Bitcoin pullback normal, adoption steady, price in 4-8 years?, funding devs, clown world - Ep.68

Today’s Bitcoin news!

PRICE UPDATE:

Today Bitcoin dipped down to $62,312.59 but has since bounced up to the $64-65k area. These types of ~15% drops are commonplace in bull runs.

You may think you understand #Bitcoin but if this pullback has you scared and running for the exits, you DON'T understand Bitcoin. Don't get shaken out because of the volatility. This is exactly what large financial institutions want you to do. [from Rajat Soni, CFA @rajatsonifnance]. POST: https://twitter.com/rajatsonifnance/status/1770074113895174338

therationalroot: Giant GBTC outflows, 9.5k #BTC. Since ETF approval, 250,000 BTC have flowed out of Grayscale. This substantial sell pressure was mostly offset by other ETFs' inflows. We were overdue for a pullback, and yesterday, and likely today, outflows are in charge. Nonetheless, large inflows to BlackRock! POST: https://primal.net/e/note1lz9a2qp08nglr875n6cae3pqdpka566n9t6vmpmu6qrqakrpmeastn69eq

At the height of his wealth, John D. Rockefeller had amassed close to 1% of global GDP. The wealthiest man in history. MicroStrategy now has >1% of the #bitcoin supply. When we reach a bitcoin standard, MicroStrategy will be the wealthiest entity in the history of the world. [FROM Trey Sellers ∞/21M @ts_hodl]. POST: https://twitter.com/ts_hodl/status/1770066473181974867

BITCOIN’S FUTURE PRICE?:

Bitcoin Stock-to-Flow model:
2020-2024 halving cycle: ~$50k
2024-2028 halving cycle: ~$500k
2028-2032 halving cycle: ~$5m
Yes, S2F = exponential growth, and it will continue IMO.
[from PlanB @100trillionUSD]
POST: https://twitter.com/100trillionUSD/status/1769681310296035783

FLASHCRASH?:

BTC Under $10K? Bitcoin Price Flash Crashed on BitMEX to $8.9K. Significant sell orders worth $55.49 million caused Bitcoin’s price on BitMEX to briefly drop to $8,900. ARTICLE: https://cryptopotato.com/btc-under-10k-bitcoin-price-flash-crashed-on-bitmex-to-8-9k/

ADOPTION:

BREAKING: 🇯🇵 Japan's $1.4 Trillion Government Pension Investment fund, is looking into buying #Bitcoin to diversify its investments. POST: https://twitter.com/RadarHits/status/1770021220718633037

Bitcoin is the only way pensions will be able to fill their funding gaps in the coming decade. This is not priced in. POST: https://twitter.com/MartyBent/status/1770169116801761784

The entire world can audit the Bitcoin reserves of El Salvador, verified every 10 minutes. US Federal Reserve??? POST: https://primal.net/e/note1f83ueyhmcp8w8c6sl3shwsnvuvxj0f2v48fluae2h5n5ttcd4asqvvet8s

The #Bitcoin Lounge in Mumbai 🇮🇳. Which one of you plebs owns this place 👀. POST: https://twitter.com/SimplyBitcoinTV/status/1770135211071672791

CLOWN WORLD:

Supreme Court: Bar exam will no longer be required to become attorney in Washington State. ARTICLE: https://www.spokesman.com/stories/2024/mar/15/supreme-court-bar-exam-will-no-longer-be-required-/

Squatter granted restraining order against landlord by Washington State judge. ARTICLE: https://thepostmillennial.com/squatter-granted-restraining-order-against-landlord-by-washington-state-judge

🚨BREAKING: A woman gets arrested for removing squatters out of her $1,000,000 house in Queens, NY. POST: https://twitter.com/ImMeme0/status/1769921988091314329

That's literally its PURPOSE you tyrant. I say this with love 😊. POST: https://twitter.com/TheGuySwann/status/1770123413929042233

THE HISTORY OF MONEY:

The history of money is the history of humans' relentless pursuit to get something for nothing and failing mightily. It always ends the same way. POST: https://twitter.com/TXMCtrades/status/1769714858105397545

DEVELOPMENT:

Human Rights Foundation grants $500,000 to 14 Bitcoin projects worldwide. Recipients will use the grants to focus on Lightning Network development, decentralized communications, and more. ARTICLE: https://bitcoinmagazine.com/business/human-rights-foundation-grants-500000-to-14-bitcoin-projects-worldwide

SECURING YOUR BITCOIN:

TheBitcoinManual: I have been stacking sats for several years now, and I still feel like when it's time to do on-chain Bitcoin I need a safe and quiet space to do it without any distractions. I set up a new hardware wallet today to start a new stack and pulled some funds off Coinbase and I have to say even after all this time, doing it so many times, I still sweat bullets like I am disarming a bomb and all I am doing is pasting a public key into an exchange. I wonder if this feeling ever goes away. POST: https://primal.net/e/note1nencmru74e4ske0d3hc82khkzdwqchw0x27x32n8vsfpx6q27z3s7kv25p

INDIE MUSIC ON BITCOIN/NOSTR:

How To Discover Music on Wavlake, BY Heather Larson. ARTICLE: https://zine.wavlake.com/how-to-discover-music-on-wavlake/

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