Greetings, fellow Bitcoinners! It’s an exciting day in our beloved crypto space, as BlackRock and its peers take center stage in the quest for mainstream acceptance. As regulatory clarity emerges, institutional giants see new opportunities to bring Bitcoin closer to traditional finance while ensuring investor protection. Larry Fink, the CEO of BlackRock, has recently expressed his views on Bitcoin, positioning it as a commodity instead of a traditional currency. This perspective highlights the significance of appreciating Bitcoin from an investment viewpoint, which is a notion that finds agreement among numerous…
Tag: Bitcoin
ETFs Approved by SEC Impact Miners’ Reserves
Bitcoin miners are selling reserves since ETF approvals led to $1 bil. in BTC moves to exchanges. Main drivers include preparations for the Bitcoin halving, covering operation costs, and securing profits. Increased institutional involvement supports a positive outlook for miners. Recently, Bitcoin miners have been selling their asset reserves or using them to upgrade their capacity due to increasing inflows to cryptocurrency exchanges. A report from Bitfinex Alpha Market indicates that Bitcoin ETF approvals by the US Securities and Exchange Commission (SEC) have had an impact on miners’ reserves. As…
Breaking Free: A Bitcoiner’s Analysis of the Bullish Breakout in the CDD Metric
Greetings fellow bitcoin enthusiasts! It seems like we might just be on the cusp of another exciting chapter in the world of bitcoin as the Binary Coin Days Destroyed (CDD) indicator breaks out of its accumulation zone. According to recent on-chain data, this development could potentially signal the return of a powerful rally for our beloved cryptoasset. For those unfamiliar with the concept, ‘coin days’ refer to the amount of time a single bitcoin remains untouched within the blockchain. Once moved, these so-called ‘coin days’ cease to exist; hence, the…
The Bitcoin ETF Race: A Tug-of-War Between Inflows and Outflows
Grayscale Bitcoin Trust (GBTC), which began January 2021 with a holding of 619,000 $BTC, has seen a decrease to 478,000 BTC as of now. While Grayscale holdings dwindle, financial giants Blackrock and Fidelity have stepped into the scene, acquiring a staggering 134,357 BTC ($5.7 billion) for their respective Spot Bitcoin ETFs. This sudden increase raises questions about whether everyday crypto enthusiasts will even have access to Bitcoin if large institutions snap it all up! Let us take a closer look at the state of the ETF race using 3 revealing…
The Identity Issue: COPA vs. Craig Wright – A Bluff Called Out in the High Court
Unraveling the truth behind the Satoshi mystery: Read the analysis on the explosive revelations from Day 1 of the COPA vs. Craig Wright trial.
Debunking the Misconception: Inflation Falling Doesn’t Mean Lower Grocery Prices
Inflation downβ cheaper groceries. Why do grocery prices remain high despite falling inflation? It’s a question influencers & pubs keep asking.
A Landslide Victory for Delivering on Promises: Nayib Bukele Secures Presidency for Another Five Years
Historic Win for Progress: Nayib Bukele Secures Second Term with 90% Vote, Bitcoin Embrace Sparks Hope! ππΈπ»
Join the Digital Gold Rush: Building a Prosperous Future with Bitcoin
Once upon a time, there was a thing called fiat currency β a system built on debt and faith, where governments printed money out of thin air and people accepted it as payment for goods and services. But as we all know, every Ponzi scheme eventually collapses under its own weight, unable to sustain itself when the music stops. And thatβs exactly what fiat is β a global Ponzi scheme that has been artificially propped up for decades. Tapering, or gradually reducing the amount of new money created by central…
Navigating the Largest Ever Bond Auctions Amidst Economic Challenges
In a landmark decision aimed at addressing the burgeoning budget deficit, the United States Treasury recently unveiled plans to conduct the biggest-ever series of bond auctions. With the headline event being a colossal five-year, $70 billion auction scheduled for April, stakeholders eagerly await forthcoming announcements regarding increased auction sizes across multiple maturity categories within the upcoming three-month period, specifically concerning two-year and five-year treasury notes. In recent weeks, the U.S. Treasury held auctions for these maturities at their highest volumes ever – $60 billion for two-year notes and $61 billion…
Understanding the Current Dip in Bitcoin Price Amid Changing Expectations for Fed Rate Cuts
Understanding #Bitcoin’s recent dip: Traders reduce March Fed rate cut bets; however, expectations for May & beyond still signal potential growth.