transaction layer bitcoin
@vit131
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There may be Bitcoin ETFs that don't have any Bitcoin in them, just Bitcoin trading paper backed by Coinbase.
The truth is, they've been hearing similar rumors every few months since the Bitcoin Spot ETF launched in the US in January of this year. Whether it's true or not, only Coinbase knows, and they've been very clear that it's up to you to believe it or not, they don't care.
By law, these Spot ETFs are required to have a corresponding amount of Bitcoin and be audited, otherwise they're breaking the law.
The rumor is still a rumor, and if you look closely, this rumor originated from Justin Sun and was put forward by The ₿itcoin Therapist, there's no evidence and it's just speculation by Justin Sun at the moment.
Coinbase CEO also responded to The ₿itcoin Therapist's tweet that all assets are audited by one of the Big 4 auditing firms in the world (Deloitte) and the information is public.
There has been pressure for a long time for Coinbase to make the wallet addresses of ETFs public 0 reply
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MicroStrategy's BTC Purchase History
- First $250 million bitcoin purchase at $11,000
- Then buy $175 million at $10,000
- $650 million at $21,000
- $700 million at $21,000
- $1 rate at $52,000
- $10 million at $31,000
- $15 million at $59,000
- $489 million at $37,000
- $177 million at $45,000
- $242 million at $48,000
- $82 million at $57,000
- $25 million at $37,000
- $10 million at $20,000
- $6 million at $19,000
- $179 million at $28,000
- $14 million at $30,000
- $821 million at $68,000
- $623 million at $67,000
- $786 million at $65,000
- $1.1 billion at $60,000.
Every time they buy someone laughs at them, but now Michael Saylor is valued at $5.2 billion
Source @pivfund2100 and @CryptoTea_ 0 reply
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The S&P 500 chart shows us: We are now 3 years and 8 months into President Biden's term, and in that time, the S&P 500 has increased by about 50%.
- 3 years and 8 months into Donald Trump's term, the S&P 500 has increased by about 50%.
- 3 years and 8 months into Obama's term, the S&P 500 has increased by about 50%.
- 3 years and 8 months into Clinton's term, the S&P 500 has increased by about 50%. (Source X: @1MarkMoss) What about Bitcoin?
- The day President Obama took office for the first term, Bitcoin had just started, with no price, but when the first term ended, the price of BTC was $16.
- The day President Obama took office for his second term, the price of BTC was $15, and when he left office, the price was $895 (56x increase).
- The day President Trump took office, the price of BTC was $895, and when he left office, the price was $35K (39x increase).
- The day President Biden took office, the price of BTC was $35K, and when Biden left office (January 20, 2025) ??? 0 reply
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I see that the recent economic news is also getting brighter and can activate the money pump at any time, along with that, the strong cash flow from credit will be like a Doping boost to the financial market!
In September, there will be many news that will cause strong market fluctuations such as Nonfarm, CPI, FOMC, ... and perhaps everyone is looking forward to the first interest rate cut by the FED.
From my perspective, if everyone observes carefully at present, the credit debt of Americans is at its highest level in history.
This means that the cash flow from credit can flow quickly and strongly straight into the market when there are positive signals and moderate moves from the FED.
In the long term, the news will all be positive, but in the short term, the fluctuations with fud will have more or less impact on the price. Currently, $NVDA has Fud, so it is highly likely that it will affect the global financial market. 6 replies
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