FNomad

[Matt Hougan @Matt_Hougan]

Impacts of the Strategic Bitcoin Reserve

1) Dramatically reduces the likelihood the US government will some day "ban" bitcoin;

2) Dramatically increases the likelihood that other nations will establish strategic bitcoin reserves;

3) Accelerates the speed at which other nations will consider establishing strategic bitcoin reserves, because it creates a short-term window for nations to front-run potential additional buying by the US;

4) Makes it much harder for institutions -- from national account advisor platforms to quasi-governmental agencies like the IMF -- to position bitcoin as somehow dangerous or inappropriate to hold.

[Eleanor Terrett @EleanorTerrett]

🚨BREAKING: The @SECGov has officially RESCINDED SAB 121.

https://t.co/I8up9RaFBb

[Brian Armstrong @brian_armstrong]

Being anti-crypto is simply bad politics

[Hsaka @HsakaTrades]

@2170cell @blockgraze best trader I know once said

[Loma @LomahCrypto]

Only thing I’m certain of, after today’s events, is that:

The suits are coming.

It gets meme’d on often but you probably don’t have many cycles left before this whole space becomes (and trades) like TradFi.

Happy to be wrong on this one but writings on the wall..

One last ride, brothers 🫡

[Meltem Demirors @Melt_Dem]

1/ last week's @BlackRock spot Bitcoin ETF filing was big news!

but, it's not the only story. many of the largest financial institutions in the US are actively working to provide access to Bitcoin and more.

a quick glance - $27 trillion of client assets here!

[Will @WClemente]

Bitcoin price performance since previous all-time high

Green line is this cycle. Next 2 years should be fun.

[Will @WClemente]

YTD performance for 2023 thus far:

Bitcoin +68.5%
Gold +9%
Nasdaq +15.25%
S&P 500 +2.4%
TLT +5.3%

[Secrets @SecretsOfCrypto]

Every 4 year cycle there's been one thing that's always worked to get rich: slowly accumulate (months to years) the most fundamentally strong projects during the bear market and hold until the crypto mania of the bull run.

[Willy Woo @willywoo]

Simple is powerful. Here's the timing of #Bitcoin cycles.

Probably means we are entering the re-accumulation phase of the cycle. Here's the past zones.

[Will @WClemente]

Bitcoin's next halving is just over a year away

[Documenting ₿itcoin 📄 @DocumentingBTC]

Last decade of growth:

Bitcoin: +132,941%
NVIDIA: +6,743%
Tesla: +5,735%
AMD: +2,577%
Netflix: +1,634%
Microsoft: +962%
Apple: +931%
Amazon: +606%
Google: +418%
S&P 500: +223%
Gold: +12%

[Willy Woo @willywoo]

A dummies guide to selling 42 million BTC...

🧵

[Rekt Capital @rektcapital]

Historically, #BTC tends to bottom at or below the 200-MA (orange)

The 200-MA thus tends to offer opportunities with outsized ROI for $BTC investors (green)

Wicks below it are the point of peak opportunity

So how much does BTC wick below the 200-MA?

A thread

#Crypto #Bitcoin

[Marc Andreessen 🇺🇸 @pmarca]

Fun fact, I was first asked to implement Internet censorship in 1993. "The browser must block bad images." I refused then, and my views have never changed.

[Will @WClemente]

Only a few other times has Bitcoin reached the zone of heavy opportunity. (green)

This is also the longest time Bitcoin has ever spent in the zone.

[Will @WClemente]

On only 3 other occasions have we ever seen Bitcoin withdrawn from exchanges at this rate.

[The Crypto Dog 📈 @TheCryptoDog]

Making money is infinitely more rewarding than having money.

[nic carter @nic_carter]

the #1 goal in this industry is always just... survive. stick around. don't blow up. do that and you will be ok.

[Anthony Pompliano 🌪 @APompliano]

Every investor, regardless of wealth, should be allowed to invest in any asset they want.