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"In Human History, No Single Asset Has Come Under Such Coordinated Assault by Global Institutions" | Bitcoin Is Officially A New Asset Class: Goldman Sachs
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"In Human History, No Single Asset Has Come Under Such Coordinated Assault by Global Institutions" | Bitcoin Is Officially A New Asset Class: Goldman Sachs

Top stories and news you should know in the bitcoin, crypto, and decentralized markets

Jack Hermes
Jun 2, 2021
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"In Human History, No Single Asset Has Come Under Such Coordinated Assault by Global Institutions" | Bitcoin Is Officially A New Asset Class: Goldman Sachs
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“For the first time in decades, we saw the ferocious beauty of truly free markets operating at scale. Efficiently. Ruthlessly. These assets inhabit a world without a buyer of last resort to bail out its bankers. It was a remarkable display of antifragility. To appreciate it fully, simply imagine how today’s equity, bond and credit markets would withstand a withdrawal of governmental support, let alone a full-frontal assault.”

— Tyler Durden, ZeroHedge


High Level

  • In the last weeks of May it was a bloodbath for bitcoin as BTC finished one of its worst months in history, but zooming out shows it’s still in a massive bull market

  • Everyone in the traditional markets and media who’ve been proven wrong by bitcoin over the past year plus gleefully hoping for its demise saw their golden opportunity to strike at Bitcoin, only time will tell if they’ve missed it again


Drilling Down

In a world full of lies, the truth sounds pretty crazy...

Over the past few weeks, bitcoin and crypto assets broadly fell off the table from their record highs as the communities became even more tribal with increased animosity towards one another as well as the climate change and legacy system marketers too. While the entire market was beginning to fade, Elon Musk who wanted to be the front-man for bitcoin only to find himself as a tertiary character in the scheme of things ventured off into the meme-based crypto called DOGE to become its the self-proclaimed “dogefather” that’s promised to take it to the moon, or $1, whichever most entertaining outcome came first. After raising some concerns regarding the limitations as well as setbacks to DOGE, he oddly proposed features that had failed in prior versions of bitcoin’s codebase and found himself defending a joke while sparring with members of the bitcoin community. It should be a reminder that Elon Musk has been known for making asinine statements via Twitter before that’s cost him personally as well as the companies that he’s running too, he’s basically doing the same thing just with bitcoin and other cryptos like DOGE. According to the Wall Street Journal, the SEC has recently argued in letters that Tesla failed to oversee Elon Musk’s tweets after him needing a lawyer to review them following his $420 “funding secured” debacle. Sounds like he may find himself back in their dog(e) house and Elon may be put on an even tighter leash than ever.

As the price of BTC was sliding, Elon catalyzed it further by promoting a misguided ESG (Environmental, Social, and Corporate Governance) narrative against bitcoin regarding the energy sources and usage of power by the Bitcoin miners. If that did not stir up a lot of fear, uncertainty, and doubt already, Musk then tweeting that Tesla had “suspended vehicle purchases using Bitcoin” due to their concerns “about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” specifically did not help either with every climate change activist and ESG supporter taking their long awaited opportunity to come take their shot at the King of Cryptoland, BTC. Despite the misinformed academics, economists, and environmental influencers who’ve all bashed bitcoin calling it dirty money only used by criminals, it is not boiling the oceans like climate change and economic experts have suggested at conferences and events that they fly to on private jets while ignoring the validity of their own claims launched against Bitcoin. It’s been a comedy watching the slew of “Cantillon-aires” that benefit from the Fed’s money printing operations fighting for their broken system of money as its price rose in the face of mounting inflation, but it’s also been a tragedy seeing how many are people wrestling with the lies told to them by the bankers, climate experts, and politicians who are simply stuck spreading a false narrative that’s been debunked over and over while neglecting to realize the truth that they are really the one’s defending a dirty and inefficient Federal Reserve system with fiat money used by criminals and who’s value is backed by the military industrial complex of the United States of America.

It’s amazing that in 2021 we are arguing about bitcoin’s energy consumption as well as its promise for a renewable and sustainable future against people who believe that the current status quo of our reserve currency with an infinite supply in a world of finite resources is somehow the answer to all of these problems that were literally created by the Federal Reserve system and the “petrodollar.” Bitcoin has gotten past the initial stages of truth where people ignored it first then skated by laughing at it, but now it appears to be entering the third stage where people upset with their own lack of foresight and understanding are now fighting bitcoin while using an intellectually dishonest basis for their claims. In the end after they’re done fighting with themselves and come to grips with their reality, then bitcoin wins as the rest of that saying goes because while the narrative was trying to be changed around bitcoin recently the fact remains that its fundamentals underlying it are still rock solid and have not and will not be shaken as easily as the price. To meet Elon’s cries for renewable energy usage worldwide that he views as “potentially promising,” Michael Saylor of MicroStrategy hosted a meeting between Elon and the leading Bitcoin miners in North America to form the “Bitcoin Mining Council” to promote energy usage transparency and accelerate sustainability initiatives worldwide with executives from Argo, BLOCKCAP, Core Scientific, Galaxy Digital, HIVE, Hut 8 Mining, Marathon Digital Holdings, and Riot Blockchain all participating to present and decide on establishing an organization to standardize energy reporting, pursue industry ESG goals, educate, and grow the marketplace.

Many people believe that Elon was pressured by investors to promote this false ESG narrative against bitcoin or possibly even a government or governments who subsidize his businesses. As bitcoin melted down in price and on crypto twitter, other outside pressures came out against it from the Chinese Communist Party (CCP) banning bitcoin mining to reduce energy consumption and usage of fossil fuels, then the Federal Reserve chairman’s statements about issuing a white paper on a central bank digital currency (CBDC or “digital dollar”) this Summer, and finally with the IRS cracking down on transactions over $10,000 as well as the Treasury Department’s Janet Yellen commenting on nefarious uses almost all in coordination saying that it needs more oversight, regulation, reporting, and tracking. If that wasn’t already bad enough, then the Pope via Twitter even took his own swipe at “technology based on the use of highly polluting fossil fuels needs to be replaced without delay.” In the previous newsletter, multiple sources credibly debunk the false ESG narrative that bitcoin’s technology consumes inordinate amounts of energy compared to the banking system or gold mining that in reality is dwarfed by them with data to back it up suggesting that as much as 76% of the miner’s energy mix comes from renewable sources too.

Don’t be fooled. Bitcoin is run by rules, not rulers. No one has the ability to change it without the consensus of a majority of the miners and nodes around the world running the bitcoin protocol to willingly embrace a new form of the code that’s against their own self-interest, such as increasing the total supply of 21 million for a highly unlikely and radical example. It just proves why code that’s as distributed and decentralized as well as bitcoin’s would take either a shutdown of the entire internet globally, or a coordinated attack aimed at disrupting it so badly that all of the parties involved unanimously stopped using the decentralized asset and network in unison to abandon their freedom of speech that in the United States is embodied by the First Amendment protection that views ideas and structures embodied as computer code or software as expressive conduct also known as “symbolic speech” or “speech acts.”

In a way, these recent attacks legitimize BTC as the most anti-fragile form of money and speech with a truly free market without bailouts or lenders of last resort!

TL;DR - The last bastion of the petrodollar system is trying to delay and downplay the inevitability of a bitcoin standard especially hard over the last few weeks as its price fell, but BTC was actually made stronger with a high frequency of liquidations that wrung out excessive leverage from the system, China’s ban on mining reducing the amount of coal and fossil fuels used in its energy mix, and the further decentralization of hash power as the CCP forces it offshore into other jurisdictions. Fix the money, fix the world.

Read More Here


News You Should Know

Bitcoin Is Officially A New Asset Class: Goldman Sachs

The investment bankers are now letting their wealthy clients invest in bitcoin, so according to Goldman Sachs since they can charge some fees on bitcoin it officially can be taken seriously as an investable asset. Goldman’s global head of digital assets, Matthew McDermott, said “…clients and beyond are largely treating it as a new asset class, which is notable—it’s not often that we get to witness the emergence of a new asset class.” He continued to acknowledge the bank’s view that regulation of the crypto space looms large as a significant risk to further price appreciation…

Read More Here

Cathie Wood: Bitcoin is Going Up to $500,000

The world’s most successful ETF manager in a recent interview say that BTC would reach all the way up to half a million dollars per bitcoin. At those prices, bitcoin’s market capitalization would be over $9 trillion and overtake the market value for all of the world’s gold. She roots her prediction in the view that BTC is hugely undervalued at current prices as the reserve currency of the crypto world and the institutional embrace of bitcoin this year is a positive sign for its future while also stating that all of the environmental concerns have been overblown…

Read More Here

Elon Musk Claims He Is ‘Working With Doge Devs’ on Potential Improvements

The self-proclaimed “dogefather” after stating via Twitter that Tesla would cease accepting bitcoin over energy consumption concerns sent out another tweet that said he was working with developers of dogecoin that he described as “potentially promising.” Despite the project’s GitHub showing no real development has taken place on the protocol for years since many of the OG bitcoin core developers since then abandoned it, Elon continued to give the joke and meme-based cryptocurrency attention by announcing that DOGE would be launched to the “literal moon” on a SpaceX rocket in 2022…

Read More Here

Elon Musk Clarifies that ‘Tesla has not sold any Bitcoin‘

After sparring with members of the bitcoin community over Twitter, Elon began teasing them with a known scammer that they would being slapping themselves after Tesla dumped its holdings. As the most hated man by the SEC, Musk returned to Twitter early the next morning to say that “Tesla has not sold any bitcoin.” While some were relieved to hear the news, most of the bitcoin community retaliated by canceling their Tesla car orders as well as daring him to rage quit his bitcoin endeavor and actually sell off his company’s bitcoin holdings…

Read More Here

Jack Dorsey Says Bitcoin Is Climate Friendly. Is He Right?

While the widely accepted view that’s en vogue currently is that bitcoin is an environmental scourge, Jack Dorsey who’s the CEO of Square and Twitter has advocated on the side of bitcoin. His argument is that “Bitcoin mining presents an opportunity to accelerate the global energy transition to renewables” continuing on and saying it “could encourage investment in solar systems.” Dorsey posits that bitcoin is actually positive for the environment and incentivizing the transition to renewable energy as criticisms as well as interest from Wall Street and big banks have been on the rise lately…

Read More Here

MicroStrategy: Another Dip, Another $10M Bitcoin Purchase

The publicly-listed firm bought an additional 229 BTC for $10 million at an average price of $43,663. It now holds 92,079 BTC on its balance sheet that it bought for a total of $2.251 billion. The average purchase price per bitcoin on their balance sheet is about $24,450 per BTC, worth about $3.34B at the time of this writing…

Read More Here

Billionaire Ray Dalio Says He Owns Bitcoin, and Its ‘Greatest Risk Is Its Success’

The man famous for the saying, “Cash is trash,” and founder of the world’s largest hedge fund (Bridgewater Associates) who prior to this year expressed concern around bitcoin and crypto has turned over a new leaf with it. At the 2021 Consensus conference, Dalio revealed that he has “some bitcoin” and caught many serious investor’s attention when also said in his view that bitcoin was superior to government bonds but that success may invite governments to try and kill it…

Read More Here

“The more we create savings in [bitcoin], the more you might say ‘I’d rather have bitcoin than the bond’ Personally, I’d rather have bitcoin than a bond. And then the more that happens, then it goes into bitcoin and it doesn’t go into credit, then [governments] lose control of that.”

— Ray Dalio at CoinDesk’s 2021 Consensus Conference on May 6, 2021


Market Dashboard

TOTAL CRYPTO ASSET MARKET CAPITALIZATION = $2.371T
Bitcoin Dominance = 41.6%
Ethereum Dominance = 18.5%
(over 10,200 cryptocurrencies)
BITCOIN (BTC)
Last Close = $36,684 (as of June 1, 2021)
Market Capitalization = $686.891B
YTD Performance = +26%
ETHEREUM (ETH)
Last Close = $2,633 (as of June 1, 2021)
Market Capitalization = $305.798B
YTD Performance = +256%
*NEW ALL-TIME-HIGH @ $4362.35 on 5/12/2021

Whoops, forgot this section in this edition. I reiterate my last newsletter’s sign off:

HODL!


Pictures Say 1,000 Words, But Memes Say 10,000

Twitter avatar for @TomBradyTom Brady @TomBrady
Hmmmm should I change it??

Yano @JasonYanowitz

Rumor has it @TomBrady is loading up on Bitcoin. Retweet if you think the GOAT should turn on laser eyes. Let’s make it happen. https://t.co/opPjtBGwAD

May 10th 2021

4,833 Retweets47,051 Likes
Twitter avatar for @XentagzDennis Parker @Xentagz
Tesla Sold No #Bitcoin Cars
Tesla Sold No Bitcoin CarsTesla has sold no cars for bitcoin, potentially explaining their about face in suspending bitcoin payments less than two months after the company began accepting…trustnodes.com

May 14th 2021

54 Retweets338 Likes
Twitter avatar for @gabrielhainesGabriel Haines @gabrielhaines
Image

CMS Intern @cmsintern

@elonmusk @michael_saylor Saylor v Elon in dubai

May 16th 2021

5 Retweets33 Likes
Twitter avatar for @cmsinternCMS Intern @cmsintern
crypto vets
Image

May 19th 2021

1,445 Retweets6,137 Likes
Twitter avatar for @BitcoinMemeHub🟩 Bitcoin Meme Hub 🔞 #taproot @BitcoinMemeHub
Be fearful when others are greedy, be greedy when others are fearful. I'm greedy as f*ck right now #BTFD #Bitcoin
Image

May 20th 2021

26 Retweets126 Likes
Twitter avatar for @cmsinternCMS Intern @cmsintern
The first taste of #bitcoin
Image

May 21st 2021

324 Retweets1,197 Likes
Twitter avatar for @GoingParabolicJason A. Williams “Parabolic Guy” @GoingParabolic
"BITCOIN HAS THE HIGHEST PENETRATION OF RENEWABLES AS AN ENERGY SOURCE OF ANY INDUSTRY ON THE PLANET." Thanks @MartyBent via Hass McCook
Image

May 25th 2021

265 Retweets1,193 Likes
Twitter avatar for @TomBradyTom Brady @TomBrady
Let’s do it, DM me the details 🤝

SBF @SBF_Alameda

Hey @TomBrady -- first laser eyes, then you're buying the dip. I'm talking at #Consensus2021 Thursday night if you want to join me! https://t.co/zKmIvnMOQQ

May 26th 2021

718 Retweets9,791 Likes
Twitter avatar for @SakebombJonathan Tomek @Sakebomb
If you use Bitcoin, we are all going to die. #NoRagrets
Image

May 28th 2021

222 Retweets966 Likes
Twitter avatar for @rinusveekayRinus VeeKay @rinusveekay
It’s the day. It’s D-Day. It’s raceday. Let’s do this. @ECRIndy @IndyCar
Image

May 30th 2021

547 Retweets4,611 Likes

Positive Vibes Only

Twitter avatar for @john_zippayJohn Zippay @john_zippay
J.O. continues to inspire so many, and his battle with Cancer is a message of HOPE. From the bottom of our hearts we would like to thank everyone helping to support our family and blessing him with a great future.
Image

May 14th 2021

996 Retweets7,752 Likes

Thought Provoking Tweets

Twitter avatar for @systemic_blisssystemic bliss® @systemic_bliss
Episode 1 Mind Blown GIF by The Office

Blockfolio @blockfolio

Dogecoin is now as old as the U.S Dollar. We got off the gold standard 49 years ago, and dogecoin was created 49 dog years ago.

May 15th 2021

1 Like
Twitter avatar for @systemic_blisssystemic bliss® @systemic_bliss
This clip should be watched by everyone before investing in #bitcoin and #crypto Decentralization matters
Image

May 18th 2021

Twitter avatar for @BitcoinMagazineBitcoin Magazine @BitcoinMagazine
#Bitcoin just had both a $10,000 dip and a $10,000 pump in the same day. Wow.
Image

May 19th 2021

317 Retweets1,820 Likes
Twitter avatar for @_benkaufmanBen Kaufman @_benkaufman
CENTRAL 👏 BANK 👏 DIGITAL 👏 CURRENCIES 👏 ARE 👏 A 👏 TOOL 👏 FOR 👏 MASS 👏 SURVEILLANCE 👏 AND 👏 OPPRESSION 👏

May 20th 2021

386 Retweets1,998 Likes
Twitter avatar for @LynAldenContactLyn Alden @LynAldenContact
Here in 2021, bitcoin consumes a small fraction of one percent of global energy consumption. Most folks don't understand the nuances, and thus don't calculate or project it properly.
newsweek.com/bitcoin-mining…
Image

May 21st 2021

703 Retweets3,493 Likes
Twitter avatar for @BitcoinMemeHub🟩 Bitcoin Meme Hub 🔞 #taproot @BitcoinMemeHub
“ #Bitcoin is our peaceful weapon of choice against central bank driven time theft..not on my watch! I’m not letting the central banks steal the time of my partners, colleagues & clients..” —Ross Stevens of @NYDIG_BTC
Image

May 21st 2021

73 Retweets270 Likes
Twitter avatar for @BChappattaBrian Chappatta @BChappatta
A standing repo facility is a virtual lock to happen. It means the Fed will provide a permanent backstop to the funding markets. That's ~probably~ good for market stability, though raises uncomfortable questions about why banks can't manage on their own.
Bloomberg - Are you a robot?bloomberg.com

May 25th 2021

94 Retweets297 Likes
Twitter avatar for @SimonDixonTwittSimon Dixon (Beware Impersonators) @SimonDixonTwitt
Jay Clayton - the last SEC top 🐶& chairman that refused every #Bitcoin ETF as he said $BTC is subject to too much manipulation now joins a hedge fund that applies for a #Bitcoin ETF with him as leas advisor & consultant- this actually makes me want to 🤮
Image

May 25th 2021

92 Retweets550 Likes
Twitter avatar for @PrestonPyshPreston Pysh @PrestonPysh
Global Central Banks and their continued debasement into infinity. Look at Europe (ECB) go!
Image

May 26th 2021

378 Retweets1,592 Likes
Twitter avatar for @systemic_blisssystemic bliss® @systemic_bliss
Proof of Work for the US Dollar! 🇺🇸
Image

May 29th 2021

1 Retweet
Twitter avatar for @Blockworks_Blockworks @Blockworks_
91% of all US dollars in existence were printed after #Bitcoin was created

May 29th 2021

510 Retweets2,307 Likes
Twitter avatar for @AlyseKilleenALYSE @AlyseKilleen
Stanley Druckenmiller recounts a conversation w Paul Tudor Jones on #Bitcoin + why and how he’s bullish bitcoin (but not necessarily ETH). Thread ...

John Street Capital @JohnStCapital

14/ #2- Paul Tudor Jones called & he said, "Do you know that when Bitcoin went from $17,000 to $3000 that 86% of the people that owned it at $17,000, never sold it?” Well, this was huge in my mind. So here’s something w/ a finite supply & 86% of the owners are religious zealots.

May 31st 2021

41 Retweets310 Likes

Tweets Moving the Market

Twitter avatar for @CryptoWhaleMr. Whale @CryptoWhale
Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him…

May 16th 2021

2,178 Retweets16,559 Likes
Twitter avatar for @elonmuskElon Musk @elonmusk
@CryptoWhale Indeed

May 16th 2021

4,638 Retweets34,916 Likes
Twitter avatar for @elonmuskElon Musk @elonmusk
Tesla has 💎 🙌

May 19th 2021

59,326 Retweets467,540 Likes
Twitter avatar for @elonmuskElon Musk @elonmusk
Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.

May 24th 2021

38,566 Retweets312,195 Likes
Twitter avatar for @michael_saylorMichael Saylor @michael_saylor
Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in North America. The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide.

Elon Musk @elonmusk

Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.

May 24th 2021

14,044 Retweets70,804 Likes
Twitter avatar for @michael_saylorMichael Saylor @michael_saylor
Execs from @ArgoBlockchain , @blockcap, @Core_Scientific, @GalaxyDigitalHQ, @HiveBlockchain, @Hut8Mining, @MarathonDH & @RiotBlockchain were present & decided to establish an organization to standardize energy reporting, pursue industry ESG goals, & educate+grow the marketplace.

May 24th 2021

1,517 Retweets13,929 Likes
Twitter avatar for @Travis_KlingTravis Kling @Travis_Kling
The tweets heard round the world. One of the biggest questions in my mind- did @elonmusk know the China crackdown was coming?
Image

May 31st 2021

12 Retweets118 Likes

Other Investment News

  • Acting OCC Chief Has Begun a Staff Review of Crypto-Related Actions — The Block

  • As Bitcoin Lurches, Wall Street Plots Its Way into Cryptoland— The Economist

  • Ark Invest Buys Nearly $20 Million Worth of Bitcoin — Bitcoin Magazine

  • ‘Big Short’ Investor Michael Burry Reveals 800,000 Tesla Put Options in Q1 ($534.4M!) — Business Insider

  • Billionaire Investor Carl Icahn Says He Wants to Get Involved in Crypto in a ‘Relatively Big Way’ — Bloqport

  • Binance Faces Probe by U.S. Money Laundering and Tax Sleuths — Bloomberg

  • Bitcoin Is a Buy After Selloff, Says Contrarian Value Manager — Barron's

  • Bitcoin ETF Applications Gather Dust as SEC’s Gensler Frets Over ‘Gaps’ — FT

  • Bitstamp is Giving Crypto Wings with US Expansion — Blockworks

  • BNY Mellon Takes Bet on Bitcoin with New Irish Unit — Business Post

  • BofA Joins Paxos Blockchain Stock-Settlement Network— Bloomberg Law

  • Carbon Neutral Bitcoin Mining Coming to NY State June 1 — US News

  • Christie's to Auction Andy Warhol’s Work as NFTs — Ledger Insights

  • CME's Micro Bitcoin and Ether Futures Record Setting Day on May 13th — CME Group

  • Coinbase to Add Dogecoin in the Next 6-8 Weeks — CoinDesk

  • Coinbase Wallet Could Give MetaMask a Run for Its Money — The Defiant

  • Coinbase to Raise $1.25B in Debt Securities for Institutional Investors — CoinTelegraph

  • Coinbase’s Visa Debit Card Users Can Now Spend Crypto with Apple Pay, Google Pay — App Insider

  • Colonial Pipeline Paid 75 BTC, or Roughly $5 Million, to Hackers — NY Times

  • Crypto Hedge Funds Buy the Dip in Bitcoin’s Week of Reckoning — Bloomberg

  • Cryptocurrency Custodian Anchorage Adds 5 More DeFi Tokens — CoinDesk

  • Dave Portnoy-Backed Safemoon, Shiba Inu, Other High-Flying Altcoins Suffer Carnage In Crypto Selloff — Benzinga

  • David Rubenstein "Crypto is Here to Stay." — Investing.com

  • Dogecoin Co-Creator Calls Elon Musk 'Self-Absorbed Grifter' — Nasdaq

  • Emmer Introduces Legislation to Protect Taxpayers with Digital Assets Pending Further IRS Guidance— Congressman Tom Emmer (MN-06)

  • Fed Issuing Paper on Digital Currency This Summer — WSJ

  • Fed Officials: Crypto Rout Not a Systemic Concern — Reuters

  • Fidelity Bitcoin Fund Attracts $102M in First 9 Months — CoinDesk

  • Investment Bank Cowen Launching Institutional-Grade Custody Service w/ Standard Custody & Trust Co. — Bloomberg

  • OCC, Fed, FDIC Mulling Forming an Interagency Policy Team on Crypto — CoinDesk

  • PayPal Will Let Customers Withdraw Crypto, Exec Says — CoinDesk

  • Search Giant Google Lifts 2018 Ban on Crypto Exchange, Wallet Advertisements — CoinTelegraph

  • Sony Files Patent for Bitcoin-Compatible E-Sports Gambling Service — BTC Magazine

  • Standard Chartered to Launch Institutional Crypto Brokerage and Exchange in Europe — The Block

  • Summers: The Fed's Obviously Got It Wrong — Blockworks

  • Square Says It Has No Plans to Change Bitcoin Buying Strategy — Decrypt

  • Square Announces $2B Offering of Senior Notes — Bloomberg

  • Treasury Targets Tax Cheats, Cryptocurrency in Proposal It Hopes Will Bring in $700 Billion — The Washington Post

  • University of Pennsylvania Recieves Anonymous $5 Million Bitcoin Donation — BTC Times

  • Wells Fargo to Onboard Active Cryptocurrency Strategy for Rich Clients — Reuters

  • Whether Tesla Did Sell Any Cars for Bitcoins Remains Unclear and the Company Isn’t Saying — MarketWatch


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DISCLAIMER
An investment in any asset or strategy involves a high degree of risk and there is always the possibility of loss, including the loss of principal. Nothing written above may be considered as an offer or solicitation to purchase or sell securities or other services. The trading and investing ideas and strategies discussed above are not recommendations to buy or sell any security and are not intended to provide any investment advice and/or recommendations of any kind, but are made available solely for educational and informational purposes. Before acting on information from above, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser. Data sources are from publicly available outlets and news. Figures may have changed or incorrect, please do your own research.
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"In Human History, No Single Asset Has Come Under Such Coordinated Assault by Global Institutions" | Bitcoin Is Officially A New Asset Class: Goldman Sachs
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