Bitcoin’s $500M Speculative Attack on the Dollar

Simply Everything Bitcoin / Nov 15th 2021
► Publicly traded Marathon Digital is offering $500 million of senior convertible notes due in 2026 to buy additional Bitcoin and Bitcoin miners. This is a major speculative attack on the US dollar by borrowing a weak currency to purchase a strong currency they followed the exact footsteps of Michael Saylor's Microstrategy.

► Steve Hanke is so desperate he is using CNN articles claiming that ETH will overtake BTC. What is Steve Hanke so afraid, perhaps it's because he knows fiat is loosing the war.

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✔ Daily Fail Sources:
https://bitcoinorshit.com/
https://twitter.com/steve_hanke/status/1459269603909980162?s=21
https://www.cnn.com/2021/11/10/investing/ethereum-bitcoin-cryptocurrencies/index.html
https://www.moneyweb.co.za/in-depth/revix/bitcoin-starts-to-reassert-its-dominance-in-crypto-space/

✔ Epic Memes:
https://twitter.com/hodltarantula/status/1460292494885892098?s=28
https://twitter.com/publordhodl/status/1460287887879114757?s=28
https://twitter.com/firebrand_btc/status/1460141508825395202?s=28
https://twitter.com/btc_bourgeois/status/1459594190757810182?s=28
https://twitter.com/bitcoinliotta/status/1459992706327982081?s=28
https://twitter.com/btcdragonlord/status/1459751927198199810?s=28

✔ BTC News:
https://taproot.watch/
https://twitter.com/tomgiuretis/status/1459756741537591299?s=28
https://twitter.com/breaking911/status/1460068552426278912?s=28
https://twitter.com/apompliano/status/1460237483275390976?s=28
https://twitter.com/nikcantmine/status/1459758530777563137?s=28
https://m.washingtontimes.com/news/2021/nov/14/white-house-pitches-multi-trillion-dollar-budget-c
https://twitter.com/dylanleclair_/status/1460246196421865481?s=28
https://twitter.com/steve_hanke/status/1460279201873809410?s=21
https://www.globenewswire.com/news-release/2021/11/15/2334044/0/en/Marathon-Digital-Holdings-Inc-Announces-Proposed-Convertible-Senior-Notes-Offering.html
https://nakamotoinstitute.org/mempool/speculative-attack/
https://twitter.com/steve_hanke/status/1460279201873809410?s=21
https://twitter.com/bitcoinmagazine/status/1460305086639489033?s=28

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DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors.

Timecodes:
0:00 - Intro
0:28 - BTC Stats
3:45 - Daily Fail
21:49 - Meme Review
27:27 - BTC News
42:56 - Speculative Attack on Dollar
53:33 - Software Release

#Bitcoin #BitcoinDailyNews #BitcoinDailyRecap