❗️Bitcoin will replace the U.S. dollar within 10 years - Venture Capitalist Tim Draper.

Tim Draper is co-founder of Fisher Jurvetson (DFJ), which is a global leader in venture capital investing in early-stage and early stage technology companies.

He has $3.1 billion in equity capital.

Put 🔥 if you agree with my opinion

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💵 Asset managers made the largest bet against the dollar since 2008 - by $17 billion.

Institutional investors have taken a record large “short” position against the U.S. dollar. We are talking about a level comparable to the times of the global financial crisis.

Historically, asset managers have often been wrong in their bets against the dollar and the dollar index (DXY) has then moved up, so Twitter traders are vanguishing for a dollar rally.

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❗️ Coinbase will become the first crypto exchange whose stock will officially enter the S&P 500 starting May 19

This may increase interest in cryptocurrencies among traditional financiers, and consequently contribute to the growth of the crypto market.

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Crypto Speak: Addy

An “addy” in the context of cryptocurrencies is an abbreviation for “address.”

It refers to the address of a wallet on the blockchain used to send and receive cryptocurrencies, such as Bitcoin, Ether, and others.

In general, your wallet address can be abbreviated as addy

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📈 Bitcoin continues to follow global liquidity

On the chart:
🟥 Global liquidity (M2)
🟧 BTC price (3 months lag)

Every time the economy starts to “turn on the printing press” and inject liquidity - bitcoin reacts by rising.

Now global liquidity is at an all-time high of $109 trillion.

BTC is moving almost tick-by-tick behind this trend. If nothing breaks, bitcoin overcoming $100k may be just the beginning of growth.

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⏰ How long it took bitcoin and businesses to reach $1 trillion capitalization:

Bitcoin: 12 years
Facebook: 17 years
Tesla: 18 years
Google: 21 years
Amazon: 24 years
Apple: 42 years
Microsoft: 44 years

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🛸 Conspiracy: Bitcoin was created by US authorities

Today, let’s dive into a theory that is popular among crypto enthusiasts. So, why do people believe that Bitcoin was created by the United States National Security Agency (NSA)?

👽 Bitcoin’s launch surprisingly coincided with the global financial crisis when people were desperate for new tools to save.
👽 The name of Bitcoin’s creator, Satoshi Nakamoto, is a reference to the NSA. You be the judge: (N)akamoto Sa(SA)toshi.
👽 Proponents of the theory believe that the clue to the origin of the cryptocurrency is in the IP address of the first transactions, information about which is preserved in the history of the network’s operations. We are talking about the IP address 64.202.167.192, which presumably belongs to the data center of the U.S. NSA.

Note that this theory is believed by many reputable individuals in the crypto world—so never take off your tinfoil hats 😎

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💰 Public miners sold off up to 70% of BTC mining in April - the highest since October 2024

🖤With the increasing difficulty of mining and decreasing profitability, even with the price of BTC above $100,000, large mining companies started actively selling off BTC.

🖤Riot and CleanSpark abandoned their HODL strategy and realized most of their mining, while MARA, Cango and BitFuFu kept all of April's volume.

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What are Soulbound tokens?

Today, we’re going to talk about a unique type of NFT, the Soulbound token (SBT), which is issued only once and is permanently bound to a single blockchain address.

An SBT token cannot be transferred or sent to another blockchain address, and only the owner of the address has access to it.

The non-transferable token is a prime representative of Web3 technologies. Although there are few real-world examples of SBT use cases, it could theoretically become a popular means for its owner to verify identity and other data.

For now, we can muse about its potential use cases: SBTs can be used as name certificates, passports, diplomas, ownership confirmation, various types of identity verification, and even for credit (for example, your entire credit history can be stored in a single SBT that will never leave your address).

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😁 Trump's family made $320 million on TRUMP shield despite its 87% decline since launch - Chainalysis data.

The Trump family's total capital gains from crypto is $2.9 billion, of which 40% is held in cryptocurrency.

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