Bitcoin’s volatile swing, adoption, BTC vs Mastercard/VISA, USD purchasing power falling - Ep.75

Fractal Bitcoin

Today’s Bitcoin news!

PRICE UPDATE:

Today Bitcoin jumped up to $71,789 and then dropped to $68,389, and is now hanging around $68,500. Lots of shorts and longs got rekt (see below). Bitcoin seems to be struggling to hold the $69K level; if it does, how high will it go? #HODL

Around 50% of 24-hour short AND long positions were wiped out in the past 4 hours! Meanwhile, HODLers are chilling with their #Bitcoin in cold storage 🔑😎. POST: https://twitter.com/SimplyBitcoinTV/status/1773009950307999951

ADOPTION:

JUST IN: Rumour that Morgan Stanley will approve #Bitcoin ETFs on their platform in the next 2 weeks are getting stronger. Early this month Morgan Stanley filed with the SEC that 12 of their funds may buy Bitcoin ETFs. Morgan Stanley has $1.5 Trillion in assets under management. POST: https://twitter.com/BTC_Archive/status/1772978686133768479

UNDERSTANDING BITCOIN:

Preston Pysh: You can’t understand Bitcoin until you deeply understand the problem it’s solving. POST: https://twitter.com/PrestonPysh/status/1773025760875262093

BITCOIN VS MASTERCARD AND VISA:

Businesses that study #Bitcoin will save a fortune overtime. Why give mastercard or visa a cut when you no longer have to? POST: https://twitter.com/AjayHernandez1/status/1773032500614295914

SEC VS COINBASE:

LATEST‼️ - Coinbase takes a hit in its ongoing legal proceedings with the SEC: "The Court finds that the SEC adequately alleges that Coinbase, through its Staking Program, engaged in the unregistered offer and sale of securities.” POST: https://twitter.com/Swan/status/1773026292893450268

INHERITANCE PLANS:

Jameson Lopp: Today I'm excited to unveil what we've been working on at Casa: user-friendly inheritance for your self custody!

• No KYC
• No geographic restrictions
• No hardware required for (most) designated recipients
• POST: https://primal.net/e/note1hnqh99zw0lqgfhjx8zzjlxv7sy0gp6z5hqn0flcgvexxsfvs60esdgjycc
• WEBSITE: https://casa.io/inheritance

HARDWARE WALLET:

Satdow: Got my Coldcard Q1 today. POST: https://primal.net/e/note1tezdak8xpexcm9jc0nz4saujqxtzrch89r2ms33hrc0vu02p2qwsg0qrtt

FIAT/GOVERNMENT NONSENSE:

The US dollar has lost 25% of its purchasing power since January 2020. Every $1 you had is now worth $0.75 of goods. Insane. POST: https://twitter.com/APompliano/status/1772974125163729090

"Dollar Down 20% Since 2020, Biden Blames Greed”. In Washington, it's always We the People who are the problem 🫡.

• POST: https://twitter.com/profstonge/status/1773021769571393610
• ARTICLE: https://www.zerohedge.com/markets/dollar-down-20-2020-biden-blames-greed

True #Bitcoin Story. POST: https://twitter.com/Vivek4real_/status/1772933960009474174

In the current financial system, your wages rise over time but you lose purchasing power… POST: https://twitter.com/rajatsonifnance/status/1772967345918517251

In case you were thinking of retiring some day, bad news from Janet Yellen: Social Security and Medicare are now underfunded by $175 trillion. That comes to roughly $1.4 million per American household. There are only 3 solutions:

• slash beneficiaries
• massively hike taxes, or
• cut everybody’s benefit to poverty level
• POST: https://twitter.com/profstonge/status/1772962369007767849

The economy isn't real. It's propped up by record debt. They will fake it till they break it. POST: https://twitter.com/balajis/status/1772957093072396654

A ton of Cocoa is now worth more than a ton of Copper. What the heck is going on? 🚨. POST: https://twitter.com/WallStreetSilv/status/1772964287788535842

BOOK:

Rejection Proof — https://www.rejectiontherapy.com/book

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