Just a little perspective on the
#bitcoin
drop:
1.) Bitcoin is up +1200% for the year; a -30% drop is normal
2.) If Bitcoin drops to $5k it will still be up +400% for the year
3.) Bitcoin worked perfectly fine at $100, $200, and $300...it doesn't need to be $20k to succeed
WOW!! big
#bitcoin
news -->
Intercontinental Exchange Announces Bakkt, a Global Platform and Ecosystem for Digital Assets
Starbucks will accept
@bitcoin
$sbux
WELCOME TO
#Wyoming
,
@Ripple
! More
#crypto
cos are realizing Wyoming is a better domicile than Delaware due to our crypto-friendly laws. People often ask how many cos have relocated/redomiciled to Wyoming--we dunno. We don't keep lists & we like it that way
#XRP
@Mark_Gordon_WY
π€
Just changed 10 Swiss Franc to USD...rules say you have to switch to Euro first. After all fees I got back $5 ...and people say
#bitcoin
fees are too high!!!
Today is CBOE Bitcoin Futures Expiration.
This chart comes from one of the best crypto traders I know; who wishes to remain anonymous.
I will call him "Pocket Full of Crypto"
#bitcoin
tends to recover after expiration
Another genius presentation by
@aantonop
. Take 20 min and watch this to get a sense why
#bitcoin
is not fad.
Money (one of the oldest technologies in the world) is now open source β>
@CremeDeLaCrypto
Some people have called
#bitcoin
and cryptocurrencies irrelevant and even suggested not talking about them...the people have spoken, this asset class is unbelievably relevant.
@CoinDesk
also interesting to note that after the halvening $BTC will have a higher stock-to-flow ratio than gold.
@100trillionUSD
has done the seminal work on stock-to-flow, those interested should check it out.
bitcoin halving is "quantitative-hardening"
fiat undergoing lots of politically driven quantitative easing.
bitcoin supply algorithm starts quantitative hardening next month.
(
@pwuille
quantitative hardening pun in bitcoincorrr rebrand joke. I like quantitative hardening!)
BREAKING:
@Fidelity
launches standalone company 'Fidelity Digital Asset Services' to handle custody & execute trades for
#cryptocurrencies
. Only for institutional (not retail) clients but could be game changer for the space
A few iterations of this chart have been floating around.I'll add mine to the pile.
374 days after 2016 halvening
#Bitcoin
completed a correction at about $2350, then went on the rally to $19k+
So far the 2020-2021 cycle has tracked 2016-2017 cycle. +374 since 2020 halvening
Interesting divergence continues in
#Bitcoin
between Active Addresses (Red Line) and Price (shaded area).
Network activity is increasing, will price follow?
Chart via
@coinmetrics
and data found
@MessariCrypto
JUST IN β
@Facebook
is looking to hire a lead commercial counsel for blockchain to negotiate "partnerships needed to launch new products."
@baidakova
reports
VERY big news for the asset class --> Yale University has invested in everything from Puerto Rican bonds to New Hampshire timber. Now it's getting into the market for cryptos via
@markets
hmmm...i think we need to talk, speculative frenzy? you might be right and investors should be careful... BUT, your 5 Concerns...
1.) Who's the Creator? Many of the original developers are quite public and still working on the software.
Made some big bucks cashing in on bitcoin? Congrats! BUT....
@JimCramer
's got 5 big concerns about the cryptocurrency that you need to watch out for. Get more here:
1/ BOOM!
#Wyoming
just recognized clear, direct property rights for
#digitalassets
by passing SF125! This means
#blockchain
cos will prob want to apply WY law to your contracts, domicile here, &/or have a physical presence here. Thx again to the army of ppl who helped over months
Amazing piece by
@CaitlinLong_
-->
Bitcoin has a systemic-stability mechanism built into it but no price-stability mechanism built into it.
@ForbesCrypto
Here's why you can't really have blockchain without bitcoin.
@mikejcasey
His new book with
@paulvigna
"The Truth Machine: The Blockchain and The Future of Everything" is out later this month