Thriller "A Bitcoin Zine"

Today we discuss Bitcoin in May

TradingShot Chart via Trading View

Bitcoin 57% Bitcoin Theory

Research and Analysis via Thriller Premium

Our May low should be 54K this month.

A16z to Launch $1B Crypto Venture Fund…Andreessen Horowitz (a16z) is assembling a third crypto venture fund, according to a report Friday in the Financial Times. Andreessen Horowitz‘s (a16z) second crypto fund showed the venture capital firm targeting specific areas to invest in the cryptocurrency space, which launched back in the summer of 2018 focusing on next-generation payments, decentralized finance (DeFi), new monetization models and Web3 (the concept of a decentralized internet).

The Federal Reserve on Wednesday said it would keep the benchmark U.S. interest rate near zero and keep buying assets at a rate of $120 billion a month.…Officials noted that “the sectors most adversely affected by the pandemic remain weak but have shown improvement,” also a change from the prior meeting’s statement. “Overall financial conditions remain suitable, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses,”“Inflation has risen, largely reflecting transitory factors.” (momentary)

SEC Delays VanEck Bitcoin ETF Decision to June at Earliest…The SEC announced Wednesday it was designating a longer deliberative period for the Bitcoin ETF application, saying it needed to ensure it has “sufficient time” to evaluate the proposal. There are 10 active bitcoin ETF applications, including VanEck’s, and the agency is currently looking at three of them. “The Commission designates June 17, 2021, as the date by which the Commission shall either approve or disapprove. The SEC can take up to 240 days to determine whether it will approve or disapprove the ETF application. To date the agency has taken the full 240 days for most of the bitcoin ETF applications it has considered, and then rejected every application.

Keep in mind…

Rumors of Walmart allocating to Bitcoin…Walmart says it will report before market open on May 18. Walmart owning bitcoin will create the ultimate exposure for Bitcoin to blue collar Americans and trigger a global monetary paradigm shift that is long overdue. They generated free cash flow of $25.8 billion for the fiscal year ending Jan 31, 2021, which increased when compared to $14.6 billion for the fiscal year ending Jan 31, 2020. So yes they have a couple billy to put into Bitcoin.

We have both Consensus by CoinDesk and Ethereal Virtual Summit in May…yes both will be online again this year. But we are expected to get some bullish news from both conferences, we can expect to be hearing all sorts of news & announcements from everyone in the industry this month. Ethereal Summit on the 6th & 7th, Consensus 24th - 27th.

Tether now allowed on CoinBase Pro…Coinbase announced Wednesday via a tweet it had decided to again further delay the launch on Coinbase Pro until 6 p.m. PT on May 3. It marks the second time in two days the company has decided to postpone USDT. This is bullish for Bitcoin…for all the reasons we are unable to discuss publicly.

Research and analysis of the Bitcoin market tells me…

Bitcoin is going to soar in May. Get your popcorn ready!🍿

More and more past Bitcoin “holders” are pro Ethereum now.

Why all the sudden change? This has more to do with them shilling to institutional investors than anything else.

"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust." - Satoshi Nakamoto

🚀 Get Ready for a Bitcoin Explosion in May or a Massive Dump!

chart coming from TradingShot via TradingView

Thriller Premium is covering Texas A&M Bitcoin Conference 2021 for the first year, because Texas is making a significant push to bring the Bitcoin industry into our state. The Texas A&M Bitcoin Conference speaks to a broad community of students, faculty, former students, and the general public about Bitcoin. Featuring speakers from academia and industry, the conference will engage audiences at all levels – from freshman to faculty and beyond.

Discussions will organize into areas including:

economic foundations

underlying technology

business and finance

law/policy/regulatory landscape

Presented by the Mays Innovation Research Center, this conference lives into the center’s mission to understand innovation and how it benefits society, and to distribute this knowledge broadly to students, scholars, policymakers, and the public. The conference aims to host a healthy debate on the current state and future of Bitcoin.

We are excited as hell to cover this conference this year and bring you all the latest highlights.

Highlights

Economics of Bitcoin: Hagen Kim, Parker Lewis

Crypto Hedge Funds: Travis Kling, Jesse Proudman

The Bitcoin Protocol: Jimmy Song, Michael Flaxman, Parker White, J. Maurice Rojas

Thriller Premium is covering Texas A&M Bitcoin Conference 2021 for the first year, because Texas is making a significant push to bring the Bitcoin industry into our state. The Texas A&M Bitcoin Conference speaks to a broad community of students, faculty, former students, and the general public about Bitcoin. Featuring speakers from academia and industry, the conference will engage audiences at all levels – from freshman to faculty and beyond.

Discussions will organize into areas including:

economic foundations

underlying technology

business and finance

law/policy/regulatory landscape

Presented by the Mays Innovation Research Center, this conference lives into the center’s mission to understand innovation and how it benefits society, and to distribute this knowledge broadly to students, scholars, policymakers, and the public. The conference aims to host a healthy debate on the current state and future of Bitcoin.

We are excited as hell to cover this conference this year and bring you all the latest highlights.

Highlights

Bitcoin 101: Dan Held

Bitcoin and Corporate America: Michael Saylor

Bitcoin as an Asset Class: Ray Dalio, Joe Dowling, and Britt Harris

Crypto: Views from the Fed and Silicon Valley: Tim Draper and Rob Kaplan

Coinbase Closes First Day of Trading Down 14% From Debut Price

news coming from Decrypt

Coinbase went public today, debuting on Nasdaq at $381 per share.

It shot up to $424 before tumbling to $310, and ended the day at $328.

That’s still 31% higher than its reference price.

Coinbase wrapped its first day of public trading on Nasdaq with a share price of $328.

It’s down 14% from its debut at $381, but still up 31% from the reference price of $250.

The public debut of $COIN marks an important moment for the crypto…

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Coinbase Direct Listing Reportedly Scheduled for April 14

Coinbase could debut on the Nasdaq on April 14, but the date is fluid, according to a report.

news coming from Bloomberg

Coinbase Global Inc., the largest U.S. cryptocurrency exchange, said it’s planning to make its trading debut on April 14 under the ticker, “COIN” The company’s registration statement for the listing has been declared effective by the U.S. Securities and Exchange Commission,

The direct listing on the Nasdaq Stock Market had earlier been pushed back from March.

As with other…

Today we discuss Bitcoin in April

TradingShot Chart via Trading View

Bitcoin Market Health

Charts via Glassnode Studio

The network difficulty is a relative measure of how hard it is to mine a new block for the Bitcoin blockchain. Meanwhile, simultaneous rising hash rate and mining difficulty suggest that miners are continuing to allocate a record number of resources to secure and invest in the network.

With the hash rate currently at record levels of around 170 EH/s, the difficulty adjustment, which occurs every 2016 blocks, makes sure that the time…

Bitcoin Bitcoin Bitcoin

news coming from Glassnode

The Bitcoin market has continued to consolidate between $53.6k and $61.5k as announcements of further Bitcoin adoption come out from traditional finance giants Morgan Stanley and Visa. Morgan Stanley has launched access to three bitcoin investment vehicles, available for their high net worth clients and investment firms. Visa has also followed the Mastercard lead in the path to enabling bitcoin purchases via the Visa network. Bitcoin becomes harder to ignore at an increasing rate.

Bitcoin Channel Up

Bitcoin Charts by TradingShot via TradingView

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Digital Dollar Would Have to Coexist With Cash: Fed Chairman

Jerome Powell today said that a central bank digital currency (CBDC) wouldn’t remove the need for physical cash.

news coming from Tim Copeland via Decrypt

US Federal Reserve Chairman Jerome Powell today indicated that central bank digital currencies (CBDCs), such as a potential “digital dollar”, wouldn’t replace cash.

The Fed is still researching a digital dollar.

“One of the three key principles highlighted in the report is that a CBDC needs to coexist with cash and other types of money in a flexible and innovative payment system,”

CBDCs are different from decentralized digital assets like Bitcoin because they are controlled by one entity: a central bank.

CBDCs have two basic designs: “retail” for peer-to-peer payments, and “wholesale,” intended for banks to buy and sell financial assets and to replace Real Time Gross Settlement (RTGS) systems.

VanEck's Bitcoin ETF Application Published By SEC

news coming from Scott Chipolina of Decrypt

The Satoshi Standard is Near: Visa Is Working to 'Enable Bitcoin Purchases’

news coming from Andrew Asmakov of Decrypt

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