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US Securities and Exchange Commissioner Hester Peirce has said the US capital markets are ready for a bitcoin exchange-traded product. She said people are already eager to trade a bitcoin ETP. She also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing. For people who are not aware - ETP is the umbrella term for the collection of financial products traded on a stock exchange that include ETFs. Yes, she's always been pro Bitcoin. But her language is very telling. She said the US capital markets "are ready" for an ETF. There needed to be a lot of infrastructure in place before they can approve …

Year of Bull = Year of BITCOIN Happy New Year Folks.

Bank of New York Mellon, the nation's oldest bank, is making the leap into the market for cryptocurrencies. The custody bank said Thursday it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients. In time, BNY Mellon will allow those digital assets to pass through the same plumbing used by managers' other, more traditional holdings.

While experts were arguing about Apple and would it buy Bitcoin or not, Twitter announced its desire to participate. The Chief Financial Officer of Twitter Ned Segal said on Wednesday that Twitter is looking for options to pay employees in cryptocurrency. It was also said that Twitter wants to put a part of its funds into Bitcoin.

Although won't Bitcoin make his dream of Universal Basic Income impossible since he can't print more of it and hand it out to the citizens? Hmmm

https://finance.yahoo.com/news/ark-cathie-wood-bitcoin-400000-000053537.html

https://digitalik.net/btc/cycle_repeat This graph is showing how it would be if from today price change would repeat it's pattern from previous cycle. It goes 1458 days ahead (full cycle).

https://youtu.be/Pb5oIIPO62g In this lecture-style presentation, John Cleese claims that creativity is not a special talent. People are either in an ‘open’ or ‘closed’ state of mind. The closed mode enables people to apply themselves to tasks with vigour and concentration; the open mode is more relaxed and conducive to creative thinking. Cleese talks about how leaders can induce an open mode in their team members and establish confidence in them to accept that there is a succession of learning steps on the road to total quality.

"What's important when you're in that hedge fund mode, is to not do anything remotely truthful. Because the truth is so against your view, that it's important to create a new view, to create a fiction." - Jim Cramer, hedge fund manager 2006 "Then you call the (Wall Street) Journal and get the bozo reporter in Research in Motion and you would feed that (rival) Palm's got a killer it's going to give away. These are all the things you must do on a day like today, and if you're not doing it, maybe you shouldn't be in the game." - Jim Cramer, hedge fund manager 2006 “It might cost me $15 million or $20 million to knock RIM down but it would be fabulous because it wou…

“You know what, if you won the lottery – Yes, I’m gonna say it: 5% in Bitcoin,” Cramer said Thursday night on his Mad Money program. His advice came with a few caveats: Don’t buy it all at once, don’t buy it on the weekend. “Crypto could be incredibly volatile,” he said on a day when BTC tanked 13%.

According to data fetched by CryptoQuant, a South Korea-based blockchain analytics firm, Bitcoin miners at Chinese mining firm F2pool started the massive sell-off that crashed the BTC/USD exchange rate by almost 20 percent in just less than 24 hours. CryptoQuant deduced the mining pool’s act as the main catalyst that slumped its price from $35,498 to $28,732 in just 24 hours. Meanwhile, New York-based cryptocurrency investment firm Grayscale Investments purchased more than $600 million worth of BTC this week, especially as the price was heading lower.

Most posts from a previous topic that dealt with organ transplants/harvesting have been moved here. The previous topic is linked below: https://www.theworldnewsmedia.org/topic/87833-the-wests-war-of-words-against-china-starting-with-the-uyghurs Another new topic about Socialism and Communism will be posted elsewhere, in case anyone wishes to discuss those political ideas, too.

I like his point about one being available to the entire world while the other to those with a brokerage account. Nailed it!

Documentary about the cryptocurrency Bitcoin: Bitcoin: Beyond The Bubble - What is Bitcoin? With the advent of Bitcoin, the world's premier digital currency, for the first time in history money is no longer controlled by banks or governments, but by the people who use it. Bitcoin: Beyond The Bubble (2018) Director: Tim Delmastro Writer: Tim Delmastro Stars: Jeff Berwick, Catherine Austin Fitts, Trace Mayer Genre: Documentary | Short Country: Australia Language: English Release Date: 1 May 2018 (Australia) Storyline: What is Bitcoin? With the advent of Bitcoin, the world's premier digital currency, for the first time in his…

Quote: “It’s a new model for society we’ll be testing.”—Marc Lore, founder of Jet.com and Walmart e-commerce chief. He’s leaving to focus on building “a city of the future.” Did Henry Ford try this back in the day as well?

WIRED

Gemini is a US cryptocurrency exchange and custodian founded by Tyler and Cameron Winklevoss, who, thanks to The Social Network, need no introduction. Last week, the startup announced it’s launching a credit card with crypto rewards. The Winklevii also hinted that they are considering a public offering for their exchange.

The government has also had to impose short term shutdowns of authorized Bitcoin farms to prevent further strain on their power grid. This follows a major move in January 2020, where the Iranian government began issuing cryptocurrency mining licenses to operators. https://thedailychain.com/reports-iranian-police-seize-45000-illegal-bitcoin-miners/ In Iran you don't get a hold of 45k asics without going through the gov. The miner must of fallen out of favor by not paying his bribes and was disappeared

Money is simply a tool that humans use to move value across space and time. Fiat currencies were clearly designed to be spent. Wanting to save the fruits of your labor with a fiat currency is totally foolish. https://medium.com/in-bitcoin-we-trust/optimized-for-moving-value-across-space-and-time-bitcoin-fixes-the-flaws-of-gold-and-fiat-3a637ef66e51?sk=d942de190ffed45ba8f5d3dfd601c79a

Gary Gensler, who led the Commodity Futures Trading Commission during the Obama administration from 2009 to 2014, will be President-elect Joseph R. Biden's nominee to lead the Securities and Exchange Commission. Rohit Chopra, the former assistant director of the Consumer Financial Protection Bureau, has been chosen to run that agency. It is rather good news to have someone in this position who understands Bitcoin and how important it will be to the world of the future. It remains to be seen whether this will translate into favorable regulation.

https://www.coindesk.com/is-bitcoin-in-a-bubble "So, anyone saying that bitcoin is in a “bubble” is making a judgement call on its intrinsic value. But they never (not that I’ve seen, anyway) share their calculations or even reveal the number that they’re thinking of."