Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Bitcoin’s Market Cap
Just to put things in perspective, here’s how the total value of all Bitcoins. Incredibly, 30% of this value has been lost by human error, such as losing the password or throwing away a hard drive.
Macrostrategy
MIchael Saylor is on top of the world right now, because he has taken what used to be a total train-wreck of a company from the Internet Bubble era, Microstrategy (MSTR) and turn it into a giant Bitcoin holding company. Note how volume has surged lately.
Fantasy Up, Reality Down
I believed that – – and wrote – -that Trump would win the election for most of 2024. However, I didn’t think it would be a blowout win. I figured he’d lose the popular vote and win the Electoral College. Instead, it was almost a Reagan-level victory. Popular vote: won. Electoral College: won. Senate: won. House: won. Supreme Court: majority.
With all of that, Bitcoin has been celebrating like mad, up $30,000 over the past ten weeks and up over $10,000 since last Monday. It got within spitting distance of $83,000 last night.
Crypto-Crazed
For the first time ever, Bitcoin has pushed above the psychologically significant $80,000 level. You can expect a tidal wave of stories about this over the next twenty-four hours, because the media loves Big Round Numbers. It has pushed up about $14,000 just since Election Day!
