Bitcoin’s volatile swing, adoption, BTC vs Mastercard/VISA, USD purchasing power falling - Ep.75

Today’s Bitcoin news! PRICE UPDATE: Today Bitcoin jumped up to $71,789 and then dropped to $68,389, and is now hanging around $68,500. Lots of shorts and longs got rekt (see below). Bitcoin seems to be struggling to hold the $69K level; if it does, how high will it go? #HODLAround 50% of 24-hour short AND long positions were wiped out in the past 4 hours! Meanwhile, HODLers are chilling with their #Bitcoin in cold storage 🔑😎. POST: https://twitter.com/SimplyBitcoinTV/status/1773009950307999951ADOPTION: JUST IN: Rumour that Morgan Stanley will approve #Bitcoin ETFs on their platform in the next 2 weeks are getting stronger. Early this month Morgan Stanley filed with the SEC that 12 of their funds may buy Bitcoin ETFs. Morgan Stanley has $1.5 Trillion in assets under management. POST: https://twitter.com/BTC_Archive/status/1772978686133768479UNDERSTANDING BITCOIN: Preston Pysh: You can’t understand Bitcoin until you deeply understand the problem it’s solving. POST: https://twitter.com/PrestonPysh/status/1773025760875262093BITCOIN VS MASTERCARD AND VISA: Businesses that study #Bitcoin will save a fortune overtime. Why give mastercard or visa a cut when you no longer have to? POST: https://twitter.com/AjayHernandez1/status/1773032500614295914SEC VS COINBASE: LATEST‼️ - Coinbase takes a hit in its ongoing legal proceedings with the SEC: "The Court finds that the SEC adequately alleges that Coinbase, through its Staking Program, engaged in the unregistered offer and sale of securities.” POST: https://twitter.com/Swan/status/1773026292893450268INHERITANCE PLANS: Jameson Lopp: Today I'm excited to unveil what we've been working on at Casa: user-friendly inheritance for your self custody! No KYCNo geographic restrictionsNo hardware required for (most) designated recipientsPOST: https://primal.net/e/note1hnqh99zw0lqgfhjx8zzjlxv7sy0gp6z5hqn0flcgvexxsfvs60esdgjyccWEBSITE: https://casa.io/inheritanceHARDWARE WALLET: Satdow: Got my Coldcard Q1 today. POST: https://primal.net/e/note1tezdak8xpexcm9jc0nz4saujqxtzrch89r2ms33hrc0vu02p2qwsg0qrttFIAT/GOVERNMENT NONSENSE: The US dollar has lost 25% of its purchasing power since January 2020. Every $1 you had is now worth $0.75 of goods. Insane. POST: https://twitter.com/APompliano/status/1772974125163729090"Dollar Down 20% Since 2020, Biden Blames Greed”. In Washington, it's always We the People who are the problem 🫡. POST: https://twitter.com/profstonge/status/1773021769571393610ARTICLE: https://www.zerohedge.com/markets/dollar-down-20-2020-biden-blames-greedTrue #Bitcoin Story. POST: https://twitter.com/Vivek4real_/status/1772933960009474174In the current financial system, your wages rise over time but you lose purchasing power… POST: https://twitter.com/rajatsonifnance/status/1772967345918517251In case you were thinking of retiring some day, bad news from Janet Yellen: Social Security and Medicare are now underfunded by $175 trillion. That comes to roughly $1.4 million per American household. There are only 3 solutions: slash beneficiariesmassively hike taxes, or cut everybody’s benefit to poverty levelPOST: https://twitter.com/profstonge/status/1772962369007767849The economy isn't real. It's propped up by record debt. They will fake it till they break it. POST: https://twitter.com/balajis/status/1772957093072396654A ton of Cocoa is now worth more than a ton of Copper. What the heck is going on?  🚨. POST: https://twitter.com/WallStreetSilv/status/1772964287788535842BOOK: Rejection Proof — https://www.rejectiontherapy.com/bookSubscribe to Fractal Bitcoin for your daily Bitcoin news! …and share our channel with that one friend you have that would probably love quick Bitcoin news every day ;) Join our Locals community — https://fractalbitcoin.locals.com/NEW FRIDAY LIVESTREAM: The Bitcoin PanelFridays at 4:00 PM Eastern / 1:00 PM PacificLINK: https://www.fractalbitcoin.com/p/the-bitcoin-panel/