Ethereum Bitcoin News

2023-09-25 15:30:13 MicroStrategy buys another 5,445 bitcoin  for $147.3 million

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2023-09-25 13:18:03 RIP to whoever lent the EU money for 30 years at a -0.5% annual return

Your options: Sell now at a ~64% loss, or watch Christine Lagarde charge you .5% per year for the privilege of eroding your purchasing power via inflation.

Sovereign debt bag holders rekt.

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2023-09-22 17:49:28 Here’s where it gets crazy.  Let’s say that the 2024 Bitcoin halving catalyzes a 2024-25 bull market, as I continue to expect will happen.  If the price soars to ~$150k/Bitcoin (which I think is very possible), that would mean a ~6x in the value of MicroStrategy’s Bitcoin holdings.

With the new accounting standards, MicroStrategy would mark-up the value of their holdings accordingly each quarter.  With ~$4B in Bitcoin holdings today, this could mean recording an average mark-up of $4B for five quarters in a row.

Depending on the timing of the bull market, this could mean MicroStrategy reporting an outrageous string of quarterly profits.  MicroStrategy has a ~$5B market cap today.  In this scenario, they could deliver ~8 quarters in a row of profits in the billions.

There’s no way around it, that becomes a big story.  The financial media loves a splashy narrative, and MicroStrategy’s winning ways would be a magnet for attention.  Everyone loves a winner, and everyone wants to copy winners.

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2023-09-20 17:01:23 Advertising: t.me/Cryptochrizz Buka / Bagaimana

2023-09-18 15:02:55 JUST IN: Personal interest payments in the US hit a record $506 BILLION in July.

During the first 7 months of 2023, Americans paid a total of $3.3 TRILLION in personal interest.

This is up a staggering 80% since 2021 and nearly above the entire 2022 total.

The worst part?

These numbers do NOT include interest on mortgage payments.

Americans are drowning in interest.

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2023-09-18 15:00:18 Nearing an ATH in Long-Term Holder Supply!

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2023-09-18 00:36:52 How Gensler/SEC will try to save face:

- approve the biggest/best known ETF applicants at the same time as GBTC
- claim that when spot ETFs were rejected the market was less mature, easier to manipulate
- BS everyone claiming that the futures ETFs helped regulate the market

He/they will then point to the Bitcoin ETFs as proof the SEC are not 'anti crypto' just anti unregulated securities

Also "by granting the Blackrock/Fidelity/other ETFs we increase the regulated trading volumes enough to protect consumers"

Don't expect any contrition or apology.

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2023-09-14 18:57:01 The incumbent political class has no idea how to manage a downturn with rising rates, it's a completely foreign concept.

Interest expense as a % of tax receipts are at 25 year highs, deficits as a % of GDP are at recessionary levels, and a downturn hasn't even hit yet...

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2023-09-14 18:55:37 BREAKING: $1.4 trillion giant Deutsche Bank to hold Bitcoin and crypto for institutional clients - Reuters

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2023-09-12 17:05:22 BREAKING $1.5 Trillion Asset Manager Franklin Templeton has filed for a spot Bitcoin ETF.

BlackRock, Fidelity, Franklin Templeton...

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