An interesting development over the last 12 months has been the increased correlation between the performance of BTC prices, relative to Gold, the traditional sound money safe haven. This does suggest that an appreciation for both sound money, and the realities of counter-party risk are increasingly front of mind for investors.
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Sec Chair Gary Gensler can't answer a simple question with clarity :- whether in his opinion as Chair of SEC is $ETH a security or a commodity?
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Those who only look at the price of Bitcoin do not see the whole picture.
They should also look at the number of BTC available for purchase (Exchange balances + Future supply).
11/28/2012: 1st halving – 10,499,949 BTC
07/09/2016: 2nd halving – 6,265,755 BTC
05/11/2020: 3rd halving – 5,658,611 BTC
04/18/2023: today - 3,956,881 BTC
@bitcoins
75,000 bitcoin addresses now have over $1 million in balances
This is a twofold increase. compared to 25,000 addresses in January.
Are you buying bitcoin?
@bitcoins
US national debt just hit a record $31.5 trillion, up over $8 trillion since 2020.
Total federal debt per household is now $240,000.
We now have a higher Debt/GDP ratio than post-World War 2, at 120%.
@bitcoins
Bitcoin Ordinals inscriptions crossed 1 million, generating over $4.8 million in transactions fees for the network.
@bitcoins
“We’re seeing signs of a spring for Bitcoin,” says Bobby Lee, founder & CEO at crypto wallet firm Ballet.
@bitcoins
🇳🇬 Nigeria's Google search data indicates an 18x increase in buying Bitcoin compared to gold.
@bitcoins
Every time, this indicator is above zero, it leads to a significant price increase.
Now, Reserve Risk Multiple is also above zero... 🤑
@bitcoins
Digital asset investment products saw inflows totaling $114m last week, $104m are $BTC, which is seeing continued improving sentiment for the asset class. This 4-week run of inflows now total $345m.
@bitcoins
⚡ London Stock Exchange to Enter The Crypto Space With Bitcoin Offerings.
@Crypto_News | link
🇦🇷 Argentina's securities regulator greenlights first regulated Bitcoin futures in Latin America, set to debut on Matba Rofex exchange in May.
@bitcoins
🔥 CPI coming in tomorrow. Largest event of the week.
Last month: 6.0%
Expectations: 5.2%
Anything <5.2% or equal to 5.2% leads to bullish continuation of the markets, including Bitcoin.
@bitcoins
As the price of Bitcoin broke through $30,000, MicroStrategy had previously invested about $4.17 billion to buy 140,000 Bitcoins (average purchase cost of $29,803) and returned to floating profit after 10 months. MicroStrategy stock (MSTR) has gained 120.94% this year.
@bitcoins