“Trading is one of the great last frontiers of opportunity in our economy. It is one of the very few ways in which an individual can start with a relatively small bankroll and actually become a multimillionaire” - quote from Jack Schwager’s Market Wizards.
It was written over a year ago, but this remains one of the best media articles on why Bitcoin really matters for individuals around the world.
If you think there are better articles I would love to see them in the replies. 👍
#Bitcoin
https://t.co/E3p1Y29rkH
Major changes in Tether's Market Cap have led Bitcoin's price over the last 1.5 years.
5 January 2020 was no different.
A healthy signal.
Keep it printing 🖨️
Hash Ribbons Buy confirmed.
This is just the 10th time these conditions have been met for #Bitcoin.
It is highly likely we never see $BTC under $6000 ever again.
All other occasions saw an average gain-to-cycle-peak of +5000%.
Now is the period to Buy Bitcoin and never sell.
On-chain momentum is crossing into bullish. Prep for halvening front running here on in. Can't say what this indicator is, as it's proprietary to @AdaptiveFund, but it tracks investor momentum. The bottom is mostly likely in, anything lower will be just a wick in the macro view.
JUST BRILLIANT: Macro bitcoin philosopher king @TuurDemeester. Tremendous grasp of what could be bitcoin's place in history. @PeterMcCormack
upped his game here too. Really worth listening.
https://t.co/JAKLPpG4Zm
1/ Thrilled, honored and overwhelmed to be teaching “Digital Asset Finance" to @Pepperdine MBA students next semester.
Looking to Crypto Twitter to provide feedback on my syllabus. Here’s the plan...
https://t.co/5NMz3uyzDg
2/ the textbook is Cryptoassets by @cburniske and @jacktatar (Pepperdine alum). It’s an easy to read, finance-heavy book by two legends in crypto and finance, respectively.
https://t.co/3g6F009Ozw
Pitched bitcoin to institutional investors last week. Presentation started with these 3 charts: Sharpe ratio (@willywoo ), zero correlation with other assets (@PanteraCapital), correlation and cointegration with stock-to-flow (@100trillionUSD). Amazing response!
If you want to know more about bitcoin, the deep stuff, study it's history (cypherpunks, Digicash, HashCash, BitGold, Bittorrent etc) -> this chart is a really good start (source: @AnselLindner and @btcmrkts)
TL;DR
- Bitcoin is more liquid than ever
- This provides institutions a bigger on-ramp into Bitcoin
- Derivatives give Bitcoin miners more revenue certainty and ability to commit to the Bitcoin network long-term.
- High volume growth can precede large bull runs