3/18 ANDY HOFFMAN (CryptoGoldCentral.com): Soaring Rhodium Portends Skyrocketing BRhodium!
Given my Precious Metal background, I could not have approved more of the name “Bitcoin Rhodium.” After all, Rhodium is so scarce, we rarely could source it AT ALL in the six years I worked at a major bullion dealer.
Despite being so scarce, and precious, it is so unknown, few people have ever heard of it. Thus, it is completely apolitical, with not a single “official” enemy; paper derivative; or the slightest motivation, from anyone, to suppress it.
Few people follow Rhodium, and I am one of them. It has laid dormant for years – until BAM! - it just exploded, from a low of roughly $700 two-and-a-half years ago; to $1,500 last year; to more than $3,000 today. Which is nothing for rhodium – as given its EXTREME scarcity, it has been known to have MASSIVE price spikes…like when it exploded from $500 in 2004, to $10,000 in 2008.
https://twitter.com/bulldogholmes/status/1105474908031774720
I have written endlessly of BRhodium’s scarcity, but Bitcoin “maximalists”; those jealous of free airdrop participants; and those without open minds, or eyes and ears, attacked it, and me, simply because it’s an altcoin.
Perhaps if they read the 100 articles or so I’ve written on it, detailing its progress from day one until today, they’d realize ultra-scarcity is just one of the amazing features of this rapidly evolving, maturing, coin – which its anonymous devs have painstakingly nurtured, 24/7, through the worst imaginable crypto market conditions.
We’ve seen BRhodium spike from $3 to $30 when its MainNet launched in late October – this, as Bitcoin languished around $3,500. So today, at $8, it has a long way to go to get to its all-time high – which, when it inevitably gets there, will still give it a measly market cap of $25 million, compared to just $7 million today. Compared to its “competition,” it has a LONG way to go – particularly, versus “BGold,” with its $235 million market cap and inferior fundamentals.
In less than two weeks, BRhodium will release its source code to the public – completing a 16 month process of creating one of the most secure, efficient, and valuable coins in the crypto universe. In turn, it will be sent to major hardware wallet providers –as the devs work on implementing privacy protocols, and tweaks to the unique Strong Hands in-kind dividend program. Additional exchanges will be added; a coinmarketcap.com listing; and other positive surprises, no doubt.
But best of all is BRhodium’s “ultra-scarcity,” which I first wrote of last year when I suggested it could be the “Berkshire Hathaway of Altcoins.” To wit, just 2.1 million will ever exist; however, just 840,000 exist today, and it will take a century to get to the 2.1 million.
Of the roughly 840,000 outstanding, 250,000 are held in the Strong Hands dividend program, which will take eight years to distribute – largely to the XRC whales that control the majority of the float. Given the 10:1 XRC/BTC airdrop ratio, those with big BTC positions acquired, for free, the vast majority of the float; as did others who followed the story closely, acquiring large positions for prices below $5 following the MainNet launch. Throw in the developers holdings, and I’d bet at least two-thirds is in VERY Strong Hands – which will become increasingly apparent as the last of the “post listing overhang” is shortly absorbed, ESPECIALLY if indeed the crypto market is headed for a new bull phase.
At today’s $7 million market cap, BRhodium is in my vie the best risk/reward coin in all of crypto – which is why it is my only position, and will continue to be until MWC launches later this year. Get ready crypto, to see ultra-scarcity in action - of a coin with a viable, defensible use case and a powerful, strong hands community!
If you have any questions about BRhodium, or XRC OTC trading, please email me at [email protected], or DM/PM me on Twitter or Discord.