It wasn't just news about ETFs and institutional entry that caused the #bitcoin pump last week.
Since May we have seen an increase in global liquidity, tech stocks felt first, BTC needed a trigger.
Price is a consequence of several factors.
The state of discourse
nostr:npub1n4a0d9rtxg9nhf456wrdu2ev70u2c5haed3lxdpar2pky6f68njsn90w7h purchased:
10 Comfrey Roots 🫚
5 of each variety ✅
10 Egyptian Walking Onion Seed 🧅
loved #weedstr
An increasing number of young women identify as liberal, especially when compared to young men.
Test...
lnbc725320n1pjf5rwxpp5tz4hx4g49xse6wfd4znvym69w97f0z5pqpvk6vgvt8gyfdnycmxsdz2gf5hgun9ve5kcmpqxfjrwdfnvsckytfkvvmrjtf5v5cn2tfexcmkztf58q6njdtrvfjrxer9vgcqzx7xqrp9ssp5k00hfkev8gtkt4jtlxmwutq5v87cgr9g6ew72clndmlh8dnnd4hs9qyyssq66hvfmsy5qnj3qzkwpsp5qk3ggtkgv6spn7dqs9uvskx42sgafwp47njzx88z7k2z8gvlx0gxw4m2u8avlksxj0wcqsgx845hsmygycpdls2sa
Joe Biden: “pay your fair share”
#BTC : "Own your fair share"
https://nostr.build/av/339375af24ea84abe989d0b3e8c6e3d5b89dee684b268ee7b07d2851cf0ca07a.mp4
0.01 #bitcoin will make you a millionaire in today’s dollar terms.
6.15 BTC is the goal 😜
JUST IN: Apple is removing Nostr social media platform, Damus, for enabling #Bitcoin tips on their app 👀😮
Listen to a U.S. Senator explain #bitcoin
https://nostr.build/av/77cbca892f06ba551a1531987d056bc364baac88dc199a7c405ad0ae22dfda20.mp4
Hopefully it was good coffee 😅
#Turkey Lira hit another All-Time Low as Turkey unwinds FX support mechanism. Lira now down 28% YTD vs Dollar, 2nd worst currency in the world after Argentine Peso which plunged 30% YTD. Turkey FinMin Simsek needs some good news - NATO deal on Swedish NATO membership at the summit on July 11-12, or new Gulf money, Tim Ash from RBC Global Asset Management says. Simsek was in the UAE last week and relations seem to be massively improved of late
German business outlook plummets as shadow of longer & deeper recession lingers. Ifo institute expectations fall much more than forecast. Economy is nearing ‘turbulent waters,’ Ifo’s chief says. (via BBG)
Ifo German business climate index falls more sharply than expected to 88.5 vs 90.7 expected. The outlook component in particular plunged to 83.6 in June from 88.3 in May vs 88.1 expected and the lowest level since 2022.
#Germany is the sick man of Europe, yet again, for the 3rd time since reunification. The German economy is the only one among the big ones that is below the pre-Corona level. Even #Spain has now passed Germany.
JUST IN: 🇩🇪 Germany is signaling that their Central Bank may need a bailout to cover losses arising from the European Central Bank’s bond-buying scheme.
Looks like the check is coming due for the 2.7 TRILLION Euros worth of bonds the ECB has purchased since 2015 👀😱
If you could have a conversation with a historical figure, who would it be? What would you want to discuss?
This is Bitcoin's Schrödinger Model module from Nakamoto Portfolio, which analyzes #bitcoin's ability to absorb the monetary premium of various assets, used as a store of value.