issue 51 - week of 10-03-21
curating the good stuff for the casual bitcoin enthusiast each week
news
Bitcoin Price Jumps After Powell Says U.S. Has No Plans to Ban Crypto.
https://www.wsj.com/articles/bitcoin-price-jumps-after-powell-says-u-s-has-no-plans-to-ban-crypto-11633094452
Coinbase Report: Expect Growth in Crypto Funds and SEC-Approved ETF Soon.
https://www.institutionalinvestor.com/article/b1tlpqznw8vlr1/Coinbase-Report-Expect-Growth-in-Crypto-Funds-and-SEC-Approved-ETF-Soon
El Salvador has just started mining bitcoin using the energy from volcanoes.
https://www.cnbc.com/2021/10/01/el-salvador-just-started-mining-bitcoin-with-volcanoes-for-the-first-time-ever-and-theyve-already-made-269.html
Deutsche Bank: “I could potentially see Bitcoin to become the 21st century gold.”
https://www.db.com/what-next/digital-disruption/dossier-payments/i-could-potentially-see-bitcoin-to-become-the-21st-century-gold
Gensler Reiterates Support for Futures-Based Bitcoin ETFs.
https://www.coindesk.com/policy/2021/09/29/gensler-reiterates-support-for-futures-based-bitcoin-etfs/
Bitcoin and beyond: evolving for the digital world of tomorrow.
https://www.linkedin.com/pulse/bitcoin-beyond-evolving-digital-world-tomorrow-tim-corbett
/
Texas Poised To Be A World Leader In Bitcoin And Blockchain.
https://www.forbes.com/sites/jasonbrett/2021/10/02/texas-poised-to-be-a-world-leader-in-bitcoin-and-blockchain
U.S. should do ‘exact opposite’ of China on crypto, says Andreessen Horowitz’s Katie Haun.
https://www.cnbc.com/2021/09/29/us-should-do-exact-opposite-of-china-on-crypto-says-katie-haun.html
Bitcoin Miners Eye Nuclear Power as Environmental Criticism Mounts.
https://www.wsj.com/articles/bitcoin-miners-eye-nuclear-power-as-environmental-criticism-mounts-11632654002
Walk-in Cryptocurrency Exchanges Emerge Amid Bitcoin Boom.
https://www.wsj.com/articles/walk-in-cryptocurrency-exchanges-emerge-amid-bitcoin-boom-11633107697
Crypto’s ‘Peak FUD’ Moment Has Arrived as Hammer Drops in China.
https://www.bloomberg.com/news/articles/2021-09-24/crypto-s-peak-fud-moment-has-arrived-as-hammer-drops-in-china
Designed to avoid regulation – the real roots of bitcoin.
https://blogs.lse.ac.uk/businessreview/2021/09/28/designed-to-avoid-regulation-the-real-roots-of-bitcoin/
Valuing Bitcoin and Diagnosing Its Unprecedented Volatility.
media
CNBC. CoinShares' Demirors predicts bitcoin will more than double in Q4.
Podcast. What Bitcoin Did: Is the Cycle Going to Break? With Willy Woo.
CNN. Jack Mallers on CNN.
tweets
The Bitcoin long term log chart looks pretty luscious. Who knows if the wedge breaks on first attempt but a consolidation pattern of this magnitude usually leads to a very, very powerful upside move. #BTC
We’re still testing and installing, but this is officially the first #Bitcoin mining from the #volcanode 🌋
Last time 3wk rolling #BTC correlation vs sticks was > 2 standard deviations above trend was in July-Oct ‘20, before we took off on a 5x move
@WClementeIII
We are rapidly approaching some very important dates in the bitcoin ETF landscape!
Several spot-based ETF filings will receive the final SEC verdict in a couple of months, while the futures-based ETFs will get their first SEC response in October.
"Sell in May and Go Away" is a legit strategy and not just a meme. #bitcoin $SPX
details:
barrons.com/articles/sell-…
Chivo is adding 150,000 users per day - Next stop : 3 Mil lightning users of Bitcoin reddit.com/r/Bitcoin/comm…
$BTCUSD long term holder supply now back to 80.5%. Note historicals when we were at similar levels. Also note, larger BTC tops were put in when LT holders were significantly lower. Sets backdrop for 'supply squeeze' and higher prices.
h/t @MichaelRinko