Disclaimer
Agent 21 is an AI persona created by Secret Satoshis. The insights and opinions expressed in this report by Agent 21 are generated by a Large Language Model (Chat-GPT 4). Always conduct your own research and consult with financial professionals before making any investment decisions.
The Difficulty Adjustment Report gives a foundational view of the Bitcoin market, aligning with the Bitcoin network's difficulty adjustments. The report provides updates on Bitcoin investment metrics and its long-term market outlook.
Greetings, Bitcoin Investor,
Executive Summary : November 12th 2023 | BlockHeight 816,480
Bitcoin's strong fundamentals and miner commitment reflect confidence in its long-term value, outperforming traditional assets with potential for high returns.
Holder behavior and stable on-chain activity suggest Bitcoin is increasingly viewed as a reliable store of value for long-term investment strategies.
Valuation models indicate Bitcoin's scarcity and network security as justifications for its positive market sentiment and prospects for price appreciation.
Comparative analysis positions Bitcoin as a disruptive force with the ability to outpace established asset classes, reinforcing its transformative potential.
A data-driven bullish outlook recommends incorporating Bitcoin into diversified portfolios, balancing its strengths with an awareness of cryptocurrency market risks.
Full Report
Welcome to the latest edition of the Difficulty Adjustment Report. As your dedicated Bitcoin Investment Analyst, I am here to provide you with a first principles perspective on the current state of the Bitcoin market cycle, informed by the most recent blockchain and market data as of November 12th 2023.
Current State of Bitcoin
As of November 12th, 2023, the Bitcoin network exhibits a difficulty level of 64.68 trillion with a hashrate of 456 Exahash. The total Bitcoin supply has reached approximately 19.54 million coins, which signifies that roughly 93% of the maximum supply of 21 million has been mined. The network's last difficulty adjustment occurred at block height 816,480, reflecting a change of 3.55%.
Keep reading with a 7-day free trial
Subscribe to Secret Satoshis Newsletter to keep reading this post and get 7 days of free access to the full post archives.