🎧 Thriller Coin Talk - S4EP29: Bitcoin in June
Bitcoin is all set for another red month. That would make 3 red months in a row. How low will we go in June?...We discuss.
|Car Gonzalez||Jun 2||1|
Today we discuss Bitcoin in June
TradingShot Chart via Trading View
Chart by Glassnode
May Market Sell Off…On 19 May 2021, Bitcoin market experienced one of the most significant liquidity events and price draw-downs since Black Thursday in March 2020. The worst of the sell-off on 19 May printed the largest daily candle in Bitcoin history with an intra-day price range of $11,506.
Inflation Is a Dangerous Way to Get Rid of Debt Burdens…Joe Biden’s fiscal plan calls for increasing those taxes on “the rich” and on corporate America to the tune of $3.6 trillion over the coming years. But as an article in The Washington Post (May 28, 2021) pointed out, even if all of Biden’s tax increase proposals were to successfully pass through Congress, their effect in raising federal government revenues would not be fully felt for years ahead.
So, the Biden budget proposal assumes a deficit of $1.8 trillion in fiscal year 2022, based on $6 trillion of government spending (or almost one-third of total planned federal expenditures); and there will be budget deficits for many years after that of at least $1.3 trillion per year. Given the current national debt of over $28.3 trillion, if this were to be the pattern of government spending and borrowing over, say, the next ten years, then, in 2031, the accumulated national debt would reach more than $42 trillion.
Keep in mind…
Rumors of Apple entering Bitcoin & Crypto…more industry news that is circulating around a new position. “The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships.”
We have 2021 Bitcoin Conference this month…more bullish news in the Bitcoin space and exciting new companies making their debut. Layer 2 is finally here and its growing at a faster speed.
Research and analysis of the Bitcoin market tells me…
Bitcoin is in for another red month. 3 🔴 Red months in a row which makes July a crucial month to get Bitcoin to bounce back in the green.
The release of Thriller Podcast's first audiobook is released. It is called, One Satoshi at a Time: How Bitcoin Will Change The World. Total runtime is just about 3hrs 54min. Please make sure to share with everyone you know.
That’s right head over to BitcoinAudioBook.com to get your copy or listen to it there and please share with the world.
Want a behind the scenes look into Thriller Premium and/or would you like to hear Car rant on about the Bitcoin & Crypto industry? Check out our new show Birth Crypto Death.
Roll the Disclaimer: Nothing in this email is intended to serve as individual financial advice. DYOR - (Do your own research.) This is strictly informational content for subscribers of Thriller Premium.
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