The Bitcoin Gold Rush is ON! ETF facts, Bitcoin critics, USD on its deathbed

Today’s Bitcoin news!

PRICE UPDATE:

We are pumping right now above $70K for the first time in 9 days! Reminder, we made an all-time high 11 days ago at $73,835.57. How soon until new all-time high? Later today?? LOL

CHART ANALYSIS:

Mitch Ray on YouTube Sunday evening pointing out a confluence of bullish signal on the Bitcoin chart. VIDEO: https://www.youtube.com/live/BVYhMbrXnEY?si=urw-xFcK7jT9054n&t=356

BULLISH:

Most people don't seem to understand how good this weekly chart looks. Send it to literal infinity. POST: https://twitter.com/CryptoJelleNL/status/1772293343277420593

Most people don't seem to understand how good this Bitcoin weekly chart looks. Send it to literal infinity.

By 2035, 99% of the 21,000,000 will have been mined. The next 11 years will be the glory days of #Bitcoin mining as BTC the asset undergoes peak monetization, while the growth rate of mining difficulty continues decelerating. Study this. Stack #Bitcoin. Stack ASICs. POST: https://twitter.com/MitchellHODL/status/1772281962478104582

VIDEO: The Bitcoin Gold Rush with Michael Saylor — https://www.youtube.com/watch?v=BjGOSXwQO3k

Them: Are you boollish on bitcoin? Me… POST: https://twitter.com/LoveIsBitcoin21/status/1772290737704456523

FACTS:

Blackrock and Fidelity own jack sh*t. Stop acting like managing an ETF equals ownership of the underlying commodity. The people that own the bitcoin have the accounts. When they sell Blackrock et al. must sell to payout the requested funds. Why people like @BitcoinMagazine feel the need to clickbait this sh*t is maddening. POST: https://twitter.com/TheSurvivalPodc/status/1772289990690496866

NEW: 🔸Bitcoin ETFs had the first week of outflows after 7 consecutive weeks of inflows. Mainly due to BlackRock & Fidelity inflows drying up, while Grayscale outflows remained high. POST: https://twitter.com/BTC_Archive/status/1772281716847092129

Bitcoin ETFs had the first week of outflows after 7 consecutive weeks of inflows. Mainly due to BlackRock and Fidelity inflows drying up, while Grayscale outflows remained high.

Thanks to human ingenuity and progress, life was meant to become increasingly affordable over time. Government fiat currency is literally designed to obscure this phenomenon and consistently leech productivity and purchasing power gains from its citizens via inflation (monetary debasement). As it turns out, #Bitcoin fixes this. And #Bitcoin will help usher in the next age of human flourishing. POST: https://primal.net/e/note1ed8jcpkhwqgxtjunrfvmwzk7ukvak23g7qaytqastryzrjdu0uqs9fdmcp

BITCOIN CRITICS:

Bitcoin critics be like… POST: https://twitter.com/hoardingsats/status/1771932631233343867

Bitcoin critics be like

Did The NSA Create Bitcoin? VIDEO: https://www.youtube.com/watch?v=uSbE67K2NeE

FIAT/GOVERNMENT NONSENSE:

$USD Bulls don’t realize their Unit of Account is off. POST: https://twitter.com/1MarkMoss/status/1772271403573596201

NEW 🇺🇸 - President Biden on Saturday signed a $1.2 TRILLION spending package. Maybe you should get some #Bitcoin just in case? This is what a trillion dollars actually looks like. POST: https://twitter.com/Swan/status/1772277594957996273

BRICS ‘Ready To Work’ With All Countries To Ditch US Dollar. ARTICLE: https://watcher.guru/news/brics-ready-to-work-with-all-countries-to-ditch-us-dollar

Price of stuff doesn't go up. Value of money goes down. Few understand this. POST: https://primal.net/e/note1xqtxkcu2l3dg2rqwtvj4a7qzw0s7h6g5k925wnzeza7qm2ex6jusc2ssrj

#bitcoin stops the plunder. POST: https://primal.net/e/note1muxqgsz5wu7y9eshk3fzww98unxe3x90uttv89mrd4l47z6chdys2vzjsc

bitcoin stops the plunder

LAYER 2s:

There are currently 29 Bitcoin Layer 2 protocols in production use. There are another 40 Bitcoin Layer 2 protocols in various stages of development.

POST: https://twitter.com/lopp/status/1772227323346956718
WEBSITE: https://l2.watch/

We discussed Bitcoin layer 2s on The Bitcoin Panel last Friday here: https://rumble.com/v4kpt8c-the-bitcoin-panel-layer-2s-and-usability-lightning-network-liquid-cashu-ep..html

WISDOM:

“Very little is needed to make a happy life; it is already within yourself, your way of thinking.” ~Marcus Aurelius. POST: https://primal.net/e/note1z2fk5j6z7l6kcdwt3j47xs0pd3uwrnl8snd5l4ygr9rgt3mpyf0s6qaddk

Very little is needed to make a happy life; it is already within yourself, your way of thinking. ~Marcus Aurelius