Q1 2022 Report - Legacy

Q1 2022 Report - Legacy
Parts of this update have been removed as it relates to operations.

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TL;DR (Too Long; Didn’t Read)

  • Bitcoin supply is fixed, and demand is stagnant for the time being, thanks to macro factors. This is providing a wide-open field for accumulating and executing short-term fixed loan contracts.
  • Key Metrics continue to prove adoption is increasing, and the network is becoming more secure.

Market Update

Supply Side:

We have 19,000,000 bitcoin in the total supply.  Our analysis estimates we only have 13,200,000 available in the market, with most of that illiquid and unlikely to move.  Alongside institutional adoption, we are seeing smaller users on the network grow.  The number of addresses with a balance of more than 0.1 bitcoin ($4,000 today) has been steadily increasing since a relative low in July 2021, right after an all-time high of $63,000.  We are now at an all-time high of addresses with more than 0.1 bitcoin, 3.4 million.

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