issue 53 - week of 10-17-21
curating the good stuff for the casual bitcoin enthusiast each week
news
Cryptos Surge On News SEC "Set To Allow" Bitcoin Futures ETF.
https://www.zerohedge.com/markets/cryptos-surge-news-sec-set-allow-bitcoin-futures-etf
SEC Set to Allow Bitcoin Futures ETFs as Deadline Looms.
https://www.bloomberg.com/news/articles/2021-10-15/bitcoin-futures-etf-said-not-to-face-sec-opposition-at-deadline
Square CEO Dorsey says looking to build a bitcoin mining system.
https://www.reuters.com/technology/square-ceo-dorsey-says-looking-build-bitcoin-mining-system-tweet-2021-10-15/
North Vancouver to be World’s First City heated by Bitcoin.
https://mintgreen-blockchain.medium.com/north-vancouver-to-be-worlds-first-city-heated-by-bitcoin-7c4389822fd1
Bitcoin could trigger financial meltdown, warns Bank of England deputy.
https://www.theguardian.com/technology/2021/oct/13/bitcoin-could-trigger-financial-meltdown-warns-bank-of-england-deputy
$30B Daily Moving On Bitcoin Blockchain-BTC Is Doing $190k Per Second Compare To $130k Per Second By Visa For US Customers.
https://thecryptobasic.com/2021/10/11/30b-daily-moving-on-bitcoin-blockchain/
The Quest for Digital Cash.
https://bitcoinmagazine.com/culture/bitcoin-adam-back-and-digital-cash
Putin Says He Accepts Crypto’s Role in Making Payments.
https://www.bloomberg.com/news/articles/2021-10-14/putin-defends-cryptocurrencies-amid-global-regulation-push
Bakkt crypto exchange partners with Google for payments.
https://cointelegraph.com/news/bakkt-crypto-exchange-partners-with-google-for-payments
Senator Ted Cruz Says Texas Should Use Wasted Natural Gas to Mine BTC.
https://cryptotelegram.com/ted-cruz-says-texas-should-mine-btc/
Digital currencies may reduce dollar reliance, Fed study says.
https://digesttime.com/2021/10/11/digital-currencies-may-reduce-dollar-reliance-fed-study-says/
media
Twitter Spaces/Smart People $hit. Mark Cuban Debates Bitcoiners.
Podcast. The Best Business Show:
The Bitcoin Interview That YouTube Tried To Delete [with PlanB].
Coindesk. GSR USA CEO: Bitcoin Will Be Back at $65K.
Stansberry Research. Gold Is Dead, Bitcoin Officially an Asset Class Says Matt McCall.
tweets
2 new Chivo Facts:
1. People are inserting way more USD (to buy #BTC) than what they are withdrawing from the Chivo ATMs (any media outlet can independently confirm this by visiting the ATMs).
2. Today, we received 24,076 remittances, adding up to $3,069,761.05 (in one day).
Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community. First some thoughts and questions.
As #Bitcoin breaks above $59k, Long-Term Holders have returned to impressive unrealised profits.
The LTH cohort currently holds 70% of the market cap in unrealised gains.
If this metric rallies above 75%, it would start to resemble the 2013 double rally scenario.
Long term holder Supply Shock ratio is now clearly at the highest it's ever been.
These next few months are gonna be wild.
Gaining ground: Bitcoin is back up to around $55k, which is still $10k below its all-time high of $64,870 but marks a significant improvement from the summer lows of $30k. What’s interesting here? (THREAD)
The CCP banning bitcoin mining will be remembered as the greatest geopolitical mistake of the 21st century.
cbeci.org/mining_map
1/
In honor of @druidian destroying CSW today, here are a few of my favorite BitcoinTalk threads from throughout the years:
BREAKING: The U.S. is now #1 in bitcoin mining, beating out China for the first time ever.
One third of the #bitcoin hashrate now sits in US borders. A 428% increase from September 2020.
History has been made. The great migration is complete. Now we fight to keep it here.
If you look through #bitcoin volatility, you see 200 week moving average always going up, and BTC never closing a month below 200WMA. The trend is your friend.
One of my favorite top signals is Market Cap to Thermocap Ratio. It indicates when the price of #Bitcoin has grown too fast relative to sum of miner rewards.
Estimated top is currently $127,000 and only growing.
🚨🐂BULL ALERT!🐂🚨
Question:
What happens when prices closes above a prior ATH monthly close?
Answer: 🚀
1/8 New metric thread: Continuing the creative time with @glassnode's workbench. Today, I came up with a new metric; Realized Price-to-Liveliness Ratio which helps to identify more accurately macro trends and their support and resistance areas.
Bruh it's like 5 lines of code.
Brian Cheung @bcheungz
Over the last month, we have seen $10M+ transactions dominating volume, reaching as high as 84% of overall volume. This is reflective of batching and the presence of institutional capital.