$120M of Long Positions Liquidated and the Bitcoin Price Loses 6% in a Few Hours. What’s Next for Bitcoin Price?

Positive inflation data should have benefited the Bitcoin market, but as always, the max pain scenario prevailed.

Nov 15, 2023

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Are Bitcoiners Losing Sight of the Deeper Meaning of the Bitcoin Revolution? Is It Time To Take an Interest in Monero?

Sylvain Saurel

Nov 14

Are Bitcoiners Losing Sight of the Deeper Meaning of the Bitcoin Revolution? Is It Time To Take an Interest in Monero?

If you liked reading this, feel free to click the ❤️ button on this issue so more people can discover it on Substack 🙏. Just this once, I'm going to start this article with a quote from someone you know well: “The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy and trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.”

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American inflation figures for October 2023 were released yesterday by the U.S. Bureau of Labor Statistics.

These figures, so eagerly awaited by all financial markets, but also by members of the Fed's FOMC, are better than expected:

Although this is the 31st consecutive month with inflation above 3% in America, inflation appears to be on the decline again in America.

The US 10-year plunged rapidly again, and Wall Street went back into Bullish mode.

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