The Lindy Effect Explained
The Lindy Effect suggests that the longer something has been around, the more likely it is to last even longer. Originally coined at Lindy Deli, this concept applies to various fields, from technology to finance, where time-tested things tend to outlive newer alternatives.
Here’s how it works:
- Technology: Older, established technologies are likely to remain relevant longer.
- Finance: Proven, long-term investment strategies often outlast trendy, short-lived options.
- Culture: Classic art, literature, and music continue to thrive due to their enduring impact.
The Lindy Effect suggests that the longer something has been around, the more likely it is to last even longer. Originally coined at Lindy Deli, this concept applies to various fields, from technology to finance, where time-tested things tend to outlive newer alternatives.
Here’s how it works:
- Technology: Older, established technologies are likely to remain relevant longer.
- Finance: Proven, long-term investment strategies often outlast trendy, short-lived options.
- Culture: Classic art, literature, and music continue to thrive due to their enduring impact.
🚀 Bernstein’s $200K Bitcoin Price Prediction is 'Conservative' for 2025!
Bernstein analysts are setting the bar high (or low? 🤔) for Bitcoin, predicting a conservative price of $200,000 by the end of 2025!
They urge skeptics to reconsider Bitcoin as a store of value, especially with the U.S. debt hitting a staggering $35 trillion and inflation threats looming. 💸
“If you like gold, you should love Bitcoin even more,” says Bernstein's Gautam Chhugani, adding that Bitcoin’s limited supply could be a major hedge in this uncertain world. 🌍💰
For those hesitant about buying BTC directly, they suggest alternatives like shares in MicroStrategy, Riot Platforms, and CleanSpark.
Bernstein analysts are setting the bar high (or low? 🤔) for Bitcoin, predicting a conservative price of $200,000 by the end of 2025!
They urge skeptics to reconsider Bitcoin as a store of value, especially with the U.S. debt hitting a staggering $35 trillion and inflation threats looming. 💸
“If you like gold, you should love Bitcoin even more,” says Bernstein's Gautam Chhugani, adding that Bitcoin’s limited supply could be a major hedge in this uncertain world. 🌍💰
For those hesitant about buying BTC directly, they suggest alternatives like shares in MicroStrategy, Riot Platforms, and CleanSpark.
🇧🇹 The Government of Bhutan Sells Bitcoin!
In the last hour, Bhutan transferred 929 BTC (worth $66 million) from its wallets to Binance. Currently, they still hold 12,456 BTC (about $886.8 million) on their balance.
What’s behind this massive sell-off? 👀 Stay tuned for updates!
In the last hour, Bhutan transferred 929 BTC (worth $66 million) from its wallets to Binance. Currently, they still hold 12,456 BTC (about $886.8 million) on their balance.
What’s behind this massive sell-off? 👀 Stay tuned for updates!
🇨🇳 China Prepares Massive $1.4 Trillion Stimulus Package!
China’s top legislative body will meet from Nov 4-8, weighing a potential $1.4 trillion fiscal stimulus package to bolster the economy and manage local debt risks. The package could grow if Trump wins re-election, as Beijing anticipates heightened economic pressures. 💰
The plan marks one of the biggest stimulus moves since the pandemic, potentially reshaping China’s economic landscape! 🌐
Arthur Hayes predicts that this flood of new yuan will push Bitcoin to soar, as Chinese citizens use the decentralized asset as a hedge against currency devaluation and rising inflation.🚀
China’s top legislative body will meet from Nov 4-8, weighing a potential $1.4 trillion fiscal stimulus package to bolster the economy and manage local debt risks. The package could grow if Trump wins re-election, as Beijing anticipates heightened economic pressures. 💰
The plan marks one of the biggest stimulus moves since the pandemic, potentially reshaping China’s economic landscape! 🌐
Arthur Hayes predicts that this flood of new yuan will push Bitcoin to soar, as Chinese citizens use the decentralized asset as a hedge against currency devaluation and rising inflation.🚀
Bitcoin ETF assets have reached 53% of the size of Gold ETFs in the first 10 months of trading. 📊
Currently, $138 billion is held across 35 U.S.-based gold ETFs, while Bitcoin ETFs have attracted over $70 billion in 2024. 💰
It’s worth noting that the first Gold ETFs launched 20 years earlier, back in 2004.
Currently, $138 billion is held across 35 U.S.-based gold ETFs, while Bitcoin ETFs have attracted over $70 billion in 2024. 💰
It’s worth noting that the first Gold ETFs launched 20 years earlier, back in 2004.
🇬🇧 A British pension fund has invested $2,000,000 in Bitcoin.
Unlike other funds, the fund chose to buy BTC directly instead of investing in crypto ETFs.
Cartwright also announced the launch of the Bitcoin Employee Benefits scheme, which will allow employers to transfer payments in BTC directly into employees' wallets. So far, 5 companies have already expressed interest.
Unlike other funds, the fund chose to buy BTC directly instead of investing in crypto ETFs.
Cartwright also announced the launch of the Bitcoin Employee Benefits scheme, which will allow employers to transfer payments in BTC directly into employees' wallets. So far, 5 companies have already expressed interest.
Spotlight on XRP: 21Shares Files for Spot XRP ETF with the SEC
In a significant development, asset manager 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), following similar applications by Canary Capital and Bitwise.
According to the recent Form S-1 filing, 21Shares aims to list its Core XRP Trust shares on the Cboe BZX Exchange, providing investors with indirect exposure to XRP. Coinbase Custody Trust Company is set to act as the custodian for XRP holdings, should the SEC approve the filing.
The SEC has already greenlit Bitcoin and Ether ETFs but remains undecided on XRP due to Ripple Labs' ongoing legal battles. This includes an appeal over a judge’s ruling that XRP is not classified as a security in programmatic sales on exchanges.
In a significant development, asset manager 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), following similar applications by Canary Capital and Bitwise.
According to the recent Form S-1 filing, 21Shares aims to list its Core XRP Trust shares on the Cboe BZX Exchange, providing investors with indirect exposure to XRP. Coinbase Custody Trust Company is set to act as the custodian for XRP holdings, should the SEC approve the filing.
The SEC has already greenlit Bitcoin and Ether ETFs but remains undecided on XRP due to Ripple Labs' ongoing legal battles. This includes an appeal over a judge’s ruling that XRP is not classified as a security in programmatic sales on exchanges.
💰 Users of the decentralized betting platform #Polymarket are almost certain that $BTC will hit the $100,000 level in 2024. The probability of this happening is estimated at 94%.
🚨 LATEST: 💰 Van Eck has reissued its $180,000 price target for Bitcoin at the peak of the current cycle.
FYI: 💰 MicroStrategy now holds 331,200 #Bitcoin. In Q4 2024, they've increased their Bitcoin holdings by over 31% 🔥
Cardano founder Charles Hoskinson Predicts Bitcoin Could Hit $500K in 2 Years, Likening It to Gold for the Internet 💡📈
“It is my belief that Bitcoin is going to go to $250,000 to $500,000 within the next 12 to 24 months because of the investment inflows and the great interest that has been achieved,”
“It is my belief that Bitcoin is going to go to $250,000 to $500,000 within the next 12 to 24 months because of the investment inflows and the great interest that has been achieved,”
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