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- Iran Continues BTC Adoption As CPI Reports 8.5%
Iran Continues BTC Adoption As CPI Reports 8.5%
Sats O'Clock
August 11, 2022
Wake Up! It's Sats O'Clock.
Good morning. It's August 11, 2022.
Bitcoin is hovering around $24.6K at the time of writing.
CPI report came in at 8.5%.
Investors interpreting the CPI report
โ Dr. Parik Patel, BA, CFA, ACCA Esq. (drpatel.eth) (@ParikPatelCFA)
1:01 PM โข Aug 10, 2022
Scary statistic.
CPI report shows that costs on everyday, household items continue to sky-rocket:
Eggs ๐ฅ + 38%
Butter ๐ง +22.2%
Coffee โ๏ธ +20.3%
Chicken๐ +17.6%
Milk ๐ฅ +15.6%
Baby Food๐ผ +15%
Oranges ๐ + 14%
Potatoes ๐ฅ +13.3%โ AFP Government Affairs (@AFPGovAffairs)
1:48 PM โข Aug 10, 2022
Even scarier.
Price increases over last year (CPI report)...
Fuel Oil: +75.6%
Gasoline: +44.0%
Gas Utilities: +30.5%
Electricity: +15.2%
Food at home: +13.1%
New Cars: +10.4%
Transportation: +9.2%
Overall CPI: +8.5%
Food away from home: 7.6%
Used Cars: +6.6%
Shelter: +5.7%
Medical Care: +5.1%โ Charlie Bilello (@charliebilello)
12:35 PM โข Aug 10, 2022
The whales have been buying.
Former NYSE President: A lot of institutions bought #bitcoin as it went to $17,000 ๐๐
โ Bitcoin Magazine (@BitcoinMagazine)
6:23 PM โข Aug 10, 2022
Nambia has started to adopt Bitcoin.
The African country of Namibia ๐ณ๐ฆ has announced today the installation of the first #Bitcoin ATM in the country ๐๐ฅณ
#BTC#Crypto#Innovation
โ Nevesof (@RomuloNevesOf)
12:37 AM โข Aug 11, 2022
Think about this.
61% of all US dollars in ๐ฐ๐ถ๐ฟ๐ฐ๐๐น๐ฎ๐๐ถ๐ผ๐ป were printed after #Bitcoin was created.
โ The Bitcoin Conference (@TheBitcoinConf)
7:44 PM โข Aug 10, 2022
Iran is bullish on Bitcoin.
NEW - Iranโs Deputy Minister of Trade: #Bitcoin and crypto will be widespread in foreign trade by September ๐ฎ๐ท
โ Bitcoin Magazine (@BitcoinMagazine)
11:00 AM โข Aug 10, 2022
Dylan explains the "bubble" hypothesis.
Just put out a piece with @DylanLeClair_ on historical equity valuations looking at Shiller P/E ratios, periods of high debt/GDP and historical bubbles.
โ Sam Rule (@samjrule)
11:42 PM โข Aug 10, 2022
More people will understand this eventually.
An anecdotal gauge for where the world is headed:
As a 21 y/o, I've sent hundreds of transactions using #bitcoin (Lighting & on-chain) as well as stablecoins on alt chains (for all of their flaws).
I've never sent a bank wire before today (and hope to never have to again).
โ Dylan LeClair ๐ (@DylanLeClair_)
4:00 PM โข Aug 10, 2022
If you missed it...
Are you one of them?
JUST IN: The number of addresses with over 1 #bitcoin hit a new ATH ๐
โ Bitcoin Magazine (@BitcoinMagazine)
3:58 PM โข Aug 10, 2022
Insane.
โจ A $200 million donation to #Bitcoin, 12 years ago
โ RIZZO (@pete_rizzo_)
1:45 PM โข Aug 10, 2022
The possibilities are endless.
๐ฅCATHIE WOOD: BlackRock's entry to #Bitcoin could bring a $1 Trillion increase in demand.
โ Bitcoin Archive ๐๐๐ (@BTC_Archive)
11:44 AM โข Aug 10, 2022
MEME OF THE DAY
There is no second best.
#Bitcoin is freedom money
CBDC is Matrix moneyโ FastBitcoins.com (@fastbitcoins)
9:07 AM โข Aug 10, 2022
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