Best Twitter threads of the day – August 31st by BitlyFool | Posted on August 31, 2023 What happened in crypto in the last 24h? What happened in crypto in the last 24h?In case you just woke up and saw all the euphoria, here is a recap.(1/5) ? pic.twitter.com/tdyVCWkBtO— Inmortal (@inmortalcrypto) August 29, 2023 Bitcoin pumps 8% in less than two hours.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— Inmortal (@inmortalcrypto) August 29, 2023 Grayscale wins lawsuit against SECThe 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— Inmortal (@inmortalcrypto) August 29, 2023 X (Twitter) obtains license required for crypto paymentsSecond 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— Inmortal (@inmortalcrypto) August 29, 2023 Some extra data about BTC pump.> 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— Inmortal (@inmortalcrypto) August 29, 2023 Why the next bull run of Bitcoin could be epic Why the next bull run of #Bitcoin could be epic.This is not a ? from Stockmoney Lizards?1/ pic.twitter.com/e01NbmPcTL— Stockmoney Lizards (@StockmoneyL) August 31, 2023 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.X, alongside industry giants like Amazon and PayPal, is gearing up for crypto adoption2/ pic.twitter.com/ENJ1NPYUlv— Stockmoney Lizards (@StockmoneyL) August 31, 2023 X will implement a crypto payment system. This is very likely and Elon Musk has big plans."X would become the halg of the GLOBAL financial system worldwide".3/ pic.twitter.com/rxhFriRqSC— Stockmoney Lizards (@StockmoneyL) August 31, 2023 The increasing number of users will drive the price. As more people own or express interest in buying #Bitcoin, the price will go up.Sounds like a truism, but it's true.4/ pic.twitter.com/6B1896haUB— Stockmoney Lizards (@StockmoneyL) August 31, 2023 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?5/ pic.twitter.com/oFqth47MOK— Stockmoney Lizards (@StockmoneyL) August 31, 2023 #Bitcoin's price follows a robust pattern, and not engaging with it doesn't seem very wise.2023 peak target: $50k2024 (pre-halving): consolidation2024 (post halving): New all time high (ATH)2025/26 (Q4-Q1): Cycle peak2026: Bear market6/ pic.twitter.com/2mszX79Nc0— Stockmoney Lizards (@StockmoneyL) August 31, 2023 Another very convincing thing is the logarithmic growth curve 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 + 4×10^97/ pic.twitter.com/yg1AKwGTWs— Stockmoney Lizards (@StockmoneyL) August 31, 2023 #Bitcoin stands as a non-security entity.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— Stockmoney Lizards (@StockmoneyL) August 31, 2023