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"My hope is that bitcoin creates world peace." - Jack Dorsey
This mission is bigger than ourselves, hence we kindly ask you to keep on reading, stack sats, and spread the word.
Do us a favor and share the newsletter with a friend! | | Today's Rundown: - Bitcoin To A Million. DCA Army driving the price.
- Elon Gives In. Elon, Tesla and SpaceX hold bitcoin.
- Miners Thriving. Miners accumulating heaps of bitcoin.
LFG! | | | How The DCA Army Will Drive A $1 Million Bitcoin Price
By Hass McCook The entire supply of bitcoin will eventually go to the zealot DCA army, bringing enough fiat into BTC that fiat ceases to exist.
There is a way to drive bitcoin price over a million, and the path is DCA. The article lays out a scenario as to how DCAing could not only set a base price for bitcoin, but drive it for over a million within a year or so.
What is this though? According to Hans, DCA stands for "daily charitable act," but it is sometimes confused for "dollar-cost averaging," well known as an investment strategy.
How does this work? - DCA army buys $10 dollars per day
- Consumes the traders and institutions sell positions
- Continue accumulating until only the daily issuance is left.
- The price goes up.
| | Elon Musk Discusses Merits Of Bitcoin, Reveals SpaceX Holds BTC
By Peter Chawaga Tesla CEO Elon Musk discussed his bitcoin investments and outlook in a live stream with Twitter CEO Jack Dorsey, ARK Invest's Cathie Wood.
The Talk has happened. Many were skeptical of the results of the meeting. Elon Musk joined the session "Bitcoin As A Tool For Economic Empowerment" and it ended up having a positive impact. Musk expressed his support for Bitcoin, mentioned that as the percentage of renewable energy usage is likely above 50% and in an incremental trend, Tesla will likely resume accepting Bitcoin. He recognized Lightning as a scalability solution for Bitcoin. Ultimately he added: - Tesla is not selling any bitcoin.
- Elon (himself) is not selling any bitcoin.
- SpaceX is not selling any bitcoin.
A little gem right? SpaceX owns bitcoin too.. | | Your daily signal dose:
1. BNY Mellon to back the launch of Pure Digital, first major bitcoin trading platform backed by a consortium of banks.
2. Ark Invest purchased over 310,000 shares of the Grayscale Bitcoin Trust on Monday and an additional 140,000 shares on Tuesday.
3. Argo Blockchain, Bitcoin mining company, is the latest to seek a public listing in the U.S. markets, a sign of the market's increasing maturity.
4. Upgrade has announced their new bitcoin rewards card that offers unlimited 1.5% BTC back on every purchase paid.
5. Blockstream announces Greenlight, where new users can be easily onboarded to Lightning while holding their own keys.
6. "Fed Watch": The hosts went in depth on El Salvador and the potential benefits of its bitcoin adoption.
7. Core Scientific, carbon neutral hosting provider, announced it will be listing on the Nasdaq soon through a merger agreement with XPDI.
8. Bitcoin Optech: This week's newsletter discusses changes to services and client software and why wallets should wait before generating Taproot addresses.
9. Awareness of one's own mortality is a sign of maturity, as is the recognition of the critical importance of securing one's bitcoin. | | Miners Are Thriving Despite The Bitcoin Price Action
By Dylan Leclair With a falling bitcoin price and mining difficulty, miners have accumulated 3,785 bitcoin over the last month.
So far it has been a great month for miners. Over the last month the Miner Net Position Change shows miners to have accumulated 3785 bitcoins, and the trend continues to increase, meaning "They are not selling." The group of miners who have benefited big are the North American ones. Over the last couple of weeks we have seen a spree of news all around listing for IPO, accumulating new hardware, expanding facilities and signing energy source contracts. This is bullish. | | By Doppio
Bear markets can be tough, but they teach you resilience. It is too soon to say where are we now, but definitely it does not look like a blow off top. However many bitcoiners from class 2021 might be experiencing a loss in their portfolios. If you are one of them, just remember "It will pass, and you will see better days."
Sometimes we get caught up in the emotions, while the best strategy as we just mentioned above is to DCA and relax. Now let's go on and enjoy life, and not get hooked up on the charts.
Enjoy the dip and keep stacking! | | Today's email was brought to you by Bam and Joe.
Keep on reading, keep on stacking. | | | | |
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