Bitcoin smashed 24,000 👀
People FINALLY understanding their USD is not safe, it's backed by nothing, and banks are full of shit‼️
NAVAL - There are only two banks:
- The Federal Reserve + branches (centralised)
- Bitcoin (decentralised)
#Bitcoin recovered from the biggest US bank collapse since 2008... in just 3 days. 😎
There was a popular view that you should hold alts during a bull market for outperformance and stablecoins during a bear market for yield.
Thus #Bitcoin was unnecessary…so they said.
This hypothesis was alluring for many in a bull market.
Tail risk is a bitch though… 🤨
gm :) ☕️
If you’re feeling bad, just remember there’s someone out there who lost money on the trifecta: UST, FTX, and USDC.
This is why I’m #Bitcoin only.
It might drawdown, but it will bounce back. Everything else is a gamble.
Dr Jordan Peterson says “Bitcoin looking pretty good.”
He gets it. 🤝
"Fed on the brink of infinite bailout for banks..."
👉#Bitcoin was made for this.
This time we're ready.
NEW: 🇪🇺 Global bank Standard Chartered to offer #Bitcoin custody to institutional clients after registering with Luxembourg regulator.
France and Spain registrations next....
#Bitcoin Daily RSI is the lowest since the FTX collapse, when BTC price hit $15.5K. Big bounce? 🤔
‼️SEC CHAIR GENSLER 🇺🇸
We’ve been clear:
- Most crypto tokens backed by entrepreneurs are likely to be securities.
- Lending and staking platforms come under the securities laws.
- Platforms listing crypto securities must register with the SEC.
‼️ South Dakota governor vetoed bill that would have excluded #Bitcoin and crypto from the definition of "money."
🇺🇸 US unemployment jumps to 3.6%.
🇨🇭The Swiss National Bank made a $141 Billion loss in 2022 –– the largest in the central bank's 115 year history.
Investor Tim Draper is “100% sure” #Bitcoin will hit $250,000 by 2024. 🧐
I’m using it in a limited way atm.
Probably get onto using pics soon. 😅
BREAKING‼️ Judges express scepticism on SEC distinction between #Bitcoin spot and futures pricing - CoinDesk 🤝
“They move together 99.9% of the time” 🧐