issue 49 - week of 09-19-21
curating the good stuff for the casual bitcoin enthusiast each week
news
MicroStrategy Acquires Additional 5,050 Bitcoins.
https://www.microstrategy.com/en/investor-relations/financial-documents/microstrategy-acquires-additional-5050-bitcoins_09-13-2021
PayPal completes crypto trading rollout for UK customers.
https://cointelegraph.com/news/paypal-completes-crypto-trading-rollout-for-uk-customers
Ukraine set to become next country to make Bitcoin legal tender.
https://www.cityam.com/ukraine-set-to-become-next-country-to-make-bitcoin-legal-tender/
"Bitcoin Really Does Fix This": El Salvador's Adoption Of Bitcoin Will Cost Money Transfer Companies Hundreds Of Millions In Fees.
https://www.zerohedge.com/markets/bitcoin-really-does-fix-el-salvadors-adoption-bitcoin-will-cost-money-transfer-companies
Fidelity: Understanding Bitcoin. (Transcript)
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/learning-center/082621%20understanding%20bitcoin%20transcript%20final.pdf
Brevan Howard Hedge Fund Joins the Rush to Crypto With New Unit.
https://www.bloomberg.com/news/articles/2021-09-13/brevan-howard-forms-digital-assets-unit-in-crypto-investing-push
Cathie Wood’s Ark Grants Itself Power to Buy Canada Bitcoin ETFs.
https://www.bloomberg.com/news/articles/2021-09-13/cathie-wood-s-ark-grants-itself-power-to-buy-canada-bitcoin-etfs
Bitcoin Opportunity: Africa Adoption Rate Is Highest Globally.
https://www.forbes.com/sites/oluwaseunadeyanju/2021/09/14/bitcoin-opportunity-africa-adoption-rate-is-highest-globally/
Laos pushes into crypto as it authorises mining and trading.
https://www.ft.com/content/3a820200-0128-42b3-be6c-f5abd6381efa
Lightning Adoption Propelling Bitcoin Usage in El Salvador and Beyond.
https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador
Gold won’t boom like Bitcoin any time soon, US Global Investors CEO says.
https://finbold.com/gold-wont-boom-like-bitcoin-any-time-soon-us-global-investors-ceo-says/
Boomers are suddenly buying bitcoin.
https://www.afr.com/wealth/investing/boomers-are-suddenly-buying-bitcoin-20210914-p58rjb
Opinion: How Bitcoin Can Immunize America From Cancel Culture.
https://www.nytimes.com/2021/09/15/opinion/cryptocurrency-americans-free.html
media
CNBC. Cathie Wood: Bitcoin will rise tenfold over the next five years.
Bloomberg. Microstrategy’s Michael Saylor Doubles Down on Bitcoin.
YouTube. BITCOIN Documentary: This Machine Greens.
tweets
(づ。◕‿‿◕。)づ 🌊тнє 5тн ωανє ιѕ ¢σмιηg 🌊
⤷ And the Φ #GoldenRatio Φ plays a key role 👀
The #Bitcoin bull run is missing its 5th wave.
This final push will send #BTC and the $TOTAL #cryptocurrency market into 🚀MANIA🚀 mode.
Zooms and full analysis in following tweets
Using the #BTC LT & ST HODLers supply dynamics to determine BTC's blow off tops & bear phases
TLDR:
1. Blow-off tops occur 59-70 days when the LT & ST HODLer supply lines cross after the halving
2. BTC isn't in a bear phase
3. LT HODLer supply may rise until 1 mo before peak
We are currently in another bullish impulse of BTC getting locked up by strong hands. (entities with statistically low history of selling)
Expecting continued upside through October, just keep an eye on derivatives data for short-term price fluctuations. Comfy in spot.
This wave of Bitcoin supply shock has the most momentum of any in recent history.
We're going much higher over the coming months.
The #Bitcoin presentation that Fidelity showed to SEC last week in a private meeting.
"Firms should be able to meet investor demand for direct exposure to #Bitcoin"
Blockstream CSO @Excellion joined CNBC to explain to a mainstream audience why concern about #Bitcoin ‘s energy usage is misplaced.
*Billionaire Steven Cohen Plans to Invest in New Crypto Quant Trading Firm, Company Says
*New Firm, Called Radkl, to Be Led by Partners of High-Speed Trading Firm GTS
*Radkl Investment Deepens Cohen's Involvement in Digital Assets
I posted this map of the BTC supply distribution, but many asked "but what does this mean?".
Well, it says quite a lot, this is the whole ecosystem talking to us. Since people didn't see what I though was in plain sight, I'll break it down and add a bit more colour.
👇
Willy Woo @woonomic
In my opinion #bitcoin (S2F56, $1T) is undervalued compared to gold (S2F60, $10T) and real estate (S2F95, $100T)