The GOAT & The Saylor
"Warren Buffett's Japan bets have nearly tripled in value in less than three years."
Cheat Sheet -
Support and resistance levels and our daily, weekly and monthly bias on BTC, ETH, CL, ES, and NQ as well as our favorite altcoins.
Crypto News
XRP Prices Jump as Hinman Speech Released in Ripple Labs Filing (CoinDesk)
Cross-Chain Bridge deBridge Launches App For Trading Without Liquidity Pools (CoinDesk)
Curve founder returns 1.3 million USDT to Aave to curb liquidation risk (The Block)
Bitcoin dominance reaches highest level in nearly two years (The Block)
Bybit plugs into ChatGPT for AI-powered trading tools (CoinTelegraph)
‘Who the hell’ is Prometheum and what did it say to Congress about SEC compliance? (CoinTelegraph)
Top South Korean banks gear up for a $27B security token market (Blockworks)
Reddit Blackout persists with some crypto communities left in the dark (Blockworks)
Miami's 'Bitcoin Mayor' Will Challenge Donald Trump for US President (Decrypt)
Tether CTO Says 'Let Them Come' as Stablecoin's Dollar Peg Wobbles (Decrypt)
3AC asks court to fine Kyle Davies $10K a day until he answers subpoena (Protos)
Korean crypto lender Delio halts withdrawals amid contagion fears (DLNews)
BTC Outlook
Today’s outlook is from Martijn Bron author of our From The Desk Of A Trader series:
Warren Buffett's Japan bets have nearly tripled in value in less than three years.
Michael Saylor's #bitcoin bet is down 13% in less than three years.
The Berkshire Hathaway chief put a $6 billion wager on 5% stakes in five Japanese trading houses; Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo in August 2020. Berkshire has ramped up those positions to about 7.4% across the board, Buffett disclosed in May.
Thanks to soaring stock prices and additional share purchases, they're now worth roughly $17 billion.
The MicroStrategy chief put a $4.2 billion wager on Bitcoin since August 2020.
Thanks to the falling Bitcoin price, it's now worth roughly $3.6 billion.
Boom!
#markets #investing #money #goat
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