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Do not worry! Here is why Bitcoin is still bullish (February roundup)

* [BitPay Card Adds Support for Apple Pay](https://www.businesswire.com/news/home/20210212005047/en/BitPay-Card-Adds-Support-for-Apple-Pay)
* [Bitfinex repays tether balance](https://www.theblockcrypto.com/post/93905/bitfinex-repays-tether-remaining-loan-balance-550-million)
* [Bitcoin hits ATH >$57000](https://finance.yahoo.com/quote/BTC-USD/chart?p=BTC-USD#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-)
* [BNY Mellon Announces Crypto Custody and Spies Integrated Services](https://www.coindesk.com/bny-mellon-announces-crypto-custody-and-spies-integrated-services)
* [Twitter CEO Jack Dorsey plans fund for Bitcoin development in India as govt mulls cryptocurrency ban](https://www.livemint.com/news/india/twitter-ceo-jack-dorsey-plans-fund-for-bitcoin-development-in-india-as-govt-mulls-cryptocurrency-ban-11613115344567.html)
* [Deutsche Bank Quietly Plans to Offer Crypto Custody, Prime Brokerage](https://www.coindesk.com/deutsche-bank-crypto-custody-prime-brokerage)
* [Miami Pushes Crypto With Proposal to Pay Workers in Bitcoin](https://www.bloomberg.com/news/articles/2021-02-11/miami-mayor-pushes-crypto-with-offer-to-pay-workers-in-bitcoin)
* [CRYPTOCURRENCY
BlackRock’s Rick Rieder says the world’s largest asset manager has ‘started to dabble’ in bitcoin](https://www.cnbc.com/2021/02/17/blackrock-has-started-to-dabble-in-bitcoin-says-rick-rieder.html)
* [Bitcoiner Elected to US Senate: Cynthia Lummis Sees ‘Great Promise’ in Bitcoin](https://news.bitcoin.com/senate-election-cynthia-lummis-bitcoin/)
* [Mastercard Will Begin Facilitating Cryptocurrency Transactions in 2021](https://www.investopedia.com/mastercard-will-begin-facilitating-cryptocurrency-transactions-in-2021-5112531)
* [Square bought $170 million worth of bitcoin](https://www.cnbc.com/2021/02/23/square-buys-170-million-worth-of-bitcoin.html#:~:text=Square%20bought%20%24170%20million%20worth%20of%20bitcoin%2C%20the%20company%20revealed,of%20the%20end%20of%202020.)
* [Tesla buys $1.5 billion in bitcoin, plans to accept it as payment](https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html)
* [Dapper Labs raises $12 million from NBA stars, Samsung, Coinbase](https://www.ledgerinsights.com/dapper-labs-raises-12-million-from-nba-stars-samsung-coinbase/)
* [Jack Dorsey and Jay Z invest 500 BTC to make Bitcoin ‘internet’s currency’](https://techcrunch.com/2021/02/12/jack-dorsey-and-jay-z-invest-23-6-million-to-fund-bitcoin-development/#:~:text=Twitter%20and%20Square%20CEO%20Jack,the%20endowment%20called%20%E2%82%BFtrust.)
* [MicroStrategy Acquires Additional 19,452 Bitcoins for $1.026 Billion](https://www.microstrategy.com/en/investor-relations/press/microstrategy-acquires-additional-19452-bitcoins-for-1-026-billion_02-24-2021)

Fasten your seatbelts my good folk….



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7 Comments

  1. Anybody that is worried by the current “dip” didn’t believe in any coin they invested in and was hoping for a pump and dump. Change my mind.

    Edit: took the quotes off dip then put them back because OP is salty

  2. I’m all for an extended bull run, but who’s to say that the fact that we’re slumping despite the wave of good news isn’t an indicator that we’re on the downswing? Here are some brief counterpoints to consider for each. I raise these not to imply that we are heading towards a bear market (no one really knows of course), but as a reminder that there are very real risks here and a string of positive news stories doesn’t necessarily mean as much as you might think. No one can predict how the market will evolve or what could trigger either a huge spike or a collapse.

    * [BitPay Card Adds Support for Apple Pay](https://www.businesswire.com/news/home/20210212005047/en/BitPay-Card-Adds-Support-for-Apple-Pay) – Not really a cosign by any entity outside of crypto
    * [Bitfinex repays tether balance](https://www.theblockcrypto.com/post/93905/bitfinex-repays-tether-remaining-loan-balance-550-million) – Same as above, just means nothing destabilizing has happened
    * [Bitcoin hits ATH >$57000](https://finance.yahoo.com/quote/BTC-USD/chart?p=BTC-USD#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-) – Does not say much as to what its price will be tomorrow.
    * [BNY Mellon Announces Crypto Custody and Spies Integrated Services](https://www.coindesk.com/bny-mellon-announces-crypto-custody-and-spies-integrated-services) – Great but the barrier to entering crypto is already pretty low in a lot of places BNY Mellon services
    * [Twitter CEO Jack Dorsey plans fund for Bitcoin development in India as govt mulls cryptocurrency ban](https://www.livemint.com/news/india/twitter-ceo-jack-dorsey-plans-fund-for-bitcoin-development-in-india-as-govt-mulls-cryptocurrency-ban-11613115344567.html) – Announcement of a plan does not translate into price stability until years later if it is properly realized
    * [Deutsche Bank Quietly Plans to Offer Crypto Custody, Prime Brokerage](https://www.coindesk.com/deutsche-bank-crypto-custody-prime-brokerage) – Similar to BNY Mellon announcement
    * [Miami Pushes Crypto With Proposal to Pay Workers in Bitcoin](https://www.bloomberg.com/news/articles/2021-02-11/miami-mayor-pushes-crypto-with-offer-to-pay-workers-in-bitcoin) – Highly unlikely to pass if I had to guess.
    * [CRYPTOCURRENCY BlackRock’s Rick Rieder says the world’s largest asset manager has ‘started to dabble’ in bitcoin](https://www.cnbc.com/2021/02/17/blackrock-has-started-to-dabble-in-bitcoin-says-rick-rieder.html) – Not the most exciting cosign and did not seem to move the market too much
    * [Bitcoiner Elected to US Senate: Cynthia Lummis Sees ‘Great Promise’ in Bitcoin](https://news.bitcoin.com/senate-election-cynthia-lummis-bitcoin/) – A single senator is not especially influential.
    * [Mastercard Will Begin Facilitating Cryptocurrency Transactions in 2021](https://www.investopedia.com/mastercard-will-begin-facilitating-cryptocurrency-transactions-in-2021-5112531) – They’ve specifically mentioned that Bitcoin is too volatile to support, and most speculation suggests they will start with stablecoins and/or CBDCs, which won’t be of help to the coin going up in value during the bull run
    * [Square bought $170 million worth of bitcoin](https://www.cnbc.com/2021/02/23/square-buys-170-million-worth-of-bitcoin.html#:~:text=Square%20bought%20%24170%20million%20worth%20of%20bitcoin%2C%20the%20company%20revealed,of%20the%20end%20of%202020.) – Great! But now that this is done, it doesn’t have much further impact.
    * [Tesla buys $1.5 billion in bitcoin, plans to accept it as payment](https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html) – Great! But now that this is done, it doesn’t have much further impact.
    * [Dapper Labs raises $12 million from NBA stars, Samsung, Coinbase](https://www.ledgerinsights.com/dapper-labs-raises-12-million-from-nba-stars-samsung-coinbase/) – $12M is peanuts as far as funding from these large corps and stars goes, and certainly wouldn’t be enough to move the market one way or the other.
    * [Jack Dorsey and Jay Z invest 500 BTC to make Bitcoin ‘internet’s currency’](https://techcrunch.com/2021/02/12/jack-dorsey-and-jay-z-invest-23-6-million-to-fund-bitcoin-development/#:~:text=Twitter%20and%20Square%20CEO%20Jack,the%20endowment%20called%20%E2%82%BFtrust.) – No one seriously invested in crypto as a tech thinks that Bitcoin is a good currency, making the point a bit moot although I did like the gesture.
    * [MicroStrategy Acquires Additional 19,452 Bitcoins for $1.026 Billion](https://www.microstrategy.com/en/investor-relations/press/microstrategy-acquires-additional-19452-bitcoins-for-1-026-billion_02-24-2021) – Yeah they hardly count as the most exciting investors in BTC. Their investments certainly haven’t seemed to move the market much.

  3. **Bitcoin(BTC) Basic Info:** [Website](https://bitcoin.org) – r/Bitcoin – [Abstract](https://www.reddit.com/r/CryptoWikis/wiki/Bitcoin_basicinfo#wiki_short_description) – [History](https://www.reddit.com/r/CryptoWikis/wiki/Bitcoin_basicinfo#wiki_history) – [Exchanges](https://www.reddit.com/r/CryptoWikis/wiki/Bitcoin_basicinfo#wiki_exchanges) – [Wallets](https://www.reddit.com/r/CryptoWikis/wiki/Bitcoin_basicinfo#wiki_wallets)

    **Biases(Updated July, 2019):** [Arguments For](https://www.reddit.com/r/CryptoWikis/wiki/Bitcoin_pros) & [Arguments Against](https://www.reddit.com/r/CryptoWikis/wiki/Bitcoin_cons) | **CryptoWikis:** [Policy](https://www.reddit.com/r/CryptoCurrency/wiki/policy#wiki_cryptowikis_program_-_.28work_in_progress.29) – [Contribute](https://www.reddit.com/r/CryptoWikis/wiki/contributing)

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What do you think?

Bitcoin should be in some portfolios

Bitcoin should be in some portfolios

Dramatic irony as Bank of England commemorate the father of cryptography, Alan Turing, by printing his face on a £50 fiat note.