At $53,680, Bitcoin becomes a trillion dollar asset.

If you’re new to #Bitcoin , search for "why Bitcoin" before "how to buy bitcoin”

If this is your first #Bitcoin bull run, here’s some advice:

– corrections are healthy
– 30% dips are normal
– only buy what you can afford
– try not to use leverage
– take a little profit here & there
– don’t stare at your phone all day
– remember to take breaks
– BUY THE DIPS

Don't sell your bitcoin to Elon Musk.

2018:

'Bitcoin is the biggest scam in history'
- Bill Harris, founding PayPal CEO

‘Bitcoin is speculative. We won’t process BTC transactions’
- Al Kelly, Visa CEO

‘Bitcoin is a fraud’
- Jamie Dimon, JPMorgan CEO

2021: Every one of these firms are forced to recognise Bitcoin — link

Previous #Bitcoin bull markets are characterized by fingerprints of increased miner outflows of $BTC that had been acquired throughout prior years.

Even though we're seeing slightly higher outflows of older BTC, this same pattern has not emerged in the current bull market. — link

Investors positioning in #Bitcoin more than ever before.

$BTC vs Bonds, Credit, Equityies and Commodities — link

Governments have tried and failed. Now governments are either mining or buying.

What they can't beat, they join. — link

You're not to late!

There's 1,862,884,375,000,000 Satoshis.
There's 7.795 Billion People in the World.

1,863 T SATS / 7.795 Billions = 238,977 SATS = $ 116.10 USD per Person. (0.00238977 #Bitcoin)

Stay humble, Stack Sats!

— link

No mania in #bitcoin yet.

During Dutch tulip craze, tulips traded 10x the avg "artisans" salary.

Avg salary for "skilled laborer" today is 32k approx.

32k × 10x= 320k

...and #btc has at least another 10x utility value of tulips.

Be patient and just #HODL

H/T Rich Ross ISI — Dan Tapiero

Ethereum Miner Revenue at an ATH — link

$1.9B of Positions Liquidated Due to $BTC Drop Below $48k

- $993M on Binance
- $370M on HuobiGlobal
- $292M on Bybit_Official
- $111M on OKEx
- $53M on BitMEX
- $49M on FTX_Official
- $23M on DeribitExchange
- $3M on Bitfinex

— link

Japan's SBI in talks to set up cryptocurrency JV with foreign financial firms — link

Crypto skeptic Max Levchin says Affirm may have to consider Bitcoin and crypto as a payment option. "We are in the early stages of corporate awakening to cryptocurrencies" — link

Quick $btc update.

Strong demand zone has formed between 46.5k and 48.5k. Consolidation below 46.5k could push us all the way down to Elon Musk levels. — link

According to the latest StatistaCharts
Global Consumer Survey, almost 1/3 of Nigerians own cryptocurrency, making it the most invested nation. And yes, Nigeria is trying to ban cryptocurrencies. — link

For the first time in history we can own property in cyberspace. The greatest city of the 21st century will be built upon 21 million blocks of bitcoin. — Michael Saylor

Legacy financial firms that have capitulated to #Bitcoin in the past month:

- Wells Fargo
- Bank of New York Mellon
- BlackRock
- Deutsche Bank
- Morgan Stanley
- JP Morgan
- link

Tesla made more money buying Bitcoin in a day than they did all decade making cars. — link

Friedrich Hayek predicting Bitcoin

The Week On-Chain 👉 — link