Daily Top 10 Tweets
Bitcoin represents a life raft to those drowning in the currency flood.
The bitcoin price is volatile, like the top of a tree in the wind. But the bitcoin network is the most stable monetary system in the world, like the deep unseen roots of a tree.
$64K: “Bitcoin is too expensive. I'll wait for a dip" $43K: “Bitcoin is dead. I'll buy some later" Every single cycle🤦♂️
. founder and CEO has proposed creating a legal defense fund for Bitcoin developers facing “increased litigation” and “threats” that some don’t have the resources to fight. reports.
Are you feeling 🐂? The # of bullish social posts across crypto has rapidly hit the highest point since Nov 9. This looks at ALL social posts and evaluates them using AI/ML to understand sentiment. Total 24-hour bullish posts: 1,119,874 🚀 lnr.app/s/we3g6A 🚫🐻
In this week's show, said of crypto legislation: "There's been some great ideas -- the Token Taxonomy Act, the Digital Commodity Exchange Act, you know, every single bill that Tom Emmer has introduced." Here's a new one he's introducing -- to prohibit a CBDC: 👀
Tom Emmer @RepTomEmmerToday, I introduced a bill prohibiting the Fed from issuing a central bank digital currency directly to individuals. Here’s why it matters: https://t.co/S7pQ5rVc6n
Door # 1 - Deflationary spiral (As central banks tighten) Door #2 - Inflationary spiral (As Central banks provide massive liquidity) Be careful out there. When everything is connected to a small number people manipulating money, things can change quickly.
U.S. inflation in 2021 was the highest since 1982, with December consumer prices up 7% from a year earlier
The 7.0% increase in US consumer prices over the last year is the highest rate of inflation we've seen since 1982. Core CPI (excludes food/energy) of 5.5% is the highest since 1991. Charting via
Price increases over last year (CPI report)... Gasoline: +49.6% Used Cars: +37.3% Gas Utilities: +24.1% Meats/Fish/Eggs: +12.5% New Cars: +11.8% Overall CPI: +7% Food at home: +6.5% Electricity: +6.3% Food away from home: +6.0% Apparel: +5.8% Transportation: +4.2% Shelter: +4.1%
Current inflation was last this high around 40 years ago, but prices were falling in the early ’80s as the Fed pushed the economy into a recession