What is Bitcoin, reeeally?? BRICS growing, $NYCB crashing, secure your Bitcoin! - Ep.28

Today’s Bitcoin news!

PRICE UPDATE:

Bitcoin has been hovering around $43k for the past few days. Anything above the strong $42k support can indicate an upward move incoming.

What is Bitcoin, reeeally??? LINK: https://twitter.com/SimplyBitcoinTV/status/1666538049268842496

BITCOIN ADOPTION:

How hyperbitcoinization will play out:
1. Rich people will lose trust in The Fed, bonds, real estate, gold and USD
2. They’ll find out what #bitcoin is and get FOMO
3. They’ll buy the remaining 2M BTCs on exchanges. Normies will also sell their coins for high prices to them thinking they can buy back cheaper later
4. Central Banks will print fiat to buy it which will create hyperinflation
5. After USD gets hyperinflation debt will be worthless, many businesses will go broke. The world will clean out everything that is not profitable. We’ll start from clean sheets with Satoshis as the new currency
These steps can last for months or up to three years. Don’t sell your coins to them.
LINK: https://twitter.com/BTC_for_Freedom/status/1752725534755176662

SECURITY:

Ripple Co-Founder Confirms $112.5 Million XRP Hack. Executive chairman Chris Larsen said the stolen tokens came from his personal accounts. LINK: https://unchainedcrypto.com/ripple-co-founder-confirms-112-5-million-xrp-hack/

JUST IN: FTX claims during court hearing that they expect to pay all crypto customers in full amid bankruptcy liquidations. NOTE: They are paying at the prices of November 2022, when Bitcoin was under $17,000. LINK: https://twitter.com/bitcoin_scoop/status/1752727134060126467

FIAT SHENANIGANS:

BREAKING‼️New York Community Bank, $NYCB, falls ~40% after earnings. This is the bank that acquired the collapsed Signature Bank. Bank Crisis II. LINK: https://twitter.com/RadarHits/status/1752715516781690886

BREAKING: Saudi Arabia officially joins BRICS. LINK: https://twitter.com/bitcoin_scoop/status/1752724056053370910

GOVERNMENT NONSENSE:

“Climate change” will be used by Central Banks as an excuse to print more money, & as a scapegoat when inflation gets out of control… In reality, Central Banks and the creation of fiat currency ex nihilo is the most destructive force on the planet.
https://twitter.com/WalkerAmerica/status/1752333983273136371

Don’t fall for it. The government sells fear so they can become your savior. LINK: https://twitter.com/efenigson/status/1752629930037559584

🧵While we were sleeping, the European Commission (via ESMA & ECB) has been creating a report which they plan to label bitcoin…
-environmentally harmful
-a threat to EU energy security
-a haven for financial criminals
Paving the way for 2025 de facto EU bans on BTC & BTC mining
LINK: https://twitter.com/DSBatten/status/1752487657320726890

THE MOST IMPORTANT QUESTION:

Road House (2024) — will it be good or a major flop? LINK: https://www.imdb.com/title/tt3359350/

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