ETF buys $250M of Bitcoin

Wake Up! It's Sats O'Clock.

Good morning. It's May 16, 2022.

Bitcoin has been hovering around the $30K mark this weekend. At the time of writing it's currently ~$29K.

Starting with some ETF news, Canada's Bitcoin ETF added over $250M worth of Bitcoin.

Germany announced that no capital gains tax would apply to any crypto held for longer than one year.

This incentivizes investors to hold their crypto assets for a longer duration.

The Bitcoin greed and fear index is still extremely fearful.

Though it is not a robust metric, it still goes to show that the overall market does not understand the long term "hold" aspect of Bitcoin.

Following his interview with Michael Saylor, Lex Fridman had Saifdean on his podcast in a 4+ hour conversation about Bitcoin.

It is quite lengthy but you can use the timestamps to pick up some valuable insight on fiat, wars, alts, economics and Bitcoin fundamentals.

FRIENDLY REMINDER

If you haven't allready, you need to get your coins OFF exchanges.

Bitcoin and cryptography in general was meant to be peer-to-peer. That means without a middleman.

Here is a link to the original Bitcoin white paper that explains why it is P2P.

If you missed it...

This tweet probably doesn't need any further explanation.

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