A number of chains are trying to align themselves as "US made" with the hope of getting adopted
Let's say they decide to move all transactions onchain, will the government adopt one of these public chains or create a private one? Are these lobbying chains willing to do what's necessary to be "compliant"?
I'd rather build something the American folks can, and will be happy to use, rather than hope for government adoption
One of the requirements for PI open mainnet launch is for there to be at least 100 distinct real applications on the chain. It's funny in itself that the core team requires this
But what do you think? As March 14th approaches, will they achieve this or will they postpone the mainnet launch again?
Following news that Binance received $2 Billion investment all in stable coins, CZ replied to a user on X "more stables to buy alts soon. 😂" and then went on to retweet the post for more visibility
What altcoins should Binance buy? Or how best should they spend the money?
So $PI is currently trading at $0.9, down 30% on the day after listing Currently market cap based on 5bn token supply = $4.5bn
With FDV = $90bn
Thats super wild for a token that has no utility other than "mining" via mobile app
This screams $ICP 2.0 which benefits team and insiders only. If you got free tokens, congrats But don't buy this. In a few weeks, $PI will trade below $0.1 and then $0.01 till it slowly fades off
You're free to disagree, we'll come back to this in a few months
While there are widespread reports of the US Government selling all of their BTC, it turns out that the assets are still there and untouched
So why is the market dumping? 3 reasons remains clear
1: There's an imbalance around $90k, a wick that was left behind a few weeks ago
2: As a result of 1 above, market makers will move price to that point using any available news. And that's the rumour of the US Government selling Bitcoins following the approval from the DOJ. This is the power of FUD at its finest
3: All is actually not FUD. While the US government wasn't selling Bitcoins, someone else was. And that's BlackRock!
Those are the three reasons that came to mind. If you like the content I share, please follow @Admiano for more of them
Feel free to share your market thoughts and analysis too
According to @Arkham BlackRock is selling $BTC which has led to further sell on the Bitcoin price
If Arkham is tweeting this, then it's the truth. And you fear how bad things can turn especially after the DOJ approved a $6.5 billion sell on Bitcoins from Silk Road
Will BTC hold the $90k support or will price go lower? What do you think?