Price Prediction

BBC Pidgin, the contemporary chronicler of our age, informs us: withdrawals were suspended on April 9. “A security breach,” croaked the platform (as if the fox, caught among the hen feathers, blamed an errant gust of wind). A full return by April 15 was proclaimed with much solemnity and the conviction of a street hypnotist. But by then, accounts were as empty as a village well in September.

According to Lookonchain, this aquatic giant moved the hefty sum in three neat chunks of 500 BTC each. At today’s Bitcoin price, that’s a cool $128.57 million. Not exactly chump change, unless you’re Scrooge McDuck. 🦆💰

Conversely, the Nasdaq 100 remains about 5% below its peak on Liberation Day, suggesting that Bitcoin has been performing stronger compared to U.S. stocks. In simpler terms, the Nasdaq 100 hasn’t reached its highest point since Liberation Day yet, while Bitcoin seems to be outperforming US equities during this timeframe.

To the uninitiated: M1 is the meager copper in one’s coat pocket, while M2 is like that cousin who includes not only coins but also every threadbare mattress stuffed with currency and your neighbor’s suspiciously fat piggy bank. Sneaky economists insist on measuring it. And look—crypto Guy Michael van de Poppe has posted a chart! For free! Fancy that even your landlord can’t stop M2 from returning.

The agency, ever hungry for more time to justify its existence, sought further delays on the staking application concerning two Grayscale spot ETH ETFs. The deadline, once a beacon of hope, has been cruelly extended to the 1st of June. Grayscale, poor souls, submitted their application way back in February. Such is the speed of justice in this land! 🐌