Bitcoin boredom, don’t panic! Super strong fundamentals, whales buying like mad! - Ep.106

Today’s Bitcoin news!

PRICE UPDATE:

Today Bitcoin’s price is hovering in the $62k range. Some charts indicate that we could slide down a bit from here, but it’s normal nominal price action.

MINING WITH STRANDED GAS:

JUST IN: 🇦🇷 Argentina's largest electricity producer to mine #Bitcoin powered by stranded gas and 1,200 bitcoin mining machines - Forbes. LATAM turning into Bitcoin maxis…
POST: https://twitter.com/RadarHits/status/1788171228684886240
ARTICLE: https://www.forbes.com/sites/digital-assets/2024/05/07/argentina-will-mine-bitcoin-with-stranded-gas-thanks-to-gda/

FTX SCAM:

NEW: Bankrupt FTX to pay customers $15 billion in recovered cash - CNBC. ‼️FTX is not paying customers in "FULL" as reported. Bitcoin is up almost 4x since hitting $15.5K low in the bear market and is now just above $62,000. FTX will compensate customers in US dollars at prices set during the bear market, not like-for-like in assets stolen. POST: https://twitter.com/RadarHits/status/1788191491296231456

BEWARE:

Grayscale Withdraws ETH Futures ETF Application Amid Regulatory Uncertainty. Grayscale has unexpectedly withdrawn its application for an ETH futures ETF just weeks before the SEC's decision deadline, sparking speculation and uncertainty about its strategic intentions. ARTICLE: https://coinpaper.com/4148/grayscale-withdraws-eth-futures-etf-application-amid-regulatory-uncertainty

FIAT/GOVERNMENT NONSENSE:

Argentina introduces 10,000-peso banknote. ARTICLE: https://insiderpaper.com/argentina-introduces-10000-peso-banknote/

JUST IN: 🇺🇸 Congressman Tom Emmer says SEC Chairman Gary Gensler’s tenure has been characterised by "regulatory hypocrisy, inconsistency, and incompetence.” POST: https://twitter.com/RadarHits/status/1788159822799523847

If you are 25 years old: …imagine you got a 50% pay rise and houses were suddenly less than half the price. Thats how good your grandparents had it at the same age. POST: https://twitter.com/RadarHits/status/1788218618745966890

In another instance of old men trying to regulate things they don't understand, the "Blockchain Integrity Act" proposes to ban financial institutions from "handling, using, or transacting with funds routed through digital asset mixers.” Except that, if the legislation was adopted, it could give anyone the ability to incriminate financial institutions, triggering asset seizures and fines of up to $100.000 per violation. POST: https://twitter.com/L0laL33tz/status/1788215463484244114

CBDC is on its way. POST: https://primal.net/e/note1dutzz28dp33femywppyqhlzd3c5qlm54zd5qst0wsk7vc3qeag7q52x95m

BITCOIN EDUCATION:

I highly recommend reading all 3 books written by Saifedean. The #Bitcoin Standard = why Bitcoin over Fiat. The Fiat Standard = how Fiat money has corrupted everything. Principals of Economics = Austrian Economics good vs Keynesian economics bad. POST: https://twitter.com/jpcwolf/status/1788246123024470488

After finishing @saifedean‘s The #Bitcoin Standard. POST: https://twitter.com/CarlBMenger/status/1788157647507669373

LOL:

Talking to my friends and family about Bitcoin. POST: https://primal.net/e/note159fdd33gs0g247r4f6nc2thvsttzvgasp232a5w97c2q8563j6lsqz8ajg

Is there a history of mental illness in your family? I have a cousin who thinks inflation is Putin’s fault. https://primal.net/e/note1zckdhwhalhw2dm38vcw8cfdjmll5zh88f3w2eyzzhu2tf3xau48s733yde

Subscribe to Fractal Bitcoin for your daily Bitcoin news!

…and share our channel with that one friend you have that would probably love quick Bitcoin news every day ;)

Join our Locals community (free) — https://fractalbitcoin.locals.com/

NEW FRIDAY LIVESTREAM:
The Bitcoin Panel
Fridays at 4:00 PM Eastern / 1:00 PM Pacific
LINK: https://www.fractalbitcoin.com/p/the-bitcoin-panel/