HODLer Newsletter · Issue #1

The Post-Halving Landscape: Why Patient Investors Win

June 2024 · By The HODLer · 8 min read
BTC/USD
$69,233
▲ ACCUMULATE
ETH/USD
$2,113
▲ ACCUMULATE
SIGNAL
HODL
Always

Welcome to the first issue of the HODLer Wisdom Newsletter — a weekly dispatch for those who believe in sound money, financial sovereignty, and the long game. No price predictions. No moonshots. Just the kind of clear thinking that builds real wealth over time.

The State of Bitcoin: Post-Halving

We are approximately 8 weeks past Bitcoin's fourth halving event (April 19, 2024). The block reward has been cut from 6.25 BTC to 3.125 BTC — meaning miners now produce roughly 450 new Bitcoin per day, down from 900. At current prices, that's roughly $31 million per day of sell-side pressure that has simply been eliminated from the market.

Let that sink in. The daily supply of new Bitcoin was just cut in half. Permanently. Forever. And it will be cut in half again in approximately 2028.

"The halving is a scheduled, predictable supply shock. There has never been a halving that was not eventually followed by a new all-time high. This one will be no different."

What Happens After Halvings?

Historical pattern (not a guarantee, but striking):

Returns diminish as the asset matures — that is expected and healthy. But the directional thesis remains unchanged: fixed supply + growing demand = higher prices over time.


The ETF Era: What It Means for HODLers

The approval of spot Bitcoin ETFs in January 2024 was not a hype event. It was a structural shift in who can own Bitcoin. Pension funds, insurance companies, sovereign wealth funds, and retail investors with traditional brokerage accounts can now allocate to Bitcoin without touching a wallet or exchange.

In the first 5 months of trading, Bitcoin ETFs accumulated over $15 billion in net inflows. BlackRock's IBIT became one of the fastest-growing ETFs in history. This demand is structural and durable — it doesn't evaporate with a bad news cycle.

For HODLers, the implication is simple: the pool of potential buyers just expanded by orders of magnitude. The supply didn't change. Do the math.


Ethereum Watch: The ETF Catalyst

Ethereum is navigating its own potential inflection point. The SEC is considering spot Ethereum ETF applications from multiple asset managers. If approved — and early signals suggest it's when, not if — ETH would experience a similar institutional demand surge to what Bitcoin saw in January 2024.

Current price: ~$2,113. Analysts cite $2,800-$3,000 as the next key resistance zone. For the long-term DCA investor, the current price represents accumulation territory — especially with the ETF catalyst potentially ahead.


HODLer Mindset: The Art of Ignoring Noise

This week's noise: a government official made negative comments about crypto regulation. Bitcoin dipped 4%. Crypto Twitter erupted. Reddit was full of panic. "Is this the end?"

No. It isn't. It never is.

Bitcoin has been declared dead 474 times (and counting, tracked at 99bitcoins.com). It has survived: Mt. Gox ($460M hack), China banning Bitcoin (multiple times), the 2018 bear market (-83%), COVID crash (-50% in 48 hours), FTX collapse, and every regulatory threat ever lobbed at it. The protocol doesn't care. It mines a block every 10 minutes. It always has. It always will.

Your job, as a HODLer, is to have a stronger conviction than the market's emotional participants. Not difficult — just requires doing the reading.


This Week's Reading List


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