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โœ…Bitcoin price reaches $65,500, approaching its highest level ever โ–ซ๏ธโœ…Liquidation in Bitcoin positions reached $59.27 million over the past day, with open interest in Bitcoin futures reaching a record high of $27.53 billion. Spot Bitcoin ETF assets, led by BlackRock's IBIT, which reached $10 billion, saw a significant rise, totaling $73.91 billion as of March 1. #Write2Eam #BTC/USDT:
โœ…Bitcoin price reaches $65,500, approaching its highest level ever
โ–ซ๏ธโœ…Liquidation in Bitcoin positions reached $59.27 million over the past day, with open interest in Bitcoin futures reaching a record high of $27.53 billion.
Spot Bitcoin ETF assets, led by BlackRock's IBIT, which reached $10 billion, saw a significant rise, totaling $73.91 billion as of March 1.
#Write2Eam #BTC/USDT:
๐Ÿšจ Total crypto market cap has reached $2.5 trillion, with #Bitcoin making up half of it ๐Ÿš€๐Ÿš€๐Ÿš€
๐Ÿšจ Total crypto market cap has reached $2.5 trillion, with #Bitcoin making up half of it ๐Ÿš€๐Ÿš€๐Ÿš€
๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ Doge ๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿ’ฅ๐Ÿ’ฅ๐Ÿ’ฅ #DOGEUSDT
๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ Doge ๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿ’ฅ๐Ÿ’ฅ๐Ÿ’ฅ
#DOGEUSDT
๐Ÿ”ฅWhy why did Satoshi choose the 21 millionth Bitcoin?๐Ÿ”ฅ From the correspondence that was recently revealed; Satoshi's answer was that choosing the number was just an "educated guess." Satoshi did not look at Bitcoin as a single unit (21 million coins), but rather looked at its smaller units that we now call Satoshi. (100 million satoshi per coin). Why? Satoshi wanted to model the economic system of Bitcoin similar to the economic system of fiat currencies - of course without the disadvantages such as inflation, unlimited printing, etc. - because he expected a scenario in which Bitcoin would be used as part of payments for global trade. If this scenario occurs, there must be a sufficient number of โ€œunitsโ€ to facilitate the use of Bitcoin as a means of payment, and at the same time there must not be a huge number of โ€œcoinsโ€ to maintain the value of the currency relatively if the scenario fails. Satoshi gave the example that if 0.001 BTC = 1 EUR, then the decimal point could be swapped backwards, so that we say 1 BTC = 1000 EUR. This implicitly confirms what I mentioned in the attached tweet, which is that Satoshi took into account the amount of cash present in the world at that time (M1)... and represented it in the form of units of Bitcoin (Satoshi), and at the same time he kept the number of currency supplied as a limited number. It swells. (21 million coins). #Write2Eam
๐Ÿ”ฅWhy why did Satoshi choose the 21 millionth Bitcoin?๐Ÿ”ฅ
From the correspondence that was recently revealed; Satoshi's answer was that choosing the number was just an "educated guess."
Satoshi did not look at Bitcoin as a single unit (21 million coins), but rather looked at its smaller units that we now call Satoshi. (100 million satoshi per coin). Why?
Satoshi wanted to model the economic system of Bitcoin similar to the economic system of fiat currencies - of course without the disadvantages such as inflation, unlimited printing, etc. - because he expected a scenario in which Bitcoin would be used as part of payments for global trade.
If this scenario occurs, there must be a sufficient number of โ€œunitsโ€ to facilitate the use of Bitcoin as a means of payment, and at the same time there must not be a huge number of โ€œcoinsโ€ to maintain the value of the currency relatively if the scenario fails.
Satoshi gave the example that if 0.001 BTC = 1 EUR, then the decimal point could be swapped backwards, so that we say 1 BTC = 1000 EUR.
This implicitly confirms what I mentioned in the attached tweet, which is that Satoshi took into account the amount of cash present in the world at that time (M1)... and represented it in the form of units of Bitcoin (Satoshi), and at the same time he kept the number of currency supplied as a limited number. It swells. (21 million coins).
#Write2Eam
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๐Ÿ‘€Close and open and you will see that the profits from Bitcoin mining have been split and Bitcoin is being traded at $100,000. โ—๏ธ Do not underestimate the speed at which Bitcoin can reach 100,000, it will be very fast.
๐Ÿ‘€Close and open and you will see that the profits from Bitcoin mining have been split and Bitcoin is being traded at $100,000.
โ—๏ธ Do not underestimate the speed at which Bitcoin can reach 100,000, it will be very fast.
Currently there is only 11.8% of Bitcoin supply on exchanges and it is decreasing every day. When will we see zero?
Currently there is only 11.8% of Bitcoin supply on exchanges and it is decreasing every day.
When will we see zero?
Today marks exactly 14 years since the iconic Bitcoin logo was unveiled.
Today marks exactly 14 years since the iconic Bitcoin logo was unveiled.
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#Write2Earn
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