Bitcoin Price Thread

[Tokenz]

Lol looks like no one is giving him the answers he wants as he desperately tries to get a reaction out of someone so he doesn't look stupid.

Sorry bud, its too late for that. Not today

 

[Covertibility]

Explained: El Salvador’s contentious bitcoin-backed Volcano Bonds


Bitfinex ensures that Tether will be accepted as a funding source
In Bitfinex’s statement on the Digital Assets Issuance Law, it expected the use of renewable geothermal energy to attract investors interested in Environmental, Social, and Governance (ESG) investing. Environmentalists have frequently criticized Bitcoin’s energy usage despite a report indicating that more than half the energy used for bitcoin mining comes from sustainable sources.

Controversial digital asset exchange Bitfinex will provide infrastructure services for the Volcano Bond. It refers to the bond as a ‘Volcano Token,’ indicating that it expects the bond to exist as a digital token on a blockchain. Volcano Bonds will accept funding denominations in bitcoin, USD, and — critically — Tether.

It looks as if El Salvador’s Volcano Bonds will be a great way to whitewash Tethers by swapping them for a government-approved debt issuance.


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So the whole point of this boondoggle is to launder Tethers.

 

[Frederick Foresight]

Hamas has stopped accepting donations through BTC but they still accept fiat. They don't trust crypto, they don't want it. Hell no sensible company puts that garbage on the balance sheet. Was imaginary too strong a hurty word?

I think the GAAP term is "intangibles."

 

[Frederick Foresight]

Explained: El Salvador’s contentious bitcoin-backed Volcano Bonds


Bitfinex ensures that Tether will be accepted as a funding source
In Bitfinex’s statement on the Digital Assets Issuance Law, it expected the use of renewable geothermal energy to attract investors interested in Environmental, Social, and Governance (ESG) investing. Environmentalists have frequently criticized Bitcoin’s energy usage despite a report indicating that more than half the energy used for bitcoin mining comes from sustainable sources.

Controversial digital asset exchange Bitfinex will provide infrastructure services for the Volcano Bond. It refers to the bond as a ‘Volcano Token,’ indicating that it expects the bond to exist as a digital token on a blockchain. Volcano Bonds will accept funding denominations in bitcoin, USD, and — critically — Tether.

It looks as if El Salvador’s Volcano Bonds will be a great way to whitewash Tethers by swapping them for a government-approved debt issuance.


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So the whole point of this boondoggle is to launder Tethers.

 

[johnarb]

With the Bitcoin halvening less than a year away and the bull market top to be 12-18 months after that...

My price prediction for top price of this cycle at around $500k/btc in 2025 and the bear market low afterwards to be around $150k/btc

After this cycle,, owning a whole bitcoin will be a choice for the average investor between investing in real estate or bitcoin

NFA of course

https://twitter.com/x/status/1663495523389562881

 

[The_Krakenite]

$500k/btc in 2025

I would put this as as long-tailed only. I've got some LONG CALLs for mini-lotto tickets, but I'm ok with just making a few bucks here and there. A much fatter-tail, is that the EU ends up banning PoW cryptos again. That's BTC that would get the axe first, with many other tree-hugging snow-flake nations soon following to ban BTC because 'It hurts the environment!'

 

[NoahA]

I would put this as as long-tailed only. I've got some LONG CALLs for mini-lotto tickets, but I'm ok with just making a few bucks here and there. A much fatter-tail, is that the EU ends up banning PoW cryptos again. That's BTC that would get the axe first, with many other tree-hugging snow-flake nations soon following to ban BTC because 'It hurts the environment!'

I predict that going forward, what governments say will be less and less important. If these so called western democracies want to remain relevant, they will have to give in to the demands on the people. The current wokeness and all the bullshit that comes with this is only temporary. The choice will be to either go the direction of North Korea and essentially kill your country through suffocation, or give in to the demands of the masses for freedom.

These Western Governments will not be able to keep things together when shit hits the fan as they have nothing to offer anymore. On the other side of all this bullshit will be a better world, and governments will have a smaller role.

Thirst for money drives everything... its even more powerful than God! When fiat dies, so too will the power gained from it.

 

[Frederick Foresight]

I predict that going forward, what governments say will be less and less important. If these so called western democracies want to remain relevant, they will have to give in to the demands on the people. The current wokeness and all the bullshit that comes with this is only temporary. The choice will be to either go the direction of North Korea and essentially kill your country through suffocation, or give in to the demands of the masses for freedom.

These Western Governments will not be able to keep things together when shit hits the fan as they have nothing to offer anymore. On the other side of all this bullshit will be a better world, and governments will have a smaller role.

Thirst for money drives everything... its even more powerful than God! When fiat dies, so too will the power gained from it.

So now you're wrapping Bitcoin in the flag and blaming "wokeness?" Running low on argument ammo?

 

[Tokenz]

Hong Kong is about to open it's doors to retail investors in less than 24 hours.

This should be interesting

 

[NoahA]

So now you're wrapping Bitcoin in the flag and blaming "wokeness?" Running low on argument ammo?

Many of the current societal and financial problems are a direct result of broken money. With hard money, much of this bullshit would never be possible.