On July 21st, 2021 several notable individuals are meeting to speak to institutions about #Bitcoin

In this short thread I will go over why this may have some very large implications… 🥐
The first thing I will point out here are the very interesting connections between the three business leaders attending this “₿ Word” event that I (coincidentally?) mentioned in a thread a few weeks back

I highly recommend you read it to understand the rest of this thread fully
It really seems like there may be something bigger going on behind the scenes

Square & Ark Invest actually wrote a research paper which mentions how #Bitcoin mining can promote the use of solar energy (which Elon Musk agrees with)

But… how exactly would this work?
Well, #Bitcoin will simply act as a “buyer of last resort” for the green energy market…

This will in affect, accelerate the use of renewables, fix grid congestion, & unlock the “keys to an abundant, clean energy future”

Don’t believe me? Just take it from Cathie Wood herself:
Cathie Wood ALSO seems to agree that Elon Musk & Tesla will be a part of the solution here…
I’m not here to suggest that any massive announcement will be made at this event, but I’m sure this topic will be one of deep discussion, & it could serve as a massive catalyst for #Bitcoin on the institutional level in the coming weeks

This is going to get very interesting…
You didn’t think we would put #Bitcoin on an ETF without first addressing the Chinese mining centralization or environmental issues, right?

We all know how quickly narratives change in this market.
What happens when the United States acquires a majority of the #Bitcoin hash rate by making it extremely attractive for green mining resulting in the largest geographical transition of hash power in recorded history?

It’s already happening before we even know it. Enjoy! 🥐

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More from @CroissantEth

18 Jul
Upcoming catalysts for $ETH within the next year (in no chronological order)

A thread by 🥐
NFTs

Currently, NFTs are reminiscent of the early stages of DeFi

There are thousands of devs & even many large companies building NFT platforms

We haven’t even scratched the surface of what can be made

Nvidia, GameStop, & Twitter have discussed intentions to use them soon
EIP-1559

This EIP is arguably one of the biggest ever. More than 2.9M $ETH would have been burnt this year had it been live

It will change how txs work, at an aim make gas fees more predictable and stable

The massive UX upgrade will turn $ETH into a deflationary asset🔥
Read 25 tweets
13 Jul
NFTs are blowing up, and I believe what we have seen is only just the beginning.

These unique digital tokens have a wide range of use cases, but there are a lot of big things people aren’t talking about...

I’ll list some food for thought below... 🥐
Digital Art

One of the most popular examples of NFTs is digital art

Any creation can be tokenized by creators with NFTs, integrating & building a new level of connection between communities

These are configurable with many different programmable parameters on smart contracts
Tickets

This topic has big use cases for $ETH as a whole

Tickets can easily be made for events, with benefits exceeding that of current systems

For example, the Dallas Mavericks have discussed using NFTs as tickets to collect more revenue from royalties
Read 26 tweets
7 Jul
24 reasons $ETH is extremely undervalued...

A thread by 🥐
1. Smart Contracts

A smart contract automatically executes code once specific terms are met

It is the first form of programmable money to exist, & users can rely on it to create decentralized money legos free of censorship

Lend, borrow, swap, & do much more with them!
2. Stablecoins

$ETH is home to many stablecoins which have grown tremendous use cases:

$USDT: $62B
$USDC: $25B
$DAI: $5B
$TUSD: $1.5B

They are very popular for use in DeFi, & VISA will soon accept tx settlement in $USDC

$USDC has grown from a $4B mcap, to $25B this year
Read 25 tweets
4 Jul
Crypto underwent a series of coordinated attacks these last few months.

I wanted to take the time below to illustrate just how much was thrown at the market on a timeline, and then discuss some of my feelings on this...

Let’s dive in! 🥐
April 16th, 2021

A coal mine in Xinjiang flooded, damaging miners in the area and resulting in the #Bitcoin hash rate dropping by 35%.

This also brought up serious concerns from the Chinese government who began to hint at a ban on mining.
April 16th, 2021

Reports of Coinbase insiders and early investors selling roughly $5B of $COIN on its opening day broke, and headlines quickly spread

Updates to reports a few days later conveniently added background on a direct listing (excusing the selling for liquidity)
Read 25 tweets
2 Jul
Time for a short thread 🥐

Disintermediation is one of the largest use cases for blockchain we have ever seen.

By cutting out all the middleman, many companies are able to increase profit (and typically user experience)

This is a common trend when old tech gets replaced...
In fact, many of the top companies in the world today operate at a sole premise to do just that!

Airbnb owns no property, but accommodates guests.

Netflix owns no movie theaters, but owns some of the largest selections of movies.

Uber owns no cars, but offers taxi services.
Spotify owns no music industry label, but cuts deals with thousands of artists.

Facebook owns no ad agency, but offers marketing + branding on their app.

Amazon owns no large contractors, but instead hires independent contractors like Uber to deliver their products
Read 5 tweets
1 Jul
Let’s talk a bit about #Bitcoin, the dollar, and gold

In this thread I will touch on highly complex topics & hope to tie it all together

Please stick to the end, it will be worth it 🥐

Before we dive in too deep, I’ll have to give you some quick background info on the topic...
Sound money...

What is it? Certainly not the dollar as we know it today.

The concept of “sound money” is best explained as a currency which has intrinsic value.

That is, if it weren’t a currency it would have inherent value whether as a means of trade, or store or value.
Think of things like #Bitcoin, Gold, Silver, & other fixed supply assets

Metals have been valuable for many years. This is because of their historical use for trade, purposes of hedging against inflation, & more

A long time ago, money was actually denominated in gold or silver.
Read 25 tweets

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