Today’s Bitcoin news!
PRICE UPDATE:
Today Bitcoin dipped down to $62,312.59 but has since bounced up to the $64-65k area. These types of ~15% drops are commonplace in bull runs.
You may think you understand #Bitcoin but if this pullback has yo…
Today’s Bitcoin news!
PRICE UPDATE:
Today Bitcoin dipped down to $62,312.59 but has since bounced up to the $64-65k area. These types of ~15% drops are commonplace in bull runs.
You may think you understand #Bitcoin but if this pullback has you scared and running for the exits, you DON'T understand Bitcoin. POST: https://twitter.com/rajatsonifnance/status/1770074113895174338
therationalroot: Giant GBTC outflows, 9.5k #BTC. Since ETF approval, 250,000 BTC have flowed out of Grayscale. This substantial sell pressure was mostly offset by other ETFs' inflows. We were overdue for a pullback, and yesterday, and likely today, outflows are in charge. POST: https://primal.net/e/note1lz9a2qp08nglr875n6cae3pqdpka566n9t6vmpmu6qrqakrpmeastn69eq
At the height of his wealth, John D. Rockefeller had amassed close to 1% of global GDP. The wealthiest man in history. MicroStrategy now has >1% of the #bitcoin supply. When we reach a bitcoin standard, MicroStrategy will be the wealthiest entity in the history of the world. . POST: https://twitter.com/ts_hodl/status/1770066473181974867
BITCOIN’S FUTURE PRICE?:
Bitcoin Stock-to-Flow model:
2020-2024 halving cycle: ~$50k
2024-2028 halving cycle: ~$500k
2028-2032 halving cycle: ~$5m
Yes, S2F = exponential growth, and it will continue IMO.
[from PlanB @100trillionUSD]
POST: https://twitter.com/100trillionUSD/status/1769681310296035783
FLASHCRASH?:
BTC Under $10K? Bitcoin Price Flash Crashed on BitMEX to $8.9K. Significant sell orders worth $55.49 million caused Bitcoin’s price on BitMEX to briefly drop to $8,900. ARTICLE: https://cryptopotato.com/btc-under-10k-bitcoin-price-flash-crashed-on-bitmex-to-8-9k/
ADOPTION:
BREAKING: 🇯🇵 Japan's $1.4 Trillion Government Pension Investment fund, is looking into buying #Bitcoin to diversify its investments. POST: https://twitter.com/RadarHits/status/1770021220718633037
Bitcoin is the only way pensions will be able to fill their funding gaps in the coming decade. This is not priced in. POST: https://twitter.com/MartyBent/status/1770169116801761784
The entire world can audit the Bitcoin reserves of El Salvador, verified every 10 minutes. US Federal Reserve??? POST: https://primal.net/e/note1f83ueyhmcp8w8c6sl3shwsnvuvxj0f2v48fluae2h5n5ttcd4asqvvet8s
The #Bitcoin Lounge in Mumbai 🇮🇳. Which one of you plebs owns this place 👀. POST: https://twitter.com/SimplyBitcoinTV/status/1770135211071672791
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