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Crypto thread

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Posted: #3326

Joe Biden’s tech advisor just disclosed a holding of $1-5 million in Bitcoin.

Bitcoin is his largest investment.

https://www.politico.com/news/2021/06/07/white-house-tech-critic-bitcoin-492093

 
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Posted: #3327

Leveraged long at $31,950 

an_worship

 
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Posted: #3328

MICROSTRATEGY BOOSTS BITCOIN-LINKED JUNK BOND DEAL TO $500M

The guy is an animal 

Probably screaming at lawyers right now to hurry up thinking this is the bottom 

 
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Posted: #3329

China plans to accelerate blockchain development and adoption to become a world leader by 2025.
- South China Morning Post

U.S. INTERNAL REVENUE SERVICE CHIEF RETTIG SAYS CONGRESS SHOULD PROVIDE CLEAR AUTHORITY REQUIRING LARGE CRYPTOCURRENCY TRANSERS BE REPORTED TO IRS

Countries don’t know what the fuck to do with crypto. We can bet that the US will take the wrong approach. 

 
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Posted: #3330

Years ago this shit was never talked about the way it is now. Crypto is now on the main stage. 

Elon, US government, Trump, China, South American countries, Micro Strategy, billionaire hedge fund gurus... everybody is talking about crypto. They either hate it or own it. 

It seems like the world leaders recently figured out how big crypto is going to be and the fudding/selling/scrambling/buying etc started on a different level. 

 
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Posted: #3331

MicroStrategy has received $1.6 billion in orders for their $500 million offering, including interest from a large number of hedge funds

https://www.bloomberg.com/news/articles/2021-06-08/microstrategy-boosts-bitcoin-linked-junk-bond-to-500-million

 
MVP
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Posted: #3332

buy buy buy Mice!an_light

bigFnPOO
 
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Posted: #3333

Quote Originally Posted by I_Need_A_Detox:

Leveraged long at $31,950

closed here at $34,600 

peace_5

 
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Posted: #3334

El Salvador Bitcoin Law Making BTC Legal Tender Passes With Supermajority

https://news.bitcoin.com/el-salvador-bitcoin-law-making-btc-legal-tender-passes-with-supermajority/

 
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Posted: #3335

Quote Originally Posted by I_Need_A_Detox:

Quote Originally Posted by I_Need_A_Detox: Leveraged long at $31,950 closed here at $34,600

With the news above I posted I’m sure BTC will be rallying higher to $36k.

 
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Posted: #3336

Yeah the El Salvador news is pretty good even though they’re an extremely poor country. 

“Taxes can be paid in Bitcoin.” “Exchanges are not subject to capital gains tax”. “Every economic agent must accept Bitcoin payment when offered.”

Should be an interesting test for the lightning network. 

 
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Posted: #3337

JUST IN: Asset management firm with $157B AUM, Victory Capital announces plans to enter the crypto market and will launch private funds for accredited investors

 
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Posted: #3338

Tonga (small island near Fiji) looks to be throwing their hat in the bitcoin arena. 

Panama

El Salvador 

Columbia 

Tonga 

Paraguay 

Looks like it’s starting to happen tbh. 

Iran recently put out news. 

China is shutting down mining facilities. Hash rate is currently plummeting. They dominate bitcoin mining. I think it could be a good thing to get the mining more decentralized anyways but could affect price in the short term. 

 
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Posted: #3339

Overall I think this is the correct narrative to get bitcoin to six figures 

Once this China stuff settles I think the bull run starts up again

US is obviously going to start fighting this narrative because they want USD to be the international currency

Should get interesting  

 
Captain
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Posted: #3340

Wish dogecoin would do something

$50,000,000,000,000.00
 
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Posted: #3341

I don’t like Doge but it could perform well who knows. 

I think we need BTC to show strength and signal that the downtrend is over before we see  alts rally. 

 
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Posted: #3342

Interactive Brokers will offer crypto trading on its platform before the end of the summer 

https://www.google.com/amp/s/www.cnbc.com/amp/2021/06/09/interactive-brokers-will-offer-crypto-trading-by-the-end-of-the-summer.html

 
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Posted: #3343

Lots of South American drug money about to buy bitcoin I’d say.  

Things would have been much easier for Pablo Escobar if he could have a few bitcoin wallets instead of building warehouses to store his cash. 

Bullish peace_5

 
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Posted: #3344

Cash will be gone in a few years. 

It’s always important to remember that. 

I’m not sure how much money is in the global black market but the number must be insanely high. 

 
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Posted: #3345

Yup fiat money will be worth shit in a few yrs and look at BTC it’s now above $36k.

 
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Posted: #3346

I mean actual cash will be gone. Everything will be on credit cards, Apple Pay, etc. 

 
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Posted: #3347

Here’s a well done bullish Ethereum video 

11 minutes 

https://www.youtube.com/watch?v=jo58qEoThSs&feature=youtu.be

 
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Posted: #3348

Quote Originally Posted by I_Need_A_Detox:

I mean actual cash will be gone. Everything will be on credit cards, Apple Pay, etc.

I’m not sure how that would really work, I guess all the cash the people have has to be collected & converted to some sort of new digital currency first, I was just thinking the cash will get devalue big time in a few yrs not disappear like you were saying but I guess what you’re is possible but that might take a long time to happen.

 
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Posted: #3349

Now’s the time to buy crypto if you’ve been on the sidelines imo 

I have a shitload again 

an_bounce

 
 
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Posted: #3350

Our hopes that this market turns around are in the hands of

*checks notes*

the most crime ridden countries where bitcoin is powered by

*checks notes again*

volcanoes

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