Crypto AM Friday with Jason Deane

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Crypto Sneak Peek with Jason Deane

As U.S. lawmakers continue to argue over the details of the infrastructure bill containing the crypto legislation, China is expelling the last of Bitcoin’s miners, and nearly all nations continue to print money to one. Unprecedented rate, Bitcoin continues to build and grow quietly in the background, one block at a time.

There were only four weeks left before Bitcoin became legal tender in El Salvador. On September 7, six million people will have the option to accept or use Bitcoin for any transaction within the country’s borders. At the same time, Paraguay, Uruguay and Tonga are already in the process of legalizing payments via Bitcoin in one form or another through their respective governing bodies. And they are not alone. Just yesterday Argentina’s President Alberto Fernandez made it clear that he was open to his country making crypto a bigger part of the economy.

Even in undemocratic countries where government is absolute, more and more citizens are using Bitcoin to protect their wealth from the collapse of fiat currencies. Nowhere has this been better explained than in this excellent essay on recent developments in Cuba, written and published this week by Alex Gladstein. Times, like Bob Dylan croaked, are changing

This is probably why the Bitcoin adoption rate has continued to increase over the past few months. A few weeks ago I mentioned some high-level adoption numbers in my Crypto AM Friday summary based on a report that had just come out at the time, but a few days ago I was able to perform a further analysis. The results, covered in this article, are truly amazing, but the TL version; DR is that not only has Bitcoin adoption increased, but the adoption rate has increased. And significantly.

In other words, by the time you finish reading this short 2 minute summary, approximately 330 more people will have joined the Bitcoin population around the world, a rate that is 587% faster than it was. only 2 years ago.

Where will we be in two years?

Have a good week-end!

Jason

The Crypto AM London Blockchain & DeFi Summit will be held on September 29th and 30th

The first day will be held in two pavilions hosting the Crypto AM City of London Roundtables so that delegates can meet and network with each other and learn from great discussions and discussions.

Day two will be Summit Day (streaming and live audience) at the Leonardo Royal Hotel, St Paul’s, ending with the Black Tie Gala Dinner in the same venue where the 2021 Crypto AM Awards winners will be revealed.

For speaking opportunities, partnership packages or attendance (tickets will be strictly limited and on request), please send an email to:

[email protected]

using the CRYPTOAM SUMMIT subject line

Would you like to help spread Bitcoin adoption and education in the UK and even stack some stats while you do? Well, now you can!

The Bitcoin Pioneers community, supported by Barry Silberts Digital Currency Group, was created to introduce Bitcoin to a mainstream audience in a meaningful way and now has members across the UK.

We share tips, stories, and ideas on how to encourage others to try Bitcoin for the first time. And, thanks to Luno’s support, each Pioneer gets 500 Bitcoins per month to share with newbies, helping them get started.

So, if you are passionate about Bitcoin, why not join us today? Click here to find out more!

All comments on Crypto AM Daily in association with Luno are welcome by email at [email protected]

Hier Crypto AM Daily in association with Luno

On the stairs

The Bitcoin Economy

* Definitions and information can be found at https://bytetree.com/insights/

Total crypto market capitalization

The total capitalization of the entire cryptocurrency market at the time of writing is currently $ 1,899,162,240,695.

What did bitcoin do yesterday

We closed yesterday, August 12, 2021, at a price of $ 44,428.29, down from $ 45,593.64 the day before.

Yesterday’s daily high was $ 46,228.91 and the daily low was $ 43,861.45.

Around the same time last year, the price of bitcoin closed the day at $ 11,784.14. In 2019, it closed at $ 10,051.70.

Bitcoin market capitalization

The market capitalization of Bitcoin at the time of writing is $ 861.37 billion. To put it in context, the market cap of gold is $ 11.18 trillion and Facebook is $ 1.022 trillion.

Bitcoin volume

The total spot trading volume reported by all exchanges in the past 24 hours was $ 30,461,638,769, down from the previous day of $ 35,563,826,905. High volumes can indicate that a significant price movement has stronger support and is more likely to be supported.

Volatility

Bitcoin’s price volatility over the past 30 days is 55.2%.

Index of fear and greed

Market sentiment today is 70.

Dominance of the Bitcoin market

Bitcoin’s market dominance today is 45.32, its lowest dominance on record was 37.09 on January 8, 2018.

Relative Strength Index (RSI)

The daily RSI is currently 69.09. Values ​​of 70 or more indicate that an asset is becoming overbought and may be ready for a trend reversal or price correction. An RSI reading of 30 or less indicates an oversold or undervalued condition.

Convince Your Nan: Soundbite of the Day

“I don’t want to go too far on a limb […] but there is no reason to say no. This may be a good way to go.

Argentina’s President Alberto Fernandez on whether the country will make bitcoin legal tender

What they said yesterday

Editor’s Choice Crypto AM

OccamFi receives strategic investment from Cardano early stage VC Fund

Proof of Stake gives us a real opportunity for change

Fabric Ventures Announces $ 130 Million Fund to Invest in Digital Assets and Decentralization

US moves closer to cryptocurrency tax after last minute bill added

What needs to happen with cryptocurrencies to make it easier for regulators to accept this industry

London Crypto Executives Book Blows Off Shelves

Crypto AM: longer reads

City AM Markets: What is Decentralized Finance (DeFi) by Aave

Crypto AM: Conversation with James Bowater

Crypto AM: Market View in association with Ziglu

Crypto AM: Technically speaking in association with Zumo

Crypto AM: a traders view with TMG

Crypto AM: Money Tomorrow with Gavin S Brown

Crypto AM: Mixing in the Metaverse with Dr Chris Kacher

Crypto AM: Visions of the Future, Past and Present with Alex Lightman

Crypto AM contributor: Jilian Godsil

Crypto AM: Legal Talking

Crypto AM: Spotlight

Crypto AM: Founders Series

Crypto AM: voice of the industry

Crypto AM: Tiptoe Through Crypto With Monty Munford

Crypto AM: Definitely DeFi

Parliamentary Special Crypto AM

Part one of both April 21-22, 2021

Part two of two April 21-22, 2021

Five-part series March 8-12, 2021

Day one

Day two

Day three

Day four

Fifth day

Crypto AM events

For those of you who missed the Crypto AM DeFi & Digital Inclusion Online Summit – you can now watch the two-part event via YouTube

Part one

Second part

Cautionary Notes

It is certainly tempting to get carried away by the excitement, but please heed these warning words: do your own research, invest only what you can afford, and make good decisions. The indicators in this article will hopefully help you. Please keep in mind, however, that the content of this article is for informational purposes only and does not constitute investment advice or any form of recommendation or invitation. City AM, Crypto AM, and Luno always advise you to get your own independent financial advice before investing or trading in cryptocurrency.

All information correct at 08:00 BST

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