Noticiario Semanal 🟡 NOTICIAS BITCOIN 🟡 18 de febrero

Omar Lopez ∙ Formación Bitcoin

28 Feb 202418:28

Summary

TLDRIn this episode of the weekly Bitcoin news recap, Omar López, the founder of Cryptoid, discusses the most significant events in the Bitcoin world from the past week. Highlights include a post by Joe Biden with laser eyes, a symbol of Bitcoin support, which sparked discussions in the crypto community. López also addresses the misconceptions and misinformation in the crypto space, the decline in Google searches for Bitcoin despite its price increase, and the hack of the FixFlat platform, resulting in significant losses. Additionally, he covers the profitable Bitcoin strategy of Nayib Bukele for El Salvador, MicroStrategy's substantial unrealized gains, and the impact of ETFs on Bitcoin's demand and price. López concludes by emphasizing the opportunity in the current market for Bitcoin investment, despite the lack of new retail interest, and invites viewers to join the discussion on Discord and subscribe to his newsletter for more insights.

Takeaways

😊 The script is a weekly Bitcoin news report by Omar López
💡 Biden shared a post with "laser eyes" but it was just a reference to the Kansas City Chiefs, not Bitcoin
😕 Bitcoin searches on Google have fallen to bear market levels, indicating low retail interest
📈 But the Bitcoin price reached $50k for the first time in almost 2 years
❗️Cryptocurrency exchange FixedFloat was hacked and lost around $26 million in crypto
👍🏻 El Salvador's Bitcoin strategy has generated over 20% returns so far
👀 MicroStrategy continues accumulating Bitcoin, now holds 190k BTC worth around $4 billion
🚀 The first Bitcoin spot ETF crossed $1 billion in inflows, with rising institutional demand
🔄 Bitcoin's next halving, reducing new supply by 50%, is less than 2 months away
☝️ Multiple signs indicate this bull market is still in its early stages, with retail FOMO yet to begin

Q & A

What false information was spread about President Biden supporting bitcoin?
-An image was shared of Biden with laser eyes, a popular bitcoin meme. However, this was actually a reference to the Kansas City Chiefs NFL team, not bitcoin or cryptocurrency.
Why are bitcoin Google searches at bear market lows when prices are near 2-year highs?
-Data shows that retail interest and participation is still very low at the moment, with the same core bitcoin community driving activity. New retail investors have not started entering yet.
How has El Salvador's bitcoin strategy performed recently?
-El Salvador's $147 million bitcoin investment has generated an unrealized gain of over 20%, or $27.54 million. This has not been widely reported in mainstream media.
What is MicroStrategy's total bitcoin holdings and unrealized gains?
-MicroStrategy holds over 190,000 bitcoins and has over $4 billion in unrealized gains on its investment.
How much bitcoin is held across bitcoin ETFs?
-Over 100,000 bitcoins, worth over $1 billion, are now held by bitcoin ETFs like the BlackRock bitcoin trust.
Why does the analyst think the real bitcoin bull market hasn't started yet?
-Because retail FOMO hasn't happened yet. Institutions are still steadily accumulating while retail interest remains low, indicating there is room for further price rises.
What upcoming bitcoin halving?
-In less than 2 months, the bitcoin blockchain will see its next halving event which cuts the daily supply of new bitcoins generated by 50%.
How does growing ETF demand compare to new daily bitcoin supply?
-Roughly 12.5 times more capital is flowing into bitcoin via ETFs than is being created by bitcoin miners every day.
What exchange platform was recently hacked?
-The cryptocurrency exchange FixedFloat suffered a hack losing around $26 million worth of bitcoin and crypto.
Why does the analyst think bitcoin prices could keep rising?
-Due to upcoming bitcoin halving reducing daily supply, growing institutional ETF demand exceeding that supply, and still no retail FOMO indicating we are early in the cycle.