Bitcoin Holds Strong During More Bank FALLOUT

So what is this all about? It's the

bank

s and by the way, I have this chart here in case you're wondering what Deutsche Bank looks like against Bitcoin. In reverse direction. This is what is happening right now and if it measures all the

bank

s. The entire banking sector against Bitcoin, they are in inverse relationships right now, they are like that, so I want to talk about this Binance flood. People love to spread fun about Binance and I still don't see why people want to watch. Binance fails or the biggest exchange on Earth by far fails because I don't know, I don't really understand it.

People don't understand how big Binance is and if they fail it will be equivalent to the Federal Reserves going down. It would be completely disastrous, so again people are rooting for Binance to fall. You all need to go, but anyway, Binance has a little problem this morning, something with their corresponding engine, something that allows them to know all the transactions that happen. some kind of bug so they are working on it they stopped operations they stopped withdrawals okay and now if you look at everything cz is on top of it he really makes sure people know what's going on they had a practical meeting and now its first engine. is back online, but they have another engine that they are working on and you can see that the estimate to get everything back up and running is about 60 minutes, so they are working and they are communicating, that is the end result, so which it's not like they're in trouble, it's not like they're closing, it's not like they're pulling the rug out like a lot of people like to spread, uh, it's none of those things, they have a bug and they're working on it. it and they stay up to date.

So there you have it, there you have it. I just don't understand the idea around Binance. I just don't, I don't think people are spreading the word well, uh, it's funny about finances. I really understand the consequences if that happened it will be worse than Tether goes Belly Up uh other good news NASDAQ is looking to launch its own custody service Fidelity recently went public with its crypto exchange right? Infidelity is in many many other things, but NASDAQ wants to join all these big ones, these big institutions that want to jump. They don't want to miss anything, okay, so adoption awareness, usability, uh, all of these things are still growing by leaps and bounds right now from some of the biggest names, think about that and the president of El Salvador, Bukeli , wants to make a Savior even.

They are

more

friendly to Bitcoin and innovation, they basically want to exempt Piqua Innovation from taxes now, so they are really trying to go further when it comes to being friendly to Bitcoin and they are about to launch their volcanic Bitcoin bonds in a near future too. They are definitely pushing the limits and other countries are studying what they are doing. And California is quite interesting according to Bank of America. California is leading the way and may soon adopt blockchain tokenization, starting with vehicle titles. The way titles work is very archaic, right when you pay for a car you have to wait for the title to arrive properly and then if you're transferring to someone it's a very archaic way, you have to sign it, they sign it, you go to the DMV.

Okay, and it's transferred, think about if you could just transfer a token. Okay, they transfer it to you and then you transfer it to someone. That's right, if you own a token, you own that vehicle which would reduce the demand for paperwork. The power is multiplied by a hundred. And not only that, maybe you could do it with leases, you could also do it with financing. I mean, there are a lot of things you could do with this. It's still very early, no one is really thinking about it, but it could be happening in the near future.

I want to say the same thing with Deeds. I mean, you could do this with anything. I'm really referring to the use case for tokenization and fractional ownership. I mean, there's a lot to do, but getting right back to Bitcoin, you know what miners are ramping up as well. above I have shown charts where Bitcoin mining is now very profitable and the

more

profitable it becomes, generally the better it is for Bitcoin. We've seen a great correlation with that, but now take a look at the always high hash rate. Bitcoin is the only crypto where the price follows the hash rate not the other way around if you look at anything else that is still proof of work for example Litecoin or Doge or anything else like Chain and others usually what happens is that the hash rate follows the price if the price goes down the hash rate goes down the price goes up the hasher goes up but when it comes to

bitcoin

regardless of whether the price goes up or down the hash rate keeps going up.

I mean, that's how it works because Bitcoin miners know this is not a thing. You want to give this up, this is future wealth, what you are getting now, even if you are breaking even, is making a substantial amount of money in the future, this is the one thing you want to stock up on more. now rather than later because it is cheaper to do it now, the increase in the hash rate means that the difficulties increase, meaning that the amount needed to generate a Bitcoin or find a Bitcoin within a block is becoming increasingly more expensive , so you want to do what you want.

You can get as much now instead of later because you'll get a lot less later, and the same with DCA: you want to buy when things are cheap before it gets too expensive in the future when you try to buy Bitcoin. a million dollars versus 28,000 there is a big difference, so in the future you will get a fraction or some SATs versus a full coin, same concept. That's why Bitcoin mining, the miners continue to just mine and mine and mine and mine, they're not selling anything and they continue to increase their hash power. But ultimately this is good, that means the network is more secure, that's why the

bitcoin

network hasn't been hacked for over 10 years and has a hundred percent uptime for over 10 years. . the most secure, resilient and reliable network we have on the planet thanks to these miners, so think this is according to WD Gan, not sure who he is, probably someone famous. 50 backswings can happen in half the time.

Well, if you look at this, obviously we were at 69,000, we fell to 15,000. Now the recovery could take half the time it took to go down, well, if that's the case, by June or July we will be back. up to forty thousand dollars and there are many things that support this broad metrics fundamentals banking fears macro conditions there are many things that can drive this and make great things a reality