The current Bitcoin bear is five months old, compared to the one-year length of the 2018 bear market, and eighteen months in 2014-15. Clearly, the amount of interest in the space, and rapidly changing dynamics, has compressed market cycles – which I believe will again prove the case, with a potentially historic halving 5½ months away.
This, and the fact Bitcoin’s hash rate is 5x the February 2018 bottom, and 3x December 2018 – at a time when global monetary recklessness, debt, and negative-yielding “assets” are at all-time highs.
Throw in the fact that thousands of altcoins are being exposed for having no use case; amidst a rapidly growing foundation for institutional investment; and it’s difficult to believe the next bull phase will not only start soon – for Bitcoin, and the handful of QUALITY altcoins – but be the biggest one yet.
Having worked with MWC since the project launched ten months ago, through this month’s MainNet and exchange launches, I’ve learned more about MimbleWimble than 99% of the crypto community – in my view, “inside information” given how revolutionary the technology is, and close to commercial viability. Consequently, I could not be more confident in its future – whether the Bitcoin community wisely; perhaps forcibly, by necessity; adopts it or not.
During this Fall’s crypto carnage, “MimbleWimbleTrinity” coins Grin and Beam have been “thrown out with the bath water” – as cumulatively, Grin, Beam, and MWC are now worth just over $50 million, compared to a nearly $150 million cumulative market cap for Grin and Beam in June…when the technology was FAR less advanced than today.
If you believe Bitcoin’s future is bright, as I do - than nearly by default, you must believe in the “MimbleWimbleTrinity.” Bitcoin’s store-of-value properties are unassailable, but its technology MUST be upgraded as the network grows larger (see yesterday’s Mempool explosion), with more invasive enemies seeking to reduce its privacy and fungibility.
Consequently, the reward/risk profile of an ENTIRE SECTOR valued at $50 million, with multi-billion potential, is as favorable as you’ll find in the financial world…particularly, when the lowest valued of the three “MWT” coins is the scarcest, with a “HODL reward” incentivizing investors to hold through MimbleWimble’s (potentially very short) nascency.
The MWC airdrop registration ended July 19th and MainNet launched November 11th – with airdrop claims scheduled to commence December 11th. A total of 148,474 Bitcoin registered – roughly 1% of the entire BTC float - yielding an MWC/BTC ratio of roughly 40.41…and currently, it trades at HotBit.io. For more information, please check out the MWC website, Discord room, Twitter feed, and Telegram Forum.
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