Happy Friday, Blockfolians
Pretty good week on the Team Crypto front. Ray Dalio and Carl Icahn both joined the fray. What’s more, permabull Cathie Wood had some really interesting nuggets on Bitcoin while speaking at CoinDesk’s Consensus.
That ESG pressure caused the recent Bitcoin down turn
That Bitcoin would thrive even in a deflationary environment
That central banks would start buying Bitcoin
Those comments were later aired on cable financial news, showing just what type of influence Cathie has.
The price action may be a little grim, but you can go into the long holiday weekend knowing that the foundations of crypto are stronger than ever.
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Highly Relevant Reading
The US Treasury is looking to expand crypto reporting
JP Dimon still no fan of bitcoin
Soulja Boy’s shill gaff
Tom Brady is a crypto investor
Crypto exchanges are doing insane volume.
Absolutely nuts. Crypto exchanges saw more than $2 trillion in volumes this month.
These volumes aren’t just giving equity exchanges a run for their money, they’re blowing them out of the park.
Another great one from Arthur Hayes
Faster than light travel achieved! Anpowered rocket ship could reach Alpha Centauri by 2030 powered by the growth of global central banks’ balance sheets. bit.ly/2RS3CsL
A Really Big Number We Should Be Paying Attention To
That’s the size of the investment round Circle just raised