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Why Bitcoin is valuable, according to @BlackRock, the largest asset manager: đž Only 21M Bitcoins can ever exist. đž Being digital and not tied to any country, it can be transferred quickly. đž It's decentralized, making it the first money system open to all. Pretty epic.
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In the last month: đž Rates got cut by 50 bps đž Trump made his first BTC transaction đž $BTC balance on exchanges is at a 12 months low Next up: đž US elections đž FTX $16B cash repayment Up only season is coming đ
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BTC vs. M2 M2 measures the global money supply. More money in the system means a bigger flow into crypto. Check out this M2 projection alongside BTC's current performance đ It seems we're about to hit it off đ
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