CNBC TV host Jim Cramer has taken an indirect jab at Ark Invest founder Cathie Wood as Bitcoin’s (BTC) brutal November downturn shows no signs of easing. At press time, Bitcoin was trading at $83,706.66, down 8.2% in 24 hours and marking its lowest level in seven months. According to data from Coinglass, crypto liquidations totaled $2.19 billion overnight, with Bitcoin alone accounting for $1.12 billion. Related: Bitcoin losses hit levels last seen during FTX collapse The sell-off began after the United ...

really weird seeing so many BTC maxis crash out about a coin 1000x less relevant than themand all because we want privacy in cryptodisappointing how many people have entirely lost the plot in this industrymore privacy in crypto is a win for all ...

Market Trends & Investment Opportunities - The market is rewarding companies for valuing their profits in Bitcoin, creating arbitrage opportunities between stock value and underlying Bitcoin holdings [20][21] - Publicly traded companies adopting a Bitcoin strategy by pouring profits into Bitcoin will be rewarded by the market, creating a flywheel effect for Bitcoin price [23][24][25] - Nation-state adoption of Bitcoin is predicted to be the major theme of future cycles [19][20] - Regulatory regimes worldwide are now competing to attract Bitcoin and crypto companies, flipping the game theory [28][29] Accounting Rule Changes & MicroStrategy - FASB's change in accounting rules, treating Bitcoin as an intangible asset, now allows companies to recognize appreciation on their balance sheets [27][31][32][33][34] - MicroStrategy is poised to be inducted into the S&P 500 due to these accounting rule changes, which will drive billions of dollars in passive flows into MicroStrategy and, therefore, Bitcoin [2][3][35][36][37][38] Bitcoin Adoption & Community - Bitcoin has become mainstream, with the greatest gains to be seen in the composition of the Bitcoiner user base being with women [7][8] - The original Bitcoin community was in Asia, and there's excitement in bringing the OG Bitcoin community back together [50][51] - It is still early to buy Bitcoin and hold on to it [66][67] - By 2140, the incremental 1100000 (1.1 million) Bitcoin will be mined [47][48]