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- 🖨️ He bought 12,000 BTC yesterday... 💰
🖨️ He bought 12,000 BTC yesterday... 💰
![](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)
Goood Moorning 🥳
Bitcoin makes a new ATH.
We are 2 days away from Ethereum's largest fork since the Merge.
Princess of W(h)ales Kate Middleton posted a weird photoshopped picture and then deleted it.
Just an ordinary Tuesday.
Today on Money Printer Go Brrr newsletter:
Michael Saylor bought more BTC and..
..wants to persuade another top billionaire to do it
Bitcoin surpassed Silver’s market cap
How to buy the bottom (for advanced)💰
![Market cap](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/c037d8cb-5bab-4ea3-a708-66c2d5ed9c47/fg.png?t=1710241366)
Yesterday Saylor bought an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash.
It was just a normal Tuesday for all of us…
But not for Michael Saylor and Elon Musk.
Little did Elon know that Michael would change his life forever.
4 years ago, Michael Saylor, CEO of MicroStrategy, casually chatted with Elon Musk about getting into Bitcoin.
1 month later? → Elon buys Bitcoin → valued at $1.5 billion 🕶️
Every bull cycle, a skeptic turns believer
Now, Michael Saylor is on a mission again.
This time?
→ Bill Ackman, a billionaire of Ashkenazi Jewish descent, runs a hedge fund and has a net worth of $4 billion.
Will Ackman bite the Bitcoin? 🍪
Stay tuned. The plot thickens...
Do you think Michael Saylor will convince Bill Ackman to purchase Bitcoin? |
Bitcoin just did a mic drop by zooming past silver's market cap, reaching a cool $1.4 trillion. 🔥
🗯️ In other words, all bitcoins are worth more than all the silver in the world.
Bitcoin sits now in the 8th place on the leaderboard.
Now, it's giving the side-eye to Alphabet (yup, Google's parent), almost whispering, "You're next." 🤫
Alphabet is currently sitting at a nearly $1.7 trillion valuation.
🔥 How to buy the bottom (for advanced)
You and I both have friends who asked us:
“Did you bought that coin?”, or “Did you buy the dip?”
(and I’m like which dip… 😁 )
Imagine Bitcoin as a bustling city where every transaction is like a person taking a trip.
Now, traders, like tourists with a keen eye, are always on the lookout for signs that this city is about to become the next big vacation hotspot.
Yes, I’m talking about the on-chain activity.
That’s where the secrets lay.
The following on-chain indicators can help you buy at the bottom:
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/fd6959b9-d235-4f78-b086-52ca060a2992/image.png?t=1710232626)
→ Think of 'momentum' as a party;
→ If more people start showing up (new addresses and active entities), it means the party is getting wilder;
→ Early 2020 was like the prelude to a massive festival, hinting at great times ahead;
→ BTC new addresses momentum;
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/ec5f2168-a699-460d-837f-7c367f324222/image.png?t=1710234366)
→ When the network gets busier, like a popular club, the entrance fee (transaction fees) goes up;
→ Before 2021's big Bitcoin bash, the rising fees were like the bouncer saying, "This place is the hot ticket in town."
→ Bitcoin miner’s revenue per day
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/b1e8613d-ce4e-4c40-aa51-43c4f23c0dd2/image.png?t=1710234571)
→ Ever been in a jam during rush hour?
→ That's what happens when Bitcoin transactions pile up.
→ Late 2017 was like peak holiday season traffic, signaling a big celebration but also a bit of a squeeze.
→ Number of BTC transactions
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/b99e34e1-fe2c-4202-a9e6-ad358b2b198b/image.png?t=1710234657)
→ A jump in transactions, with fees climbing, is like everyone rushing to the beach on a sunny day.
→ The 2017 party peak was like finding out the beach is full but deciding to join anyway, only to realize maybe it was a bit too crowded.
→ Total size of transactions
💭 Reading the room (or network) can make all the difference in catching the wave or just getting soaked.
PS: don’t forget to tell your friends.
4 things you should know:
Meme Of the Day
![MEME](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/ace05586-79a4-48b6-96db-59b35b46303c/image.png?t=1710239910)
MEME
What'd you think of today's edition? |