THELOGICALINDIAN - Can annihilation stop bitcoins bullish run
Bitcoin continues to baffle the odds, the critics, and the hackers, as the crypto apple turns its absorption to Consensus 2024 in New York. Despite a agitated anniversary or two, the OG crypto looks added bullish than it has for a continued time.
Neither A Hack Nor A Button Can Keep Bitcoin Down
There is never a addled moment in crypto. But as bitcoin continues to see off cerebral barrier afterwards cerebral barrier, alike its best agog advocates could be absolved for actuality appreciative of the animation of the world’s aboriginal appliance of blockchain technology. Influential CryptoTwitter broker @DoveyWan absolutely seems to be:
Binance, the world’s better exchange, suffered a aegis aperture on Tuesday, with 7,074 BTC now beneath the ascendancy of the world’s best actively beheld wallets. That was alone canicule afterwards abiding bitcoin carper Warren Buffett compared bitcoin to a button in an interview with CNBC.
Buffeted on all abandon indeed… the carnality administrator of the multi-billion dollar aggregation – which owns a ample pale in Wells Fargo (a coffer that again defrauded customers) – declared crypto advocates as followers of Judas Iscariot, acutely blind that foreclosing on the homes of bodies who accept done annihilation amiss ability be advised a added cogent betrayal of assurance than affairs Bitcoin.
Bitcoin is now eyeing off $6,400 as its bullish drive continues.
Caught Between A Rock And A Howey Place
Yesterday, Congressman Brad Sherman alleged for cryptocurrency to be banned in the US. His account partly lies in his altercation that the absolute US dollar lends the country a acceptable allotment of its power.
https://www.youtube.com/watch?v=Cnz2oo8MRas
Sherman himself has avant-garde his anti-crypto anecdotal for some time; actuality at Crypto Briefing we were the aboriginal to note that his above donors are in the business of money. Lots of money.
And admitting his cartoonish antics, Bitcoin is up about bristles percent over 24 hours at columnist time.
Also yesterday, SEC Commissioner Hester Peirce, the alleged Crypto Mom, issued an apology, of sorts, to the crypto community. She criticized the regulator’s affirmation on inaction, a abridgement of clarity, and the clumsy appliance of circa-1946 balance laws to modern-day agenda assets as “heel-dragging”:
Bitcoin is up about ten percent for the week.
Will Any Mud Stick?
We are alone two weeks from account the New York Attorney-General’s appointment was investigating Tether and Bitfinex for aggravating to adumbrate $850 actor in losses at the afflicted exchange.
The New York AG alleges the barter has been application barter in the state, area it is not accountant to operate, and wants to see abstracts dating aback to 2015.
Meanwhile, Bitcoin has climbed to six-month highs.
It is attenuate in the crypto apple to see an boring week. But this one, (like the one above-mentioned it), has been decidedly volatile.
As the association swings its absorption to New York City for Consensus 2024, Bitcoin has apparent off all the challenges to its legitimacy, viability, security, and legality, agilely accomplishment its way to new annual highs.
As a crypto apostle who has been abnormally declared as stupid, traitorous, criminal, and so on this week, I accept a able bulletin for the Bitcoin naysayers.
Fuck off, and I’ll see you on the far ancillary of the moon.
