Bitcoin Crashed to 8.9k 🤯

Author

Mr. GoBrr
March 19, 2024 • Reading Time:6 minutes

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Good Morning,

Today you're going to learn how to scrape together some pennies for launching your very own meme coin, and then, how to set them ablaze... 🤣

Sounds exciting, doesn't it?

So, today on Money Printer Go Brrr newsletter:

  • Bitcoin Flash Crashed to $8.9K; 🤯

  • Slerf dev accidentally burns $10M; 

  • Japan's government pension investment fund explores investment in Bitcoin;

BTC and ETH
BTC flash crashed

BTC flash crashed

Imagine having some forgotten buy orders and waking up in the morning to see profits because the price of BTC suddenly dropped below $10,000 🥳

  • Late Monday, Bitcoin (BTC) briefly crashed to as low as $8,900 on BitMEX, while prices on other exchanges remained above $60,000.

  • The price plummeted within two minutes and quickly rebounded to $67,000 in the following ten minutes.

  • Twitter opinion is that, someone sold more than 850 BTC ($55.49 million);

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Slerf dev accidentally burns $10M;

The biggest lie when it comes to altcoins is that they are decentralized. 

Often, they are centralized in the hands of irresponsible, amateurish individuals who aim to profit from the gullible.

This is also the current situation with Slerf.. 👇

  • The developer raised 535,000 Solana tokens to launch the a meme coin;

  • Accidentally burnt $10.4 million worth of Solana tokens while trying to clear their wallet.

Slerf tweet

Slerf tweet

Imagine this scenario:

→ you gave him your hard-earned money and then, he just burned it.

$10 million has vanished due to carelessness 🤦‍♂️

I would bet that this person isn't even a developer.

He created the coin using various freely available tools with the aim of enriching himself at the expense of the naive...

That's why you have to be very cautious about investing in meme coins..

The world's largest pension fund managing over $1.5 trillion in assets has announced it will explore diversifying a portion of its portfolio into Bitcoin.

  • The GPIF is seeking knowledge on these assets and how they fit into overseas pension fund portfolios;

  • The GPIF, managing pensions for over 67 million Japanese citizens, it already diversified into real estate, infrastructure, and private equity.

  • Japan's new laws allow investment funds to hold Bitcoin directly, indicating a trend towards legitimizing Bitcoin.

  • With GPIF's vast financial resources, even a small allocation to Bitcoin could significantly affect prices and further validate Bitcoin.

3 things you should know:

Meme Of the Day

MEME of the day

MEME of the day

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.