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Snow Drift
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Bitcoin Pleb

Clearly remember “December 17” when we were all still euphoric from the 20x move & hotly anticipating the #btc  futures launch. We were convinced it would 🚀 this bitch into the stratosphere!! Only to dump 80% of our net worth over the next few days😂.

2024🔥 LFG

1: Spot ETF’s launching unlocking a torrent of capital to access #bitcoin

2. Companies like @MicroStrategy & ( @Tether_to that just added another 8800 btc to their reserve) will continue this investment direction

3. #BTC  halving in April will reduce the block reward from 6.25 to 3.125 producing a supply demand shock

4. US election cycle coinciding with Fed pivot reducing interest rates & recommencing QE will continue to devalue the $ and force people to search out hard assets to store their wealth.

5 FASB: On December 13, the FASB issued guidance requiring all entities holding bitcoin assets that meet certain requirements to subsequently measure those in-scope bitcoin assets at fair value, with the remeasurement recorded in net income. The new standard requires separate presentation of in-scope bitcoin assets from other intangible assets on the balance sheet. Remeasurement of those bitcoin assets is also required to be recorded separately from amortization or impairment of other intangible assets in the income statement. Additional disclosures are required, including significant bitcoin asset holdings as well as a reconciliation of the beginning and ending balances of bitcoin assets.

Careful out there peeps👍🏼

With all the excitement surrounding #bitcoin it’s important to remember family, health & mental health should always come first. No use having the biggest stack in the graveyard, remember to touch grass & live😎

The constant stonewalling by @SECGov on US spot #bitcoin  #ETFs couldn’t have been a better launch pad. They have generated so much hype through delay & inaction that anything could happen upon approval

Every #bitcoin  halving I’ve experienced

“has been priced in”

until the price rips in the 6 months following & everybody admits they were wrong, why am I hearing this stupidity again 😂

Just booked tickets, flights & accomodation, can’t wait😃 #Bali #bitcoin

“ #bitcoin  will be the scarcest monetary commodity ever used by humankind when the next #Halving occurs & that is significant”

- @CaitlinLong_

I’m all for Nostr, but the UX isn’t here yet, early days but it needs a lot of work to appeal to the masses (just my 2 Sats)🤷🏻‍♂️