According to a recent post by Bloomberg analyst Eric Balchunas on X, IBIT needs to grow its assets by a mere $10 billion to become the top revenue-generating ETF at BlackRock. That’s like saying, “Hey, just a few more pennies in the piggy bank, and we’re set!”
Hoskinson, in his infinite wisdom, shared three distinct scenarios, each more intriguing than the last, detailing the potential electricity costs for our elusive friend Satoshi during the halcyon days of 2009–2010. A time when mining difficulty was as low as a teetotaler’s alcohol intake, competition was as scarce as a decent martini in a pub, and CPU mining was the norm. 🍸
Picture this: a shiny new BRICS bloc trade currency, leaping onto the world stage and elbowing the U.S. dollar at the buffet table of global trade settlements. Brazilian President Luiz Inácio Lula da Silva stood up, probably after checking his WhatsApp, to toss out the idea: why not have a new currency for BRICS? Settle everything, support multilateralism, and, with any luck, confuse several million economists in the process. 🤑
Where else but in the tangled web of the internet, that boiling sea of scoundrels, would one entrust his Bitcoin to wager upon the elegant violence of tennis? At Bitcoin.com, a site whose name inspires precisely as much trust as your cousin Pavel’s tax advice, comparisons between betting sites are made with the care and obsession of a Russian matron reviewing her son-in-law’s dowry. Were the selection process any more “thorough”, it would require a Tolstoyan footnote apparatus.
Own Bitcoin or serve the Silicon Overlord.
The key resistance level for $XRP is $2.38. Breaking above it could trigger a major move! 🚀
😱 But Palihapitiya isn’t fazed by the slump, arguing that the dollar has been in decline for decades, and it’s not a major concern because the gains from US assets have consistently outweighed the currency’s depreciation. 💰
Source – X (formerly known as Twitter, currently known as a source of drama)
On the glorious day of July 4, CrypFlow, a voice of authority in the crypto community, shared on X that Bitcoin is displaying a remarkable resilience and technical precision on the chart. After finding its footing at the S1 support, Bitcoin executed a sharp bounce, reclaiming the R/S flip zone around $104,400, a level that has now become a battleground for momentum. However, Bitcoin encountered a formidable resistance at around $109,000, a level that marks the previous highest weekly close. The rejection, a clean technical retest of the $104,400 R/S flip zone, is now a new support, a textbook bullish sign, much to the delight of the bulls.
Now, one might think that this sudden increase in float would be a jolly good thing, but alas, it’s raised concerns about a potential supply glut 🤦♂️. Unless matched by proportional demand, the imbalance could trigger further downside across spot and derivatives markets 📊.
