issue 74 - week of 03-13-22
curating the good stuff for the casual bitcoin enthusiast each week
news
Will Bitcoin's Price Hit $100,000? Apple's Wozniak Thinks So.
https://www.thestreet.com/investing/apples-wozniak-says-bitcoin-to-hit-100000
Bitcoin Price Surges on Biden’s Crypto Executive Order.
https://www.wsj.com/articles/biden-to-order-study-of-cryptocurrency-risk-creation-of-u-s-digital-currency-11646823600
FACT SHEET: President Biden to Sign Executive Order on Ensuring Responsible Development of Digital Assets.
https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/
Goldman Sachs Explores Offering New Options for Cryptocurrencies.
https://www.bloomberg.com/news/articles/2022-03-09/goldman-sachs-explores-offering-new-options-for-cryptocurrencies
Jack Dorsey’s Bitcoin Hardware Wallet Will Use Fingerprint Authentication.
https://bitcoinmagazine.com/business/dorsey-bitcoin-wallet-will-have-fingerprint-sensor
Stripe, FTX Partner For Bitcoin Business Payments.
https://www.nasdaq.com/articles/stripe-ftx-partner-for-bitcoin-business-payments
El Salvador says Ukraine is factor in bitcoin-backed bond timing.
https://www.reuters.com/technology/el-salvador-says-could-launch-bitcoin-sovereign-bond-between-march-15-20-2022-03-11/
Bitcoin-Friendly Senator Reveals Details of Crypto Regulation Bill.
https://pymnts.com/cryptocurrency/2022/bitcoin-friendly-senator-reveals-details-of-crypto-regulation-bill
Credit Suisse: Bretton Woods III.
https://plus2.credit-suisse.com/shorturlpdf.html?v=4ZR9-WTBd-V
Bitcoin and U.S. National Security.
https://global-uploads.webflow.com/61d2416d1d63f07ecbfd010c/6227990b73b93e046dc55e2e_Bitcoin%20and%20U.S.%20National%20Security.pdf
Meet the ‘King of Bitcoin Mining’—an ex-landscaper who is building crypto’s promised land in Texas.
https://fortune.com/2022/03/08/crypto-bitcoin-mining-texas-whinstone-riot-chad-harris/
media
Podcast. What Bitcoin Did: The Future of Bitcoin Banking with Bill Barhydt.
Podcast. Coin Stories: On the Brink of A Deflationary Bust? What about Bitcoin? Macroeconomist Henrik Zeberg weighs in.
tweets
I reproduced @_Checkmatey_'s Terminal Price (TP) chart on Glassnode as it's been a good indicator of when #BTC will top. With TP & Balanced Price, I added a mid-point price line (MP) & TP Oscillator (TPO).
TLDR:
1. BTC is still in bull phase
2. Peak price: ~$112K-$140K @ 3/11/22
This seems way too perfect! 👀
#bitcoin is currently in a classic accumulation pattern as investors realise #btc is the hedge of all hedges.
As in the liveliness model pinned tweet, middle of year we may see accumulation end and supply shock kick in...
ATHs in 2022 ✍️
1/8 Bad news for #bitcoin & #cryptocurrency in the EU 🚨
The POW-ban has basically made its way back into the draft of the European Parliament that will be voted on in the committee on Monday.
I just read the latest draft. A quick update 👇
@balajis @_pgauthier @BrianBrooksUS
My Takeaways from Biden's EO:
-The "govts will ban it" era is dead
-The US govt gets it/is asking the right questions
-They view Bitcoin/crypto as both an opportunity and a threat to financial dominance
-CBDC is govts response to unmet needs that Bitcoin already solves for
A quick comparison of #Bitcoin and Central Bank Digital Currencies:
1. Bitcoin is DECENTRALIZED, the first C in CBDCs stands for CENTRAL.
2. Bitcoin has no banks. The B in CBDCs stands for BANK.
👇
White House Exec Order and U.S. Government Strategy for Digital Assets -- a thread with thoughts; TLDR = this is a watershed moment for crypto, digital assets, and Web 3, akin to the 1996/1997 whole of government wakeup to the commercial internet. (1/7)
#BTC BULLISH.
False breakout of the Bull zone support, supported by the stronger 888Velvet's superior support.