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"Given a 10% chance of a 100 times payoff, you should take that bet every time." — Jeff Bezos
Today, I had a good discussion with @MorganLBrennan & @GuyAdami about the maturation of #Bitcoin as an asset class, the acceleration of #BTC adoption by institutions, & the advantages corporations are gaining as they join the #Bitcoin monetary network.
#Bitcoin down 20% from the highs and @MicroStrategy CEO @michael_saylor is buying the dip. He says the cryptocurrency could replace gold, bonds, the S&P 500 and even the Dow as the primary monetary index $MSTR $SPY
A more detailed explanation of the whole "A double-spend broke Bitcoin" FUD that was circulated by an irresponsible publication. 1/
BREAKING: Grayscale buys 16,244 BTC worth $590M over the past 24 hours, which equates to 18X of the daily Bitcoin mined. Their total #Bitcoin AUM now sits at $22.9 billion
Yes tether bullshit is the stuff that MSM could spin into 'bitcoin dies'-stories, that causes weak hands to sell. But people with a brain know that tether has no material impact on bitcoin. Grayscale, Cashapp, Paypal, UHNWI's, hedge funds don't use tether to buy BTC. Tether is BS
Bitcoin's wall of worry is the log growth curve. Back on the 0.23 level [measuring base to peaks]. 23% retracement in real terms along the lines of previous cycles. Notice how the cycles are lengthening. New ATHs looking likely next year. The log curve itself is the buy zone
![davthewave's tweet image. Bitcoin's wall of worry is the log growth curve.
Back on the 0.23 level [measuring base to peaks]. 23% retracement in real terms along the lines of previous cycles. Notice how the cycles are lengthening.
New ATHs looking likely next year.
The log curve itself is the buy zone](https://pbs.twimg.com/media/ETVeulVUUAAD-0B.png)
Social trading transforms the isolated art of #trading into a collaborative and community-driven activity. What better way to curate #cryptocurrency #market sentiments than Peer-2-Peer? Aluna. Trade, Network, Automate.
Seldom does anything grab my attention. But ......... Wow. ....... Just wow.
Everyone Relax! The Crypto dip was caused by Mike Bell of JP Morgan claiming Governments could ban cryptocurrencies. Well ... how? This is the same company that called BTC a fraud. It's a bank FFS. They are rightfully terrified of what we are doing. But it can't be stopped.
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