How Central Banks Are Embracing Bitcoin Today
Explore the evolving landscape of Bitcoin, where major financial institutions like Goldman Sachs are investing in crypto and notable central banks are investing in Bitcoin firms. Discover the economic implications of these trends and their historical context.
π΅ Welcome to BTC Insights, the Bitcoin newsletter for investors.
π Bitcoin Price - 3 Months
π‘οΈ Bitcoin Temperature
The latest Bitcoin Temperature is now available on my website. It is updated every Wednesday.
This article explains how to use the Bitcoin temperature to make your Bitcoin investment decisions.
Be greedy when there is fear in the market and fearful when there is greed.
π Insights
- The Bitcoin price consolidation seems to be getting closer to being over in preparation for a bullish move.
π£ Announcements
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π¦Market Signals
π₯ Bitcoin Vs Other Assets - 1 Year
π ETF Flows
ETF flows have increased slightly in the last 1 month.
ποΈ Bitcoin Buzz
- WTF Happened In 1971 is a website with graphs of the economy showing the devastating effect on the world since the US exited the gold standard on August 15, 1971.
- Why Goldman Sachs is jumping headfirst into crypto (YouTube video)
- Norwegian and Swiss Central Banks own shares in Bitcoin investment company MicroStrategy. Barclays, the UK's largest bank, also owns $60m of shares.
π Today's Poll
What will be the most significant factor driving Bitcoin's price in the next six months?
- π¦ Institutional Adoption: Increased interest and investment from large financial institutions.
- π Regulatory Changes: New government policies or regulations affecting the crypto market.
- π Global Economic Factors: Macroeconomic trends, like inflation or global market instability.
Last week's result: Are you planning to increase your Bitcoin investments next month?
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See you in the next block.
Sandeep Goenka
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