Bitcoin’s Week That Was. 28th March
including the Broader Crypto Market & Economy.
Mon 22nd — Sun 28th March 2021
1. This week 32,000 Bitcoin (1.8B USD) moved off of exchanges and into cold storage. On the 25th March alone, sore the biggest 1 day draw down in the last 12months
2. Bitcoin has now transferred $4,000,000,000,000 around the world without needing a bank, government, or third party.
3. The Gold Coast, Australia has its first Bitcoin ATM. It swallows your dirty fiat paper currency and exchanges it for Bitcoin! So of course I had to give it a go
4. On the 27th March, Bitcoin had a 1 day candle bounce off the 50DMA of more than 7%. The last time this happened, the price eventually went on to double in 6 weeks. (Jan 28, 2021 — Mar 13, 2021)
5. The state of Kentucky just passed two laws that give Bitcoin Miners tax breaks on electricity and clean energy incentives!
6. A New Zealand Kiwisaver fund (Pension Fund) announced it had deployed 5% into BTC back in October 2020
7. Microsoft and a community of contributors, ION just launched a Layer 2 Decentralized ID network running on Bitcoin.
8. Bitcoins hashrate hits all-time high of 162 EH/s.
9. Goldman Sachs has now filed for a Bitcoin ETF (to add to the ever growing list of BTC ETF filings)
10. You can now buy a Tesla with Bitcoin.
Matthew Lewis
