Bitcoin

[Poser]

Trump Crypto advisor and Nakamoto CEO David Bailey posted on X that he will purchase $1 billion worth of BTC tomorrow. He wrote: "Ever since I first encountered Bitcoin, I have dreamed of buying $1 billion worth of Bitcoin in one go. Tomorrow, that dream will come true."

With his own money or with Nakamoto money?

 

[Dan Carey]

He tried to borrow the money from me but the wife said no.

 

[fmyth]

With his own money or with Nakamoto money?

Nakamoto.

 

[Poser]

Over 200 million in Ethereum shorts liquidated on Friday. At the time of writing this, Ethereum is at $4,299. When it hits $4,400, 928 million worth of shorts will have been liquidated.

 

[stevewes2004]

Over 200 million in Ethereum shorts liquidated on Friday. At the time of writing this, Ethereum is at $4,299. When it hits $4,400, 928 million worth of shorts will have been liquidated.

F**k em


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[Silver Wings]

Over 200 million in Ethereum shorts liquidated on Friday. At the time of writing this, Ethereum is at $4,299. When it hits $4,400, 928 million worth of shorts will have been liquidated.

Doh!
That’s gonna sting.

 

[Dan Carey]

I don't like shorts or futures.

 

[Poser]

Ethereum broke $4,400 triggering another significant liquidation. If it goes 5k for a new ATH, we’re looking at 2.35 Billion dollars worth of liquidation.

 

[Dan Carey]

Bitcoin is working on one now, $125,000 for $14 billion in shorts. I'm glad I'm not in that group.

 

[Poser]

Bitcoin is working on one now, $125,000 for $14 billion in shorts. I'm glad I'm not in that group.

Who the hell is stupid enough to short Bitcoin at 125K?

 

[Dan Carey]

Enough to add up to $14 Billion, lol.

 

[MountainTracker]

Oh I need to take this…




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[fmyth]

Treasury Chief Bessent reverses stance, says U.S. will buy Bitcoin.

In a sharp reversal from remarks made just 24 hours ago, U.S. Treasury Secretary Scott Bessent now says the federal government is committed to exploring ways to acquire more Bitcoin for its Strategic Bitcoin Reserve.

In a post on X (formerly Twitter), Bessent wrote:

“Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order.

In addition, Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the world.’”

 

[Dan Carey]

Yeah, Now they are looking for a way to steal mine.

 

[Poser]

Ethereum up just under 15% in the first 4 hours of the market this morning. May very well break the ATH of $4,891 today.

The EU is considering Ethereum or Solana bloackchains for the proposed EU digital currency.

 

[Poser]

~$110,000 should likely be the bottom for Bitcoin during this sell off. If it loses support at that line, we may revisit sub 100K.

Old news as this happened back in 2021, but I didn't realize that Ethereum is the fastest major asset in history to reach a $500 billion market cap, reaching that in under 6 years since inception. Took Apple 35 years and Bitcoin 12 years to hit that metric. Ethereum is also now the 22nd largest asset in the world, recently bumping Mastercard out of that position.