Hey Guys, Further to this message above about us being in the | Coin Bureau Insider

Hey Guys,

Further to this message above about us being in the accumulation phase according to Wyckoff method, I want to bring your attention to this wallet:

https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ

This is the 4th largest wallet in the world. It is also a non-exchange wallet which makes it the Moby Dick of whales

What's more important to note though is that this whale has been adding more BTC to if over the past few days. Today the whale picked up an additional 3,706 BTC. This is on top of all those additional buys that have been happening over the past few days.

So, have a think about this: If you sold Bitcoin in the past few weeks, this whale has been buying.

It's a wealth transfer on the blockchain. The only reason you should be selling at these levels is if you desperately need the money. And, if that is indeed the case, you broke the golden rule of investing which is to never invest more than you can afford to lose.

On top of this whale movement, you also had the news that El Salvador has now officially passed a law that Bitcoin can be accepted as a legal tender in the country. I really cannot stress how much of a game changer this is for the adoption of Bitcoin.

https://twitter.com/coinbureau/status/1402504650276982784

It's the first step that any country has taken to making Bitcoin an official currency. It's the news that should be on the front page of every newspaper.

Speaking of which, what are they talking about?

Oh right. They are busy covering that Colonial pipeline hackers and how the FBI was able to hack their wallet.

This is complete nonsense

There was no hack of a Bitcoin wallet. The Colonial pipeline hackers moved the Bitcoin through multiple wallets in order to obfuscate it.

The FBI was able to track these transactions using blockchain auditing tools (something I have talked about ad nauseum).

Eventually, the hackers moved the coins onto a wallet that was hosted on a cloud server. This was a "hot" wallet that needed the private keys to sign transactions. Therefore, the private key was on the server.

The FBI is able to easily access cloud infrastructure. They just send a subpoena to the hosting provider and bob's your uncle - they can control the server and everything on it.

This would be akin to the hackers sending the Bitcoin to a crypto exchange and the FBI sending a Subpoena there. It is completely different from cracking a private key.

To give you an idea of just how complicated it would be to crack a private key, it would require less time to mine all of the remaining bitcoin. It is a mathematical near impossibility to crack the SHA 256 algo and having done so would mean that there is a lot more to worry about than just Bitcoin.

Anywhoo, enough FUD busting. Back to my videos

Just finished recording my Mina Review and the project is mind-blowing. There were quite a few concerns I did have though.

That will be with you tomorrow hopefully