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Goldman & FTX Buyout Major Crypto Funds
Sats O'Clock
June 27, 2022
Wake Up! It's Sats O'Clock.
Good morning. It's June 27, 2022.
Bitcoin is hovering around $21K at the time of writing.
The network effect of Bitcoin continues.
#Bitcoin is winning.
— Bitcoin Magazine (@BitcoinMagazine)
3:26 PM • Jun 26, 2022
$250,000 Bitcoin is still in play according to Tim Draper.
Former crypto billionaire Tim Draper says he is more convinced than ever that #Bitcoin will reach $250,000 "by late 2022 or early 2023."
— Watcher.Guru (@WatcherGuru)
8:08 PM • Jun 25, 2022
Many crypto firms are being liquidated and bought out by Goldman Sachs and FTX. It would be wise to still tread with caution when using these platforms.
The main market-native risk to Bitcoin/crypto has been contagion.
We’ve now seen FTX strike deals with Blockfi + Voyager, and now Goldman buying Celsius’ assets.
Any concern around these firms has now been broadly alleviated and participants should feel more comfortable.
— Will Clemente (@WClementeIII)
9:22 PM • Jun 24, 2022
Sven Henrich on why rates cannot go up forever.
One more rate hike and we're at or exceeding the historic Fed capitulation trend as the ever increasing debt construct brings about a recession & the Fed has to intervene by cutting rates. http
— Sven Henrich (@NorthmanTrader)
2:03 PM • Jun 20, 2022
Interesting words from the FED.
Translation: We didn’t just cook the goose, we nuked it. There’s no way we can keep tightening this much without a melt-down. FED put inbound before year’s end.
— Preston Pysh (@PrestonPysh)
9:30 PM • Jun 20, 2022
Ecuador needs Bitcoin!
Economic collapse for Ecuador. By the looks of it, the global unrest is just beginning.
Soaring prices of energy/commodities combined with a strengthening USD will lead to the collapse of many emerging market nations, specifically those on a USD standard (like Ecuador).
— Dylan LeClair 🟠 (@DylanLeClair_)
5:36 PM • Jun 23, 2022
Be careful when using the Harmony ONE network as they were recently hacked for over $100 million.
El Salvador has greatly benefited in tourism revenue from Bitcoin investors.
The #Bitcoin tourism flywheel.
A positive tourism flywheel has started in El Salvador 🇸🇻
The major move to legal tender has put it on the international map as THE #Bitcoin country. For everyone on the ground this massive growth cycle is profusely clear
— Willem S (@XbtWilly)
8:49 PM • Jun 26, 2022
Max Keiser discusses the price-discovery differences between Gold and Bitcoin.
Gold can never achieve accurate price-discovery in this environment.
#Bitcoin fixes this.
— Max The Holy Bitcoin Apostle 🇸🇻🌋🧡 (@maxkeiser)
3:52 PM • Jun 26, 2022
If you missed it...
Preston's macro overview on What Bitcoin Did is a must watch!
TWEET OF THE DAY
Don't get distracted by shiny objects.
Me and my #bitcoin maximalist crew just chillin' here down by the river.
— Steve Barbour (@SGBarbour)
4:18 AM • Jun 26, 2022
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