Bitcoin price predictions revised, ETF outflows, miners coping, OpenAI captured - Ep.136

Today’s Bitcoin news!

PRICE UPDATE:

Today Bitcoin has dropped further into the $65k range. The next significant support range below us is around $64k plus or minus.

There's only one other time in #Bitcoin's existence when it had tighter 5D compression. It was 12 years ago and price was $5. POST: https://x.com/TechDev_52/status/1801342128376975852

BERNSTEIN: “.. We revise up our #Bitcoin price expectation to $200K cycle-high by 2025E (vs. $150K earlier). Our base case estimates: Bitcoin at $200K by 2025E .. .. $500K by 2029E .. and $1Mn by 2033E.” POST: https://x.com/carlquintanilla/status/1801593277277188241

ETFs:

💥DAILY ETF FACTS💥. Bitcoin ETF Flow (US$ million) - 2024-06-13. TOTAL NET FLOW: -226.2. POST: https://x.com/AllFactsCrypto/status/1801475620591047003

ADOPTION:

BREAKING: Deutsche Telekom/T-mobile to start mining #Bitcoin. They are already running a Bitcoin node! 🫡 @JoeNakamoto. POST: https://x.com/BTC_Archive/status/1801657442368880968

MINING:

Since the #halving, #Bitcoin mining costs have soared. On average, it now costs about $77,000 to mine a single $BTC today. This spike in expenses has led to a wave of capitulation among #BTC miners in the past month. POST: https://primal.net/e/note1xxsyprchn3lxrn2afjcvhdjgtykh8km2k6zf2vg95mh9a9rxp4eseewsn4

FIAT/GOVERNMENT NONSENSE:

Former head of NSA joins OpenAI board. Paul M. Nakasone stepped down as NSA director in February and will now join the company’s Sam Altman-led safety team. ARTICLE: https://www.theverge.com/2024/6/13/24178079/openai-board-paul-nakasone-nsa-safety

They've gone full mask-off: 𝐝𝐨 𝐧𝐨𝐭 𝐞𝐯𝐞𝐫 trust @OpenAI or its products (ChatGPT etc). There is only one reason for appointing an @NSAGov Director to your board. This is a willful, calculated betrayal of the rights of every person on Earth. You have been warned. POST: https://x.com/Snowden/status/1801610725229498403

Supreme Court strikes down Trump-era ban on gun accessories used in 2017 massacre. POST: https://www.dailykos.com/stories/2024/6/14/2246636/-Supreme-Court-strikes-down-Trump-era-ban-on-gun-accessories-used-in-2017-massacre

Governments all over the world committed crimes against humanity with lockdowns and coerced injections, but not a single person will go to jail. Yet, you still say “we can’t get rid of government because criminal gangs would take over!” Wake up, government is the most successful criminal gang ever because it has duped you into believing it’s legitimate and necessary. POST: https://primal.net/e/note1cm7juzrg7n0t842z753ahmsa0e62xc03uuumnwtqv23tq0dfwwxqemhkgr

The Fed used to be profitable and send billions of $$$ per year to the US Treasury. Now the Fed has so many bandaid programs to hold the banking system together, it hemorrhages billions of $$$ paying commercial banks for reserves and reverse repos. $175 billion in losses so far. POST: https://x.com/WallStreetSilv/status/1801377005805432897

AI VIDEO GENERATION:

Dream machine from Luma AI. WEBSITE: https://lumalabs.ai/dream-machine

PODCAST:

What Bitcoin Did — Erik Voorhees on Bitcoin & AI.
EPISODE: https://www.whatbitcoindid.com/podcast/erik-voorhees-on-bitcoin-ai
VENICE.AI: https://venice.ai/

LOL:

What if I told you, I forgot what I told you. POST: https://primal.net/e/note1fq62kh20nmdee26yeuf630qw6wn227epz6qup6lk5freytcuv9ms3xhsr4

Happy Father’s Day weekend!! 🫶🏽🫶🏽🫶🏽. POST: https://primal.net/e/note1nenhpv3a2j0ynglkdtw4sfx80779g7zztg2ktwv3xzecvmflpf9sagnc5z

Don’t let anyone tell you tacos don’t work miracles. POST: https://primal.net/e/note107wef5yyf0ajy9rrtmuu4m6eac4dfqrpmmktx0lh2j0e7ekx2rrs5yd730

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