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Almost $7B in FTX repayments start in 2 days. All in $ and not assets in the hands of crypto degens. A honest perspective: - Yes this is good and will help a little. - No, this single event won't make the entire market turn around and go up-only from here. Not all of those funds will return to the market. However, a good portion will (degens will always stay degens). A few billion isn't enough to go to Valhalla but again it will be a liquidity injection boost nonetheless (especially because there's another $10B to be credited later on as well). A full on positive reversal in the market and another leg-up is still on the table. It just won't solely come from FTX repayments as a contributing factor. But again, it helps.
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$BTC trading like a stablecoin nowadays
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🇨🇦 The National Bank of Canada and Bank of Montreal are loading up on MSTR. National Bank added $525M, while Bank of Montreal bought $790M worth of shares.
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The President of Argentina launched a meme coin...
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"GameStop, a company with no viable business plan, has thrown another Hail Mary by announcing that it might use its cash to buy Bitcoin. The irony is that Bitcoin is even more overpriced than GME," says economist and gold investor Peter Schiff.
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