Droppers of btc

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2024-01-26 11:03:01 Bitcoin Bottoming Out Between $30,000 and $35,000, Says Ex-Bitmex Chief

New Predictions: Arthur Hayes, the former CEO of Bitmex, has made a bold call on the future of Bitcoin. In his latest blog post, he anticipates a local bottom around $30,000 to $35,000.

What Triggered the Dip?: Hayes dismissed the Grayscale narrative, pointing out the net $820 million inflow into freshly minted spot ETFs. Instead, he sees an ominous sign in the Fed's possible non-renewal of the Bank Term Funding Program.

March Madness: Brace yourselves for turbulence in March, with Hayes speculating that a mini financial crisis might hit major indices. But he's not all doom and gloom, as he believes Bitcoin will rise before the Fed hits the "Brrrr button."

While volatility remains the name of the game, keeping an eye on whale movements and central bank decisions could help navigate the exciting world of crypto! Open / Comment

2024-01-23 20:07:01 Ripple Pushes Back, Says SEC's Demands Are Unjustified!

Ripple Labs is standing its ground, firing back at the SEC's latest discovery jabs in the ongoing XRP case. In a strongly-worded letter to Judge Sarah Netburn, Ripple's legal team made it abundantly clear: they won't play ball!

Late to the Game: Ripple's counsel didn't mince words, pointing out that the SEC's demands are way too late in the game. They had every chance to ask earlier, but now it's just a "Hail Mary" pass.

It's Irrelevant!: Ripple argues that the info the SEC seeks is totally irrelevant, like asking about someone's horoscope at a chess match. It's got no bearing on the crux of the matter!

Let's Play Fair!: Ripple claims the SEC is pulling a fast one, skipping the full hearing they deserve. They're not backing down, warning it could turn into a traffic jam of legal jargon.

Wallets Open, Not the Argument: Ripple doesn't shy away from its wealth, but it's not using it as an excuse. They won't cry poor to score pity points. It's about the principle, not the price tag!

Case Closed, SEC: Ripple wants the judge to toss the SEC's discovery playbook right out the window—it's burdensome and useless, no more digging for now!

As legal blows keep raining down, it seems like this courtroom tussle is far from over. Stay tuned for more dramatic developments in the Ripple vs. SEC showdown! Open / Comment

2024-01-20 17:31:02 RBI Chief Rings Alarm Bells: Warns Against Crypto Impact on Rupee

In the dynamic world of finance, Shaktikanta Das, capitan of the Reserve Bank of India (RBI), dropped some bold words at the World Economic Forum in Davos.

He highlighted the "huge risk" of cryptocurrencies, especially for emerging markets like India. The stability of our beloved rupee, he says, might just be in for a wild crypto rollercoaster ride.

Touching on the U.S. SEC's nod to bitcoin ETFs, Das sees not a party, but "significant risks." It's about our economic well-being, he reminds with a note of caution.

Das has long waved the red flag on crypto, urging India to steer clear. Cryptocurrency, he argues, is no financial asset but rather a threat to the RBI's money reins – and he's not ready to give up control!

Remember, at the end of the day, it's all about keeping the financial ship steady as she goes. Keep an eye out and navigate with care! Open / Comment

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Learn more on the Kabuni Blog and follow us on Discord, Twitter, and Telegram. Open / Comment

2024-01-14 19:24:01 Blackrock's Bitcoin Behemoth: ETF Swells with 11,439 BTC!

All Aboard the Bitcoin Train! Blackrock’s Ishares Bitcoin Trust, known as IBIT, is now a heavyweight in the crypto scene with an imposing stash of 11,439.2198 bitcoin. Valued at nearly $498 million, this ETF is nearly all in on Bitcoin, flaunting a 99.99% dedication to the digital gold.

Trading Triumphs! A savvy move by Blackrock, shifting from 50% cash balance to buying back into Bitcoin, sends a clear message – they know how to ride the crypto wave! Remarkably, just a day after this switch, the BTC price shot up to $49,000. Coincidence or whale wisdom? You decide.

Expert Moves in Whale Waters. Martyparty, a crypto enthusiast, shed light on this slick shift - spotlighting how ETF fund managers can flexibly move between cash and crypto. Talk about having your cake and eating it too!

Official Nod with a Caution. The U.S. SEC, led by Chairman Gary Gensler, might have approved 11 spot bitcoin ETFs, including Blackrock's Ishares, but don’t mistake that for an endorsement. Investors, take note – risks abound in the land of crypto.

SEC's Long-Awaited Leap. Despite the approval, SEC Commissioner Hester Peirce isn't thrilled, thinking of the lost decade of opportunities due to delayed ETF approvals. But hey – better late than never, right? Open / Comment

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2024-01-12 16:00:10 Elizabeth Warren Faces Backlash Over Criticism Of #SEC’s Bitcoin ETF Approval

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2024-01-11 16:59:01 Kiyosaki's Big Bitcoin Bet: $150K Prediction as SEC Greenlights ETFs

BTC to the Moon!
Financial guru and "Rich Dad Poor Dad" author, Robert Kiyosaki, predicts a stellar future for Bitcoin, foreseeing a $150K price tag. With the SEC's nod to Bitcoin ETFs, it's clear that crypto is no longer just a fad but an investment juggernaut.

Kiyosaki's Strategy: Buy More!
Not content to sit on the sidelines, Kiyosaki's strategy is loud and clear: "I will be buying more Bitcoin, gold, and silver." As someone who termed fiat currency as "fake dollars," he's betting big on Bitcoin, especially with the recent ETF approval.

The Golden Touch
Kiyosaki sees gold and silver as more than just shiny metals—they're hedges against the inflation bogeyman. While he predicts gold taking off, silver might dip, but for him, that just means "Time to buy more."

Crypto Visionaries Align
It's not just Kiyosaki with rosy glasses; heavy-hitters like Tim Draper and Cathie Wood also bet on Bitcoin's explosion, albeit with different numbers. $250K? $200K? The forecasts vary, but the trend is one: upward.

In conclusion, while we orbit around these cosmic financial predictions, remember, making your own investment decisions is key—whether you follow the stars or tread a different path. Keep watching the crypto skies! Open / Comment

2024-01-08 19:39:01 Bitcoin's Bumpy Ride: Former Bitmex Chief Eyes a Rocky March

Ready for a rollercoaster, crypto enthusiasts? Arthur Hayes, former CEO of Bitmex, shared his crystal ball predictions on Bitcoin. The spotlight's on a potential 30% BTC nosedive, so buckle up!

In a buzzing Medium post, Hayes pointed to March as the colliding point for three titans. The Fed's repo operations might hit $200 billion, and everyone's asking, "What's next?" You can feel the anticipation; it's like waiting for a Marvel movie twist!

On March 12, imagine banks in a scavenger hunt for cash due to the Fed's reverse repo games. Add a dash of mystery on whether the Fed will cut rates later in March, and you've got a Wall Street sequel better than the Wolf himself.

But here's the kicker: spot bitcoin ETFs could stir the pot even more. If Uncle Sam's SEC gives the green light, we might see Bitcoin flirt with its previous highs before a potential rug pull. Drama much?

Hayes isn't just a bystander; he's got skin in the game with a fat portfolio where bitcoin and ether sit cozy at 70%. And what do you do if you want to hedge your bets? You dance with crypto derivatives, even if they have the liquidity of peanut butter in winter.

As March 12th lurks around, Hayes' prophecy sets the stage for a market shakeout. If he's on point, we might watch Bitcoin do the limbo – how low can it go? Open / Comment