El Salvador's adoption of Bitcoin just changed everything...

00:00
00:20 El Salvador Adopted Bitcoin!
01:28 Microstrategies $400 Bitcoin Buy
02:28 JP Morgan Price Prediction
10:31 Bitcoin Holders Increasing
11:49 Twitter Bitcoin News

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El Salvador has officially adopted Bitcoin as one of its native currencies! Becoming the first nation in the world to do so...but, likely not the last! You’ll be able to use Bitcoin to pay for any goods and services in El Salvador, with the El Salvadorian (is that right?) government actively buying Bitcoin on an ongoing basis to support the project.

We also had Microstrategies create a new fundraiser to raise $400 Million as they want to buy more Bitcoin ASAP! In these uncertain times, I try to follow what big money does. As they’re smarter than I am, have more money, better resources, and bigger teams. If Microstrategies is buying the dip, maybe we should too.

When also JP Morgan came out claiming that institutional investors are leaving Bitcoin due to the uncertainty. And digging into JP Morgan’s record, they’re actually not wrong. But, it's all semantics as price goes up, the price goes down - there’s nothing new here lol.

I also thought it was interesting to see that the number of Bitcoin holder addresses has continued to increase every single month. The biggest swings in price likely coming from active traders who are buying and selling the asset daily, to newer retail investors who are not used to the rapid dips in crypto. Long story short, the floor of Bitcoin holders is continuing to increase!

We also took a look at the Bitcoin Rainbow Chart which gives us a pretty good indication of what’s happening. It shows recommendations on when to buy or sell and as of this video, we’re right in the middle of the “hold” period.

Lastly, a bit of good news coming out of Twitter. It sounds like Jake Dorsey has mentioned that it’s only a matter of time before Bitcoin is used as an asset on the platform to “tip” creators or commenters. Certainly, this would be solid news for us hodlers if this were released.

That’s a wrap! Thanks for watching the video. If you enjoyed the content, consider liking and subscribing and I’ll see you in the next one!

Ryan “NoAutoPilot”

⚠️⚠️DISCLAIMER⚠️⚠️

Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on this video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market or crypto exchanges in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful and understand the risks involved with any investments.

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#bitcoin #news#jpmorgan #el salvador