,
8 tweets,
7 min read
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1/ #bitcoin moves, and of course the world wants to know why 🤷🏽♀️
expanding on my thoughts shared with @MelissaLeeCNBC and crew @CNBCFastMoney👇
expanding on my thoughts shared with @MelissaLeeCNBC and crew @CNBCFastMoney👇
2/ let’s start with what’s changed since my last visit during the CRYPTO CRISIS
✅ legacy finance players are legitimizing the asset class
✅ new consumer touch points are expanding access
✅ new platforms and services are enabling institutional investment
✅ legacy finance players are legitimizing the asset class
✅ new consumer touch points are expanding access
✅ new platforms and services are enabling institutional investment
3/ real talk, in the last 6 mos:
- @NYSE @Bakkt announced $182.5M raise for bitcoin exchange, clearing & custody services
- @DigitalAssets bitcoin trading & custody set for launch
- @TDAmeritrade launching bitcoin futures
not to mention ppl like @jack are #stackingsats
- @NYSE @Bakkt announced $182.5M raise for bitcoin exchange, clearing & custody services
- @DigitalAssets bitcoin trading & custody set for launch
- @TDAmeritrade launching bitcoin futures
not to mention ppl like @jack are #stackingsats
4/ more retail investors? ✅
- it’s easier than ever to buy bitcoin with @CashApp
- @fold_app and @FlexaHQ make it easy to spend bitcoin at your favorite stores including @Starbucks, @WholeFoods & @Nordstrom
- get sats back when you shop at over 500 retailers w/ @trylolli
- it’s easier than ever to buy bitcoin with @CashApp
- @fold_app and @FlexaHQ make it easy to spend bitcoin at your favorite stores including @Starbucks, @WholeFoods & @Nordstrom
- get sats back when you shop at over 500 retailers w/ @trylolli
5/ the big boys are getting new toys too...
- at least 8 cryptos are represented on traditional exchanges now (@xbtprovider, @GrayscaleInvest, @AmunAG)
- @Bakkt physically-settled futures *supposedly* coming in july
- @CoinbaseCustody continues to expand access
- at least 8 cryptos are represented on traditional exchanges now (@xbtprovider, @GrayscaleInvest, @AmunAG)
- @Bakkt physically-settled futures *supposedly* coming in july
- @CoinbaseCustody continues to expand access
6/ with all this building happening, it’s easy to forget that two months ago we were still in the throes of winter ❄
but crypto winter did what it does best - froze out the 💩, drove consolidation , and generally flushed out the market 🚽
but crypto winter did what it does best - froze out the 💩, drove consolidation , and generally flushed out the market 🚽
7/ now, we might be seeing early signs of spring 🌸
➕ bitcoin dominant once again (>60%)
➕ finance media refers to it as an “asset” now
➕ world’s most valuable co. (@microsoft) is building digital id services on top of it
➕ cos. like @square are investing in products for it
➕ bitcoin dominant once again (>60%)
➕ finance media refers to it as an “asset” now
➕ world’s most valuable co. (@microsoft) is building digital id services on top of it
➕ cos. like @square are investing in products for it
8/ i’m not saying the winter is over, this could be one of those false springs...
but if the ETP’s on the market do act as punxsutawney phil as @fundstrat & @spencernoon have suggested before (), then things might just be trending up... 🌻☀🚀
but if the ETP’s on the market do act as punxsutawney phil as @fundstrat & @spencernoon have suggested before (), then things might just be trending up... 🌻☀🚀
