Jimmy Floyd / Crypto Bull is on Nostr

Bitcoin Expert Trader #BTC Follow me to learn Bitcoin Anatomy and Analysis 💥author of 5 Cryptocurrency books

Last Notes

2024-11-01 23:24:24

💲 The Bitcoin ecosystem just hit a major milestone with the full activation of Stacks Nakamoto upgrade at block 867867.
📝 For those unfamiliar, Stacks is a Layer 2 solution built on top of Bitcoin.
🍿 What You Need to Know About the Nakamoto Upgrade and Bitcoin DeFi:
1️⃣ DeFi Potential: Currently, just 0.012% of Bitcoin is used in DeFi. The upgrade aims to expand Bitcoin-backed lending, stablecoins, and other DeFi functions.
2️⃣ Faster Transactions: Using the Stacks Layer 2, transactions process in under 5 seconds, compared to Bitcoin’s 10-minute block time, without changes to Bitcoin's core.
3️⃣ Security: Nakamoto’s model maintains Bitcoin’s established security level while enabling faster, more flexible transactions.
4️⃣ New Programming Language: Clarity, designed specifically for Bitcoin, allows secure programming for DeFi.
5️⃣ Proof of Transfer (PoX): PoX links Stacks and Bitcoin economically, it let users secure the network by locking STX and earn BTC rewards. https://image.nostr.build/c92efe3f4041e015e326b88e362c5e8163b6ec3e925c01a6440b52691e63aaae.jpg

2024-11-01 23:24:24

2024-11-01 20:49:18

🇺🇸U.S Bitcoin spot ETFs have hit 53% of Gold ETF assets in just 10 months of trading
With $70B poured into Bitcoin ETFs in 2024, they're already rivaling the $138B held across 35 U.S. Gold ETFs — which, had a 20-year head start since their launch in 2004.
ETF to market cap ratio shows how much demand there is for BTC
$70b - $1.4T
$140b - $18T

2024-11-01 20:49:18

2024-10-30 15:30:29

U.S. spot Bitcoin ETFs had inflow of $870M yesterday, the third largest inflow since launch. https://image.nostr.build/76effa5e9e8eff5abc0841751d5713c60b58850a76e9624a2c6a7abc57213695.jpg

2024-10-30 15:30:29

U.S. spot Bitcoin ETFs had inflow of $870M yesterday, the third largest inflow since launch. https://image.nostr.build/76effa5e9e8eff5abc0841751d5713c60b58850a76e9624a2c6a7abc57213695.jpg