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BTC Adoption Grows As Inflation Rises

BTC Adoption Grows As Inflation Rises

Sats O'Clock
June 23, 2022

Wake Up! It's Sats O'Clock.

Good morning. It's June 23, 2022.

Bitcoin is hovering around $20K at the time of writing.

As Canada reported even higher inflation, here is a look at worldwide inflation.

Global inflation rates:
🇨🇦 - 7.7%
🇺🇸 - 8.6%
🇬🇧 - 9.1%
🇧🇷 - 11.7%
🇦🇷 - 60.7%
🇻🇪 - 167.2%
#Bitcoin is the escape hatch.
— Bitcoin Magazine (@BitcoinMagazine)
7:53 PM • Jun 22, 2022

Are you buying the dip?

The #Bitcoin Mayer Multiple is currently trading at 0.5, meaning price is at a 50% discount to the 200-day Moving Average.
#Bitcoin prices have only closed at a Mayer Multiple value of 0.5 or lower on 3% of all trading days.
Live Chart: studio.glassnode.com/workbench/3758…
— glassnode (@glassnode)
8:57 PM • Jun 22, 2022

Optimism for Bitcoin in Asia.

NEW: Former Thai Prime Minister spotted on TV with #Bitcoin block clock in the background 💥
— Bitcoin Magazine (@BitcoinMagazine)
10:14 AM • Jun 22, 2022

You can now earn Bitcoin while listening to podcasts.

[New Post] Listen-to-Earn & Bitcoin
I am announcing a new investment in @fou@fountain_apphey are pioneering a new category called "Listen-to-Earn," which allows you to get paid for listening to podcasts.
No altcoins. No nonsense. Innovation done right.
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— Pomp 🌪 (@APompliano)
2:21 PM • Jun 22, 2022

Be very careful of yields.

"Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve." - Satoshi Nakamoto
#Bitcoin was literally created as a solution to bank rehypothecation. Stop chasing yield, you fools.
— Dylan LeClair 🟠 (@DylanLeClair_)
6:30 PM • Jun 22, 2022

Citibank joining the Bitcoin industry.

💥BREAKING: Citibank is launching #Bitcoin custody services for institutional investors.
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive)
11:17 AM • Jun 22, 2022

Many fail to understand this.

Math is beautiful #bitcoin
— Lili (@Marketsbylili)
3:44 PM • Jun 22, 2022

As told by Nic Carter, miners have started selling Bitcoin.

Miners have started to dump their #bitcoin holdings.
Public miners sold more than 100% of their production in May, a massive increase from the usual 25-40%.
— Jaran Mellerud (@JMellerud)
1:42 PM • Jun 21, 2022

To think this represents less than 2% of the entire world.

JUST IN - Number of addresses holding at least 0.01 #bitcoin just reached a new ATH of over 10 MILLION
— Bitcoin Magazine (@BitcoinMagazine)
11:54 AM • Jun 22, 2022

If you missed it...

Billionaire Kevin O'Leary is bullish on what Bitcoin regulation will do.

'A trillion dollars will come into this market overnight.' - Shark Tank's Kevin O'Leary on #Bitcoin regulation
— Bitcoin Magazine (@BitcoinMagazine)
11:05 PM • Jun 22, 2022

TWEET OF THE DAY

Remember 2008. That can't happen with Bitcoin.

💥No bailouts in #Bitcoin is a strength - SEC Commissioner Hester Peirce
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive)
1:55 PM • Jun 22, 2022

HODL.

#bitcoin hodlers navigating last few weeks
— Paolo Ardoino (@paoloardoino)
9:50 PM • Jun 21, 2022

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