Curve founder: Bitcoin's narrative logic is “replace the US dollar as the world reserve currency”.
DeFi analyst Ignas asked about the core narrative for current Bitcoin longs, and Curve founder Michael Egorov replied that Bitcoin's logic is “replace the US dollar as the world reserve currency” (World reserve currency instead of USD).
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@DefiIgnas World reserve currency instead of USD
JUST IN: CYPHERPUNK LEGEND ADAM BACK JUST SAID HE HAS SEEN #BITCOIN DROP "85% MULTIPLE TIMES"
"IT DOESN'T MAKE A DIFFERENCE AT ALL"
"ONE BITCOIN IS ONE BITCOIN"
"YOU'RE BETTER OFF TO JUST HODL THROUGH THE BEAR MARKET" 🔥✊ https://t.co/NRVaFWTmIV
BTC, quite weak shape
On the 4-hour chart it failed to bounce back to the mid‑60K range, couldn't hold 62K, and is now in the low‑60K region
Both futures and spot CVD are moving negative
It feels less like a temporary wick pull‑back and more like the market is starting to shed risk ahead of the CPI
Today's focus is whether $60K can be defended
If not, the next level around $58K will become visible https://t.co/iwzJNPnlPj
BTC
Rather than talking about the halving/4‑year cycle or what Strategy Co. is saying, the main cause of the decline is massive outflows from ETFs
Since tomorrow’s CPI at 21:30 (Japan time) on the 10th will dictate the market, it’s a market where you can’t act rashly
If CPI is above 4% it will be bearish
Preisprognose
Wann ist ein guter Zeitpunkt, um BTC zu kaufen? Soll ich BTC jetzt kaufen oder verkaufen?
Beacon Vorhersage
Probabilistische Preisprognose (nächste 24 Stunden)Diese Prognose ist ein experimentelles technisches Produkt und wird lediglich zu Informationszwecken angegeben. Dies stellt keine Anlageberatung dar. Unerwartete Ereignisse in der realen Welt können erhebliche Auswirkungen auf das Marktverhalten haben. Händler sollten Entscheidungen mit Vorsicht treffen.
How Many Bitcoins Are There?
How Much Is Bitcoin Today?
What Is Bitcoin Mining?
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
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