Bitcoin
Did you know that between May and July 2024, Bitcoin experienced a significant fluctuation? In May, Bitcoin started the month at around $61,827 and climbed to close at approximately $68,005, reflecting a gain of 9.08%. However, it saw a decline in early June before rising again, with the average price in July stabilizing around $54,578 (Exchange Rates) (Switchere).
How would you like 184 billion BTC? I know, the whole point is there are only 21 million BTC, right? Well, on August 15, 2010, a bug in Bitcoin block 74638 accidentally created 184.4 billion BTC. The error was quickly fixed by Satoshi and the mining community. However, it’s a reminder that vulnerabilities can appear in even the most secure blockchains, especially at the early stages.
Bitcoin is busy retesting the $92K level… could be a potential double bottom here. Keep your eyes peeled!
🤓 Curious about Bitcoin’s monetary policy? It’s simple and fully transparent.
Bitcoin has a fixed supply: only 21 million will ever exist. New BTC is created through mining, and the reward halves every 210,000 blocks (about every 4 years). It started at 50 BTC per block, then dropped to 25, 12.5, 6.25, and now it's 3.125 BTC.
This process continues until around 2140, when the last Bitcoin is mined. After that, miners will earn only from transaction fees.
🛠Bitcoin — symbol or tool? Jack Dorsey says it’s doomed if it stays just digital gold. He believes BTC should return to its roots: fast, private, secure payments.
Today, though, it’s more vault than wallet. Maybe it’s time to change that?
Saylor’s dropping hints again—sounds like MicroStrategy’s been stacking sats this week.
“Orange is my favorite color.” 🟧👀
🧨 Jack Mallers says he and Tether are going big—aiming to scoop up as much as 5% of all Bitcoin. That’s nearly 1 million BTC.
The plan? Stack hard, move fast, and front-run TradFi before they realize what’s happening.
The long and the short is that Bitcoin is now an instrument of wealth preservation and WEB3 is the new realm of wealth creation. A few thousand dollars invested in Bitcoin has limited, yet attractive yields. However, the same amount of capital effectively deployed in WEB3 has a greater chance of providing a more substantial return.
