Daily Top 10 Tweets
Stan Druckenmiller: 5 years ago I said crypto was a solution in search of a problem
So many top signals in crypto at the moment. Not particularly worried, but definitely paying attention.
eBay has confirmed NFTs will go live on the platform, making them the first e-commerce company to move into this market.
We are witnessing the monetization of a new monetary good, , in real time and we are *learning* how that process happens. It is a historic moment.
The Bitcoin bull market after halving two (2016) and halving three (2020). Not the same, but similar.
NEW: is sponsoring an amendment to add distributed ledger technology to the Endless Frontier Act, a bipartisan bill that would create a new science and technology directorate for the U.S. government. reports
One of my favorite Wall St arguments against Bitcoin: “No Good Reason To Own BTC Unless You See Prices Going Up” Why else would one own an asset - unless believed price would go up? Staying long blockchain until negative stuff stops being written. More panteracapital.com/blockchain-let…
The finance industry is taking crypto mainstream by building into their insurance, banking, & investment products. says 46 million Americans now own Bitcoin.
*SEC CALLS BITCOIN `A HIGHLY SPECULATIVE INVESTMENT' *SEC WARNS OF VOLATILITY, LACK OF REGULATION IN BITCOIN MARKET full letter from the Division of Investment Management:
Stan Druckenmiller, "5 years ago I said crypto was a solution in search of a problem," "Well now the problem has been clearly identified. It's Jerome Powell and the rest of the world's central bankers. There's a lack of trust."
CNBC Squawk Box Tweet Storm
"It's going to be very hard to unseat as a store of value asset," says Stanley Druckenmiller . "Yahoo invented the search engine ... We all know what happened with Google versus Yahoo."
"What I have a problem with is the Fed is expected to do $2.5T of QE after vaccine confirmation, and after retail sales reached trend and were above trend," says Stan Druckenmiller. "We are still acting like we are in a black hole and in fact the economy is accelerating."
"The Fed will have to monetize it. I believe it will have horrible implications for the dollar ... it's more likely than not within 15 years we lose reserve currency status," says legendary investor Stanley Druckenmiller.
1/3 Follow-up on the consolidation phase: if we draw a line from the start of each cycle (previous ATH) through the low of the consolidation phase (light blue circle) we see that for each cycle this has shown to be a fairly good support level.
2/3 I am not very keen on short-term predictions but if history is an indication of the future this support line might take us to a new ATH latest by the end of May and we're not coming back to these price levels ever again.
3/3 Note: if we get a lower low (unlikely imo) the support line would have to adjust. Follow-up of: (why we don't see these price levels again)
Root 🥕🟩 @therationalrootA consolidation phase comparison of #Bitcoin cycles: We’ve been quite some time in this consolidation band around 60k, a maximum next bear’s low? Reason to stack harder. https://t.co/4q7L5piClf
A consolidation phase comparison of cycles: We’ve been quite some time in this consolidation band around 60k, a maximum next bear’s low? Reason to stack harder.
spent a lot of time with a gold prospector this weekend. learned about the tradeoffs in verifying gold. TLDR for good delivery bars it's basically impossible (without a full melt + assay). turns out my assumptions were way too generous. fascinating