Sirwin
Sirwin

04 Mar: New All-Time High!


"Everything has been figured out, except how to live."
-Jean-Paul Sartre

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Top Performing Assets (24 Hours): $DOGE 13.06% | $ADA 6.62% | $XRP 4.07%

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Happy Monday Folks! Bitcoin is trading up at a whopping $65,055 and up from $51,081 a week ago. This time is definitely different.

TIME MACHINE

Couple of weeks ago, Bitcoin struggled a bit but I believe it found it's footing and is pushing higher once again. Edward Snowden calls Bitcoin the "most significant monetary advance since the creation of coinage."(3)

Last week, we continued to hear a lot about the emails from Satoshi and getting a better sense of what he thought as he created Bitcoin. The news continued to be focused on the hack of MicroStrategy's X account which lead to $440K in Crypto being stolen.(6) Meanwhile they slam the buy button once again to the tune of $155M!(6) 

Top Performing Assets Last Week (24 Hours): $ETH 4.04% | $DOGE 3.41% | $SOL 2.44%

CURRENT NEWS

Over the weekend, a lot of voices continues to be wildly bullish on Bitcoin's forecast and most believed its headed toward all-time high before the halving. We have a powerful week of economic reports this week which should bring crazy volatility to the market.

Bitcoin popped above $65K(2) and has in fact surpassed new all-time high against the Euro and will do the same in USD this week I believe. 97% of $BTC wallets are now in profit. It's possible that Qatar is the nation that has now added $BTC to its balance sheet if Max Keiser is correct. GBTC outflows pass $550M as Bitcoin nears $67K. 

PlanB believes it's time for face melting FOMO however, his S2F model is a bit flawed unlike Giovanni Santostasi’s power law model which projects that $BTC will get to $120K in 2025 and over $10M by 2045. Mike Novogratz sees "tremendous global demand for Bitcoin...there is a new army of buyers." Cathie Wood still says $BTC price will explode to $1.5M. 

Meanwhile, Crypto short sellers losing $110K per minute.

It's highly unlikely that we will get an $ETH ETF from the SEC this year. 

Tether holds position #3 solidly as it now has crossed over $100B in market cap and have implemented a plan to ensure it's stablecoins are protected in the event the blockchain becomes unresponsive.(2) 

MID-DAY

Bitcoin (BTC) is on track to reach an all-time high before the end of the week, according to Markus Thielen, research director at cryptocurrency research firm 10x. Open interest is at an all-time high as $3B is added in 24 hours. IF Bitcoin decides to pull back after the halving - make sure you have some dry powder to deploy because after that - it's off to the races again. William Quigley, co-founder of Tether, says Bitcoin could rally toward $300K if $69K is exceeded.

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Podcasts of the Day: What Satoshi Got Right About Bitcoin's Future | NLW

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TheCryptoCurator
TheCryptoCurator

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


The Crypto Curator
The Crypto Curator

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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