Michael Saylor: Bitcoin is a Lifeboat Tossed on a Stormy Sea, Offering Hope to Anyone Who Needs to Get off a Sinking Ship – Ethereum World News

Summary:

MicroStrategy CEO Michael Saylor has described Bitcoin as a lifeboat tossed on a stormy sea, offering hope t anyone that needs to get off their sinking ship.
Mr. Saylor also pointed out that Bitcoin will outlast all of us.

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MicroStrategy CEO: No One Has Ever Lost Money Investing in Bitcoin for Four Years – Ethereum World News

Key takeaways:

Michael Saylor has pointed out that anyone who has held onto Bitcoin for four years has never lost money.
Mr. Saylor also explained that MicroStrategy had backtested its Bitcoin strategy against alternatives such as gold and the Nasdaq, and it performed 10x better.

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MicroStrategy Could be Forced to Add More Bitcoin Collateral for its Loan if BTC Drops Below $21k – Ethereum World News

Summary:

Bitcoin’s drop to a local low of $22,600 has rekindled discussions surrounding MicroStrategy’s possible margin call on its $205 million loan if Bitcoin drops below $21k.

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Deus Finance Loses Over $3 Million in a Hack – Ethereum World News

Deus Finance lost over $3 million from the hack.
The hacker manipulated prices in a lending contract.
The team is working on a reimbursement plan for the victims.

DeFi project Deus Finance has experienced a hack, resulting in over $3 million being stolen.

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Bitcoin Recaptures the 50-day MA as Twitter Sentiment Turns Bullish – Ethereum World News

Bitcoin seems to have recaptured the 50-day moving average as support
Bitcoin is now firmly above the $34k price area, trading at the $34,720 at the time of writing
Bitcoin’s weekly close tonight will provide more information as to whether its bullish trajectory can be sustained
Twitter sentiment s

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Bitcoin Supply On Crypto Exchanges Begins to Drop as BTC Reclaims $33k – Ethereum World News

Bitcoin supply on crypto exchanges has once again started to drop, almost equaling January lows
Bitcoin outflows from exchanges have exceeded inflows by 2,333 BTC in the last 7 days
Elon Musk and ‘The ₿ Word’ Bitcoin conference is one reason BTC is bullish once again
Jack Dorsey stating that Bitcoi

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Tesla Will Most Likely Resume Accepting Bitcoin (BTC) – Elon Musk – Ethereum World News

Elon Musk has stated that Tesla will most likely resume accepting Bitcoin for car payments
He pointed out that Bitcoin mining had shifted more towards renewables as China clamped down on coal-powered BTC mining within its borders
Mr.

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Bitcoin Could Bottom at around $14k to $15k – BTC Analyst – Ethereum World News

Bitcoin could bottom at around $14k to $15k
Bitcoin also has a probability of bottoming at the 50-week moving average
The 50-week MA is providing support at current levels around $31k
Whichever scenario plays out, beginning to accumulate Bitcoin is not a bad idea
$31k is the Bitcoin level to watch

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Bitcoin’s Hash Rate Originating From China Falls Below 50% – Ethereum World News

Bitcoin miners based in China now control less than 50% of the total BTC hash rate
Hash rate originating within China is dropping as the government continues to crack down on Bitcoin mining
The United States is the biggest beneficiary of the migration of mining away from China
Bitcoin’s hash rate h

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