2025 grad - 4.0 gpa. 6 ft 6 in, 215 lbs. #uncommitted out of Peachtree Ridge HS in Suwanee, GA. Smooth athlete with pop to all fields. Corner infield. 1st team All-Region 7A as a sophomore. Having another great season as a junior. Big future ahead for him!
#Bitcoin has risen by 92% in 2023 so far, but the setup for 2024 appears massive. I see five major catalysts:
1. The supply halving: The next Bitcoin supply halving is expected around April 2024. When the halving occurs, new coin issuance will drop from 900 per day to only 450. These new coins are issued to BTC miners who need to sell them to fund their operations. When the new supply issuance is cut in half in April, this selling pressure will be halved, significantly improving the supply/demand dynamics of Bitcoin overall.
2. Approval of spot #Bitcoin ETFs: BlackRock, Fidelity, Franklin Templeton, and Invesco alone manage a total of $16 trillion in assets. The SEC's approval of their Bitcoin ETFs appears imminent and will potentially unlock trillions of dollars to drive up the price of Bitcoin in 2024.
3. Fair value accounting rules for Bitcoin on corporate balance sheets: Companies in the S&P 500 alone hold $2.6 trillion in cash, which is like a melting ice cube on their balance sheets. This year, the Financial Accounting Standards Board (FASB) unanimously voted in favor of revising the corporate accounting rules, which are currently unfavorable for crypto assets. The current accounting rules treat Bitcoin as an indefinite intangible asset, making corporate financials with Bitcoin on the books look bad optically. When the accounting rules change, holding Bitcoin will become more appealing for corporations.
4. Fed pausing interest rate hikes and resuming QE: Interest rates are currently too high. The Fed is likely done with interest rate hikes and may be forced to lower them in 2024. When the Fed reverses course and lowers rates, it will become apparent to most people that the Fed isn't truly in control, potentially leading to a loss of credibility in commercial banking. This breach of trust with the public may naturally lead them to seek a stable alternative like #Bitcoin.
5. Muted 2020/2021 bull market: Markets often move contrary to people's expectations. Many Bitcoin bulls, including myself, anticipated Bitcoin surpassing $300k in 2020/2021, but it only reached $69k during the last bull cycle. This weaker bull market was influenced mainly by the FTX collapse, China's ban, and Fed interest rate hikes. As the previous bull market was relatively subdued, market expectations for a 2024 bull run are low.
@NCAAFootball@NFL@FOXSports@espn there needs to be some kind of indicator on the TV screen that shows the audience will be receiving the ball in the second half. Anyone agree?
‘25 1B Ryan Ward (@RidgeBaseball)
The 🦁 cleanup guy showed some big time power production tonight in an XL frame w/ laser & moonshot in back 2 back AB’s. Repeats trigger & launch position very well w/ advanced sink into lower half. 💣
@PBRGeorgia @PBR_Uncommitted
Hey @SportsCenter this play from the Nebraska State Baseball Class A tournament needs to be on @SportsCenter top 10. @MWCatsBaseball Millard West vs Lincoln East. 2nd Baseman Nick Venteicher Flips to SS Drew Borner. The Awesome 2nd out of the inning!
Inxeption, the Industrial Commerce SuperApp, is excited to announce $275M in funding. Valuation surges to $3B in new funding.... Read more: https://t.co/65v65SSeZp
It's undeniable that ocean shipping is one of transportation’s most stressed sectors right now. Josh Allen, President of Logistics at Inxeption, shares his thoughts on a path forward: https://t.co/zrY3WuZp4s
@UberEats can you please eliminate the door bell ring from your commercials? My dog barks every time and he wakes up our 18 month old daughter. Make it stop. Thanks.