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$BTC BIG BREAKING NEWS Wells Fargo (3rd largest US bank) has entered the BTC ETF arena. 2nd breaking news JPMorgan also has a spot etf brewing according to SEC filings.💪

$BTC BIG BREAKING NEWS
Wells Fargo (3rd largest US bank) has entered the BTC ETF arena.
2nd breaking news
JPMorgan also has a spot etf brewing according to SEC filings.💪

Reason for dump = new etfs?
68%
Just overleveraged people
32%
31 ψήφοι • Η ψηφοφορία ολοκληρώθηκε
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12 dead chains that wont go up as much as $BTC or worst case go down in value. If you are not near your all time high more then half way through the bull you are in trouble. None of these chains will revolutionize anything going forward. 1. Ripple ( #XRP ): Distance from ATH 85%, value per active user 1 million dollar. Fully diluted market cap of $51.6 billion despite minimal utility or adoption. Ripple keeps dumping tokens on retail, 50b dollar in escrow dumping over time. 2. Cardano ( #ADA ): Fully diluted market cap per daily active user of $65,000, last 90 days -40% active users, fees gathered -60%. TPS below 10. 3. Bitcoin Cash ( #BCH ): Fully diluted market cap of $9 billion despite minimal utility or adoption, essentially being a clone of Bitcoin. 4. Litecoin ( #LTC ): Fully diluted market cap of nearly $7 billion despite minimal utility or adoption, often seen as a silver to Bitcoin's gold. 5. EOS ( #EOS ): 95% whale concentration, meaning a small number of people hold a large portion of the tokens, leading to potential manipulation. 6. Stellar ( #XLM ): 89% whale concentration, posing similar risks as EOS. 7. Theta ( #THETA ): Fully diluted market cap per daily active user of $1.67 million, indicating a high price for minimal active users. 8. Internet Computer Protocol ( #ICP ): Fully diluted market cap per daily active user of $1.5 million, similar to Theta. Fully diluted market cap per daily transaction of $518,000, again highlighting a high price for low usage. 9. Flow ( #FLOW ): Fully diluted market cap per daily transaction of $31,000, indicating a high price for minimal transaction volume. 10. Ethereum Classic ( #ETC ): This shoulnt even exist as it's essentially a less secure version of Ethereum. 11. Bitcoin SV ( #BSV ): 95% whale concentration, similar to EOS and XLM. Do not trust the youtubers find people that does not make you their product, people that have already made their money! Feel free to comment and ill answer in more detail why your chain is useless.
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$BTC 10 Signs We're Entering a Wild Crypto & Economic Rollercoaster Buckle up, Binance fam, because things are about to get interesting in the world of crypto and beyond. Here's a breakdown of the 10 hottest events that could have a major impact on your portfolio: Uncle Sam's Borrow-a-Thon: The US government is on track to borrow a whopping $2.4 trillion in 2024. This fiscal firestorm could have major implications for the dollar and inflation. Fed Chair Powell Gets Jittery: Jerome Powell, the head honcho at the Fed, is expressing concerns about the economic outlook. This could signal potential interest rate hikes coming down the pike. Labor Market Chill: Get ready for a slowdown, because the job market is cooling down and might even freeze by the end of 2024 or early 2025. AI: Friend or Foe?: The AI revolution is upon us, but it's a double-edged sword. While it will create new opportunities, it's also likely to automate many jobs, potentially leading to unemployment. Oil on the Rise: There's a 90% chance oil will hit $90 a barrel. This energy surge could further strain the global economy. Bitcoin's Bumpy Ride: Bitcoin had a rollercoaster week, but it managed to shoot up a staggering $5,600 in just 42 hours. Buckle up for more volatility ahead! Big Money's Moving In: Pension funds, whales, and even Hong Kong are diving headfirst into Bitcoin. This institutional adoption is a major sign of crypto's growing legitimacy. DCA with Jack Dorsey: Square's CEO, Jack Dorsey, is advocating for a Dollar-Cost Averaging (DCA) strategy, suggesting investors allocate 10% of their profits into Bitcoin. Mr. 100 Makes a Splash: A mysterious figure known as "Mr. 100" made a $260 million Bitcoin buy in just 21 hours, sending shockwaves through the market. Elon Musk Tweets Crypto: The ever-unpredictable Elon Musk sparked fresh crypto buzz with a tweet about Bitcoin and the national debt. Stay tuned, Binance fam, because the coming months promise to be an exciting and potentially volatile ride in the crypto and global economic landscape!
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