#Breaking: #MichaelSaylor presents one of the best explanations of #Bitcoin."
JUST IN: Michael Saylor presents one of the best explanations of #Bitcoin you will ever hear 🔥
"There is no second best." pic.twitter.com/ec2LAyJSLZ
— Bitcoin Magazine (@BitcoinMagazine) May 2, 2024
Source: X
Global banking reveals massive $10.27 billion investment into Cryptocurrencies
According to a recent report from the Basel Committee on Banking Supervision (BCBS), nineteen North American and European banks have disclosed significant investments in cryptocurrencies, totaling €9.4 billion ($10.27 billion). This represents a growing trend of adoption of cryptocurrencies by traditional financial institutions.
Bitcoin has been named the best performer among asset classes in 2023, but the cryptocurrency is still struggling to break new levels in its price. Despite the current bearish sentiment, many analysts have hinted and predicted a bull run in the coming months, especially as the market awaits the approval of a spot Bitcoin ETF.
This has probably prompted many investors to hold on to their coins, as on-chain metrics have shown that the amount of Bitcoin supply idling recently reached a new all-time high.
Unmoved Bitcoin Supply Reaches Record High
The industry expects the SEC’s approval of spot Bitcoin ETFs to ignite the next bullish run for the price of Bitcoin. Although the SEC has so far rejected a number of requests for Bitcoin ETFs, many analysts believe it will not be long until one is accepted.
Considering Bitcoin’s dominance of the entire crypto market capitalization, a spike in Bitcoin’s price is expected to flow into all other cryptocurrencies. As a result, investors have been keeping their holdings in expectation of a future price increase.
Recent data has shown that 94.8% of the total Bitcoin supply has not moved in the past month, indicating a new all-time high for the metric.
JUST IN: 94.8% of the #Bitcoin supply has not moved in the past month, a NEW ALL TIME HIGH 🚀 pic.twitter.com/bNa4MdFbKW
— Bitcoin Magazine (@BitcoinMagazine) October 10, 2023
Similarly, a recent post by on-chain intelligence platform Glassnode alerts revealed that the amount of HODLed or lost Bitcoin reached a 5-year high of 7,906,288.227 BTC.
📈 #Bitcoin $BTC Amount of HODLed or Lost Coins just reached a 5-year high of 7,906,288.227 BTC
View metric: pic.twitter.com/6OxLnd611f
— glassnode alerts (@glassnodealerts) October 6, 2023
The overall Bitcoin net flow into exchanges has decreased by 862.42 BTC ($23.27 million) in the past 24 hours, according to chart insights provided by IntoTheBlock. While this is relatively small compared to Bitcoin’s market cap, it shows investor mood might be changing into a bullish sentiment.
Source: IntoTheBlock
Time For Reversal?
Bitcoin’s price just rebounded up to $27,100 after failing to gain traction above the $27,800 resistance in the midst of escalating Israel-Hamas tensions in the Middle East. Despite this, BTC still remains the best-performing investment asset this year, outperforming stocks and bonds with its year-to-date (YTD) return of 63.3%.
Some investors view unmoved Bitcoin as a sign of solid faith in the network and adoption of a long-term mindset. Whatever the reason, Bitcoin’s unmoved supply metric is worth watching as an indicator of holder sentiment and potential future price pressure.
Recent happenings, particularly the tension of an oncoming recession in the US, have prompted billionaire hedge fund manager Paul Tudor Jones to assert that this is the best time to buy Bitcoin.
BTC still holding above $27,000 | Source: BTCUSD on Tradingview.com
@BitcoinMagazine @CaitlinLong_ @jackmallers @Strike It's the tech, man. I'm telling ya.
@BitcoinMagazine @CaitlinLong_ @jackmallers @Strike It’s the tech, man. I’m telling ya.
— Patrick Rooney (@patrickrooney)
Feb 15, 2023
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Het leven van Bitcoin kan nu in deze Zwitserse stad
Lugano, Zwitserland maakt leven op een Bitcoin standaard mogelijk met honderden handelaren die BTC accepteren.
Als je ooit hebt geprobeerd om volledig op bitcoin te leven, dan hoef je niet verder te gaan dan Lugano Zwitserland.
Stichting Plan ₿ kondigde onlangs op Twitter een nieuwe kaart aan met daarop de honderden handelaren in de stad die Bitcoin accepteren. "Nu kun je in Lugano wonen met alleen Bitcoin!", luidde de tweet. "Ontdek alles wat je nodig hebt om van je verblijf in Lugano te genieten via de kaart met alle Plan ₿-handelaren van Lugano."
https://twitter.com/LuganoPlanB/status/1610637290673524737?s=20&t=_9L8scUWvB4_zbiJIyu2ww
Plan ₿ is een stadsinitiatief dat in samenwerking met Tether is ontworpen om rijkdom, slimme geesten en kansen aan te trekken. Onderdeel van dit plan was dat Lugano van Bitcoin een wettig betaalmiddel maakte, wat in maart 2022 werd aangekondigd.
https://twitter.com/BitcoinMagazine/status/1577358568914829318?s=20&t=F_8PvA5ZnLpNN3hLzU5tRw
Dit werd gevolgd door de aankondiging van de Plan ₿ Summer School, een educatieve gelegenheid voor wie meer wil leren over Bitcoin en bedrijven, die plaatsvond in juli 2022. De school had deskundige sprekers zoals Blockstream CEO Adam Back.
Vind jouw perfecte baan
Onlangs werkte de stichting Plan ₿ samen met GoCrypto om meerdere handelaars aan te trekken om Bitcoin te aanvaarden, waaronder McDonald's en verschillende kunstgalerijen. Op dat moment voorspelde de stichting dat ze tegen het einde van het jaar meer dan 2.500 klanten zou bedienen met Bitcoin.
De stichting Plan ₿ bevestigde vandaag op Twitter dat bezoekers en inwoners "met Bitcoin kunnen betalen voor eten, drinken, kunst, mode, juwelen, auto's, horloges, tatoeages, onroerend goed, gemeentelijke belastingen en diensten en nog veel meer…".
https://twitter.com/BitcoinMagazine/status/1610641274205528065?s=20&t=SkM6K3utVTNi13JsSyREyg
Naarmate het bitcoin ecosysteem groeit, zullen verschillende rechtsgebieden blijven strijden om de zaken rondom Bitcoiners en Bitcoin bedrijven. Dit blijkt uit voorbeelden als Lugano, Madeira, Bitcoin Beach en verschillende andere. Hoewel het volledig aannemen van Bitcoin als wettig betaalmiddel nog in de kinderschoenen staat, dienen ontwikkelingen als deze zowel als proef maar ook als een manier om meer adoptie en verbeteringen te stimuleren.
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Το Ιράν ενέκρινε νόμο που επιτρέπει τη χρήση Bitcoin και κρυπτονομισμάτων σε πληρωμές για εισαγωγές μέσω ενός ολοκληρωμένου νομικού πλαισίου, σύμφωνα με μια αναφορά από το τοπικό ειδησεογραφικό πρακτορείο Tasnim. Σύμφωνα με τo ρεπορτάζ που αναδημοσίευσε το bitcoinmagazine, ο Ιρανός υπουργός Βιομηχανίας, Ορυκτών και Εμπορίου Reza Fatemi Amin αποκάλυψε ότι ο πρόσφατα ψηφισμένος νόμος ορίζει…
#Breaking: #MicroStrategy launches an enterprise platform for building decentralized identity applications on #Bitcoin
JUST IN: MicroStrategy launches an enterprise platform for building decentralized identity applications on #Bitcoin — MicroStrategy Orange 👀 pic.twitter.com/P5PXz80kSD
— Bitcoin Magazine (@BitcoinMagazine) May 1, 2024
Source: X
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Oct 4, 2022
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