[Optional]

A long-held fantasy of Bitcoiners appears to be coming true (at least in a small way), with Bitcoin surging in the midst of fears over the collapse of the banking sector.

Bitcoin is up 40% since the crisis began and reclaimed the US$28K mark this week for the first time since June 2022.

The Crypto Fear and Greed Index has topped 66 (Greed), the highest level since November 2021 (Bitcoin's ATH).

The crisis has lessened the chances of further steep interest rate rises in the US, with the market tipping a 25-basis point rise this week. What some characterise as backdoor money printing from the Fed's Bank Term Funding Program (BTFP) may also be having an impact.

The overall crypto market cap is US$1.17 trillion. Bitcoin surged 16.3% this week and is currently trading at US$27,980, while Ethereum was up 4.3% to US$1,755.

Bitcoin is leaving the other coins in the dust, with XRP flat, Cardano down 3.5%, Polygon (-6.3%) and Dogecoin (-1.9%). Solana increased by 10%.



Million Dollar Bet

Former Coinbase Chief Technology Officer Balaji Srinivasa was the talk of Twitter over the weekend, thanks to his heroic bet that one bitcoin will be worth US$1 million within 90 days. He argues the banking crisis will be the moment " the world redenominates on Bitcoin as digital gold." He had no shortage of takers for the bet (which could be hedged by buying a single Bitcoin). Few people think there's much chance of a 3,600% increase in that timeframe, which would outpace the 2020-2022 bull market (a 547% rise) and the 2017 rally (a 1,105% rise). Crypto analyst Ali estimates that more than $18 trillion would need to be injected into Bitcoin markets for the price to hit $1M per Bitcoin. Real Vision CEO Raoul Pal says the bet is just a stunt: "He's got zero point zero chance of being right, but what he's doing is spending a million bucks, two million bucks, on marketing what is an important concept." Pal believes the US$50K mark is more likely this year.

[ChuckyTheGoat]

Arky, that's a great post. The accounting falls apart at so many levels.

[Arky]

Deleted my post?

Ah, OK. So, the moderators are woke. Gotcha.

[Optional]

Deleted my post?

Ah, OK. So, the moderators are woke. Gotcha.

Not deleted. https://www.sportsbookreview.com/for...t-company.html

All political posts are moved to the political forum.

[Arky]

Not deleted. https://www.sportsbookreview.com/for...t-company.html

All political posts are moved to the political forum.

OK. That's fair. (didn't know there was a political forum).

[ChuckyTheGoat]

28,396

I can't see the trend slowing down in next 48 hours. 30,000 creased by Tuesday?

What will the news feed sound like on the banks on Mon/Tues? I would LOVE to hear another Yellen sound-bite.

Have to admit when I'm wrong. Pace slowed down.

28,172 currently.

[flyingillini]

Have to admit when I'm wrong. Pace slowed down.

28,172 currently.

Hitting 30 any day.

[JAKEPEAVY21]

Hitting 30 any day.

[ChuckyTheGoat]

I set my ticker to 12-hour change. See if it can keep up with +1.5% every 12 hours.

They're trying to Band Aid the banking system. Looks like a joke to me.

[JAKEPEAVY21]

I set my ticker to 12-hour change. See if it can keep up with +1.5% every 12 hours.

They're trying to Band Aid the banking system. Looks like a joke to me.

We have been treading water around 28k for a few days now...hopefully we get some more upward movement in the next week.

[ChuckyTheGoat]

I like this video. Guy points out the Accounting games that these prix are playing:

[JIBBBY]

Feds announce another rate increase today. Stocks and Crypto sink on the news reported immediately..

This is an effort to combat inflation. Madness!

[Arky]

I like this video. Guy points out the Accounting games that these prix are playing:

https://www.youtube.com/watch?v=nbUd...nnel=NobodySpe cialFinance

Accounting games?

[homie1975]

We have been treading water around 28k for a few days now...hopefully we get some more upward movement in the next week.

phukken mush

[icon]

Peter Brandt Challenges Bitcoin CME Traders To “Go Short”


https://thecryptobasic.com/2023/03/2...e-gap-traders/

[freelee]

it seems to have the opposite effect on Gamestop and Bitcoin

[homie1975]

Powell's dovish comments were taken very well by the market. It was all good. but at the same time he was speaking, Janet Yellen was talking about possibly not insuring all deposits unilaterally and that was what caused the selloff.

[milwaukee mike]

phukken mush

peavy is a lot of things but he ain't a mush

the guy has life clocked, unlike the actual mush that always said he had life clocked (landers)

[JAKEPEAVY21]

peavy is a lot of things but he ain't a mush

the guy has life clocked, unlike the actual mush that always said he had life clocked (landers)

I'll go back underground until we hit a new all time high

[homie1975]

I'll go back underground until we hit a new all time high

[themike78]

Bitcoin starting to go down today. This weekend will be very bad for bitcoin and it should reach zero by Monday.

[JIBBBY]

Everything dipping again today so far..

[JAKEPEAVY21]

Everything dipping again today so far..

We are playing the long game here...might not be until next week, next year or 2030 but eventually we will get there...

[homie1975]

We are playing the long game here...might not be until next week, next year or 2030 but eventually we will get there...

Agree 1,000%

[DwightShrute]

Actress Lindsay Lohan and influencer Jake Paul have been charged for allegedly partaking in an illegal crypto scheme. https://t.co/AhCQRGJYTp

— Breitbart News (@BreitbartNews) March 25, 2023

[themike78]

Huge loss for bitcoin today. It will go down another $10,000 today and be worth zero by Wednesday morning. All crypto currencies will not exist anymore by next week.

[ChuckyTheGoat]

28,800. What do you think?

Remember when I use to do the Point giveaway on the new ATHs? Would love to get back there. I mean...if the pts here still had any value.

[raiders72001]

28,800. What do you think?

Remember when I use to do the Point giveaway on the new ATHs? Would love to get back there. I mean...if the pts here still had any value.

I don't want the points but it was a lot of fun when you were giving points out to others. Seemed to bring us luck.

[JIBBBY]

The crypto and stock market making a little bit of a move. I like it.

[ChuckyTheGoat]

I don't want the points but it was a lot of fun when you were giving points out to others. Seemed to bring us luck.

Yes, Raiders! It was fun...and it was good karma. Think about it!

What if I gave out ONE mBTC when we hit the new ATH!!

Pocahantas sticking her nose in where she knows nothing. Thanks for the free advertisement:

[Optional]

Elizabeth must have missed the history of E-Gold memo.

Bitcoin only got enough interest and traction to actually be coded because the govt tried to destroy e-gold instead of regulate it.

[navyblue81]

Is it time to get back in Cardano? Looks like it’s rocketing this past week and there’s a lot of positive news about it.

[ChuckyTheGoat]

Elizabeth must have missed the history of E-Gold memo.

Bitcoin only got enough interest and traction to actually be coded because the govt tried to destroy e-gold instead of regulate it.

Thanks, Opti. Didn't know that.

I know that Nick Szabo had an early project called Bit Gold. It sounded a hell of a lot like Bitcoin.

Szabo might not BE Satoshi. But Szabo is on a short list of who COULD be Satoshi.

David Morgan thinks "Satoshi" is a GROUP of coders and not an individual. That could be. What reasonable mind would stake claim to the "Satoshi" title when that equates to being a threat to nations across the globe?

[ChuckyTheGoat]

https://en.wikipedia.org/wiki/Nick_Szabo

[navyblue81]

Damn Cardano is cranking.