#Bitcoin‬ UPDATE: $BTC is Forming the Bullish Pennant in t

Bullish

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#Bitcoin‬ UPDATE: $BTC is Forming the Bullish Pennant in the 4H timeframe. Upside Breakout from this Bullish pennant is Expected. Bitcoin looks quite Promising for $53.7K massive move. Lets see what will happen upcoming Day.

#Bitcoin‬   UPDATE:
$BTC is Forming the Bullish Pennant in the 4H timeframe. Upside Breakout from this Bullish pennant is Expected.
Bitcoin looks quite Promising for $53.7K massive move.
Lets see what will happen upcoming Day.

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💥 #bitcoinhakving Bitcoin Halving 2024 officially completed ! Say goodbye to the days of 900 BTC being mined daily, as we welcome a new era with only 450 BTC being mined per day! And reducing miner rewards from 6.25 to 3.125 $BTC

..I am really trying to understand the economics of public mining stocks. I am picking #Riot to focus on. Riot is down big, but still worth 2.1 Billion USD. That's 34,000 $BTC at current valuation. In Febuary, Riot mined 418 Bitcoin. With the halving, thats a rate of about 209 Bitcoin per month, or 2500 Bitcoin per year. Now, lets assume they don't buy any new miners, and they have completely free electricity and zero personel costs. Well for the next cycle, they mine 10K Bitcoin. The next one, 5K #Bitcoin Then 2.5K Bitcoin In other words, they only ever mine 20K Bitcoin. And that's assuming costs are ZERO, which they clearly aren't. So why would anybody choose RIOT over the 34,000 Bitcoin? I may have made a mistake here. Riot investors, help me out. Or weigh in if you have an opinion. There are 2 cases here: 1/ mining stocks are overvalued 2/ at current rate after Halving Bitcoin is heavily undervalued.

U.S. Bitcoin spot ETFs see massive trading volumes in first three days The newly Bitcoin spot ETFs in the U.S. have attracted huge investor interest, with nearly $10 billion worth of trades in just three days. The top three funds by trading volume were Grayscale GBTC with $5.174 billion, BlackRock’s IBIT with $1.997 billion, and Fidelity’s FBTC with $1.479 billion. These ETFs allow investors to gain direct exposure to Bitcoin prices without owning the cryptocurrency itself. #cryptocurrecny #BTC-ETF. $BTC

Another Joke is conforming ...... #BTC X's Safety team published a tweet that it confirms that the SEC's X account was compromised, and they have completed a preliminary investigation. Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control over a phone number associated with the SEC account through a third party. We can also confirm that the account did not have two-factor authentication enabled at the time the account was compromised. ▪ Telegram ▪ X ▪ Community ▪ Source

This Is really Some Kind Of liquidity Joke.. #BTC

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