Bankless ROLLUP: WSJ Lies About Crypto | SBF Testifies | Markets Pumping
9 snips
Oct 27, 2023 The hosts dive into the recent rise of Bitcoin, celebrating its nearing 18-month high while analyzing trader sentiment shifts. They tackle misinformation in mainstream media, highlighting a WSJ article’s inaccuracies regarding crypto’s alleged ties to terrorism. Amidst courtroom drama surrounding a prominent crypto figure, they explore the implications of upcoming Bitcoin ETFs. The discussion also touches on potential innovations like the Nocturne privacy tool, aiming to revolutionize crypto transactions and enhance user privacy.
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Avoid chasing pumps
- Avoid chasing pumps in the early bull phase.
- Hold high-conviction assets and let the market come to you.
War as a Bitcoin catalyst
- Bitcoin's price surge may be driven by global instability and war, not just the ETF news.
- Increased war spending weakens government bonds, making Bitcoin more attractive.
Bitcoin halving
- The Bitcoin halving, expected sooner than four years due to increasing hash power, is another catalyst.
- This event will reduce Bitcoin's inflation rate, potentially driving up demand.