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“Bitcoin provides something unique: invincible, irrelevant, allowed money.”
– Win to win
Question: Should the emotion be better in crypto?
I think it should be – the crypto market cap is back above $ 3 trillion, bitcoin has become part of zeitgeist, stablecoins are flourishing, institutions are here, regulators are sympathetic, mamcoin is out, is in utility.
But I can also see why it is not.
Among other things (many listed Here), It feels like the wealth that Crypto is currently producing, it is unrelated to the value he expects to distribute.
Case in case: If you bought Bearchain tokens, Bera, if you are launched in February, you are about 50% below – which is enough because people do not use the series too much (per data per data) Blockworks researchBerachain is generating about $ 500 revenue per day).
But Informal marketing Celebrates money around BERACHAN such as investment in it will somehow allow you to live the lifestyle of rich and famous – now, before the project is given.
Similarly, token2049 was reportedly a party, but from the Wall Street Journal ReportingIt seems that whatever was being celebrated was not in the form of its political influence as the utility of the crypto.
So far, the benefits of that effect have been distributed narrowly.
Theft Informed This week, for example, that “small groups of traders” bought melania tokens and earned $ 99.6 million Two and a half minutes Before it was declared publicly.
These well-informed buyers took off 81% of their tokens within 12 hours of launch-at least 90% above prices where they are now.
This kind of thing is getting disputed for anyone investing in crypto because they felt that people would use crypto.
But it is worth remembering that this is at least the old story as stock markets.
Recalling the 1870 frenzy for rail shares, Bhu srinivasan It is written that “the shareholders became rich when the rail stock went up, not when people actually used the railroad.”
When “the clarity set in financing for speculative and incomplete projects” and “the investment was frozen,” investment frenzy ended in a financial crisis.
But people ended using the railroad.
Question: What can people get to start using Crypto?
Stablecoins still look like the best bet.
On a strip annual conference Yesterday, co-founder Kolison Brothers listed Stabelines and AI as “two big tailwinds”, they hope to run the next development of “Internet economy”.
Surprisingly, stablecoins were listed Ahead AI:
I think a payment company is expected to order, but still, John Kolison made a concrete case as to why Stabecrim, AI, will lead to “high rates of building construction”.
StableCoins enable “borderless financial services”, they explained, which will also be possible to be border for small businesses.
Kolison says this is already happening: “People have been waiting since 2010 whether Crypto is for real and what you are looking with Stabelines is the real utility for the real business at a growth rate, which we have seen anything, including strip in strip.”
StableCoins are centralized, so it is not a feeling of the dreams of Cipherpank at all.
But this is the real-world utility and the world will be a better place with “high rate of brakeout company building”-so I’ll take it.
Q: Could SBF turn profit?
I think so, yes.
To take just one example, FTX Estate sold SBF’s seed round investment in Cursor, which he paid for: $ 200,000.
In the latest assessment of the cursor, she will be worth stake $ 500 million,
This is one 250,000% Return – More than Crypto, he must have returned “borrowings” from FTX customers.
A profitable fraud is still a fraud, of course.
Nevertheless, it is very fun to think that if he managed to fake it for a while, he can actually make it.
Question: Is bitcoin a risk-property or risk-handed property?
Yes.
This is a risk-But Property of this week, as all headlines have stated some versions of “Bitcoin Up” on Business deals.
This is not fully understood – people who think that things will be bad, good, because things are not expected?
But the correlation for the risk of bitcoin comes and goes and it seems that it is trending towards more risk-closure.
Here, for example, bitcoin (in purple color) is a year-to-year return, which oscillates around the return of gold (well, gold):
Was it to move forward that way, bitcoin can finally cement itself as a risk-right property in investors (which should make it more valuable).
I hope it will continue for a while and both will continue -this is still the only liquid thing that you can sell when you are nervous on nights and weekends.
But he can change.
it was Informed This week that Robinhood is developing a blockchain platform to offer American securities trade to European investors – and people like Kyle Samani and Robert Lesan think that eventually, finally, All Property will be available for trading onchain at all times.
If so, we will be able to use bitcoins to increase our short-term risks-and start using it to save our long-term people.
Question: Is there just one more thing to do bitcoin trading?
Not for those who really need it.
recently EmailThe Human Rights Foundation (HRF) highlighted the story of Koa Aung to Win, which ran away from harassment in his original Burma in 2021: “I made it in America with almost nothing – leaving a small amount of bitcoin, I had bought with curiosity once except a small amount of bitcoin.
Since then, that resistance has been promoting the use of bitcoin as a form of money: “For people living under dictatorship, it is a tool for financial autonomy and freedom,” he writes.
Aung cited an example of a recent earthquake in its original Burma: “Military Juult blocked the accessory of the most difficult areas and even started air strikes against those trying to escape, continuing their long -running patterns of blocking human and financial aid.
“When governments fail, press your people, and collapse the currencies,” they concluded, “Bitcoin provides a part of a escape. In the time of crisis, it makes it possible to help and existence.”
At least, there is something that everyone may agree to feel good.
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