CCIF

#Bitcoin is the #1 strategy

Here is a pic of all the #Bitcoin in the world, visualized ✨

BlackRock CEO says "#Bitcoin is digital gold and a great long-term store of value."

History Shows Bitcoin's Volatility Is Net Positive Bitcoin briefly broke the previous all-time high of $69,000 yesterday. The digital currency then proceeded to drop more than 10% shortly after. This type of volatility is unheard of in traditional financial markets, but it is just a normal day in the world of cryptocurrencies. Alex Thorn (@intangiblecoins), the Head of Research at Galaxy Digital, correctly pointed out it is important to “remember that in December 2020, BTC touched its prior all-time high of ~$20k twice, then ranged and traded -11.3% lower over 15 days before definitively breaking ATH. It is likely to look similar here, and some consolidation would be healthy after +62% YTD / +77% from YTD low (jan 23).” Thorn went on to present an analysis of the volatility in the last two bull markets. First, he showed “bitcoin had 13 corrections of 10% or more between the March 12, 2020 covid-low ($3858) and the April 14, 2021 ATH ($64,899).” If we go back to the 2017 bull market, “from January 1, 2017 to December 17, 2017 bitcoin ATH ($19,891) there were thirteen 12%+ drawdowns (of those, 12 were 15%+, and 8 were 25%+).” Bitcoin is volatile. You need the volatility to get the upwards movement in price, so most holders view the thrashing of price to be a net positive over the long run. Now that bitcoin is larger than the entire US high-yield bond market, or larger than the entire silver market, some believed the volatility would subside. Personally, I have even talked about volatility dampening over the long-run. But bitcoin has not paid attention to those opinions in the short-term. The asset continues to oscillate in ranges of thousands of dollars per day. This is important to understand if you are buying bitcoin for the first time or if you have a weak stomach for volatility. The good news is that “Bitcoin is not only the best performing asset class of 2024, up 62% YTD, it also has the highest Sharpe ratio at 2.1,” according to @zerohedge. This continues to reinforce the point that bitcoin is one of the best, if not the best, risk-return assets available in the market. I write this to all of you because the market continues to be a little crazy. At the exact moment that the euphoria hits from breaking the all-time high, holders are immediately met with a 10% drawdown. It is easy for outsiders to say bitcoin holders “got lucky,” but the truth is that very few people in the world can hold an asset through this type of volatility. I hope this helps as we go through the next few weeks.

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"It is an asset class that protects you." - Larry Fink, CEO of BlackRock on #Bitcoin

Today is a historic day in financial markets. The bitcoin spot ETFs begin trading this morning and billions of dollars will flow into the asset class. This will impact price, fees, volatility, and much more. Here is my conversation on @SquawkCNBC this morning.

MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR microstrategy.com/en/investor-re…

NEW: The Ordinals market is now 4x larger than the next 2 NFT markets combined King #Bitcoin is back 👑

Marathon Digital is up 450% year-to-date. The market completely misunderstands the bitcoin mining stocks and will likely be surprised by what happens in 2024.

HODL ✊ #Bitcoin

There is no second best. #Bitcoin

JUST IN: 🇫🇷 $5.1 trillion French bank CACEIS is now officially registered to offer #Bitcoin custody services.

₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: New research finds #bitcoin mining is the most sustainable sector of the economy. Percentage of sustainable energy 🌱 - Bitcoin: 52.6% - Banking: 39.2% - Industrial: 32% - Agriculture: 19% - Gold: 12.8% - Iron & Steel: 9.8% - Zinc: 1% [batcoinz.com/comparing-bitc…]

JUST IN - $10 trillion BlackRock officially files for spot #Bitcoin ETF

There are now 4 pro-#Bitcoin candidates running for US President. The USA will embrace Bitcoin 🇺🇸

The Media: No one attends the #Bitcoin conference anymore Reality:

Only 334 days until the next #Bitcoin halving. HODL

that there haven't been mass resignations or firings in the Fed/Treasury/FDIC/OCC is astonishing. looks worse than '09 already. these people are staggeringly incompetent, blame everyone but themsleves

In #Bitcoin We Trust.