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Bitguide
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The official Bitguide telegram channel. Visit www.Bitguide.io for bitcoin educational resources.
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MicroStrategy has purchased an additional 12,333 #Bitcoin ($347 million)

Their cost basis is $29K
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Menu from Murray’s. New York in 1905. Prices are in cents.

Cent prices in 1905 = Dollar prices today
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Forwarded from Deleted Account
again
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A comprehensive thread on the SEC’s thinking on spot Bitcoin ETFs

https://twitter.com/sgjohnsson/status/1674910704468410373?s=46&t=6I9aEqV-RwcladB-FBo9kg
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ISM Mfg 46.0, Exp. 47.2, Last 46.9

Everything contracting:
- Production
- New orders
- Backlog, inventories,
- Prices , and even
- Employment (48.1, Last 51.4)

The slow-down has worked its way from new orders to prices to backlog and at last to employment
JUST IN: BlackRock has re-filed for spot bitcoin ETF, the resubmission was dated 6/29, Nasdaq just posted tho. They just added Coinbase like everyone else.
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We joined Nostr 💜
Public key in the next message!
npub1as5v2y7z8lhtad3jx04u2cj4u4j82565h0twh2avkzsyntrzhz0qankkzd
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Larry Fink, @BlackRock CEO, explaining Bitcoin as the alternative neutral global reserve asset

"Instead of investing in gold as a hedge against inflation, a hedge against onerous problems of any one country or the devaluation of your currency… whatever country you are in … Let’s be clear. Bitcoin is an international asset, its not based on any one currency. So it can represent an asset that one can play as an alternative."

We've come a long way since the "index of money laundering"
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BG#17 - Monetary Policy, Systemic Inequality & the Sly Round-About Way to Fix it with Ulric Pattillo

New episode is out!

Ulric Pattillo is a writer and a Bitcoin advocate. In this conversation, we review his contributions, our recent substack article on how monetary policy produces systemic inequality, and Bitcoin as the technology to opt out.

Youtube | Spotify | Substack
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Blackrock’s effect on Forbes Bitcoin articles.
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Bitguide
Inflation peaked in June 2022 Since then goods prices have steadily declined Services ex. shelter more or less steady While shelter has been up since. Shelter itself is a lagging indicator and should reflect economic slowdown towards the end of the year.
CPI: 3% YoY & MoM only 0.2% (consistent with 2.6% annualized & 2% annualized if averaging last two months)

Many fintwit gurus were caught up in the data volatility, harping on the “higher for longer” narrative. They are slowly realizing the trend is down.

Our view has been that deflationary pressures are underestimated.

Now the crowd will interpret this as “the inflation battle is won” and underestimate the recession risks.

In a few quarters, they will surprised yet again and the narrative will rapidly shift