[CryptoButthead.com , msc, mschro, March 4, 2024] Hey there, y’all! It’s your dynamic duo, Ash and Booker, back again to dish out the latest scoop from the wild world of crypto. Bitcoin and Ethereum takin’ a breather this weekend before what looks like another leap into the great unknown. Let’s dive into the nitty-gritty, shall we?
Booker: Bitcoin’s sittin’ pretty at $63,508, and Ethereum’s not too far behind at $3,480. Seems like they’re just catchin’ their breath before the next big pump. And, as usual, the naysayers are out in full force, spreadin’ their doom and gloom. But hey, we’ve heard that ol’ song before, haven’t we?
Ash: Sure have, Booker. It’s the same ol’ tune, just a different day. These folks are like a broken record, always predictin’ the end of Bitcoin. Meanwhile, Jamie Dimon and his ilk are still stuck in the past with their measly few percent in “old school” investments. Heard the Vanguard CEO stepped down – guess he knew when to pass the baton to the new blood.
Booker: Speaking of new blood, Bitcoin and crypto are in a league of their own. A $6K jump … that’s the kind of action you just don’t see anywhere else. And those ETFs? They’re gobblin’ up Bitcoin faster than a kid with a candy bar, far outpacing the daily mined supply. Looks like that supply shock we’ve been hearin’ about is finally here.
Ash: And let’s not forget, with Bitcoin cruisin’ past $60K, the march to $70K seems all but inevitable. Are we headed for a new all-time high? Only time will tell, but the signs are lookin’ mighty promising.
Booker: Oh, and how ’bout MicroStrategy hittin’ the buy button again with a cool $155M in Bitcoin? Not to mention, Spot Bitcoin ETFs have raked in over 300K BTC, with net inflows hittin’ $6B. The big boys like Merrill Lynch and Wells Fargo are givin’ their nod to the Group of Nine Spot Bitcoin ETFs, and the demand is through the roof.
Ash: Then there’s Mike Novogratz, spoutin’ off about potential drops due to long liquidations. We’ll be keepin’ an eye on that one, Mike. And Michael Saylor? The man’s been preachin’ the good word over in Madeira at the Bitcoin Atlantis. You can bet we’re all ears.
Here’s the full recording of Michael Saylor’s talk at @BitcoinAtlantis in Madeira. Enjoy! #Bitcoin pic.twitter.com/4flSyKW90S
— Remo Uherek (@remouherek) March 1, 2024
Booker: And for a bit of a chuckle, remember Peter Schiff’s tweet back in 2017 about that client goin’ all-in on Bitcoin? Well, who’s laughin’ now, Peter? Bitcoin’s market cap’s sittin’ at a cool $1.3 trillion, with the total crypto market cap at $2.5 trillion. Talk about a wise move!
Just had a client liquidate his entire IRA to put 100% of the proceeds into Bitcoin. What are the odd this turns out to be a wise move?
— Peter Schiff (@PeterSchiff) August 29, 2017
Ash: Sergey Nazarov’s weighin’ in too, sayin’ this Bitcoin ETF frenzy’s just the start of integratin’ Bitcoin into the global financial system. And folks, with less than 7,000 blocks to go ’til the Bitcoin halving, we’re just gettin’ started.
So there you have it, friends. The crypto world’s a-changin’, and we’re just along for the ride. Be smart, be safe, stack those sats, and HODL on for dear life!
Signin’ off for now. Catch y’all on the flip side!
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Disclaimer: Yo, this is Booker your CryptoButthead talkin’, man. This article is for entertainment purposes only and does not constitute financial advice. Invest responsibly, y’all! Don’t take it too seriously. Crypto investing is serious, just like any other investments. Get real info, dude. Remember, investing is extra risky. If you don’t know, ask someone who does. This article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Furthermore the author(s) of this article may or may not hold a position in the mentioned stock or digital asset. None of the companies or organizations discussed in the above article have paid for this content. The information provided in this article should not be considered financial advice, and readers should always do their own research before making investment decisions. However, as with any investment, there are potential risks and uncertainties to consider, such as potential regulatory changes, market volatility, and competition from other players in the industry. It is important for investors to carefully monitor this stock or digital asset and its performance over time to make informed decisions about their investments. cryptobutthead dot com is a project of The SiLLC Assembly. This site is for entertainment purposes only. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances.
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