Welcome to the Bitcoin Street Journal Bitcoin
Market Update, the podcast that brings you daily
live updates on the ever -changing Bitcoin market.
Stay informed with our in -depth Bitcoin technical
analysis as we explore the current price of Bitcoin,
BTC, market capitalization and market supply.
Get ready to dive into the world of cryptocurrency
and stay ahead of the game. In today's episode,
we'll cover Bitcoin reaching the $100 USD milestone,
Revolut integrating Bitcoin, a predicted bull
run, B -Trust acquiring Kala, Colorado DMV accepting
Bitcoin, the record low circulation of Bitcoin
in high spot volumes, the song Foreclosure of
a Dream by Megadeth. Inspired by the failure
of Midwest federal savings and loan, a post on
Instagram establishing Bitcoin as the apex wealth
source. and how to support the Bitcoin Street
Journal on various platforms. Can you believe
it? It's been a whole decade since people were
celebrating Bitcoin reaching $100 USD. It's amazing
how far we've come since then. I often wonder
where Bitcoin will be in another 10 years. One
thing's for sure, I'll definitely be hodling
no matter what happens. Guess what? Bitcoin has
dipped below the extremely undervalued portion
of the rainbow chart. Interesting, right? Now,
what are you going to do with this piece of information?
It's always fascinating to see how the market
fluctuates. Hold on to your hats because here's
some breaking news. Fintech Bank Revolut, with
a whopping 15 million users, has integrated Bitcoin
Segwit addresses and on -chain withdraw and receive
features. That's definitely something to be excited
about. It's great to see more companies embracing
the power of cryptocurrencies. But wait, there's
more. Co -founder of BitMEX, a major cryptocurrency
exchange, predicts that the Bitcoin bull run
will accelerate in the next six to 12 months.
That's quite a bold statement. According to the
co -founder, Arthur Hayes, our position is solid,
regardless of whether the Fed raises or cuts
rates. Looks like we're in for an exciting ride.
Breaking news again. But trust, the Bitcoin nonprofit
founded by no other than Jack Dorsey and Jay
Z has acquired Kala. an African Bitcoin and lightning
engineering training organization. This is a
major step for Btrust in expanding their reach
in Africa. It's fantastic to see influential
figures supporting and investing in the future
of Bitcoin. Starting on September 1st, Kala is
now a part of the Btrust Builders program. It's
incredible to witness the growth and development
within the cryptocurrency community. Collaborations
like this are paving the way for a brighter future.
Hold on another exciting update the Colorado
Department of Motor Vehicles has made a groundbreaking
announcement Brace yourselves folks because they
are now accepting Bitcoin as a payment option
via PayPal for renewals and registrations Can
you believe it? It's amazing to see how cryptocurrency
is gaining acceptance in various industries The
future is here Now picture this your family members
come to you and ask about Bitcoin It must be
a familiar scenario for many of us. The key here
is to ignore the noise and be careful about whom
you listen to when it comes to Bitcoin. There's
a lot of information out there and not all of
it is trustworthy. Make sure you do your own
research and educate yourself about Bitcoin.
It's crucial to stay informed in this ever evolving
landscape. In the world of Bitcoin, staying sovereign
and free is essential. This decentralized currency
empowers individuals to take control of their
own financial destiny. So keep learning, keep
exploring, and stay true to the principles of
Bitcoin. Stay sovereign. Stay free. So here's
the thing about Bitcoin. In the last 30 days,
the percentage of Bitcoin that has actually been
moving around in the market is at an all -time
low. Can you believe it? Only 5 .4 % of the circulating
supply is on the move, which means a whopping
94 .6 % is sitting dormant. It's like the Bitcoin
is just taking a nice long nap. But hey, don't
let that fool you. Just because it's snoozing
doesn't mean the market is asleep. Spot volumes
are actually reaching levels that haven't been
seen since 2019. So yeah, you could say the market
is thin right now. And when I say thin, I mean
really, really thin, like thinner than that one
slice of pizza you had for lunch. Now let's talk
about Bitcoin's inelasticity. Sure, it can be
a blessing when the price is soaring, but it
can also cut the other way when things are going
downhill. It's one of those double -edged swords,
if you catch my drift. So it's always good to
keep that in mind when you're playing around
in the Bitcoin space. All right, let's shift
gears here. We got to talk about Dylan LeClair.
He's been addressing some concerns about Bitcoin
miner fees being low. And you know what? He's
got a point. Bitcoin's limitations, if you want
to call them that, are actually part of its design.
It's not a bug. It's a feature. And there will
always be folks out there who want to tweak Bitcoin
and make it better. You know what Dylan said
that really stuck with me? He compared the Federal
Reserve to Federal Express or FedEx for short.
And let me tell you, that's quite the comparison.
The Fed might have the word federal in its name,
but it's about as federal as FedEx. So take from
that what you will. Oh, and by the way, I've
got some personal experience to share with you.
I've always believed in dollar cost averaging
when it comes to accumulating Bitcoin. And you
know what? Now I have proof that it's a good
idea. Every time I do my dollar cost averaging
thing, the price of BTC drops by $200, $300.
It's like it's giving me a little discount for
being a smart investor. So I get to buy my Bitcoins
for a cheaper price next time. Not too shabby,
right? So my friend, remember this. Bitcoin might
be taking a nap right now. but the market is
wide awake. And don't forget to keep an eye on
those minor fees. They might be low, but it's
all part of the plan. And keep on dollar cost
averaging. It's like getting a little discount
on your Bitcoin purchases. Happy investing. The
Midwest federal savings and loan, huh? That's
an interesting topic. Did you know that the Megadeth
song, Foreclosure of a Dream, is said to be inspired
by that very failure? It's true. Back in the
day, Megadeth's bassist, Dave Ellifson, actually
penned the lyrics to the song after his family's
farm in Minnesota was on the verge of financial
ruin due to the SNL crisis. If you're curious
to learn more about this whole savings and loan
crisis, it's always fascinating to delve into
these historical events and see how they've influenced
different aspects of society, like music in this
case. Now I stumbled upon an interesting tweet
that caught my attention. It's from someone called
Lopp, and they seem to be sounding the alarm
bells about banks. The tweet mentions that banks
are not going to make it and includes a hashtag
for Bitcoin. If you're intrigued, you can find
the tweet or on Noster search for atlop. Speaking
of Bitcoin, there's another intriguing statement
thrown into the mix. Someone claims that China
is getting out of something before it pops. I
wonder what they're referring to. Perhaps they're
alluding to some upcoming financial turbulence
or maybe it's related to Bitcoin again. Whatever
it is, it seems they're advising others to follow
suit and get out too. And of course, they're
urging people to jump into Bitcoin. It's all
quite cryptic, don't you think? Well, if you're
interested in exploring the world of cryptocurrency
and want to know more about Bitcoin, there's
no shortage of resources out there. It can be
an exciting and sometimes volatile realm, but
it has certainly piqued the curiosity of many.
Who knows, maybe it's worth considering the claims
and taking a closer look at what Bitcoin has
to offer. Now, it's worth noting that I'm just
providing you with some tidbits of information
based on the text you shared. This topic is quite
intriguing, but remember to do your own research
and draw your own conclusions. As with anything
related to investments and finances, it's important
to approach things with a critical eye and seek
out multiple sources of information. So, there
you have it. a glimpse into the Midwest federal
savings and loan, some musical inspiration from
Megadeth, and a sprinkle of cryptocurrency intrigue.
It's always fascinating to see how different
aspects of our world intertwine, isn't it? If
you're craving more knowledge or have any other
questions, just let me know. I'm here to help.
If you have an Instagram account, it would be
great if you could share something about Bitcoin.
I've noticed that many of my girlfriends and
associates have some interesting opinions about
it. Some of them say things like, don't buy Bitcoin,
it's from China, while others are more focused
on their 401ks. And then there are those who
simply say they don't want to get into politics
or finances. But here's what I would love to
anonymously post on Instagram. Bitcoin is like
the new 401k that won't lose its value, and it's
definitely not from China. In fact, it's governed
by everyone who owns it. I feel like these women
need to pay attention to other ways they can
ensure their family's survival beyond just thinking
about decorations and customs. Maybe we should
tell them about what happened between 2014 and
2017. It could be eye -opening for them. Let's
talk about Gensler. Some people see him as nothing
more than a government employee who hates Bitcoin.
But sometimes, hatred can blind a person. However,
timing is everything. And my prediction is that
Gensler will unwittingly become somewhat of a
hero for the Bitcoin maximalists. You see, BlackRock
won't be denied before the halving. So Gensler
will be forced to approve their ETF at the same
time as the halving, the Fed pivot, and an unprecedented
amount of fiat printing, all in an election year.
It's like a freight train that Gensler never
saw coming. This historical confluence of events
will undoubtedly establish Bitcoin as the ultimate
source of wealth without any doubts or hesitations.
So if you have an Instagram account, I really
think it would be interesting if you could share
something about Bitcoin. It's a topic that's
sparking a lot of debate and attention lately,
and it's always good to have different perspectives
and opinions. Who knows? Maybe you'll even inspire
someone to look into Bitcoin and discover a whole
new world of wealth and possibilities. Spotify,
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for listening In today's episode, we covered
a wide range of topics, including Bitcoin reaching
the $100 USD milestone, Bitcoin circulation at
a record low, the inspiration behind Megadeth's
song Foreclosure of a Dream, and the power of
Bitcoin as an apex wealth source. Stay informed
and don't forget to support the Bitcoin Street
Journal on various platforms. Thank you for tuning
in to the Bitcoin Street Journal, Bitcoin Market
Update, your go -to source for daily live, Bitcoin
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