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Binance CEO Changpeng Zhao about to step down:
https://en.bitcoinsistemi.com/break...step-down-as-ceo-following-us-investigations/
https://en.bitcoinsistemi.com/break...step-down-as-ceo-following-us-investigations/
It's a nothing burger but I don't like how the US government is endlessly bullying crypto with no end in sight. He will get a suspended sentence and Binance will move on. Later today they will also announce another W over crypto, possibly related to Tether:
DOJ to announce ‘significant’ crypto enforcements alongside CFTC, Treasury
Attorney General Merrick Garland, Treasury Secretary Janet Yellen, Deputy Attorney General Lisa Monaco and CFTC Chair Rostin Behnam are all expected to speak.
blockworks.co
Really sick of it. Crypto used to be about all about the gains. Now it's just the US government playing whack-a-mole.
It's a nothing burger but I don't like how the US government is endlessly bullying crypto with no end in sight. He will get a suspended sentence and Binance will move on. Later today they will also announce another W over crypto, possibly related to Tether:
DOJ to announce ‘significant’ crypto enforcements alongside CFTC, Treasury
Attorney General Merrick Garland, Treasury Secretary Janet Yellen, Deputy Attorney General Lisa Monaco and CFTC Chair Rostin Behnam are all expected to speak.
Really sick of it. Crypto used to be about all about the gains. Now it's just the US government playing whack-a-mole.
Interesting article here on a Mr. Noah Perlman, who now has a top role at Binance.
Binance's Noah Perlman: Ties to FTX, Epstein and Gemini Earn
After Binance’s settlement with the DOJ and the removal of its longtime leader Changpeng Zhao, one of the most important figures at Binance – Chief Compliance Officer Noah Perlman – is poised to have an outsized role over the activities of and data held by the world’s largest crypto exchange...
unlimitedhangout.com
He has commented that he is concerned about the funding of populists and looks to be part of a Zealous KYC nexus.
Good, let Binance die.
JayR
Heritage
Charlie "Bitcoin is rat poison" Munger dead at 99.
www.foxbusiness.com
Charlie Munger, friend and business partner of Warren Buffett, dead at 99
Charlie Munger, vice chairman of Berkshire Hathaway, died Tuesday, according to a press release from the company.
www.foxbusiness.com
This was Warren Buffet's line. Munger's was "Bitcoin is worthless artificial gold".
Bill Gates wanting to short BTC at $4K
He did actually have some good inter-generational insights.
But was very much steeped in boomerism, despite not being one.
JayR
Heritage
This was Warren Buffet's line. Munger's was "Bitcoin is worthless artificial gold".
Bill Gates wanting to short BTC at $4K
He did actually have some good inter-generational insights.
But was very much steeped in boomerism, despite not being one.
Pretty sure Munger said it:
Bitcoin is ‘rat poison,’ Berkshire’s Charlie Munger says
Berkshire vice chairman says cryptocurrency wave is an idiot boom.
www.foxbusiness.com
Buffett or Munger, doesn't really matter -- they both hated BTC.
I don't blame them though. Men from a different age who understood their craft well, and didn't understand newer movements.Pretty sure Munger said it:
Bitcoin is ‘rat poison,’ Berkshire’s Charlie Munger says
Berkshire vice chairman says cryptocurrency wave is an idiot boom.
Buffett or Munger, doesn't really matter -- they both hated BTC.
Kudos to Buffett for finally getting on the Apple bandwagon. I didn't think that company would go where it has either.
Michael Saylor really sold me on bitcoin.Updated.
The guy bought URL's for nominal amounts and waited 20 years until people finally came around offering him tens or hundreds of millions.
Then he wrote "The Mobile Wave" in 2012 where he talked about buying and holding FAANG stocks. He made a bigger fortune and no one read his book.
He obviously has the stomach to keep something he knows is valuable. And said if he saw anything like it again, he wouldn't bother writing a book again but instead would just youtube about it.
Whoever is interested in Bitcoin & crypto this cycle should check out the Ordinal Inscriptions and STAMPS with their respective BRC20 and SRC20 coins, besides inscribed art (NFTs).
I believe these will lead the charge in the next crypto bull run (especially the Ordinals / BRC20 ecosystem).
I believe these will lead the charge in the next crypto bull run (especially the Ordinals / BRC20 ecosystem).
I'm stealing thisImagine not buying crypto over the last year.
I was looking at the 1d chart and in looked like it was going to take a move either way over the last week due to the Bollinger squeeze.
But the momentum up looks weak now. I think it will break through $40K and then sell off into next year.
But the momentum up looks weak now. I think it will break through $40K and then sell off into next year.
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Historically btc has gone up to around 60-65% of it's previous ATH before the halfing before taking a dump. That'd be around 41-44k. Last time it was Covid, this time it could be new flu coming from China...or the spot etf actually happens and it could take offI was looking at the 1d chart and in looked like it was going to take a move either way over the last week due to the Bollinger squeeze.
But the momentum up looks weak now. I think it will break through $40K and then sell of into next year.