Michael Saylor looked back on Strategy’s 2022 bitcoin crisis as proof the company could survive extreme stress, while more than 1,200 tech firms pushed the Senate to pass the CLARITY Act. XRP then showed signs of changing exchange behavior as withdrawals outpaced deposits, Satoshi’s famous lost-coin quote resurfaced amid renewed scarcity debate, and Elon Musk’s X rolled out X Money to Premium+ users as the platform pushed further into finance.
Key Takeaways:
Strategy’s 846,842 BTC survived 2022 stress as CTA’s 1,200 firms push Senate crypto clarity. XRP Binance withdrawals hit June 2024 highs as Satoshi’s 3.1M lost- BTC debate sharpened scarcity.X Money gave Premium+ users $10M FDIC cover, hinting Elon Musk’s finance push may add crypto.Michael Saylor Reflects on Strategy’s Bitcoin Crisis After BTC Fell Below $16K
Editor’s comment:
Mr. Saylor attempts to put the current market conditions into perspective, and does a decent job of reminding people of how dire things looked in 2022.
1,200 Tech Companies Push Senate to Pass CLARITY Act Quickly as US Crypto Rules Face Global Pressure
Editor’s comment:
It’s telling that the Consumer Technology Association (CTA) looks to primarily be pushing Democrat policymakers. Telling, but unsurprising.
XRP Withdrawal Activity Reaches Highest Level Since June 2024 on Binance
Editor’s comment:
Satoshi’s Lost-Coin Quote Hits 16-Year Mark as Millions of BTC Are Deemed Lost
Editor’s comment:
“Dying Bitcoins”, as they were called, was seen by Satoshi as a feature, not a bug. How many coins are lost looks to be an unsolvable mystery.
Elon Musk’s X Money Rolls Out to Premium+ Users With Up to $10 Million in FDIC Insurance
Editor’s comment:
