It's not going away Senator Warren. Check out the charts below pertaining to the Bitcoin hash rate and Bitcoin wallets and levels of BTC stored.
Here are some recent relevant posts related to this topic:
Did The Bitcoin Price/Volume Trend Change Yet?
Credit Default Swaps And Bitcoin
YCC and QE - Fed WANTS Inflation
The chart below, courtesy of Glassnode, depicts the BTC network hash rate along with the exchange rate of Bitcoin. Call us crazy but it sure appears that the network is getting substantially stronger right in the face of a massive meltdown and effort to take down Bitcoin and "crypto" in general.
The below chart, again courtesy of Glassnode, depicts how many Bitcoin wallets store at least 1.0 BTC. Since early 2022, this number has skyrocketed. This was aligned nearly perfectly with a brutal bear market in price along with a massive FUD campaign (yet again!) deployed to try and hurt and damage Bitcoin in any way possible.
Yes, accumulating one whole Bitcoin was easier during this time with fiat given lower exchange rates, but the dramatic move higher in these numbers suggest it's a lot more than that.
Our take: Bitcoiners are digging in their heels and even doubling and tripling down on their commitment.
Bonus Chart: The below depicts the growth in FREE BITCOIN one can get merely from walking and shopping using the sMiles BTC App which is available on Android BTC and iPhone BTC.
