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Bitcoin Dominance. pt 2
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Bitcoin Dominance. Global analysis of this cycle Pt 1
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Notice why the German government is selling bitcoins now and not waiting for the halving to continue and the price to rise. After all, everyone understands the cycle model perfectly well. and everything is very simple, we have elites who can sell pyramidally depending on status. and of course Germany is not the most important player in the world, so they are allowed to sell their reserves for 60-55 thousand. and who will take profits higher, I think you can guess $BTC
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In the USA, the crypto community supports reconsidering the cancellation of SAB Bulletin 121 The U.S. Congress will passionately consider repealing SAB Bulletin 121 for the SEC, which requires large companies and banks to note clients' cryptoassets on their balance sheets, making the process expensive and limiting services for clients who want to hold significant amounts of cryptoassets. In May 2024, a resolution to repeal the bulletin was voted on and passed in the US Senate. However, President Joe Biden later vetoed the initiative, arguing that banning the bulletin would undermine the powers of both the SEC and other regulatory agencies. $BTC
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Jerome Powell will face pressure this week from lawmakers impatient for the Fed to cut interest rates and those unhappy with its latest plan to raise capital requirements for Wall Street lenders. The Fed chairman will testify on Capitol Hill on Tuesday and Wednesday. $BTC
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Why we still early?)) 📈 Cryptocurrency theft soared to $1.4 billion in the first half of 2024 By June 24, 2024, hackers had managed to steal more than $1.38 billion in cryptocurrencies, which is more than double the $657 million stolen in the same period of 2023, according to blockchain analysts from TRM Labs. The report also indicates that the median amount of these thefts was half of what it was in the previous year. But One in four people globally have fallen victim to fraud, resulting in losses of US$1.026 trillion per year, according to the Global State of Scams 2023 report, published by the non-profit Global Anti-Scam Alliance (GASA). The report is based on survey responses from more than 49,000 people in 43 countries and revealed that almost 80 percent of respondents experienced at least one scam in the past year and 59 percent said they encountered fraud attempts at least once a month. So imagine the numbers with crypto mass adoption =) I think all because of lack education about how to use Crypto, cards and financial instruments! #CryptoNewss
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