Bears On The Run
Bitcoin is on a roll, with the price marching past $20,000. This comes just as hash rate has continued to climb, so it's a welcome relief for miners. And with these prices, more miners are now in profit again, which allows them to continue plugging in more machines, further pushing up hash rate. The network just gets stronger. |
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| 📝 Today's Rundown 🚀 Past $21,000: The Bitcoin mining firm announces a new hydro powered Wisconsin facility. ♟️ ZBD And Viker: Introducing Bitcoin Chess and Bitcoin Scratch. ✍️ Dear Normie: Why you need to understand bitcoin before buying it. |
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A Bitcoin 2023 Treasure Hunt
Each week leading up to April 2023, a single-use unique code in the format of "BMDAILY50[X]" (with [X] being varying bitcoin terms) will appear in a random daily newsletter hidden within the content. The code will get the lucky winner 50% off tickets to the Bitcoin 2023 Conference in Miami, happening May 18-20. Fiat payments only Applicable to GA Pass only Limited time offer Be sure to check the daily newsletters as soon as you receive them to try and win! |
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Bitcoin Price Reaches $21,000, Shorts Demolished In Biggest Squeeze Since 2021
By Dylan LeClair and Sam Rule It's been a while since we've felt the bullish energy in the bitcoin industry. Since the start of 2022, it's seemingly been a never-ending stream of bad news, bankruptcies and losses.
But 2023 is off to a different start. Bitcoin' price has reached a new high of $21,000, with shorts being demolished in the biggest squeeze since 2021.
Net liquidity, a measure of capital available to deploy in markets, is being driven by a lower reverse repo balance and the Fed's "higher for longer" policy.
The 200-day moving average is being watched by technical traders and momentum- and trend-based investors, and a clean break above could mean continued strength for bitcoin. Shorts have been decimated and this is a promising start to 2023. |
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ZEBEDEE And VIKER Launch Bitcoin Chess And Bitcoin Scratch Mobile Games
By BtcCasey ZEBEDEE, a bitcoin payments provider for gaming platforms, has once again teamed up with VIKER, a mobile games producer, to launch Bitcoin Chess and Bitcoin Scratch.
These come in addition to several classics such as Sudoku and Solitaire, all of which are available on both the iOS store and Android store.
Mobile games incorporating bitcoin are an interesting development, because it potentially adds another layer of incentive to gaming that has yet to be explored. ZEBEDEE and VIKER both promise that they have an interesting announcement in the works of a "well-known title," but for now we'll have to wait and see. |
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🪐 Listen to Cosmic Bitcoin, this time featuring guest Dhruv Bansal!
💰A new grant will bring Okcoin’s support of Bitcoin Core development to $1.5 million.
🎞️ A film about a thief and a princess is intertwined with an all-too-familiar inflationary ideology. |
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| "Whatever your story or specific situation is, one thing is clear: buying bitcoin is not going to help you."
Tim Niemeyer encourages readers to not invest in Bitcoin without first doing their own research and understanding the qualitative benefits of the technology.
He suggests that the ultimate value of Bitcoin lies in the knowledge gained from studying it and that the Dunning-Kruger effect can lead people to overestimate their knowledge and understanding.
Perhaps in this bear market, for Bitcoiners who may already own the asset, it would be wise to take a step back and consider: What knowledge you've gained beyond just that of the investment itself? |
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The DOJ live stream yesterday turned out to be pretty irrelevant. But at least we got some funny memes out of it, all while receiving another example of the banal incompetence of our government.
Enjoy your Thursday,
@BtcCasey |
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BTC Inc. Is Hiring! We're looking for dedicated Bitcoiners to join our team.
Current openings:
B2B Marketing Manager |
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