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- 🖨️ He bought 12,000 BTC yesterday... 💰
🖨️ He bought 12,000 BTC yesterday... 💰
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)💰
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.
Twitter: Chat between Elon & Michael
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.
Bill Ackman tweet
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.
Click to be redirected to the website
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:
→ 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;
→ 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
→ 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
→ 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
What'd you think of today's edition? |