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Transforming virtually free volcano energy into an income stream
Three models I am currently tracking. Next few weeks will be revealing. Models useful for confluence, but secondary to spotting top with indicators whenever it comes.
Here is an OBSERVATION from a different LENS which I don’t hear too much talk about in the space. Is Bitcoin two weeks behind 2017? 2021: ▫️Mid cycle low - 4 days behind ▫️Wave 1 end - 14 days behind ▫️Wave 2 end - ~14 days behind November 26th? ▫️Cycle peak -
Many crypto holders from prior cycles have been cashing out since $30K as they fear a 90% crash. The difference this cycle vs prior cycles is that institutions are buying what they sell, while new retail keeps on coming in relentlessly.
“Is Crypto Bullshit? I regret to inform you that it's totally legit and crypto/blockchain networks really might be technologically, economically, and politically transformative. Ugh. “
When I joined this month, I said the next few years will be the most important in the history of crypto policy, either before or after. Here's proof: the major US banking regulators just finished a crypto "policy sprint" & say 2022 will be a big year. Get ready.
Ian Mair @ISDM27The Fed, OCC and FDIC lay out a crypto regulatory roadmap for 2022: https://t.co/0fJ7Eq1ssm
Traditional media doesn't understand that more than a $1 trillion is already chasing Bitcoin + related investments. Today they call us "enthusiasts" but soon we will be the "institutional investors." Don't underestimate Bitcoin companies and entrepreneurs!
Bloomberg TV @BloombergTVPowering a Bitcoin city with the energy of a volcano: that’s the bet of El Salvador, along with plans to raise about $1B via a “Bitcoin Bond” in partnership with Blockstream. Blockstream CSO Samson Mow joins @CarolineHydeTV for more – live from the Conchagua volcano https://t.co/UR9zpEnY5g
Reporter: “There are worries about relations between El Salvador and the IMF. Does that worry investors that you’re talking to?” : “No. I don’t think organisations like the IMF or the World Bank are relevant in a hyperbitcoinised world.” 🔥 🔥
Transforming virtually free volcano energy into an income stream (6 1/2%) while simultaneously offering huge upside with - with virtually zero downside risk - is the most innovative and game changing development in finance since the discovery of #Bitcoin
1/ Perhaps the biggest supply overhang that provides succor to bears is the MtGox Trustee's pool of bitcoins (about 141,000 BTC) which appears to be getting ready to be distributed. Thread 👇 reuters.com/markets/us/bit…
El Salvador has used to draw a line in the sand for the future of global financial freedom. History will show who was on the right side. This is my favorite image from new print issue.
I’ve accepted an invitation to speak at the Fintech Seminar to discuss , the Lightning Network and the future of cross-border payments. I’ll be presenting from my empty closet, in a hoodie, wearing crocs, with no college degree. The world is changing. #Bitcoin