The president of El Salvador @nayibbukele is on Twitter spaces right talking about the Bitcoin bill that's about to pass
The government is going to create a Bitcoin wallet for merchants (opt-in, can use any wallet)
Accepting Bitcoin is a mandate by law
https://t.co/He2u1HQiXN
#Bitcoin has a market cap of $680 billion dollars.
If 1% of it is invested in El Salvador, that would increase our GDP by 25%.
On the other side, #Bitcoin will have 10 million potential new users and the fastest growing way to transfer 6 billion dollars a year in remittances.
@beyond_code@crypto_iso Yeah the conditions are very different to the alt bear cycle of late 2020. In Sep and Oct every time btc moved up or down alts got totally rekt. Now when btc moves up alts move up more... Hence why I think it's still safe to have some pfolio in alts rn
@crypto_iso Oh right I see what you mean. There are still tonnes of level to level plays out there in the meantime though, because everything is stuck in a massive range...
@crypto_iso I might also add that alts have already dropped 70%, which is worse than what a lot of them dropped following the 2020 defi summer. I think the alt bull and bear cycles have already played out, and now we are in alt reaccumulation again.
@crypto_iso I don't buy this tbh. Attention could come back to alts very quickly with eip 1559 coming soon. Suppose the supply shock gives eth some rocket fuel again, what happens to alts then? More lower lows? Probably not...
Elon won't stop his FUD & narcissistic tweets about $BTC till ARK investment & Black Rock fills their #Bitcoin bags properly, then he will flip again pushing it up by spreading the good news about green power mining solutions
Btw, Both are key investors in $TSLA & #Coinbase IPO
@Murfski_ I thought I was getting the hang of it until last month, when I let my portfolio get chopped in half. That was roughly 12 months after taking up trading. I'm hoping that year 2 and year 3 will take beginner's luck out of the equation, reinforce good habits and cut out bad habits