What happened in crypto in the last 24h?
What happened in crypto in the last 24h?
— Inmortal (@inmortalcrypto) August 29, 2023
In case you just woke up and saw all the euphoria, here is a recap.
(1/5) ? pic.twitter.com/tdyVCWkBtO
Bitcoin pumps 8% in less than two hours.
— Inmortal (@inmortalcrypto) August 29, 2023
2 positive news around this moment.
> Grayscale wins lawsuit against SEC
> X (Twitter) obtains license required for crypto payments and trading
(2/5) ? pic.twitter.com/cEYqHZKbjy
Grayscale wins lawsuit against SEC
— Inmortal (@inmortalcrypto) August 29, 2023
The judge agreed that the SEC's decision to treat $BTC Futures ETFs (approved since 2019) differently than $BTC Spot ETFs is ridiculous.
Does this mean that the BTC Spot ETF has been approved? No.
It means the SEC can't deny Grayscale's… pic.twitter.com/qdFK75gNRj
X (Twitter) obtains license required for crypto payments
— Inmortal (@inmortalcrypto) August 29, 2023
Second positive news of the day that came out just 1 hour after Grayscale's news.
> Elon is now building a crypto wallet for Twitter
> The license permits X to store, transfer, and exchange
(4/5) ? pic.twitter.com/xzLlOHxSTZ
Some extra data about BTC pump.
— Inmortal (@inmortalcrypto) August 29, 2023
> This move is mostly spot driven and caused a nice short squeeze.
> Now funding is negative, which means that lots of shorts has been filled during this up candle.
(5/5) ? pic.twitter.com/4vtgsTLaoO
Why the next bull run of Bitcoin could be epic
Why the next bull run of #Bitcoin could be epic.
— Stockmoney Lizards (@StockmoneyL) August 31, 2023
This is not a ? from Stockmoney Lizards?
1/ pic.twitter.com/e01NbmPcTL
The big elephant in the room is crypto adoption. The real question is when there will be a use case (beside to the store of value) for the masses, rather than if there will be a use case.
— Stockmoney Lizards (@StockmoneyL) August 31, 2023
X, alongside industry giants like Amazon and PayPal, is gearing up for crypto adoption
2/ pic.twitter.com/ENJ1NPYUlv
X will implement a crypto payment system. This is very likely and Elon Musk has big plans.
— Stockmoney Lizards (@StockmoneyL) August 31, 2023
"X would become the halg of the GLOBAL financial system worldwide".
3/ pic.twitter.com/rxhFriRqSC
The increasing number of users will drive the price. As more people own or express interest in buying #Bitcoin, the price will go up.
— Stockmoney Lizards (@StockmoneyL) August 31, 2023
Sounds like a truism, but it's true.
4/ pic.twitter.com/6B1896haUB
And yes, the ETF #Bitcoin application will drive the price. Maybe too obvious, but for many people the way to invest (as they have invested their money in the stock market for the last 40 years). Boomer Generation?
— Stockmoney Lizards (@StockmoneyL) August 31, 2023
5/ pic.twitter.com/oFqth47MOK
#Bitcoin's price follows a robust pattern, and not engaging with it doesn't seem very wise.
— Stockmoney Lizards (@StockmoneyL) August 31, 2023
2023 peak target: $50k
2024 (pre-halving): consolidation
2024 (post halving): New all time high (ATH)
2025/26 (Q4-Q1): Cycle peak
2026: Bear market
6/ pic.twitter.com/2mszX79Nc0
Another very convincing thing is the logarithmic growth curve
— Stockmoney Lizards (@StockmoneyL) August 31, 2023
Can't foresee the future by gazing in the rearview mirror?" "Indeed, we can. Apply our Stockmoney formula?
y = 923.49 x^2 – 4×10^6 x + 4×10^9
7/ pic.twitter.com/yg1AKwGTWs
#Bitcoin stands as a non-security entity.
— Stockmoney Lizards (@StockmoneyL) August 31, 2023
Alternatively, one could phrase it: You can't take legal action against mathematics. While the SEC (US Securities and Exchange Commission) is taking legal measures against certain US exchanges enabling Ethereum and other cryptocurrency… pic.twitter.com/eaDvVgO8Fh
