He claims Strategy is an operating company with a soft spot for software-$500 million worth, to be precise-and a fiery plan to keep expanding. Because who needs index lists when you’ve got a good stonk and a bulletproof ego?
However, the price movement has been languishing in a narrow band, caught between $0.24 and $0.22 since November 17. The chart now presents a tight 4-5% window, where Pi Coin could break either way-up or down-depending on which way the winds of market sentiment blow. Will Pi turn into a hero, or will it succumb to the call of the abyss? Let’s see.
One such prophet, ‘Sykodelic,’ with a name that dances on the tongue, declares we’re about to scale a wall of worry taller than any mountain crypto has ever seen. “We’re in 2019, not 2021,” they croon, their voice a mix of confidence and whimsy. “No bear dares hibernate in this climate.”
Behold, the Financial System Council’s working group-those visionary scribes of the modern age-have cast this proposal into the annals of their upcoming report. For what else can they do but scribble and scribble, while the market tiptoes on a tightrope above a pool of molten Bitcoin? Investor protection? Market stability? A cursory glance at the chaos shall unveil the folly of such ambition. Yet, in the garden of regulations, every petal must bloom, if only to confuse the next hopeful speculator.
There have been… incidents. Not just little hiccups, but full-blown digital heists. Like that time DMM Bitcoin got whacked for over 4,500 Bitcoins. They had to beg, borrow, and sell off company assets to try and make people whole. It was, I assume, deeply unpleasant for everyone involved, except maybe the hackers. They’re probably on a beach somewhere, sipping tiny umbrellas in their Bitcoins.🍹
It seems a rather large number of rather serious people – those “institutional investors,” you know, the ones with actual money – have developed a curious fascination with these digital baubles. 21shares, being ever so accommodating, has decided to list six more of its “products” on the Nasdaq Stockholm. Because, truly, is there anything quite as thrilling as more options? 🙄
The debut was so soft, it had me checking if we accidentally launched a “Dogecoin for Dummies” set instead of the blockbuster ETF. With only $1.71 million in net assets and 94,700 shares quietly snoozing, it’s clear everyone kept their wallet in their pocket – probably waiting for a sign, or maybe just a decent meme to catch fire.
And yet, amidst this jubilation, one cannot help but spare a thought for poor Strategy (once known as MicroStrategy), which, despite hoarding a king’s ransom of 640,000 Bitcoin like a miser clutching his gold, remains barred from the S&P 500’s gilded gates. Oh, the cruelty of fate! 😏
But lo! What of the FTX-driven apocalypse of 2022, that grand carnival of chaos? Did it not leave the digital asset realm quivering in its boots, a shattered mirage of trust? 🧠
It was a dark and stormy night in the Bitcoin world (or at least a metaphorically dim and profit-losing one) as Bitcoin miners faced declining profitability after the 2024 halving event. But wait! As demand for AI compute capacity rocketed into the stratosphere, tech giants started cluing in. They discerned miners’ established power infrastructure as the ultimate key to fast-tracking data center growth.
