Dave's Daily Crypto Take

DDCT #71 - 10/21/2021 (Why it could become ‘virtually impossible to dethrone’ ProShares Bitcoin ETF)


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#Bitcoin #ProsharesETF #Tether


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Dave's Daily Crypto Take


In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.


My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.


ARTICLES used in today's video:


https://bitcoinist.com/nayib-bukele-responds-to-steve-hanke-sarcastically-as-bitcoin-price-shoots/


Nayib Bukele Responds To Steve Hanke Sarcastically As Bitcoin Price Shoots


The price of Bitcoin has always been in a swinging motion that can surge or dip without notification. This confirms the volatile nature of cryptocurrency. El Salvador is one of the countries that has legally adopted BTC as legal tender. However, the first day of implementation of the law in September saw the price of BTC plummet.


Nayib Bukele, the President of El Salvador, reassured his people through Twitter that the country was buying the dip in the price of BTC. The same day, El Salvador increased its BTC holding with an extra 150 BTC coins.


https://decrypt.co/83942/jack-dorsey-nearly-predicted-bitcoin-block-include-all-time-high?utm_medium=referral&utm_campaign=feed&utm_source=flipboard


Jack Dorsey Nearly Predicted Which Bitcoin Block Would Include All-Time High

Jack Dorsey, part-time Twitter CEO and full-time Bitcoin maximalist, cryptically tweeted yesterday: "705742."

Was it the salary of his meditation guru? The number of hairs in his ever-expanding beard? Perhaps it was a butt-tweet.


https://theface.com/life/how-to-make-money-bitcoin-cryptocurrency-finance-digital-money


How can I make money from bitcoin?


You’ve been following this crypto stuff for some time now, but enough is enough. The ups and downs, confusing terminology and new innovations, who needs them?! It’s time for the digits, the money chasing, the straight-to-the-point, getting yourself an income boost through the mythical power that is crypto.


Want to know more? You’re in luck. Here’s a guide to turning your bitcoin, ethereum, solana and nanos into growth and cash. Just a warning, though – some aren’t easy, others aren’t lucrative and the rest aren’t going to happen overnight. In the words of modern prophet Mike Skinner: a grand don’t come for free. Let us break this down a little.


https://slate.com/technology/2021/10/tether-crypto-danger-ben-mckenzie.html?via=rss_flipboard


Untethered


Many things that are terrible for you in high doses are pretty fun in low ones. For example, I enjoy some light gambling, or used to before the responsibilities of adulthood robbed me of the luxury. Two good things about gambling: It’s social—at least if you do it in person—and you can drink alcohol while doing it. Sometimes you win, sometimes you don’t, but you get time with fellow humans, an adrenaline rush, and a story to tell later. As long as you’re doing it with money you can afford to lose and you know the risks involved, it’s usually fine.


https://ambcrypto.com/why-it-could-become-virtually-impossible-to-dethrone-proshares-bitcoin-etf/


Why it could become ‘virtually impossible to dethrone’ ProShares Bitcoin ETF


After almost a decade of rallying and anticipation, a Bitcoin-linked ETF started trading on the New York Stock Exchange (NYSE) for the very first time. Even as the speculation in the past few weeks leading up to the launch has catapulted the cryptocurrency near a new all-time high, the ProShares BTC Strategy ETF opened to a record-breaking first day in the market.


The ETF with the ticker name $BITO, which is backed by Bitcoin Futures, amassed over $1 billion in trading volume on its first day of trading. It has also ranked as the second-biggest ETF debut of all time, right behind BlackRock U.S. Carbon Transition Readiness ETF, which has the highest one-day influx yet, at $1,161,734,000.


https://alternative.me/crypto/fear-and-greed-index/


https://coinmarketcap.com/


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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.


Thank you very much


Dave



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Dave's Daily Crypto TakeBy Dave D