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🚨🚨🚨 Big Bitcoin Investor from 2013 moved over 1,000 BTC worth $61M. Two Bitcoin 💰 wallets, inactive for over 10 years and 8 months, belonging to the same person and created on the same day. #cryptopm #bitcoin #cryptowhale #bitcoinwhale

🚨🚨🚨 Big Bitcoin Investor from 2013 moved over 1,000 BTC worth $61M.

Two Bitcoin 💰 wallets, inactive for over 10 years and 8 months, belonging to the same person and created on the same day.

#cryptopm #bitcoin #cryptowhale #bitcoinwhale

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Semler Scientific's Big Bitcoin Bet 🚀💰 Semler Scientific, known for its early detection products for chronic diseases, saw a massive 42% jump in shares after investing heavily in Bitcoin. They announced the purchase of 581 Bitcoins for $40 million, following a strategy similar to MicroStrategy's. 📈🪙 Chairman Eric Semler believes Bitcoin can serve as a "reasonable inflation hedge," a sentiment echoed by many cryptocurrency enthusiasts who see Bitcoin as a safeguard against inflation and economic uncertainty. 🌐💹 Michael Saylor, co-founder of MicroStrategy, which holds 214,000 BTC, noticed Semler's move. MicroStrategy’s success in adopting Bitcoin as its main treasury asset has boosted its financial stability and growth, and it's set to join the MSCI World Index. 🏆🔍 However, widespread corporate adoption of Bitcoin has been slow. Tesla and Block made notable Bitcoin purchases in 2021, but few others have followed suit. A major barrier is the current accounting rules that require companies to deal with impairment losses due to Bitcoin's price volatility. 📉💼 New accounting rules coming next year will require digital assets to be recorded at fair value, potentially making it easier for businesses to hold Bitcoin without facing large impairment losses. This change is expected to encourage more companies to consider Bitcoin investments. 📊🔄 For Semler Scientific, this Bitcoin investment is a strategic move to protect against inflation and enhance financial stability, much like MicroStrategy. This decision could inspire more firms to explore Bitcoin as a financial asset, especially with upcoming changes in accounting standards. 🌟🏢 In summary, Semler Scientific’s Bitcoin investment and subsequent share price increase highlight the growing influence of cryptocurrency in corporate finance. Following MicroStrategy's lead, Semler is positioning itself at the forefront of this financial shift. #bitcoin #CryptoWatchMay2024 #ETF #CryptoNews🚀🔥
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Argentina's Bitcoin Buzz: Overhyped? 🇦🇷💰 Rumors are swirling about Argentina fully adopting Bitcoin after talks with El Salvador, but these are just routine discussions, says an El Salvador official. 📉🤝 The election of pro-Bitcoin President Javier Milei in 2023 stirred excitement, but the reality is more measured. Although BTC payments are allowed in some contracts, Argentina isn't diving into full Bitcoinization. 🌐🪙 Photos of officials shaking hands sparked speculation, but these meetings were about standard digital asset regulations, not a leap to Bitcoin adoption. Stacy Herbert from El Salvador’s Bitcoin Office stressed that adopting cryptocurrency as legal tender is complex for a large economy like Argentina. 🗣️🇸🇻 Argentina’s high debt and economic issues make a swift switch to Bitcoin challenging. Yet, these talks could lead to better cooperation on crypto regulations, fostering a unified regulatory environment. 🌍🔧 El Salvador's experience with Bitcoin—despite a $72 million profit—shows low adoption rates, less than 2% use it regularly. This serves as a caution for Argentina, indicating a slow, careful path ahead. 📉💸 In short, recent Argentina-El Salvador discussions were routine, not a step toward Bitcoin adoption. Sensational headlines have overstated the situation. Argentina's economic challenges and the complexity of adopting Bitcoin mean a cautious approach is necessary. 🧐🇦🇷 Collaboration on crypto regulations may still yield positive results, but El Salvador’s low adoption rates offer a reality check for Argentina's crypto ambitions. 🚦🪙 $BTC #bitcoin #Binance #Ethereum #CryptoNews
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The Bitcoin (BTC) 4-hour chart you've shared does indeed show a symmetrical triangle pattern, which is a continuation pattern observed in technical analysis. The converging trendlines indicate a period of consolidation before the price potentially makes a significant move. The breakout target of **$77,000** aligns with the apex of the triangle, suggesting a bullish outlook if the breakout occurs to the upside. Here's a simplified explanation of the pattern: - **Symmetrical Triangle Formation:** - Created by drawing two converging trendlines as prices move in a sideways direction. - Upper trendline is descending, lower trendline is ascending. - Indicates a period of indecision among traders before a breakout. - **Breakout Target:** - Calculated by measuring the widest part of the triangle and extending that distance from the point of breakout. - In this case, the target is set at **$77,000**, which is a significant move from the current levels. It's important to note that while the symmetrical triangle can signal a continuation of the previous trend, it's not a guarantee. Traders often wait for additional confirmation before making a decision. Keep an eye on volume as a breakout with high volume can be a stronger signal of a true breakout. Remember, cryptocurrency markets are highly volatile and unpredictable. It's always wise to consider multiple factors and perform thorough research before making any investment decisions. Stay updated with the latest market trends and news to make informed choices. 📈💡 Would you like to know more about the current trends or news in the cryptocurrency market? $BTC #bitcoin #BTC #BTCUSDT #btc70k
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