Top 10 Tweets - MicroStrategy raises $650M for bitcoin
|Dec 12, 2020|
For to equal golds market cap, a single #Bitcoin has to be worth $500,000.00. That’s 27.2x the current price of ~$18345.00. Think how cheap #Bitcoin really is? And realize Bitcoin is so much bigger than golds market cap. It is shocking how early we are.
The size of the global custody system is $23 trn That will accrue to bitcoin and more likely maybe ETH.
The settlements layer is over $4 QUADRILLIAN per annum Probably BTC and ETH and other blockchains, including private ones.
The derivatives layer is another $1.2 QUADRILLION Feels more like ETH than BTC as the dominant player.
Total equities traded per annum globally is around $70 trillion. Tokens are more likely ETH and other protocols
Total global debt market is $260trn. Non-gov debt is likely ETH. This doesn’t include total lending market which would double this...
Weekend reading time! Get up to speed on recent happenings with the 0x Tracker Ecosystem Update for November 2020 🦃📈 🌐 Network Insights 🤝 Trading Trends 🗺 Ecosystem News 👉 0xtracker.com/news-and-updat…
1/ Q: What has 126 slides based on 89M code commits across 270k repositories? A: The 2020 Crypto Developer Report! A herculean effort by , data infra built by and . The full report: medium.com/electric-capit… Some highlights below👇⚡️
Corporations buying , like , , is the biggest BTC news in the last 12 months because its got companies copying the strategy, is massively scalable and totally unexpected. .
MicroStrategy is not an investment company (IC) per the 1940 Investment Co. Act. An IC is a co. that invests ≥ 40% of assets (less cash & govt securities) in “securities”. Per the SEC, isn’t a security. Ergo, holding BTC doesn’t cause MicroStrategy to become an IC.