Posted on 02/09/2024 7:15:34 AM PST by Kaiser8408a
Biden is apparently too demented to be prosecuted for illegally sharing top-secret documents, but is able to be President?? And people wonder why Bitcoin is so popular??
Yesterday saw the third largest net inflow into spot Bitcoin ETFs, totaling over $400 million with iShares Bitcoin Trust (IBIT) seeing over $200 million inflows alone, dominating the $101 million outflow from GBTC…
Source: Bloomberg
The net inflow yesterday meant that 8,698 BTC were taken off the market and put into cold storage.
Smaller tokens such as Ether, Solana and Cardano also pushed upward…
As CoinTelegraph reports, Coinbase analysts say there have been more important crypto themes emerging in the aftermath of the spot Bitcoin ETF launches in the U.S., including the rising decentralized finance (DeFi) activity, which could “add meaningfully” to the value proposition for Ether.
Ethereum community member and investor Ryan Berckmans believes that Ethereum’s switch from a proof-of-work to a proof-of-stake consensus mechanism could drive ETH’s price to as high as $27,000 during the bull cycle.
“Bitcoin appears set to resume its march up after the Grayscale outflows finally tapered off,” said Caroline Mauron, co-founder of digital-asset derivatives liquidity provider Orbit Markets.
The “halving narrative” will gather momentum, potentially taking Bitcoin past $50,000 in the next few weeks, she said.
The quadrennial halving cuts the quantity of Bitcoin that miners receive for operating power-hungry computers that secure the network by solving complex puzzles.
Halving is key to capping the supply of Bitcoin at 21 million tokens. Rewards drop to 3.125 coins per block from 6.25 coins in the upcoming event
With the growing demand from institutional investors, the diminishing supply could help BTC hit new market highs.
The US has gone full Kafka where no news is too insane. Maybe this should be Biden’s campaign slogan?
(Excerpt) Read more at confoundedinterest.net ...
And yet this morning, the markets are not melting down and gold is holding steady.
The country is whistling past the insane asylum.
Conclusion?
Most Americans don't give a poop, those that do...can be silenced or made irrelevant.
Signed,
The Deep State
The market adjusted years ago to the fact that the Democrat Party is controlled by the left in the east like China and Soros.
Biden seen holding ‘classified document’ in resurfaced 2013 photo: Hard copies of classified documents typically only allowed in secure rooms, called SCIFs
https://www.foxnews.com/politics/biden-seen-holding-classified-document-resurfaced-2013-photo
Biden is just a puppet for Obozo. Obozo is ruining the Country.
As Joe declines the puppet masters get stronger. They can pool the wool over Joe’s eyes.
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