What a day in the crypto markets… eh?
Bitcoin Day, market corrections, market rebounds, FUD, FOMO… just another day in the life of crypto!
Happy Bitcoin Day! If you’ve been hiding under a rock (or an EtherRock), today Sept. 7th, marks the day that Bitcoin has officially become legal tender in El Salvador! The Bitcoin Standard.
To help celebrate and show support, thousands (maybe millions) of people globally purchased $30 worth of BTC — the same amount which was essentially airdropped to every citizen of El Salvador. Did you participate? Did you buy that dip?
Not only is El Salvador the first nation-state to make BTC a legal tender, but they are also the first nation-state to buy the dip (#BTFD… buy the frickin dip).
Congrats President Nayib Bukele!
Unfortunately, it wasn’t all sunshine and rainbows. Not only did the overall crypto market see a fast dip (and nice bounce back) today, but El Salvador’s government had to pull its BTC wallet off the app stores today after learning that their servers couldn’t handle the load from too many downloads. We learn from our mistakes, right?
Welcome to the future — you can now spend your BTC at McDonalds and Starbucks (unless of course you’re a HODLer… then just keep doin your thang).
In other news…
What’s up with them ETH gas fee’s mannnn?
Several exchanges saw some downtime today as prices crashed.
Panama introduced a bill to recognize crypto as payments.
German Asset Manager that manages $500 billy is considering adding BTC to existing funds.
NFT Spotlight
We’re on the hunt for the next big NFT project to drop soon. They must have a great community, leadership, and roadmap. Connect with us and let us know which NFT project you’d like to see featured next.
Stay tuned,