22nd Sept Question: Bitcoin’s supply “cannot” be changed or “will not” be changed? 🤔
Demand vs Supply! Bitcoins Supply is fixed hence the demand keeps fluctuating ( Simple as that! ) Crypto “price” influencers & “price experts” will do anything to create demand to pump the price. Since no central entity is involved/ responsible everyone can push the demand. Everyone wins, especially early adopters, Bitcoin whales.
Glassnode’s Week on chain (38) states since late July, the market has consistently realised net profits on the order of around $1B per day. Cointelegraph They have also stated that miner BTC balances are increasing, with wallets associated with miners having stockpiled 14,000 BTC (worth roughly $600 million) over the past six and a half months via Bull market Bitcoin buyers take modest profits this week, whilst exchange balances continue to decline, and miner hash-rate recovery continues. Loads of useful insights https://bit.ly/2XvPY13
In September Bitcoins market cap of $789 Billion is significantly lower than in April. The good news is Bitcoin dominance is marginally up to almost 43% 😂Despite that Mike Novogratz CEO of Galaxy Digital told CNBC I’m not nervous about cryptocurrency market. Despite this sharp decline and the heightened regulatory scrutiny, Novogratz remained bullish about the long-term prospects for crypto. More info on Seeking Alpha https://bit.ly/3u1qJQl
Jameson Lopp, an OG of Bitcoin software developer and co-founder of Casa Inc. He has the best resource to learn everything about Bitcoin https://bit.ly/3AuRyPi . Now he has a new project called bitcoinpoliticians.org that attempts to reveal American Politicians that own Bitcoin. NEWSBTC put a great article https://bit.ly/3ktwnYo
In similar news, CoinDesk released news that Chainalysis Inc. flags crypto suspects for Cops. Walletexplorer.com, a block explorer site secretly operated by Chainalysis Inc., has provided law enforcement with “meaningful leads,” the documents say 🤔 Monero to the rescue? maybe not! Details info here https://bit.ly/2XySAv6 To know technical info on Monero, Breaking Monero series on YouTube is the best source https://bit.ly/3CxSUcL
NFT Whale a rapper? Snoop Dogg says he is Cozomo de’ Medici (pseudonymous crypto id), via Twitter Currently the wallet holds an estimated $17 million worth NFTs, including nine CryptoPunks by Larva Labs #fakenews or #legit? https://bit.ly/2XBQMBw Currently, Cozomo de’ Medici also had a1ETH giveaway for sharing his content. This news is 100% legit as u can see the transaction detail here https://bit.ly/3lSvUi6 The power of Open Source!
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For slides click here https://www.linkedin.com/posts/r-a-george-19b102104_fakenews-legit-bitcoin-activity-6846265945678258176-d7_L
Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795
Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6