🚨 CMC News: $BTC Illiquid Supply Drops as 62K Coins Exit Wallets.🔗 https://t.co/nwXixAvP1C https://t.co/f28qfLeEBs ...

Market Trend & Investment Philosophy - Bitcoin is viewed as a simple savings technology, attracting investors due to the perception that central banks will continue printing money, thus driving its value up [1] - Bitcoin is becoming the hurdle rate in finance, outperforming traditional assets like the S&P 500 when priced in Bitcoin [2] - Investors are increasingly buying Bitcoin as a "debasement trade," avoiding the complexities of traditional financial analysis [1] Supply Dynamics - A significant portion of Bitcoin is being taken into illiquid supply, suggesting long-term holding strategies among Bitcoin owners [4][5] - The increasing illiquid supply, coupled with rising demand, is expected to drive Bitcoin's price higher due to its finite supply [5][6] Competition & Comparison - Gold and Bitcoin are both seen as benefiting from currency debasement, with Bitcoin characterized as "gold with wings" due to its higher volatility and smaller market cap [7][8] - While gold has outperformed Bitcoin YTD (up 50% vs 33%), Bitcoin's average Q4 return since 2015 is 60% [7] - Over a 5-year period, Bitcoin has significantly outperformed gold (up 1,000% vs 100%) [8] Investor Demographics & Institutional Adoption - Gold investors tend to be older, including central banks and institutions, while Bitcoin adoption is growing among older demographics [9] - There is an aspiration within the Bitcoin community for central banks to eventually hold Bitcoin as part of their treasury reserves [10]