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New Senate Bill & More Adoption

New Senate Bill & More Adoption

Sats O'Clock
June 08, 2022

Wake Up! It's Sats O'Clock.

Good morning. It's June 8, 2022.

Bitcoin is currently $30K at the time of writing.

U.S. Senator Cynthia Lummis released her Bitcoin bill.

.@coryklippsten on Lummis/Gillibrand bill: It's going to be nice to see a clear legal and regulatory delineation between #bitcoin & altcoins trying to catch shine from bitcoin. Whole interview here: httpcnb.cx/3zjF4fL
— MacKenzie Sigalos (@KenzieSigalos)
11:56 PM • Jun 7, 2022

It is good to see a distinction is being made between Bitcoin and altcoins. Here is a quick thread on the main points in the Bill.

1/ Senator Cynthia Lummis @CynthiaMLummis has officially released her landmark bill covering #Bitcoin and digital assets.
Here are the major points in the bipartisan bill introduced with Senator Gillibrand @SenGillibrand.
A thread 🧵…
— Namcios (@namcios)
9:04 AM • Jun 7, 2022

The 4-year moving average by Michael Saylor.

The best #bitcoin price signal for technocrats or maximalists is the 4 year simple moving average.
stats.buybitcoinworldwide.com/sma1458/
— Michael Saylor⚡️ (@saylor)
7:30 PM • Jun 7, 2022

The power of decentralization.

The #Bitcoin Network transferred $50 billion of value daily over the last month for an average fee of 0.001012%.
Said differently, $98,769 of value was transferred for every $1 paid in fees, and there isn’t a person on the planet that can do anything to stop it.
— Dylan LeClair 🟠 (@DylanLeClair_)
6:16 PM • Jun 7, 2022

Paypal users can now withdraw to Bitcoin.

BREAKING: PayPal users can now withdraw #bitcoin to external wallets
— Bitcoin Magazine (@BitcoinMagazine)
3:48 PM • Jun 7, 2022

Those running businesses on Paypal will be happy with this considering the long delays in fiat currency approvals.

More institutions are embracing Bitcoin.

JUST IN - Citadel, Fidelity, Charles Schwab, and Virtu are building a #bitcoin and crypto trading platform
— Bitcoin Magazine (@BitcoinMagazine)
8:50 PM • Jun 7, 2022

If Bitcoin is not going to zero, then where is it headed?

If #bitcoin is not going to zero then it’s going to a million.
— Michael Saylor⚡️ (@saylor)
1:40 AM • Jun 8, 2022

While the SEC continues to reject spot ETF's, other countries are approving them.

💥AUSTRALIA: Another spot #Bitcoin ETF just launched today.
SEC protek investahz🤡
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive)
9:35 PM • Jun 7, 2022

Asia continues to adopt more Bitcoin and crypto.

JUST IN: According to report by Accenture, 52% of investors in Asia hold #Bitcoin, tokenized assets, or crypto investment funds.
— Watcher.Guru (@WatcherGuru)
10:58 PM • Jun 7, 2022

If you missed it...

Will Clemente explains Bitcoin derivatives and key crypto terms.

Explanation of Perpetual Swaps: Open Interest, Premiums/Discounts, Funding rates, Liquidations
[THREAD 1/15]
— Will Clemente (@WClementeIII)
3:09 PM • Feb 7, 2022

TWEET OF THE DAY

The truth.

Everyone discovers #bitcoin twice.
— Bitcoin for Freedom⚡️🇳🇴 (@BTC_for_Freedom)
7:40 PM • Jun 7, 2022

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