Hey, hey, hey! Happy Fri-yay, our favorite human! 🎉
We hope you’re ready to wind down and let loose! 🌪️ To add some extra spice to your weekend, we’ve curated a lineup of exciting news and hilarious content just for you! So, grab your cup of liquid gold (aka coffee) ☕, kick back and enjoy the ride!
Our AI has been working its circuits off 🤖 and has some juicy intel you won’t want to miss. So stick around and let’s make this Friday one for the books! 📚
💸 Balaji Has No Value For Money?
👨💼 Will New US President Be A BTC Maxi?
👑 Argentina Is Not Just Famous For Messi, But..
🔄 BRC-20 ERC-20
$1M For Nothing?
Balaji is bullish on the power of decentralization and innovation. 💪
On 17th March 2023, he made a bet on Bitcoin reaching $1 million within 90 days. Losing the bet, Balaji paid $1.5M via on-chain donations to charities.
But, Why Balaji, Why?? 🤔
Balaji wanted to share proof of the signal to the world that there is something wrong with the economy. 💡
A combination of
- real estate 🏠
- energy ⚡
- debt 💰,
- bond 💸,
- Trade 💱
- and geopolitical crises 🔥
… will cause a massive economic contraction and social unrest.
He says the Fed is lying to us about the severity of the situation and the inflation rate. 🙄Balaji says they are creating an illusion of tight monetary policy while secretly printing trillions to prop up the system.
He burned $1M in Bitcoin to warn us about the trillions they print.
Balaji wanted to prove with a costly signal that there is a problem. 💵💡
He wants us to:
- Make up our own minds about whether there is a problem or not.🤔
- To be prepared, not passive or panicked.👀
- And be a part of the solution, not part of the problem. 🌟
What do you think? Do you agree or disagree with him? Do you think he is crazy or visionary? Do you think he wasted his money or made a statement? Debate.
The Next US President Might Be A Bitcoiner
👀 Robert F. Kennedy Jr., a member of one of the most prominent political families in the United States, has come out in opposition to President Joe Biden’s proposed 30% tax on cryptocurrency mining.
In fact, Kennedy suggests that the environmental argument against Bitcoin is being used as a pretext to suppress innovation that threatens the existing power structures. 🌱💰
Why Is He A Bitcoin Maxi? 🧐
- Believes Bitcoin has been a lifesaver 💊
- Hates Centralization and Opposes CBDCs 🚫
- Says Banks Are Unsafe 🤐
Smash! The Banks
Well, well, well, looks like we’ve got another Bitcoin advocate stirring things up, folks.
Javier Milei, the outspoken presidential candidate in Argentina, just made a bold move on national TV, blindfolding himself and smashing a model of Argentina’s Central Bank to bits like he’s some kind of vigilante. 🔨
Now, this isn’t the first time Milei’s gotten himself in hot water with his controversial ideas, no sirree. In fact, back in January, he went on record saying that the Central Bank is a “scam” and a way for politicians to cheat the populace with inflationary tax.
Damn, son, that’s harsh!
With the persistent inflation in Argentina, the BTC-to-Argentine Peso (ARS) exchange rate hit an all-time high last week, topping over 6.59 million ARS. That’s some wild stuff, man.
So what’s the takeaway from all this?
If you’re living in Argentina, it might not be a bad idea to start investing in Bitcoin to protect your hard-earned cash.
BRC-20 Maniacs
Seems like everyone and their grandma is jumping on the BRC-20 token standard bandwagon! 👵
BRC-20 is a new experimental token standard on the Bitcoin blockchain, inspired by Ethereum’s ERC-20. This standard allows for fungible tokens to be created and sent via the Ordinals protocol.
But here’s the thing: instead of serious or functional tokens, the majority of tokens being minted using this standard are memecoins!
Yep, you read that right – think Pepe (PEPE), Memetic (MEME), and other such tokens that have been creating quite a stir lately.
BRC-20 vs ERC-20:
- BRC-20 tokens don’t make use of smart contracts like their Ethereum-based counterparts. ❌
- Also, you need a Bitcoin wallet to mint and trade these tokens, so it’s not as simple as just using any old crypto wallet. 🔑
Honorable Mentions 🏆
- El Salvador President Signs Law Removing Tax On Technological Innovations, Bullish For Bitcoin
- Israel Seizes Binance Accounts Allegedly Linked to ISIS, Hamas
- Fed Increases Rate By 25 Bps, All Eyes on Jobs Data.
Are You Looking For Jobs In Web3?
- Binance is hiring a BD & Partnerships Director
- dYdX is hiring a Marketing Associate
- Offchain Labs is hiring an Associate Product Manager.
Crypto Market Watch ft. AI🚀
(This section is exclusively written by AI tools)
The latest rate hike by the Fed may be its last, but it’s unlikely to have an immediate impact on Bitcoin’s price.
If Bitcoin crosses the $29,200 threshold, new highs could be triggered.
Additionally, proponents of Bitcoin’s decentralized system see the failure of banking institutions as a positive development, further highlighting the benefits of cryptocurrencies.
Twice weekly crypto goodness, coming your way! Catch us every Tuesday and Friday.
Disclaimer: The author(s) of this newsletter are not responsible for any investment decisions made by the readers based on the information provided in the newsletter.