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Showing posts from February, 2022

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