Crypto News In 3 Sentences – March 07, 2024

🔮 “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

🚫 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

🎭 SEC Commissioners Hester Peirce and Mark Uyeda satirically challenge the agency’s vague regulatory stance with a mock dialogue in the ShapeShift settlement: Criticizing the “come in and register” approach, their satirical exchange underscores the confusion and regulatory ambiguity crypto firms face, especially in distinguishing securities within the crypto space. More from The Bitcoinist

📉 This moron economist in Russia, Alexander Razuvaev, predicts Bitcoin’s decline with the advent of digital rubles: Oh, it’s not just Bitcoin he says will die, its other major CBDCs, claiming crypto markets are “overheated” and may face a downturn post-April. He asserts that while Bitcoin will not disappear, it will become a “marginal phenomenon” compared to traditional financial assets. Read it at CryptoNews

💰 Pantera Capital aims to raise $250 million to purchase Solana tokens from the bankrupt FTX: Seeking to buy at a significant discount, the fund targets a portion of FTX’s SOL holdings, with plans for a four-year vesting period for investors, charging a 0.75% management fee and a 10% performance fee. This move could help FTX liquidators repay investors as FTX finalizes its bankruptcy process and seeks to repay billions to customers. Cointelegraph has more

🕵️‍♂️ Arkham Intelligence uncovers Tesla and SpaceX’s Bitcoin strategies, revealing the companies’ significant holdings managed by Coinbase Prime: 11,509 BTC for Tesla and 8,285 BTC for SpaceX. Amid volatile market conditions, Tesla capitalized on Bitcoin’s price fluctuations, selling off $272 million in Q1 2021 for a $128 million profit and further liquidating $936 million in Q2 2022, gaining another $64 million. More from Protos

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Technically Speaking – February 26, 2024

Bitcoin hit $54,000, bla bla bla, and Ethereum hit $3,200. Yes, that’s awesome, but if you’re like me, I want to know what hasn’t moved yet or is about to break out or, even more importantly, what might be hitting some profit-taking/reversal zones. 💡

Also, if you want to learn, check out our Ichimoku 101 article here, or watch this instructional video here. 

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One Way To Use Stocktwits’ Social Data Tools

Have you ever heard the phrase ‘volume precedes price’? It’s an old-school technical analysis 101 maxim. For example, if an instrument is in a downtrend but then you start to see volume tick up, the theory is that price will follow the volume. 🧑‍🎓

It’s what technical analysts call a leading indicator—a heads-up or a warning that the probability of change is high and that it might happen soon. Analysts and traders might apply that principle (volume precedes price) to the Stocktwits Social Data. 

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So. Damn. Close.

Unless you’ve been sleeping off some horrible life decisions from last night, $BTC is insanely close to reaching its prior all-time high. 🚀

It’s probable that by the time you read this, new all-time highs might already be in. 

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