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[thefool]

A historic day.

From funny computer money to spot bitcoin ETFs listed on US registered securities exchanges.

 

[thefool]

Actually....

 

[SJRB]

2024 has been a rollercoaster so far, Jesus Christ.

 

[Go_Ly_Dow]

Actually....

Coordinated pump and dump.

 

[Sushi_Combo]

Well that was quick.

 

[Little Mac]

Strange how the account was "hacked" but then the tweet was deleted almost immediately.

 

[thefool]

Past Gary tweets are kinda funny

 

[Vicetrailia]

Past Gary tweets are kinda funny

That won't protect them against Elon Musk authorizing it.

 

[FullMetalx117]

BTC already essentially legitimate due to mindshare. BUT I think there will be some consequences in Wall Street legitimizing it we may not see coming. There are dangers tying an asset like this directly to U.S. financial system.

There are countries that have BTC as their national currency now such as El Salvador. Turkey, for all intents and purposes, is transitioning to BTC - if you go to Istanbul airport every terminal has BTCTurk on it. And I think there are still a few whales that happen to control most of the supply. Turkey is probably doing this because of their inflation problem. Countries that have adopted as their national currency aren't exactly doing that great. Will this somehow lead to less purchasing power for U.S. citizens and increase in purchase power for Turkish/El Salvador citizens? Short term euphoria, long term consequences is the name of the game and there is no shame in THIS game.

 

[thefool]

After yesterday's SEC fuckup, it's finally confirmed.

SEC Approves Bitcoin-Spot ETFs in Milestone for Digital Assets

US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond.

SEC Approves Bitcoin-Spot ETFs in Milestone for Digital Assets

US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond.

www.bloomberg.com

 

[Larogue]

Hal would be proud

 

[AJUMP23]

Rough day for the bitcoins.

 

[ThatStupidLion]

 

[Chittagong]

let the roaring twenties finally begin!

 

[Revoh]

wen lambo?

 

[EverydayBeast]

Who is bit coin for? It could hold value but there's so many variables for the downfall of a digital currency.

 

[Griffon]

Is Bitcoin proof of stake yet or does it still require super-computer amounts of GPUs?

 

[Revoh]

I prefer monero for actual digital currency, to pay for stuff, etc, although bitcoin is better as a store of value.

 

[Little Mac]

Sorry I can't hear you all over my lambo's engine …

 

[Jeff Spicoli]

HODL

 

[thefool]

Who is bit coin for? It could hold value but there's so many variables for the downfall of a digital currency.

For whoever wants to hold a digital asset with limited supply that you can send to anyone worldwide (or access it) as long as you have a broadband connection.

Is Bitcoin proof of stake yet or does it still require super-computer amounts of GPUs?

It still requires massive amounts of GPU's. Ethereum is the protocol that moved to proof of stake.