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Bought The Dip

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Bitcoin whales buy at $38K as BTC supply per whale hits 10-year high According to cluster data, whales now own 330,000 BTC bought at spot prices between $36,000 and $38,000. https://cointelegraph.com/news/bitcoin-whales-buy-at-38k-as-btc-supply-per-whale-hits-10-year-high MicroStrategy buys the dip by purchasing 660 Bitcoin for $25M  The average BTC price of the purchase amounted to $37,865 per BTC https://cointelegraph.com/news/microstrategy-buys-the-dip-by-purchasing-660-bitcoin-for-25m El Salvador buys its cheapest 410 Bitcoin as prices reach $36K  The purchase of 410 BTC was made against $15 million, placing the trading price at approximately $36,585 per BTC. https://cointelegraph.com/news/el-salvador-buys-its-cheapest-410-bitcoin-as-prices-reach-36k 

Bitcoin A Superior Form of Money

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 #NFA #DYOR #BTC #DigitalGold #HardAsset #SoundMoney #NetworkEffect   Bitcoin should be considered an entry point for traditional allocators looking to gain exposure to digital assets.  Investors should hold two distinctly separate frameworks for considering investment in this digital asset ecosystem.  The first framework examines the inclusion of bitcoin as an emerging monetary good, and the second considers the addition of other digital assets that exhibit venture capital-like properties.  https://cointelegraph.com/news/fidelity-bitcoin-is-a-superior-form-of-money https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-first.pdf

NFT Philanthropy

 Wilson said that NFT philanthropy started taking off about six months ago, noting that The Giving Block has already seen over $12 million in cryptocurrency, or 30% of its donation volume, come from NFT-giving initiatives: “In most cases, creators are selling their NFTs and then have a portion (or all) of the proceeds donated to their favorite crypto-friendly charity. Since most NFTs are sold for ETH, many of the NFT-related donations have also come in the form of Ethereum.” ~ Alex Wilson, co-founder of The Giving Block International Women's Day “On March 8, 2022, which is International Women’s Day, we will have an NFT gallery where people can purchase artwork NFTs with their tokens. Proceeds from each sale will be donated to participating charities on our platform. For instance, a minimum of 25% of NFT sales will be given to The State of Women Institute, a 501 (c)(3) nonprofit organization championing the stories and issues faced by young women and girls.” “The main thing we want ...

Why Bank Negara and EPF should buy Bitcoin

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Hard Money The antidote to this plague of easy money – money that can be created at will by a monopolistic organisation (the central bank) at the behest of the government – is to switch to a hard money standard. Hard money is money whose supply is capped and can’t be manipulated by the powers that be – or anyone for that matter.  For millennia, gold served as hard money. Many ancient civilisations – from the Egyptians, the Chinese, the Indians and the Romans lusted over it, hogged it, went to war for it and draped their kings and deities with it. Much more recently, and even when government-issued money was first devised, it was still tied to the gold reserves of the country. A nation couldn’t issue paper money unless these were backed one to one to their gold reserves. They were on the gold standard. Even today, where national currencies have been cleaved away from the gold standard, and where governments are free to print money wantonly and inflate its value away, central banks s...

From cash to crypto: The Cantillon effect vs. the Nakamoto effect

Our modern monetary system, which is built on the generation of money primarily through bank-issued debt with interest, transfers wealth from the middle to the top, resulting in an unstable monetary system and a society in which the "future doesn't matter." Between 1970 and 2010, the International Monetary Fund reported 425 systemic banking, monetary and debt crises, an average of 10 each year.  Monopolistic state money is a fragile and unequal system, while countries with many currencies have historically experienced greater stability and equality.  Understanding the Cantillon effect provides that inflation can be viewed as a government-imposed non-legislative and regressive tax on citizens' purchasing power. Bitcoin as an investment separates the creation of new money from politics, which makes it far more equitable. How to protect yourself from the Cantillon effect? Protecting yourself from the Cantillon effect necessitates avoiding the unfair fiat currency systems...

How Crypto Will Generate More Wealth Than The Internet

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  Multigenerational Model  focuses on a handful of core concepts: Value discipline Global portfolio Diversified portfolio Four ways to make money One is, a value discipline. You want to buy things that are cheap and hold them for long periods of time where price catches up to the value.  Second is, you have to be global.  You should have a global portfolio. Third is, you have to have a diversified portfolio.  If you take cash and you had bonds, bonds are riskier, meaning they have credit risk. Your portfolio risk doesn't go up. It goes down.  When you add equities, which have default risk, I mean, if default risk have bankruptcy risk, your portfolio risk doesn't go up, it goes down.  And so that construct means  uncorrelated assets, that you add to a portfolio, add incredible value. Last piece is that there are four ways to make money.  Four ways to make money Only four. If you take none of those four risks, you make no return. Take no risk. ...

Elon Musk, Money Out of Thin Air

 In other words, how Elon Musk finds inventive ways to make or save money, essentially out of thin air, by tapping existing technology in a new way. This applies to Tesla, SpaceX and The Boring Company. Tesla - computer on wheels, residual capability. SpaceX - to make life multiplanetary, fully and rapidly reusability. The Boring Company - digs tunnels, sell dirt. Extracting new value and opportunity from an existing product or technology. By the end of this video, you’ll see how these companies, together, will make billions of dollars of profits by finding opportunities to stack innovations upon one another and by leveraging technology in novel ways. Let’s drive in. https://www.youtube.com/watch?v=SLYE1uevT04 Tesla Tesla’s mission is to accelerate the world’s transition to sustainable energy. To be fair, they have. And are. More so than any other company on the planet. You may think Tesla is a car company. IT IS NOT. Tesla is an energy company whose core technologies are batteries...