Bitcoin Dead...Again. 21 Million HODLers Attend Funeral | Episode 69 Week 30

Hey there, welcome to today's show! We've got some exciting news to share in the world of Bitcoin. It's back up above 30 thousand dollars in USD. That's definitely a reason to celebrate! But hold on, it's not all rainbows and sunshine in the Bitcoin world. Rumor has it that Bitcoin is dead again, and funeral arrangements are being made. If you feel like sending flowers, Warren Buffet is the guy to contact. I wonder what kind of flowers he likes? Moving on, let's take a trip down memory lane. Remember that moment when someone held up a sign saying "Buy Bitcoin" during Yellen's testimony to Congress? Ah, good times. It's always nice to reminisce about those pivotal moments. 💥 Breaking news alert! We have reached a new all-time high in the number of addresses holding at least 1 full Bitcoin. How cool is that? It just goes to show the growing interest and adoption of this digital currency. Let's keep those numbers climbing! 🇺🇸 Today, we have an interesting development. Galaxy CEO Mike Novogratz has some insider info. Apparently, his contacts at BlackRock and Invesco have assured him that the approval of a spot Bitcoin ETF is not a matter of "if," but rather "when." That's huge or is it? The timeline for approval is projected to be around four to six months. So, fingers crossed and let's hope for some positive news in the near future. 🚀 Block Inc., a major player in the industry, has just announced their Q2 Bitcoin revenue, which soared to a whopping $1.16 billion. That's a 39% increase compared to last year. Talk about growth! It's clear that Bitcoin is making some serious moves and gaining traction in the market. 🇩🇪 Here's a fun little tidbit. Did you know that there's a German bakery accepting Bitcoin? That's right, folks. You can now satisfy your sweet tooth while embracing the world of cryptocurrencies. It's great to see businesses embracing this innovative payment method. And now, let's dive into the world of podcasts. American HODL recently sat down for an interview on the What Bitcoin Did podcast. During the conversation, he shed light on how the fiat system can be seen as a slave system. It's an interesting perspective that challenges our traditional understanding of currency. Next up, we have Samson Mow sharing his thoughts on Grassroot initiatives and their impact on the adoption of Bitcoin by nation states. It's fascinating to see how individuals and grassroots movements can contribute to the wider acceptance of Bitcoin on a larger scale. Every step counts on the path to realizing that there is simply no second best to Bitcoin. Before we wrap up, let's give credit where credit is due. The Bitcoin Therapist has been providing insightful content on Twitter. If you're looking for some thought-provoking discussions around Bitcoin, be sure to check out their page. And that's a wrap for today's show! Thanks for tuning in, and remember, Bitcoin is always full of surprises. Stay curious, stay informed, and stay tuned for more updates on the world of cryptocurrency. Let's dive in!Bitcoin continues to decouple from US equities. You know what that means? Before 2023, Bitcoin would have been in the red if it had been following the stock market. But it's not! Despite equities trading high for the past three months, Bitcoin has been holding steady. It's like a breath of fresh air, really. Now, until we see what happens in the future, it's important to hold onto your Bitcoins, or should I say, hodl! And hey, while you're at it, take some time to study Bitcoin too. You never know when a little extra knowledge might come in handy. So, there you have it. That's all the exciting news for today. Bitcoin hitting $30,000, Core Scientific and Bitmain striking a multimillion-dollar deal, Binance becoming El Salvador's first fully licensed exchange, and Bitcoin taking its own path away from US equities. It's all happening, my friend. So, buckle up and enjoy the ride!