As bitcoin (BTC) soared over USD 50,000 this week, American politicians engaged in a high-stakes crypto pledge wars, while MicroStrategy raised over USD 1bn for its bitcoin purchases. The world’s largest asset manager, BlackRock, started “to dabble a bit’’ in bitcoin, even though Microsoft said it has no plan to follow in Tesla’s footsteps.
Amongst those who do have a bitcoin strategy was an unlikely duo of German Deutsche Bank and cannabis company SynBiotic, and PwC researchers found that the move also interests several Mexican companies. Lottery Giant 500.com acquired Bitcoin miner BTC.com, while more Chinese non-crypto firms entered Bitcoin and Ethereum mining. Despite the impressive run past USD 51,000, many overexuberant traders got burned as well, as USD 1.9 worth of crypto was liquidated in a day.
Last but not least, Elon Musk once again made headlines concerning Dogecoin ownership and whales, one of which is suspected to be Robinhood trading platform. Already defunct New Zealand cryptocurrency exchange Cryptopia got hacked once again, while Verge (XVG) cryptocurrency suffered yet another attack. Finally, Cardano’s Charles Hoskinson doubled-down on his criticisms of Ethereum, stating that concepts like ‘’the network effect’’ do not exist.
It’s only natural that such a fruitful week has left us with yet another sweet collection of crypto memes.
Meanwhile at Bitcoin headquarters…
— The Chairman (@WSBChairman) February 16, 2021
After all, parent’s basement is a cozy and comfortable place.
I thought $50k would be: How it be: pic.twitter.com/sHOO5MwVDD
— Ryan Selkis (@twobitidiot) February 19, 2021
Never gets old (and someone never learns).
Fee ATHs are also ATHs.
Dedication is important.
BREAKING: SALTY NOCOINER INSULTED ONLINE BY A PERSON WHO OWNS SOME BITCOIN; CHOOSES TO STAY POOR AS REVENGE
— Udi HaveFunStayingPoor.com (@udiWertheimer) February 17, 2021
Just bull market things…
There will definitely be a MarsCoin!
— Elon Musk (@elonmusk) February 16, 2021
You go whenever you like, ETH…
ETH vs BTC price discovery pic.twitter.com/OZTGIzawMu
— smilinglllama (@smilinglllama) February 16, 2021
Don’t mess with the DOGE.
How aggressively Dogecoin holders protect their bag from r/CryptoCurrency
Is there an NFT for this?
Today in the markets.
This is easy.
— Meltem Demirors (@Melt_Dem) February 12, 2021
At $10k I said $BTC would end in tears. I was right, I don’t own any and I could cry.
— Assad Tannous (@AsennaWealth) February 14, 2021
Expert tips. Not financial advice.
To the moon!
This is how crypto telegram rooms often feel like. pic.twitter.com/PrvLw3VIYh
— Alex Krüger (@krugermacro) February 13, 2021
Don’t forget to thank your favorite billionaire.
This time, unlike all those other times, it is truly a new paradigm! I swear!
Buying bitcoin at local tops be like…
Number go up!
Here’s your weekend movie.
bitcoin twitter, assemble.
the strike meme team has been formed.
we are stronger together than we are alone.
we will meme the legacy financial system into oblivion. https://t.co/XXFLzSBq9P pic.twitter.com/OmX9dNLErD
— Strike (@ln_strike) February 16, 2021
..and your weekend hymn is here, too. HFSP!