Humble Bitcoiners!
It is with great pleasure that we bring you today's newsletter, fresh from the Thanksgiving break! Sit down and get ready for your daily dose of Bitcoin signal! |
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Today's Rundown: - Final Cycle: This bitcoin price bull run could be the one leading to hyperbitcoinization.
- Pay Me In Bitcoin: OneRepublic becomes first major artist to be paid in bitcoin for a show.
- Biases: Misinformation creates misconceptions and biases against bitcoin.
- Fund: Singapore approved a 'physical' bitcoin fund.
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Is This Bull Run Bitcoin's Final Cycle?
By Luke Mikic In this piece, the author makes a thorough analysis on bitcoin's previous bull and bear cycles and the future perspective of bitcoin's addressable market describing how it is not only possible, but probable that what will follow is a massive appreciation, with bitcoin surpassing the market capitalization of: - Gold
- Real Estate
- Equity Market
- Global Fiat
- Bond Market
- Derivatives market
In his thesis, during what would be called hyperbitcoinization, the bull and bear markets that we know today as the four year cycles in relation to bitcoin's issuance would stop being as wild as they have been, and bear markets would look more like mini, four to six-month corrections with 40% to 65% drops in size.
"I think the only catalyst that could plunge bitcoin into a prolonged 12-to-18-month, 85% bear market would be something catastrophic" - Luke Mikic |
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OneRepublic Becomes First Major US Artist To Be Paid In Bitcoin For Show
By Namcios OneRepublic has become the first U.S. label act to get paid fully in bitcoin. The band performed at Haydn Hall, a historic theater in Vienna, and by leveraging Strike, the LightningNetwork payments app, they were able to receive the full amount in Bitcoin, regardless of what the payer decided to deposit into their account.
With many sports players turning into the bitcoin standard, it was only matter of time until artists decided to jump on the movement.
“My band and I are so happy to be a part of something that we believe is, without question, the future of how payments are transacted for unlimited amounts of assets, performances, services, purchases, music, etc. around the world. With that in mind, it only made sense for us to take the next logical step. I also have an upcoming private concert in December I’m planning on taking Bitcoin for.” - Ryan Tedder |
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Click the links:
1. Bitcoin processed 62% more value in dollars than PayPal, a report showed.
2. Fairgoers will be able to buy selected objects with bitcoin through Coinbase - Design Miami.
3. Discussing Jerome Powell's reinstatement, a European debt crisis, the rising dollar and more through a Bitcoin lens.
4. In a historic event for a G20 country, the Turkish lira is in free fall and making the case for a bitcoin hedge.
5. Wild horses, the unruly mustangs of the bitcoin world, must make up a larger proportion of hash rate for optimal security of the network.
6. Decentralizing technologies like Bitcoin are critical for individual sovereignty in our digital future.
7. Ledger released its new Bitcoin application, allowing users to enjoy more complex wallet functionalities.
8. The American Empire is handling Bitcoin as well as the British Empire handled America. |
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Bitcoin And Biases: Agnotology, The Making And Unmaking Of Ignorance
By Heidi Porter Agnotology is the study of deliberate, culturally-induced ignorance or doubt. While the word ignorance has a negative connotation, the author reflects on the different flavors of ignorance and its continuum of positive to neutral to negative. In this piece, she defines three different kinds of ignorance based on the book from Robert Proctor, and associates them with how people learn, know or see bitcoin. - Ignorance of what you have not learned yet.
- Ignorance by selection.
- Crafted Ignorance.
Within the distinct ignorances, the first is easily overcome by curiosity, the second one would need a push from someone closer to the person, as it doesn't lie in the area of interest of the person under ignorance, while the third one might be a more challenging form to address. Crafted ignorance is often manufactured, and in the case of bitcoin, could come from governments or institutions. Once someone creates a bias given a narrative, it is important to approach from a place of information to get rid of the misconceptions. |
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'Physical' Bitcoin Fund Approved In Singapore
By Namcios
Singapore-based fund manager Fintonia Group, launched a "physical" bitcoin fund and a yield fund. The funds are geared towards professional and institutional investors seeking direct, passive bitcoin exposure and an avenue for obtaining loans on their bitcoin holdings.
In the last couple of weeks we have seen distinct bitcoin futures ETFs being approved in the U.S., but this one is different. Having a fund which holds the real asset has a more positive effect on the price, as it is a scarce asset, and the buying pressure will have a direct impact on liquidity and availability. As bitcoin becomes a mainstream asset, more investors are seeing the potential and have been attracted to its incomparable scarcity.
“Bitcoin is an excellent form of collateral for loans, it trades 24/7 and is highly liquid, with approximately $30bn to $60bn per day. If required, it can be quickly liquidated in comparison with, for example, commodities and real assets.” - Adrian Chng |
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2021 BITCOIN BLACK FRIDAY • SALE ENDS 12/26 |
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| Bitcoin Black Friday, the annual opportunity to get the best deals on Bitcoin-related items or a variety of other gifts in exchange for bitcoin, will return at BitcoinBlackFriday.com on November 26 and run through December 26, 2021. For Bitcoin Black Friday 2021, the event will feature nine premier brands, each listing one specially-discounted product with bitcoin as a payment option to celebrate the holiday’s ninth anniversary. In addition, 21 products, pieces of artwork and experiences will be listed for bitcoin, with the proceeds donated to charity. The charitable goal is to raise $25,000 in BTC to contribute to the Built With Bitcoin Foundation, which provides clean water, access to education, sustainable farming and other humanitarian support around the world. |
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By Spinte
Bitcoin is nothing more than freedom money, allowing the people to escape inflation and tyranny, offering optionality to the user, and power of choice.
Keep stacking. |
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Keep on reading, keep on stacking. |
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