BTCBitcoin $ 34 284 -7% $ -2 098
ETHEthereum $ 2 323 -9.40% $ -177
Market Cap-6.90% $ 1 545 593 063 275
DeFi Market Cap-7.20% $ 79 678 814 350
Hey #Moni Maker 🛴
Today is World Digestive Health Day. In this regard, we suggest that you stop eating all the thrash, which we are fed to the full by the traditional media. Scandals, intrigues, political showdowns, empty talk ... leave it all to the nocoiners. Our diet is Moni Talks digests.
And now is meal time! Let’s go!
Bitcoin is immortal
NEW: "I don't think anyone can shut it down now, given that this technology, this concept, is in 500 million people's heads," says @Binance CEO @cz_binance. "You can't erase that."@MuyaoShen reports from #Consensus2021 https://t.co/lmZI3NTxFO— CoinDesk (@CoinDesk) May 27, 2021
It is already impossible for a single entity to kill bitcoin and its underlying blockchain technology, so state governments and regulators should embrace blockchain technology and cryptocurrencies, said the chief executive of the world’s biggest cryptocurrency exchange.
“I don’t think anyone can shut it down now, given that this technology, this concept, is in 500 million people’s heads,” Binance CEO Changpeng “CZ” Zhao said in a pre-recorded interview shown during CoinDesk’s Consensus 2021 virtual conference. “You can’t erase that.”
Taxi drivers said Uber was a bad idea. The cafes said that Delivery Club was idiocy. What do we see?
If you can't beat 'em, join 'em. But, apparently, the regulators are so used to controlling slow sheep that they can no longer sit on a young and energetic bull...
He knows everything about Bitcoin
Of course CZ is great. Binance is cool. BNB ToTheMoon and so on. But if Maestro Tony B. were asked why bitcoin cannot be destroyed ... he would have crushed the author of such a question with a ton of facts.
But with adequate people, Tony is democratic and gives the necessary information about bitcoin in small portions. Now, by the way, is the time to uncover the educational suitcase and put something new there. Let’s go!
All models are wrong, some are useful. Part IX: NVT Ratio
NVT Ratio (Network Value to Transactions Ratio) is similar to the PE Ratio used in equity markets.
When Bitcoin`s NVT is high, it indicates that its network valuation is outstripping the value being transmitted on its payment network, this can happen when the network is in high growth and investors are valuing it as a high return investment, or alternatively when the price is in an unsustainable bubble.
Bitcoin`s NVT is calculated by dividing the Network Value (market cap) by the daily USD volume transmitted through the blockchain. Note that this is the equivalent of the bitcoin token supply divided by the daily BTC value transmitted through the blockchain. Thus it is technically an expression of inverse monetary velocity.
In the chart above, the NVT line has been filtered with a 14 day median, while I`ve left the raw values still faintly visible.
Icahn Capital announced that it is considering investing in cryptocurrencies "a relatively large amount" - "$ 1 billion or $ 1.5 billion." Its leader is billionaire Carl Icahn. And the company owns assets worth more than $ 23 billion.
The founder of the company is sure that cryptocurrencies have entered our life for a long time.
Let us remind you, that earlier Icahn compared the cryptocurrency with the land bubble in the Mississippi of the XVIII century, but now, he believed in the potential of the market.
Meme of the Day 😄
And you...buy Bitcoin! 😉 (it's a good time!)