EP 760 - The Crypto Future Is Bright?! - BAD NEWS for Jan 15, 2025

8 snips

Jan 15, 2025

Bitcoin experiences volatile ups and downs, while MicroStrategy continues its aggressive BTC accumulation. FTX prepares to distribute over $1.2 billion to affected users. The hosts inject humor into the mix as they explore existential musings and the upcoming Miami Crypto Conference. They discuss the implications of a Bitcoin supply shock and new legal challenges in the crypto landscape. Plus, geopolitical insights emerge as Tether relocates to El Salvador, sparking discussions about regulation and crypto's future amidst ongoing political shifts.

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INSIGHT

Bitcoin Flash Crash

Bitcoin's price briefly dropped to $89,000 before quickly rebounding.
This volatility demonstrates the market's reactivity and potential for rapid recovery.

INSIGHT

Bitcoin Supply Shock

Bitcoin supply on exchanges is at its lowest since 2018.
This scarcity could lead to a supply shock as demand increases.

ANECDOTE

MicroStrategy's Bitcoin Accumulation

MicroStrategy bought another 243 million dollars worth of Bitcoin.
Their Bitcoin holdings now total approximately 450,000.

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