4/26 ANDY HOFFMAN (CryptoGoldCentral.com): BRhodium’s SCARCITY, And VALUE, Will Shortly Be Fully Understood
I have no problem being a “broken record,” as the only way to properly market an asset – particularly, a nascent one, pushing to break into the mainstream – is repetition. As a well-known sound money advocate, and value investor, I have spent 17 years searching for the best way to store value – and in my view, BRhodium has the potential to do so for decades to come.
I used to think Precious Metals were scarce – which they are, relative to fiat currency. However, paper derivatives have dramatically diluted such scarcity – which itself, is highly opaque, given the lack of reliable supply information. Moreover, comparing PMs to crypto is laughable – as in every aspect, crypto is superior.
As I have painstakingly discussed in countless articles, like the two penned last week, EXTREMELY few altcoins have viable, defensible use cases – particularly in the store-of-value space.
Bitcoin cannot figure if it is a store-of-value, transactional currency, or both – but at the moment, has few legitimate “competitors” in the store of value realm. Which is why BRhodium’s birth last year – during a vicious bear market, when essentially all altcoin development died – is so exciting, and novel.
The COMMUNITY built over this period, in an asset with unique store-of-value properties, including the only dividend in the entire crypto space, is in my view un-replicatable; at least, for the foreseeable future. Since October’s MainNet launch, massive accumulation has occurred – first OTC, and now on exchanges; to the point that, by my estimate, 95% is in the hands of a small group of whales and mega-whales - who will increase this concentration further, as they collect 95% of the Strong Hands dividends over the next eight years.
To that end, “someone” last week dramatically ramped up the network’s hash rate – in my view, to secure one of the last remaining sources of this increasingly SCARCE resource. Is it coincidence that the hash rate surge occurred HOURS after listing on the well-respected FatBTC exchange in China? I don’t know – but as I’ve written before, there is already a significant Chinese presence in BRhodium – which is why, this week, the site was translated into Chinese. China is unquestionably one of the most crypto-savvy nations on the planet – which on its own, can make a small crypto asset into a large, highly desired one.
As I predicted last night, as soon as the Tether FUD emerged, a number of massive “stink bids” showed up in the low .001 (BTC per XRC) range, as savvy investors hope someone will panic, and dump at ridiculously low prices. This is part and parcel of the “BUYLO” mindset that has guided XRC investors’ actions for months – which shortly, I expect to morph into FOMO, when they realize no supply is left in this extremely SCARCE, VALUABLE asset at such prices.
I’m particularly intrigued to see how it performs if the Bitfinex FUD continues – as if there’s any crypto asset immune to what occurs at Bitfinex, and to Tether, it’s BRhodium!
BRhodium currently trades on p2pbp2.io, Trade Satoshi, and Bisq. If you have questions about anything XRC-related, including OTC trading, please email me at [email protected], or DM/PM me on Twitter or Discord.