The Macro Forces Driving Bitcoin | Plan B & Jurrien Timmer
Inflection Point
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Bitcoin's value has grown 17 hundredfold since 19 96. The price divided by millions of addresses is a simple ratio that shows how fast the network is growing. E metcalfs law states that as your network grows, your valuation grows expedientially. And so if we go to the next char showing that just in a different way, you can see. So what i've done here is i've indexed the price to sill's ratio to apple stock price back in 19 96. From that point, the price is up 15 hundred times, but the price to sill's ratio, which means the value at 30 times its current level, is up 30 times. It's an exponent
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