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Big picture $BTC
Bitcoin is undergoing its third parabolic advance in the past decade. A parabolic advance on an arithmetic scale is extremely rare – three on a log scale is historic pic.twitter.com/fyyM5Ws6N5
— Peter Brandt (@PeterLBrandt) February 16, 2021
Bitcoin is also likely to benefit from fundamental trends, too.
Charles Edwards, a crypto-asset investor and analyst, recently said that today has been a serious day for the fundamentals of BTC. Positive fundamental events include:
- MicroStrategy may be buying $900 million worth of BTC, pending the sale of corporate bonds to qualified institutional buyers.
- BlackRock has announced that it has started to dabble in BTC, confirming sentiment that has been floating about over the past few weeks.
- Digital asset firms have begun to file for Bitcoin ETFs once again.
What a day
👉 Microstrategy now buying up to an additional $1B Bitcoin
👉 Morgan Stanley has applied to SEC to launch a Bitcoin ETF
👉 BlackRock, the largest asset manager in the world, confirms they are getting into Bitcoin
— Charles Edwards (@caprioleio) February 17, 2021