- Go Brrr - Better Crypto investor in 5 min a day.
- Posts
- Bitcoin Crashed to 8.9k π€―
Bitcoin Crashed to 8.9k π€―
![Logo](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/30dcc67b-44ef-4569-ae0f-393bf9f380df/Logo2_copy.png?t=1709791521)
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... π€£
Sounds exciting, doesn't it?
So, today on Money Printer Go Brrr newsletter:
Bitcoin Flash Crashed to $8.9K; π€―
Slerf dev accidentally burns $10M;
Japan's government pension investment fund explores investment in Bitcoin;
![BTC and ETH](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/41937529-4365-4abd-8072-436c3b1c9e9c/btc-324.png?t=1710849668)
![BTC flash crashed](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/b3563226-c579-4b82-bef3-fd7e051ccf31/image.png?t=1710846417)
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 π₯³
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);
Are you ready to take your investing game to the next level?
We empower investors like you with a daily newsletter which includes the insights needed to stay informed and make profitable decisions in the stock market.
Join Millions Who Trust The Early Bird
Discover daily recommendations
Unlock hidden opportunities
Make informed investment decisions
By receiving our #1 stock tip delivered straight to your inbox every day at 6:59 amβcompletely FREE.
Seize the Opportunity:
Join the ranks of millions of investors who trust The Early Bird. Sign up now to receive today's #1 Trade of the Day and unlock a world of exclusive benefits.
Your success in the market is just one click away!
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.. π
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.
Imagine this scenario:
β you gave him your hard-earned money and then, he just burned it.
$10 million has vanished due to carelessness π€¦ββοΈ
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](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/20fa6fb0-e71c-410f-b88d-2dd5f6c44348/image.png?t=1710849137)
MEME of the day
What'd you think of today's edition? |
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.