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Euro breaks parity as Bitcoin Continues to Grow

Euro breaks parity as Bitcoin Continues to Grow

Sats O'Clock
August 23, 2022

Wake Up! It's Sats O'Clock.

Good morning. It's August 23, 2022.

Bitcoin is hovering around $21K at the time of writing.

USD/EUR parity has been broken with the euro falling further down.

The Euro zone trade deficit is at an all time low as nations face structural energy shortages.
The EUR broke parity with USD and looks to be heading much lower.
— Dylan LeClair 🟠 (@DylanLeClair_)
12:37 AM • Aug 23, 2022

The first fundamental in understanding Bitcoin.

The core difference between RELATIVE and ABSOLUTE scarcity can be understood by comparing gold & bitcoin.
More gold miners = more gold
More bitcoin miners ≠ more bitcoin
Let's dig in👇
— Bitcoin Magazine EDU (@BitcoinMagEDU)
5:55 PM • Aug 22, 2022

The job of a node.

Every single #bitcoin node validates every single transaction
— Documenting Bitcoin 📄 (@DocumentingBTC)
3:32 PM • Aug 22, 2022

It is what it is.

#Bitcoin opens your eyes.
— The Bitcoin Conference (@TheBitcoinConf)
2:36 PM • Aug 22, 2022

Interesting comparison.

Here's the difference:
Vitalik dumped $336,000,000 worth of ETH onto holders at the cycle top.
Satoshi still holds $20,000,000,000 worth of BTC, unmoved after 14 years, and left the space entirely after it reached developmental escape velocity.
Which founder do you prefer?
— The Bitcoin Layer (@TheBitcoinLayer)
1:31 AM • Aug 23, 2022

Bullish news for BTC hodlers.

BREAKING: China 🇨🇳 is planning a $30 Billion dollar fund to bail out bankrupt property developers
This should temporarily end global financial fears and #Bitcoin will rise 🚀
— That Martini Guy ₿ (@MartiniGuyYT)
10:37 PM • Aug 22, 2022

Addresses with 0.1+ BTC.

#Bitcoin Accumulation Visualised! 🔥👇
— Crypto Rover (@rovercrc)
7:22 PM • Aug 22, 2022

US dollar denominated debt is the key.

The US dollar is the world's economic wrecking ball. Global trade volumes fall at a time when goods demand is already weak and inventories are building up. US dollar denominated debt becomes more expensive to service. This never ends well.
— PassedPawn.eth (@passedpawn)
2:50 PM • Aug 22, 2022

Be careful of USDC.

As it was expected USDC is just a fraud... They have to pay companies so that it looked like they use it but in fact nobody wants it.
— Robbert Carrington (@Rob_Verder)
1:09 PM • Aug 21, 2022

If you missed it...

Wise words from Satoshi in 2009.

#Bitcoin is a self fulfilling prophecy.
— Bitcoin Magazine (@BitcoinMagazine)
9:01 PM • Aug 22, 2022

Damn.

Good things come to those who HODL #bitcoin
— Bitcoin Magazine (@BitcoinMagazine)
5:18 PM • Aug 22, 2022

MEME OF THE DAY

Let the candles be green.

#Bitcoin pumps make me happy! 😊
— The Moon | Carl (@TheMoonCarl)
1:00 PM • Aug 22, 2022

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