Humble Bitcoiners!
It's Tuesday! Get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
The price seems to be stabilizing above $60,000, and clearly the sky is the limit. Are you still stacking? |
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Today's Rundown: - Valuing Bitcoin: Introducing new on-chain band metrics to analyze bitcoin's expected behavior.
- For Everyone: MasterCard plans to allow merchants to accept bitcoin payments.
- Freedom: A chance for freedom for a growing world population.
- Auctioning Sats: The U.S. Government auctions over $300,000 worth of bitcoin.
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Valuing Bitcoin Based On HODLer Behavior By Dilution Proof
Bitcoin has brought many to reconsider what money is, and what it means to society. For over 12 years, BTC has been undergoing massive appreciation, and new metrics and techniques have been emerging which are used to value the asset. Some popular techniques have been to value and measure bitcoin's potential on its scarcity (Stock-to flow) and even on the relation between long term and short term HODLers, a metric possible to calculate due to the ledger being open.
In this article, the author introduces two new metrics for valuing bitcoin based on HODLers behaviour: - Market-Value-to-Long-term-holder-Value (MVLV)
- Market-Value-to-Illiquid-Value (MVIV)
The new MVLV and MVIV metrics represent the number of standard deviations that the market value could be overextended in comparison to the total value of the LTH and illiquid supply. In other words, the aforementioned metrics could serve to identify times where entities are more likely to sell their coins, or periods of accumulation. |
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Mastercard Plans To Allow Merchants To Accept Bitcoin Payments
By Alex McShane Mastercard announced their plans to allow any bank or merchant on its vast network to accept bitcoin and offer bitcoin rewards through an apparent partnership with Bakkt, which will offer bitcoin custodial services to merchants that sign up at MasterCard.
Even though it is only an announcement of future plans and not an actual release, this serves as an example to see where the trend is going. It clearly indicates the increasing Bitcoin adoption and interoperability with the current financial system. The big news comes as the U.S. stock exchanges regulators have allowed bitcoin futures-based ETFs to launch for the first time. Now, everyone can have exposure to the price appreciation of bitcoin through many different vehicles.
“Our partners, be they banks, fintechs or merchants can offer their customers the ability to buy, sell and hold cryptocurrency through an integration with the Baktt platform.” - Sherri Haymond VP of Digital Partnerships at Mastercard. |
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Click the links:
1. Of course institutions disregard bitcoin — it represents the aspects of freedom and private ownership that are in direct opposition to them.
2. It is difficult if not frightening to imagine the decisive strategic advantage the first country to adopt both Bitcoin and embryonic selection will have over the rest.
3. Like the printing press and the internet, Bitcoin is an invention that addresses many of the challenges of evangelism.
4. Fintech institutional investors are growing more aware and interested in BTC and mining companies, DA Davidson said.
5. Bitcoin could become the world reserve currency as people keep losing faith and confidence in governments and their policies, Paul said.
6. Bitcoin Magazine Podcast: Discussing the most important cultural implications of Bitcoin. |
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As the world's population continues to rise, it seems that lately there has been a tendency towards authoritarianism. The last two years have been a proof of the deterioration of freedom. Freedomhouse.org just released a report confirming this trend for the 15th year, and it is mentioned that 75% of the global population lives in a country where democratic principles are being lost.
According to the author, and many bitcoiners, Bitcoin is a glimpse of hope, and a trojan horse for freedom. It offers a way to opt out of the current monetary system, the possibility to hold your own digital property and for you to be the one who ultimately decides what to do with it. If you desire to transfer it, store it or take it with you to any place in the world, you can do so without being subject to capital controls and coercion. |
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US Government To Auction 4.94 Bitcoin Worth Over $300,000
By Namcios The U.S. government is hosting an online auction event between October 26 and 28 of 2021.
Nearly 5 bitcoin, worth over $300,000, will be auctioned over the next few days. It is not the first time this has happened, and in the previous auction the government sold 9.45 bitcoin at a notable discount compared to market prices.
Be weary of handing off your personal information and interests, such as your on-chain traceability if you decide to take part on this event. A cheaper price comes with privacy as a tradeoff. |
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By Rules not rulers
Things might seem different upon first glance, but plebs must see things for how they truly are beneath the disguise.
Stack harder. |
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