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Portugal Won't Tax Bitcoin

Portugal Won't Tax Bitcoin

Sats O'Clock
May 27, 2022

Wake Up! It's Sats O'Clock.

Good morning. It's May 27, 2022.

BTC was as low as $28.5K yesterday. It is currently just above $29K.

Ray Dalio owns Bitcoin and explains his thought process behind the investment.

"#Bitcoin has made a tremendous achievement over the last 11 years--it's a tiny percentage of my portfolio," says @RayDalio.
— Squawk Box (@SquawkCNBC)
11:52 AM • May 24, 2022

Remember, even a 1% allocation is better than 0!

How relative is the price action of BTC to the S&P 500?

The effect of rising prices is starting to hit. #BTC is trading like the most sensitive SP500 sectors.
The $SPX and $NDX are setting up for the 7th consecutive losing week. #Bitcoin could mark its 8th week.
See for yourself 👉bit.ly/3FMhb1t
— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_)
5:35 PM • May 20, 2022

Companies are not being deterred by Bitcoin Spot ETF rejections, they will keep trying until it is approved.

JUST IN: Ark Invest and 21Shares refile for a spot #bitcoin ETF
— Bitcoin Magazine (@BitcoinMagazine)
11:34 AM • May 26, 2022

Does the Portuguese government know something that we don't?

BREAKING: 🇵🇹 Portuguese Parliament rejects bill to tax #Bitcoin & crypto
— Blockworks (@Blockworks_)
5:33 PM • May 25, 2022

Bill Miller speaking some truth.

Billionaire Bill Miller: "#Bitcoin is the only economic entity in the world where the supply is unaffected by the demand." 👏
— Bitcoin Magazine (@BitcoinMagazine)
5:20 PM • May 26, 2022

The CEO of Binance speaking the truth.

No one controls the #bitcoin network.
— CZ 🔶 Binance (@cz_binance)
11:34 PM • May 26, 2022

Here is some more information on PoW vs PoS. This comparison is very important for the regulatory future of Bitcoin and cryptocurrencies in general.

Proof of Work or Proof of Stake?
Politicians, environmentalists and organizations such as WEF argue #Bitcoin should move away from PoW to favor PoS.
But would it really be a good move?
Read an expanded analysis on the subject on my latest article:
— Namcios (@namcios)
9:18 PM • May 26, 2022

If you missed it...

Make of this what you will.

In this video, ECB President is basically saying “trust me” that the balance sheet will contract.
No one trusts them. That is the whole point. #bitcoin
— Pomp 🌪 (@APompliano)
1:46 PM • May 26, 2022

Some EXTRA content.

People who think that we're crazy today will call us lucky in the future. #Bitcoin
— ℂℍ𝔸𝕀ℝ𝔽𝕆ℝℂ𝔼 🦡 (@CHAIRFORCE_BTC)
5:07 PM • May 26, 2022

MEME OF THE DAY

im quitting cigarettes and im gonna dca 15$ a day into #bitcoin
— Anon ₿ (@XbtAnon)
7:24 PM • May 25, 2022

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