The Bitcoin Street Journal Bitcoin Market Update Episode 1 Week 21

Welcome to The Bitcoin Street Journal Bitcoin Market Update, where we bring you daily live bitcoin market updates, current bitcoin technical analysis, BTC price, market capitalization, and market supply. In this Breaking Headline News edition of Episode 1 Week 21 Tuesday, May 30th, 2023, we've got all the latest news and insights into the bitcoin world you need to stay ahead of the game. Don't fall victim to the government or central banks, subscribe to our podcast, and stay updated on all things bitcoin. In today's episode, we'll cover the global financial instrument market and its potential for Bitcoin, the current parity of Bitcoin with USD, retail investors' preference for Bitcoin, the US government's printing of money out of thin air, and Microstrategy's continuous increase in Bitcoin holdings.Have you heard about the total global amount of financial instruments on Planet Earth? It's roughly $400 Trillion. Now imagine if Bitcoin captured just a percentage of that global amount. We could be talking about $1M -$2M per Bitcoin! Can you imagine that?It's like Satoshi Nakamoto said, it's a magical property that has yet to be discovered. In this case, it's Bitcoin's ability to be transported over communication channels. It's truly a game-changer.But not everyone is on board with Bitcoin. Some have even proposed a Digital Asset Mining Energy tax. However, it seems like that proposal has been taken off the table, according to U.S. Congressman Warren Davidson.Did you know that on February 9th, 2011, Bitcoin reached parity with the US dollar for the first time? Since then, depending on how you look at it, either dollars got way cheaper to buy or Bitcoin got way more expensive to buy. It's all about perspective.It's interesting to see which CEOs own Bitcoin. From Tesla and Uber to PayPal and Reddit, it seems everyone is following the money and investing in Bitcoin. What about retail investors? Well, according to a recent report by Bloomberg, US retail investors prefer holding Bitcoin over USD, especially if the US hits the debt ceiling. It's not surprising, considering how much Bitcoin has been growing in popularity.Speaking of growth, Microstrategy's Bitcoin holding keeps going up. Since August 2020, their Bitcoin holding has increased every quarter. It's clear that they see the value in investing in Bitcoin.And finally, it's important to remember that the US government prints money out of thin air. US Congressman Brad Sherman even admitted it and said, "Maybe we do, but we're the US government." It's no surprise that people are opting out of this madness and turning to Bitcoin instead. And speaking of Bitcoin, have you heard about the Lightning Network and Liquid Network? They complement each other well and make transactions easier and faster.In today's episode, we discussed the vast potential of Bitcoin as a financial instrument and its increasing value compared to the US dollar, as well as the growing interest of retail investors and companies like Microstrategy in this cryptocurrency. Thanks for listening to today's episode, I'll see you guys at the next one and don't forget to subscribe!