days after the 2020 Halving Bitcoin bottomed 517 days before the 2024 Halving but may very well top in its Bull Market ~549 days after the 2024 Halving That's October 2025 History suggests two takeaways: 1. The Halving acts like a mirror. Bitcoin Bear Market Bottoms occur a similar amount of days prior to the Halving compared to the amount of days its takes for Bitcoin to form Bull Market Tops after the Halving 2. The best of the Bitcoin Bull Market is yet to come $BTC #CryptoDawar #bitcoin☀️

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$ADA Pretty clean breakout & retest here. If these things start working out, that'd be a good gauge of market strength. So for now I'm watching to see if this is just another fakeout into more downside or if it actually can get a move going. Generally, if things start moving up where they "should" that's a sign of strength and vice versa if it doesn't obviously. So this is not a setup/endorsement or anything. Just a test for the time being :)

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Alts could not move organically when BTC keeps lower highs/ lowers lows $BTC

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