Kevin Quinn

[Kevin Quinn @KevinQu_1]

@WatcherGuru False. Ireland is not.

[Watcher.Guru @WatcherGuru]

#Bitcoin Price on Thanksgiving Day 🦃

2010: $0.28
2011: $2.49
2012: $12.51
2013: $813
2014: $376
2015: $328
2016: $739
2017: $8,771
2018: $4,015
2019: $7,150
2020: $18,764
2021: $58,927
2022 $16,353
2023: $37,035

[Documenting ₿itcoin 📄 @DocumentingBTC]

———————————————
Bitcoin Halving Update
———————————————
Progress: 89%
Current Block: 816,957
Halving Block: 840,000
Blocks Remaining: 23,043
Estimated Time Remaining: 160 days
Estimate Date: April, 24, 2024

[MDB @MDBitcoin]

I honestly won't be surprised if #Bitcoin reaches 250k-500k within the first 12 months following #BTC Spot ETF approval.

#Bitcoin's Potential Valuation Based on "Global Wealth" using the "multiplier effect"

Assumptions,

1. Global wealth: $400 trillion
2. Maximum number of Bitcoins: 21 million
3. Percentage of Bitcoins lost: 12%
4. Multiplier effect: 2x (is this a lot or conservative?)

Calculations:

Available #Bitcoin,

To calculate the number of available Bitcoin, we consider the 12% loss rate.

Available Bitcoins = 21 million x 0.88 = 18.48 million Bitcoins

Captured Global Wealth,

The next step is to calculate the amount of global wealth that could potentially be captured by Bitcoin, under various scenarios.

Without Multiplier

For instance, if Bitcoin captures 5% of global wealth:

Captured Global Wealth without Multiplier = $400 trillion x 0.05 = $20 trillion

With Multiplier

The multiplier effect can then be applied to this amount:

Captured Global Wealth with Multiplier = $20 trillion x 2 = $40 trillion

Value of One #Bitcoin

The value of a single Bitcoin can be estimated using the following formula:

Value of One Bitcoin = Captured Global Wealth with Multiplier / Available Bitcoins

Therefore, with the multiplier, if #Bitcoin were to capture:

A conservative 5% of Global Wealth,

One Bitcoin would be approximately = $40 trillion / 18.48 million Bitcoins = $2,167,567

A reasonable 10% of Global Wealth

Captured Global Wealth with Multiplier = ($400 trillion x 0.10) x 2 = $80 trillion

One Bitcoin would be approximately = $80 trillion / 18.48 million Bitcoin = $4,335,135

An outrageous 20% of Global Wealth

Captured Global Wealth with Multiplier = ($400 trillion x 0.20) x 2 = $160 trillion

One Bitcoin would be approximately = $160 trillion / 18.48 million Bitcoins = $8,670,270

This is all speculative and intended solely to understand the multiplier effect.

Most importantly, what is your opinion? could we see similar numbers within a couple of decades?

[The Daily Sit @TheDailySit]

Breaking News:

The iShares Bitcoin Trust has been officially listed on the Depository Trust & Clearing Corporation (DTCC).

The ticker symbol for BlackRock's Bitcoin Spot Exchange-Traded Fund (ETF) has been designated as $IBTC. This marks a significant advancement toward its official launch.

[Frank Chaparro @fintechfrank]

Remember when bitcoin traded flat at like $6500 for like an entire summer in 2018 and then randomly fell 50%

[Kevin Quinn @KevinQu_1]

@naiivememe 😅

[Watcher.Guru @WatcherGuru]

JUST IN: $769 million liquidated from the #crypto market in the past 30 minutes.

[Thomas Fahrer @thomas_fahrer]

Open-space & endless opportunities. #Bitcoin on lightning rails is the digital frontier. I've never been more excited about anything in my life!

[HodlingCarla 🧡⚡ @HodlingCarla]

I couldn’t care less about #bitcoin price predictions. Never have, never will.

I only care about accumulating and using it to escape the fiat system.

[Watcher.Guru @WatcherGuru]

Weekly Recap

1) 🇺🇸 US judge rules Ripple XRP is not a security.

2) 🇺🇸 US inflation falls to 3%, lower than expectations.

3) 🇪🇺 Europe to launch first spot #Bitcoin ETF this month.

4) 🇺🇸 Former SEC Chairman says Spot Bitcoin ETFs should be approved.

5) Coinbase relists Ripple XRP.

6) $9 trillion asset manager BlackRock CEO says crypto will transcend international currencies due to global demand.

7) 🇺🇸 SEC acknowledges BlackRock's Spot Bitcoin ETF application.

8) 🇺🇸 SEC acknowledges Fidelity, VanEck, WidsomTree, and Invesco Spot Bitcoin ETF applications.

9) 🇺🇸 Bank of America ordered to pay $250 million for charging illegal fees and opening credit-card accounts without customer consent.

10) 🇦🇺 Australian Securities Exchange receives its first spot Bitcoin  ETF application.

[Lex @education-b @CHeducationBTC]

Ein Hodler auf Rügen 🧡🧡🧡
Und damit er sich nicht verläuft, wurden die Wegweiser noch etwas angepasst😜.

[CYPHERPUNK @cypherpunkstore]

The highly sought-after first edition of #Bitcoin Trading Cards will be available tomorrow!

Here's what you need to know:
1. Starting price: $300. The price will decrease by $1 for every retweet/quote and $0.25 for every like on this original post.
2. Floor price: $200.
3. Release time: July 14, 11am PST. Only 3 packs will be available.

Don't forget to follow us and turn on notifications!

#Cypherpunk @btc_cards

[Brad Garlinghouse @bgarlinghouse]

The most important part of this ruling:

“XRP, as a digital token, is not in and of itself a “contract, transaction[,] or scheme” that embodies the Howey requirements of an investment contract.”

This is a now a matter of law (not up for trial.)

[CoinGecko @coingecko]

#Bitcoin has hit a new 2023 high of $31,686 today.

What are your price predictions by the end of July?

[Rager @Rager]

I disagree with the $BTC chart idea below

The "$24k, then up" sentiment seems to be quite popular

I think people are overthinking it

Similar was said about Bitcoin needing to sweep $20k first

IMO, pullbacks won't be this deep now and if we manage to see $25k again it won't be until later on in the year after more upside before so

Only an ETF denial can cause pain but I think BlackRock gets approved this time

[Satoshigallery @satoshigallery]

Craving for a cool book for kids about #bitcoin?

We made it!

Available in different languages

HARDCOVER
EN: https://t.co/LTk1bdIuTm
IT: https://t.co/5CJnq6Vivi
ES: https://t.co/kw7FtNVCBD

[Thomas Fahrer @thomas_fahrer]

Do you ever wonder why they print money?
- To keep the economy running?
Money printing gets you high.
In a crisis, they flood the market with currency, making you feel rich.
Suddenly, you become euphoric, docile, as if the problems are solved. You accept their control.

[Bitcoin News @BitcoinNewsCom]

Mining #Bitcoin with used cooking oil in 🇬🇹 Guatemala 👀 🙌