issue 83 - week of 05-15-22
curating the good stuff for the casual bitcoin enthusiast each week
news
El Salvador buys the bitcoin dip, adding 500 coins to its balance sheet.
https://www.cnbc.com/2022/05/09/el-salvador-buys-500-bitcoin-as-crypto-market-sell-off-continues.html
Townsquare Media Purchased $5 Million in Bitcoin During Q1 2022.
https://cryptopotato.com/townsquare-media-purchased-5-million-in-bitcoin-during-q1-2022/
FASB to Review Accounting Rules for Digital Assets Held on Balance Sheets: Report.
https://www.coindesk.com/policy/2022/05/11/fasb-to-review-accounting-rules-for-digital-assets-held-on-balance-sheets-report/
Used Car Exporter SBI Motor Japan Now Accepts Bitcoin
https://bitcoinmagazine.com/business/used-car-exporter-sbi-motor-japan-now-accepts-bitcoin
House purchased with Bitcoin for the first time in Kentucky’s largest city.
https://finbold.com/house-purchased-with-bitcoin-for-the-first-time-in-kentuckys-largest-city/
Jack Henry and NYDIG to Offer Bitcoin Services to Financial Institutions.
https://www.prnewswire.com/news-releases/jack-henry-and-nydig-to-offer-bitcoin-services-to-financial-institutions-301543605.html
First crypto ETFs launch in Australia.
https://www.ft.com/content/536c4e3f-bb25-4137-884e-5a7273b02865
Dubai airline Emirates embraces digital currencies and metaverse to attract new customers.
https://www.arabnews.com/node/2079876/business-economy
Germany Affirms Crypto Sold After One Year Is Tax-free.
https://blockworks.co/germany-affirms-crypto-sold-after-one-year-is-tax-free/
The Sky Is Not Falling: Why The Bitcoin Price Doesn't Matter.
https://www.zerohedge.com/crypto/sky-not-falling-why-bitcoin-price-doesnt-matter
Only the Strong Survive.
https://www.uncerto.com/only-the-strong-survive
media
Podcast. Lex Fridman: Bitcoin, Anarchy, and Austrian Economics.
CNBC. I haven't sold any Bitcoin, says legendary investor Bill Miller.
Podcast. The Investor’s Podcast. Bitcoin Solves the Time Stamping Problem w/ Gigi.
Conference. MIT Bitcoin Expo - A Conversation With Michael Saylor.
tweets
MASSIVE ₿REAKING: The State of Louisiana has unanimously passed a bill in the lower house to allow Banks to custody #Bitcoin and digital assets.
Experienced #Bitcoin investors are not panicking.
65.1% of #BTC are held by experienced, 1+ year holders.
#Bitcoin The Ergodic Theory of Cycles.
Each Cycle starts after a Macro Bull Divergence of the 2W SMI Ergodic Oscillator, when it crosses the 0.
Big Corrections starts when the Oscillator goes below -0.15.
According to this model, the 4th cycle begins in S2 2022.
#BTC #Crypto
🧵 This may be the most important threat that I ever make. Big picture stuff.
I’ll try to help you understand why the future is not what we’re hoping for. A major global collapse is coming. It may be worse than we can imagine.
Our leaders know.
But what are they planning?
Another day has passed and the Bitfinexors are still loading up as if someone has a gun to their head.
$BTC
Here’s why I think #Bitcoin might have bottomed.
1/2
In its bear market history #Bitcoin has never retraced back to the previous cycle ATH .
Each time, #Bitcoin has retraced 89% of the distance from its previous cycle ATH to its ATH.
2/2👇
NEW: We feel "encouraged" following a "productive meeting" with the SEC about our #Bitcoin ETF - Grayscale spokesperson 👀
#Bitcoin Every time the 2W RSI reached 40.5, #BTC was on a BOTTOM ZONE, and a BULL RUN happened in the following months.
2W RSI just hit 40.5.
Conclude.
#Crypto
#Bitcoin self-custody tips...
BIP39 seed phrases are made with words from the BIP-39 word list. There are 2048 of them, and each is mapped to a number (between 0 and 2047 inclusive).
So if you toss a coin and get 11 heads in a row, you'd record that down as 00000000000. This...
New disclosure in today's $COIN (Coinbase) 10-Q: 👀
"In the event of a bankruptcy.....customers could be treated as our general unsecured creditors." 🚩🚩🚩
🚨Get your #Bitcoin off exchanges.🚨
#BitcoinMining is extremely flexible and can go anywhere in the world to soak up stranded energy sources or help bootstrap new renewable energy projects.
@adam3us explains how #Bitcoin can help remedy the problems caused by ESG closures of nuclear power.
MicroStrategy has a $205M term loan and needs to maintain $410M as collateral. $MSTR has 115,109 BTC that it can pledge. If the price of #BTC falls below $3,562 the company could post some other collateral. See slides 11-12 in Q1 2022 presentation. #HODL