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Humble Bitcoiners!
It's Monday, and the price is rippin'! Get your coffee ready, stack some sats, and sit down for your daily dose of Bitcoin signal!
Bitcoin starts the day over $50,000, reaching levels not seen since May. The progress is undeniable, and it feels good indeed to see the price acting as a reflection of the adoption we have been looking at these past weeks.
Don't forget to stack though! |
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Today's Rundown: - Bitcoin Is Free Speech: OnlyFans limits explicit sexual content due to banking partners' pressure, bitcoin fixes this.
- Increasing Exposure:Â BlackRock allocates over $382 million to bitcoin mining companies.
- The Need For Bitcoin:Â Bitcoin as the solution for the systematic wealth inequality, caused by printing money.
- More To The Balance Sheet:Â Coinbase announced to allocate $500 into bitcoin and other cryptocurrencies.
Let's do this. |
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How Bitcoin Could Replace OnlyFans
By Leigh Cuen
As OnlyFans plans to ban sexually explicit content over pressure from banking partners, Bitcoin offers the chance to promote freedom.
OnlyFans, the adult content platform, has reported plans to stop allowing sexually explicit content in October, due to the pressure from various banking partners. Even though this could seem outrageous from a human rights perspective, the move is hardly surprising given similar events historically.
As money is an extension of freedom of speech, the imposed limits by the financial industry, only ends up hurting people by limiting their ability to express themselves, and of course it stops certain entertainers from making a living.
Bitcoin fixes this, as the ultimate way to express free speech. What can we do to help as bitcoiners? Request a bitcoin payment option for the services we consume. |
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BlackRock, The World's Largest Asset Manager, Invest In Bitcoin Mining
By Alex McShane BlackRock allocated over $382 million to shares of Marathon Digital Holdings & Riot Blockchain.
BlackRock, known as the world asset manager with over $9 trillion in assets under management, continues its involvement in the bitcoin space. Starting out by revealing big holdings of MicroStrategy ($MSTR), and Square ($SQ) earlier this year, they have now announced to have allocated capital to Marathon Digital Holdings ($MARA) and Riot Blockchain ($RIOT), North American bitcoin mining companies.
As an interesting fact, their portfolio captures a big percentage of many of these companies: - 15.8% of MSTR
- 5.9% of SQ
- 6.7% of MARA
- 6.6% of RIOT
I guess BlackRock is bullish on bitcoin. |
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Click the links:
1. Bitcoin completely negates the need for violence by incentivizing trade and peaceful cooperation.
2. Your $1,200 stimulus check would be worth around $8,765 today if you’d bought Bitcoin with it in April 2020.
3. A boyfriend gifted some BTC, cheated on the girlfriend, they broke up, and she used it to buy a house; but she could've sold the house for more bitcoin instead.
4. HODL Waves: How the age of Bitcoin transactions can give us insight into the four-year halving cycles and the history of the blockchain.
5. This cryptocurrency exchange balance indicates that the bitcoin price is primed for extreme strength in the coming weeks.
6. The bitcoin industry is poised for immense growth as Bitcoin adoption begins to pick up speed.
7. Despite what appearances suggest, the best of Bitcoin is yet to come.
8. This bitcoin exchange requires all users to upload an ID, a selfie, and undergo facial verification, dismissing possible downsides. |
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50 Years Since The Gold Standard Ended, Bitcoin Is Needed More Than Ever
By Andrew Grette After 50 years of President Nixon announcing the end of the gold standard for the U.S. monetary system, the need for bitcoin couldn't be more crystal clear.
Grette's essay is a reminder of the big move onto the Fiat Standard, and a list of historical events that seem to be attributed to it, by reducing the marginal cost of money production to zero, and a reflection on how society needs to go back to a hard money standard.
Bitcoin solves the root cause of income inequality, as per the article, as this begins at printing money.
By mitigating this abuse of power, we wouldn't have an artificially appreciating stock market, allowing the rich to get richer, and the poor to continue their never-ending pursuit of holding assets, which appreciate far away from their reach.
"Bitcoin's 12-year track record demonstrates it is not a fad ready to die at any moment, and the narrative is further growing in the necessary directions. Bitcoin is a long game, and will continue to operate as such. Monetary systems and societal structures don't change overnight." - Andrew Grette |
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MORE TOÂ THE BALANCE SHEET |
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CoinBase To Invest $500 Million In Bitcoin And Speculative Altcoins
By Alex McShane Coinbase, a leading Bitcoin and cryptocurrency exchange and the first one to become public, has updated its investment policy to include a 10% quarterly income allocation to Bitcoin and other cryptocurrency and has also committed to investing $500 million of its $4 billion in reserves into crypto.
The company is now starting to adopt a dollar cost average strategy into bitcoin, turning them into the first public company announcing DCA as a corporate strategy.
We’re in a strong position to lead by example and double down on how we can enable crypto adoption and utility, starting with how we operate our business.” - Coinbase |
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| We're excited to be celebrating our 10th Twitter anniversary in August by giving away 10 Bitcoin 2022 conference tickets. The giveaway will start Sunday, August 1 at 12:00 p.m. ET and run until August 31 at 12:00 p.m. ET. The winner will be contacted by email on Wednesday, September 1. To enter, go to: http://www.rafflecopter.com/rafl/display/b28baf753/ |
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By GégéLSMR2
Do not miss this video! This is a great representation of the the moment bitcoin clicks.
There is no alternative.
Keep stacking! |
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