This is Jon Morgan; your Litepaper author, crypto evangelist, and sole crypto dood at Stonktwits. š¼
I’m like John Rambo, The Mandalorian, whatever Will Smith’s characters name is in I Am Legend, Neo, Skippy The Magnificant, Uma Whats-her-face in Kill Bill, Matt Hunter, the dad in the Taken movies, and Mad Max.Ā
Like Gandalf the Grey coming back as Gandalf the White, Iām back and ready to fight.Ā
And hit me up with some feedback so we can keep delivering the content you want! š§āāļø
BlackRock’s spot $BTC ETF, IBIT, just casually gained a cool $788 million in a single day. šŖØ
While the rest of us debated whether to splurge on $SHIB or $FLOKI, $IBIT was busy breaking records. With a casual $12.2 trillion in its war chest, the world’s heavyweight asset manager, BlackRock, has decided Bitcoin is the new black.
š® “Rich Dad Poor Dad” author Robert Kiyosaki forecasts Bitcoin hitting $300K by 2024: Citing the cryptocurrency’s rally past $69,000 following the introduction of spot Bitcoin ETFs and despite the recent 10% dip, Kiyosaki remains steadfast, advocating for investment in Bitcoin and praising its performance against the US dollar. Kiyosaki highlights its role against central banks and its potential to bring integrity back to money. Read it at Benzinga
š« Warren Buffett reaffirms his critical view of cryptocurrency, dubbing Bitcoin “rat poison squared”: The grumpy old man also said he wouldn’t spend $25 for all the Bitcoin in the world. Despite Bitcoin’s increasing acceptance, Buffett’s stance has been unwavering, viewing cryptocurrency as speculative and without tangible value. Yahoo! News has more
If you thought yesterday’s Litepaper highlighting the $713 in liquidations was bad, well, it got worse. š±
$804.30 million in longs and $259.04 in shorts for a whopping $1.06 billion in liquidations affecting nearly 300,000 traders.Ā
When bulls get liquidated, bears get excited. When bears get liquidated, bulls get excited. š
I have no idea what happens when everyone gets liquidated. From Glassnode’s Liquidation Heatmap, here’s this insane look.