Upcoming Bitcoin halving’s effect (to 491K?!), banks racing to adopt, halving parties - Ep.82

Today’s Bitcoin news!

PRICE UPDATE:

Today’s lowest price was $65K but now we have surged up to $69K, which is an important level from history - it’s the bull cycle high from Nov. 2021. If Bitcoin rises above $69K and stays above $69K, it’s significant, indicating higher prices soon.

Historically, bitcoin’s price has performed incredibly well in the ~1.5 years after each halving. Of course, there is absolutely no guarantee that this pattern will repeat itself. 🤷‍♂️ But then again, there is also no guarantee that it won't. 👀. POST: https://twitter.com/River/status/1775913970164961474

🔸500 days since #Bitcoin hit the bear-market bottom. In 2020 Bitcoin went up 732% over the next 12 months from the same point. If Bitcoin repeats this it will hit $491K by April 2025. POST: https://twitter.com/BTC_Archive/status/1775835863152234808

ADOPTION:

NEW: Two major asset management giants, MORGAN STANLEY with $5.1 trillion in assets and UBS with $3.4 trillion, are racing to integrate #Bitcoin ETFs into their platforms within the next 10 days, per @Cointelegraph. Gradually, then suddenly! POST: https://twitter.com/SimplyBitcoinTV/status/1775858047702999519

JUST IN: Big banks are reaching out to #Bitcoin miners directly to buy #Bitcoin because of "supply shortages on exchanges" - CEO of Hut8 Mining. POST: https://twitter.com/BTC_Archive/status/1775871677261291741

ETF NEWS:

BlackRock likely to flip Grayscale by the Halving. #Bitcoin. POST: https://twitter.com/therationalroot/status/1775822790525870169

IS BITCOIN USEFUL?:

Daniel Batten: My first assessment of Bitcoin was "Speculative asset that does nothing useful but uses lots of energy.” Sound familiar? What I learnt was… POST: https://www.linkedin.com/feed/update/urn:li:activity:7181108748944355328/

VIDEO: Immutable Democracy - a documentary directed by Javier Borrayo that explores the implementation of a Bitcoin-based immutable backup solution for the 2023 Guatemalan elections. — https://www.youtube.com/watch?v=g0nnM5_Z90E

MINING IN ETHIOPIA:

🟠 Bitcoin miners hashing in Ethiopia 🇪🇹 POST: https://primal.net/e/note1sw2mfwx6gphjfm73dwsgnnk63vlpqu7x78xuavca4k8yg46lg7gqlz40wv

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