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Bitfarms Acquires Stronghold Digital Mining In $175M Deal, Reshaping Bitcoin Mining Landscape
https://www.benzinga.com/markets/cryptocurrency/24/08/40489572/bitfarms-acquires-stronghold-digital-mining-in-175m-deal-reshaping-bitcoin-mining-landscap

Posted by Dwyer at 9:00 PM

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Great collection of Bitcoin-only talking points selected by @BITCOINALLCAPS, featuring @Excellion @saifedean and yours truly, with cameos from @stablekwon and @APompliano pic.twitter.com/W7vepj0pJi
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99.9% of the money in the world is invested in assets like cash, stocks, bonds, gold, & real estate. #Bitcoin is competing with alt assets, not alt coins. Educating the majority should be more constructive than debating the minority.
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There are four main valuation frameworks for #Bitcoin and I wanted to summarize them with a target valuation that one would assign if one subscribed to that framework.

Thread 👇
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Bitcoin Scenarios 1 & 2

2) Bitcoin is a new monetary technology whose appeal is largely limited to technologically savvy and libertarian minded people who can tolerate its volatility, which will be a permanent feature of its existence going forward.

Long term target price: $10,000 - $100,000
— Vijay Boyapati (@real_vijay) November 10, 2020

Bitcoin Scenarios 3 & 4

4) Bitcoin will ultimately become the world's reserve currency. It is superior as a collateral asset to anything ever created and will eventually drain store of value premiums out of government bonds, real-estate, precious metals and rare art.

Long term target: $10,000,000+
— Vijay Boyapati (@real_vijay) November 10, 2020

Bitcoin - Closing Comments

After existing for a decade the first valuation framework, which was dominant in the early years, is now only subscribed to by ideologues and luddites (e.g., @PeterSchiff, @paulkrugman and @nouriel). No intelligent thinker who understands #Bitcoin subscribes to this framework.
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