10/ There are many reasons to be bullish on @Stacks and see how we will come out of this bear market on top
- Nearly $500M capital going into startups, apps, grants, etc
- Hyperchains live on testnet
- Tech for STX triggering BTC transactions almost rdy
- New talent coming in
Some context on recent bitcoin obituaries. Since February 2020 (pre-COVID) here are returns for the following:
Dow: 11%
Gold: 16%
S&P: 21%
NASDAQ: 25%
Bitcoin: 205%
Bitcoin could fall to $13,000 USD & still be the best performer on this list.
Bitcoin has struggled in recent weeks as inflation remains elevated even with central banks in rate-hiking mode.
The tendency to trade in line with stocks means crypto traders are now closely watching economic indicators trib.al/2L9qbWi
60% of the $ value of bitcoin traded last week was from people selling BUT 86% of traders in long-term accounts were actually buying 👀
TLDR; a few large sells, a lot of small buys
@BrainHarrington digs into this week's Retirement Report 👇
GM #Stacks community.
Many of the community bought some more #BTC & #STX given the recent crypto prices.
We are here for the long term & will keep building, this is why many are confident & scooping more at these prices.
1/ Stacks hyperchains are going live on testnet imminently
This will allow Solana-like speeds for apps on top of @Stacks and #Bitcoin
Hyperchains DLCs [secret project]
Are the three core-tech final bosses in the Bitcoin coup of Web3
Want to know more? You got it
👇🧵
Let’s zoom out to see the big picture…over a 12 month period:
➡️Netflix down 61%
➡️Cathy Wood’s flagship ARK fund down 57%,
➡️Robinhood down 72%
➡️Coinbase down 75%
➡️ #Bitcoin down 41% even after the $UST meltdown
@Stacks is built on granite, not on sand. Bullish!
Massive inflows for the Canadian #Bitcoin Purpose spot ETF. 🔥 6.9k $BTC have been added to the fund yesterday. By far the biggest inflow we have seen (2nd largest was 2.9k BTC). AUM is at a new all-time high of 41.6k BTC.
Someone bought that cheap bitcoin. 💪
✅ Bear markets filter out short term people.
✅ People who remain are long-term purist.
🤝 Winters aren’t bad for Crypto
🏗️ Building through a bear market
📺 Watch the full webinar with @muneeb & @br_ttany on smart crypto moves in a bear market:
youtu.be/mfUic4KFA0U