#forecast 044 : Quietly starting 2022

Dear subscribers,

Welcome to The Bitcoin Forecast #44 and 2022! Overall not a lot has changed since my last letter, it’s been a quiet zone during the holiday season. I’ll cover some of the shorter term changes to on-chain structure.

Top level summary for 2nd Jan 2022 (current price $47.6k):

• Macro structure: Long term holders continue to have most of the co…