#Bitcoin | The Deep Dive w/ @BitcoinMagazine | Senior Analyst @UTXOmgmt | Co-Founder 21stParadigm.com | Stream: twitch.tv/dylanleclair_ | DylanLeClair.com |

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Joined August 2013
$BTC at 35k How did we get here and what possibly comes next? A thread on macro, bitcoin on-chain and derivatives ๐Ÿ‘‡๐Ÿ‘‡
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BASED.
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chatting with jerome live watching 5 second candles
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2022 is gonna be quite interesting i imagine
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russia, turkey, singapore, any latam country one of those is probably the best bet
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Dylan LeClair ๐ŸŸ  retweeted
Going live with @DylanLeClair_ and @samjrule for our weekly Bitcoin markets update! See yโ€™all at 4pm ET. nitter.net/i/spaces/1YqxopZโ€ฆ
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Live streaming the FOMC meeting and talking bitcoin and markets at 2pm on Twitch ๐Ÿ“ˆ๐Ÿ“‰
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1/ ๐Ÿšจ IMPORTANT ๐Ÿšจ Included in the America COMPETES Act just introduced in the House, and which will very likely pass in some form, is a provision that would be disastrous not just for cryptocurrency but for privacy and due process generally. coincenter.org/new-bill-woulโ€ฆ
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#BREAKING IMF urges El Salvador to remove Bitcoin as legal tender
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$BTC showing lots of relative strength against equities. Funding rates across derivative exchanges are negative. ๐Ÿ‘€๐Ÿ‘€
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The Fed announces their intention to raise rates and before they can even hike once the $VIX blows out to 38. Itโ€™s comical how fragile the financial system is.
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All eyes on the Fed.
Expect $BTC to remain highly correlated to $SPX over the short/medium term. Liquidity trumps all, and whether the everything bubble is inflating or deflating, both equities and BTC will react accordingly. All eyes on the Fed.
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The lower that risk assets plunged, the lower the market's expectation of Fed rate hikes in 2022 went. Funny how that works.
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Your goal as a capital allocator is to maintain and grow your purchasing power across time. The mechanics of $BTC make it all but a guarantee that the marginal production cost is going to continue to rise, forever. 21/
Important chart to understand imo: #Bitcoin is a commodity with a production cost. When any other commodity rises in price, producers are incentivized to flood the market with additional supply. With the difficulty adjustment, supply issuance is inelastic = $BTC ๐Ÿ“ˆ๐Ÿ“ˆ๐Ÿ“ˆ
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And lastly, the optimal strategy for 95%+ of people is to passively allocate to $BTC and simply sit on their hands. Volatility is your opportunity, and thankfully it doesn't look like its going away anytime soon. 22/
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