Bitcoin’s Week That Was
including the Broader Crypto Market & Economy.
Mon 15th — Sun 21st March
Bitcoin is now worth more than the 3 largest payment services in the world…COMBINED!! (PayPal, Visa, Mastercard)
The Central Bank of Nigeria has reversed their ban on Bitcoin (lasting only 5 weeks).
Publicly listed companies now hold over 179,500 BTC (aka over 10B). These holdings more than doubled in the last year.
If you didn’t buy Bitcoin last month because it was “Too expensive” at $64,000aud, than you already missed out on a +20% return.
The U.S government printed another stimulus package of 1.9Trillion US dollars, taking the total to 5.3Trillion printed in the last 12months (which is equal to $43,000 per household in the US)
A piece of “Digital Artwork” (NFT) aka a Jpeg image, sold for $69million US.
Brazil has approved a Bitcoin ETF (exchange traded fund)
Skybridge applies for a Bitcoin ETF, which takes us to 5 pending Bitcoin ETF’s with the SEC in the USA
Canada’s Bitcoin ETF that was approved last month, has already grown to over 1Billion dollars in assets under management. If any United States ETF grew that quickly, proportionally, it would have broken all records.
Matthew Lewis
