flarnrules
Welcome back to the Flarnchain newsletter. Brought to your inbox, each and every week, like an atomic clock. <insert joke here about how taking 35 weeks off>
Just because I took 35 weeks off from the Flarnchain Newsletter doesn't mean that I didn't think about it... a lot. I probably could have just used that time thinking to do some "doing" or in this case "writing" but I didn't. The past is past, the present is now, and the future can be exciting, or it can be dull. It can also be somewhere in-between.
This week's newsletter has no specific topic. No specific goal. And it's not going to be very long. First and foremost, let's cover the basics:
Bitcoin ($BTC): Bitcoin is currently hovering around $100k per Bitcoin. That's insane. The last newsletter I wrote, on June 12, 2024 Bitcoin was around $66k. Bitcoin Popped to $100k around the beginning of November 2024, and has stayed there ever since. If anyone believes that crypto is in a deep bear market... they probably don't have enough Bitcoin.
Ethereum ($ETH): Ethereum is currently around $2,700, and has been range bound between $4k and $2k for the past year. When I wrote the last Flarnchain Newsletter, $ETH was quite a bit higher than it is today, at $3,618. That's pretty wild. Bitcoin is up over 45% and Ethereum is down almost 25%.
The last newsletter I wrote was about the concept of "altcoin season". Altcoin season is a theoretical event that occurs after Bitcoin season. The theory goes that after a sustained Bitcoin bull market, folks who hold Bitcoins will take some profits with their Bitcoins into "altcoins" which means any crypto assets that aren't Bitcoin. First, into major altcoins like Ethereum, and then later into smaller altcoins and fresh new utility-based projects. There's some evidence of this theory during the last bull-market in 2020-2022. I'm not going to go into details, because I'm hoping to wrap this thing up very soon, but I think this would be a great topic to cover in the coming weeks.
Let's close this week's newsletter out with a high level status update. I've maintained a list of 12 years of Wednesdays since the inception of this newsletter. It is called the "Flarnmap" and it's simply a way of tracking where this newsletter is at in relation to the 12 year time horizon I set when I started writing this thing. I've greyed out all of the weeks where I missed a newsletter.
Chew on this for a moment, and let me know your thoughts in the comments.
As always, thanks for reading my newsletter if you made it this far. See you next week!
Cheers,
-Flarn
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