news
Blackrock's CIO: Bitcoin and Crypto Are Durable Assets — Prices Will Move Higher.
https://news.bitcoin.com/blackrocks-cio-bitcoin-and-crypto-are-durable-assets-prices-will-move-higher/
How Brand Hive Minds Thrive: Understanding Bitcoin’s Resilience.
https://cryptoeconomicsystems.pubpub.org/pub/humayun-bitcoin-brand-resilience/release/2
MicroStrategy's Unrelenting Bitcoin Bet.
https://www.bloomberg.com/news/videos/2022-06-17/microstrategy-s-unrelenting-bitcoin-bet-video
SEC Commissioner: The Regulatory Agency Should "Stop Denying" Spot Bitcoin ETF.
https://www.zerohedge.com/crypto/sec-commissioner-regulatory-agency-should-stop-denying-spot-bitcoin-etfs
Russia seems to be preparing to mine Bitcoin with flare gas.
https://cointelegraph.com/news/russia-seems-to-be-preparing-to-mine-bitcoin-with-flare-gas
Japan’s Largest Bitcoin Lightning Community Partners With Top Tokyo Real Estate Firm.
https://www.nasdaq.com/articles/japans-largest-bitcoin-lightning-community-partners-with-top-tokyo-real-estate-firm
The Great Celsius Implosion: What Went Wrong And How Much More Will Bitcoin Drop.
https://www.zerohedge.com/markets/great-celsius-implosion-what-went-wrong-and-how-much-more-will-bitcoin-drop
Further downside is expected, but multiple data points suggest Bitcoin is undervalued.
https://cointelegraph.com/news/further-downside-is-expected-but-multiple-data-points-suggest-bitcoin-is-undervalued
The Renewable Grid Needs Bitcoin.
https://batcoinz.com/the-renewable-energy-cannot-happen-without-bitcoin-mining%ef%bf%bc/
media
Podcast. What Bitcoin Did: Bitcoin is a Black Hole with Harry Sudock.
Podcast. The Investor’s Podcast: The Senator Lummis & Gillibrand Digital Asset Bill w/ Jason Brett & Tyler Lindholm.
CNBC. Anthony Scaramucci explains why he bought more bitcoin and ethereum.
Podcast. Northman Trader: Navigating the Storm - Michael Saylor - Sven Henrich - Bitcoin.
tweets
To put things into perspective: A #Bitcoin crash of 74% as at present is nothing unusual. In history, there have already been 4 collapses in which the leading cryptocurrency went from peak to trough by >80%.
A HUGE #BITCOIN BULL RUN WILL START.
The 2D Stochastic indicator, length 200, is categorical.
#BTC #Crypto
Bitcoin dominance misleading bc USD on blockchain marketcap pretty stable while rest of market falls.
Taking exchange coins and USD coins out, Bitcoin dominance now 55%.
#BTC is down -21% below the 200-MA right now
Historically, $BTC tends to wick -14% to -28% below the 200-MA
#Crypto #Bitcoin
to add spice, there is this mysterious whale who timed the bottom in 2018 and 2021 and was buying exact same amount 9873 BTC back then...
"Bitcoin’s price sits at the lower bound of its production cost for the first time since the March 2020 liquidity crisis as well. The idea here is that Bitcoin should at minimum be worth the cost of energy to produce it." - @WClementeIII
BREAKING: 14 members of Congress send letter to the EPA, informing them of the beneficial environmental and financial impacts of #Bitcoin Proof-of-Work mining.
Bitcoin has had downdraws >80% six times in the past.
Bitcoin's volatility is also in decline over the last 10 years.
For those concerned, there is nothing unusually about the current market volatility.
The #Bitcoin Golden Rule :
Every time the daily RSI 1000 is at 50, a Bull Run has followed.
(The daily RSI 1000 is now at 50.)
🧵#Bitcoin capitalization models and bear market bottom
1. Bitcoin's price has dropped rapidly towards the $20K region in the past few weeks and the main question on everyone's mind is were would the bottom likely form.
Analyzing the past cycles could give us some clues.
👇🏼
Today @GaryGensler discussed #Crypto regulation with @WSJ. Relevant comments from 7:45 to 18:15 in this video. Other than #Bitcoin, most cryptos (especially PoS networks) represent unregistered securities lacking the full & fair disclosures necessary to protect investors.
The Wall Street Journal @WSJ
Is BTC cheaper than it looks? If we consider a simple “P/E” metric for BTC to be the price/network ratio, then that ratio is back to 2017 and 2013 levels, even though BTC itself is only back to late 2020 levels. Valuation often is more important than price. /THREAD
$BTC #Bitcoin
Bitcoin Logarithmic Growth Curves
-For the second time in history, $BTC reaches the level in the oscillator that we have only seen in the Covid Crash.
-The current price range for Bitcoin = Opportunity of a lifetime imo
Had several request from people if this is the time to deploy capital — this is the chart I used. #Bitcoin
Update: #Bitcoin has now entered the area of maximum opportunity according to the last decade of history.
Josh @CryptoWorldJosh