NEW: A Bank for International Settlements study of 568 currencies since the mid-1800s finds the typical currency lasts ~33 years.
About 70% of them have already disappeared.
Will the U.S. dollar be next? π
BMTV's @GraceRemiTV and @realseanhagan on how markets took the blue wave post midterm elections:
"Bitcoin with a $4,000 swing since about 9 o'clock Eastern time last night."
"It looks like the markets have had this largely priced in."
NEW: The world's largest crypto exchange Binance experienced a $6.3 billion hack, making it the largest in history. π
A statement was issued saying that user funds are safe and over $3 billion in assets have been frozen.
Anthropic is paying a 10% coupon on $9 billion of junior debt to fund its AI buildout.
Similarly rated borrowers pay around 7%.
BMTV Analyst Sean Hagan: "I don't think they [retail] should feel confident that this is sustainable."
JUST IN: π―π΅ Japan's Metaplanet to buy Super League for 2,100 BTC and $2.5 million π
This will give the 2nd-largest corporate BTC holder a U.S. listed Bitcoin treasury platform! π
$50B AUM Calamos Investments CEO John Koudounis on why his firm is doubling down on Bitcoin:
π The technology is here to stay, and it can't be fought
π It trades 24/7
π It's nonpartisan and open to everyone, whatever their politics
"Bitcoin is clearly the answer."
In an age dominated by technology, in which efficiency and profit often take precedence, it is so important that we continue to cultivate a spirit of contemplation and allow time and space for beauty. Such an attitude will greatly help humanity, especially young people, to discover the ability of art to uplift and reveal the depths of the human spirit and our openness to the divine. Contemplation presents a marvelous opportunity to encounter the God who is Beauty.
In this era of artificial intelligence, it is becoming urgent to distinguish human art from what machines produce. There is an ontological difference, even before an aesthetic one, between art and what a machine can generate through statistical calculation based on millions of images created by others. Algorithms lack the spark of humanity. For this reason, the Church wishes to renew an alliance with artists and cultural institutions to safeguard our humanity.
SO COOL from @DariusDale_42 on Jackie Robinson being the inspiration behind the branding for his company @42Macro βΎοΈ
He dropped wisdom throughout the interview but this was my favorite moment
JUST IN: $1.3 billion iTrustCapital CEO says over 50% of their clients are buying Bitcoin π
"Investors have been allocating over time since that $58,000 low." π
National Cryptocurrency Association's Ali Tager on how Americans are actually using crypto:
π 40% of holders now use it beyond investing
π 40% send money to friends and family with it
π 40% shop with it online and in stores
"The utility and ubiquity of it is becoming too hard to deny."
@realseanhagan and @GraceRemiTV are absolutely crushing it at @watchbmtv.
Fun to go over how the BTC market structure has been changing, why that trend is likely not over, and how that is a good thing with them.