BREAKING: 🇺🇸 OVER 50 CRYPTO INDUSTRY LEADERS ARE MEETING WITH US SENATORS TOMORROW TO DEMAND THE #BITCOIN CLARITY ACT PASSAGE
THE CRYPTO CLARITY BILL IS HEADING TO PRESIDENT TRUMP'S DESK SOON
₿E PREPARED. IT'S COMING 🚀 https://t.co/uC5VHqAqyM
BREAKING: 🇺🇸 OVER 50 CRYPTO INDUSTRY LEADERS ARE MEETING WITH US SENATORS TOMORROW TO DEMAND THE #BITCOIN CLARITY ACT PASSAGE
THE CRYPTO CLARITY BILL IS HEADING TO PRESIDENT TRUMP'S DESK SOON
₿E PREPARED. IT'S COMING 🚀 https://t.co/uC5VHqAqyM
Matt Hougan: What's the absolute worst-case Bitcoin bottom if the four-year cycle holds?
"A 70-75% drawdown from the all-time highs would be the mid-30s."
Matt thinks it's unlikely we get there - drawdowns have been shrinking as institutional capital slows the market down.
But "that would be the point where you would imagine it to be absolute max pain."
FT @Matt_Hougan @LGDoucet @Bitwise.
Bitcoin 0.3% profit taken!
Sell rationale?
MSTR https://t.co/bZU57G6X6g
Bitcoin spot repurchase
Buy rationale?
The feeling of mocking impact is great
This time I'm going to set a large stop loss
Narrative?
I don't know, for now securing a good spot is the priority https://t.co/XYavh0WTcl
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.