To The Bitcoin Skeptics, Are You Sure You Figured It Out?

BitcoinActuary is an actuary based in the U.K. exploring Bitcoin.

This is an article for your nocoiner friends, seeking to view bitcoin from a slightly different angle.

Bitcoin is still around $30,000 and you have no idea why. All you can still see is a melee of “crypto” Ponzi schemes that will crash to zero any day now. Bitcoin is just another one of them, if anything, superseded by other cryptocurrencies with more utility and newer tech.

Hence you might well ask, “How on Earth is bitcoin still some 50% higher than its previous all-time high prior to late 2020?!” Let’s dive into one slightly different angle by which to look at it.

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