Bitcoin $26,000

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In this video, I discuss Bitcoin's recent price correction in the wake of ambiguous news surrounding SpaceX's holdings of Bitcoin, and whether they were completely sold off, or just written down.

Either way, it doesn't matter. Elon has been a net negative for Bitcoin, with his Bitcoin energy FUD and pumping of DOGE. Elon doesn't even understand why BTC is faster than DOGE when it comes to final settlement guarantees.

As we enter a seasonally weak time for risk assets, Bitcoin may continue to move lower, or it may not. My plan is to continue to dollar cost average and to ignore the fiat price volatility of Bitcoin.

The most important point is that BTC continues to make its way from weak hands to strong hands. Those strong hands are highly ideological Bitcoiners like myself who run their own nodes to help to enforce the consensus rules.

This is how Bitcoin fiat price dumps help to strengthen the protocol and its social layer.

Not investment advice! Consult a financial advisor.

Bitcoin Magazine's misleading headline about SpaceX:
https://twitter.com/BitcoinMagazine/status/1692295710962483253

What the WSJ article actually said:
https://twitter.com/TYonClubhouse/status/1692540333488546174

Elon demonstrates his ignorance about Bitcoin:
https://twitter.com/elonmusk/status/1393738154889338884

Final settlement times for Bitcoin and other proof of work crypto assets:
https://howmanyconfs.com/

Crypto traders hit by $1.04 billion in liquidations:
https://www.theblock.co/post/246149/crypto-traders-liquidations-volatility

Substantial bitcoin and ether liquidations on prominent crypto options exchanges, Deribit and OKX:
https://www.theblock.co/post/246276/bitcoin-crash-ghosts-of-elon-musk-driven-tops-qcp

Monthly average stock returns for S&P 500:
https://www.yardeni.com/pub/stmktreturns.pdf

Bitcoin's Aug/September corrections in pre-halving years:
https://twitter.com/intocryptoverse/status/1691975123438391458

Just save in Bitcoin and focus on your craft:
https://twitter.com/alanbwt/status/1499772060544823299

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#crypto

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