JUST IN: US Senator Cynthis Lummis sent a letter to the U.S. Marshals Service asking why they plan to sell nearly 70,000 Bitcoin seized from Silk Road.

"The U.S. government cannot continue denying the value of Bitcoin...it’s costing taxpayers billions

https://x.com/BitcoinMagazine/status/1879910050766155786?t=h_IHqv4jY2i2ZyDpy2m0yw&s=19

Well he will likely take on doge as it is musk's pet coin

Coinbase offering Bitcoin backed loans is a bit of a development...  I'll have to study how they're going about this a little bit and see what the dangers are.  I'm also unclear if this will just be a lending program to lend you USD against your BTC or if you will be able to lend your BTC and earn yield.  Either way, it feels a bit concerning on the face of this development.  Between MicroStrategy loading up Bitcoin with leverage and now Coinbase lending against Bitcoin, it's starting to feel like we're in the early stages of what may eventually develop into the reason the market crashes.  Still, I think we have plenty of time for profits ahead first.  The red flags are beginning to add up a bit though.  Something to keep an eye on.

With $SOL actually being a Scamcoin.
Being "open" does not mean for granted.

It's Bitcoin as collateral.
https://www.google.com/amp/s/www.financemagnates.com/cryptocurrency/coinbase-expands-us-services-with-bitcoin-backed-loans-of-up-to-100k/amp/

It's not really a New feature Binance does it but with BNB instead of BTC.
Like your Bitcoin is held by them as collateral and you giving 100K usdc which you can use to do what you please to.
It can be used to trade and when returned your Bitcoin would be given back at market value.
If you fail to recover everything then it is removed from your collateral and if you gain.
It is added after deducting interest.

Sometimes we can be pain in the ass but as long as we figure out our wrong doings it's fine.
Welcome back and hope you're having fun with the opportunities you missed.

Is bitcoin 'afraid' of a 100K number like a cat is afraid of the water?
nah...it's probably some people that hold it basically just below 100K so new pres can claim it (going above 100K on a continuous basis) as his achievement...as good a theory as any.

it looks kind of ridiculous right now with stupid x- (whatever  ) popping 45% in 7d.
Therefore, if nothing 'major' happens , i expect a 15-20k rally to 115-120K by the end of the month.

I guess that doesn't have much systemic risk, but it also isn't all that appealing.  Nice to have options.  I'm tempted to take out a loan using Bitcoin as collateral and then just use the loan funds to buy more Bitcoin and see what happens.  I looked into the idea of using it to turn around and stake the USDC to earn income, but it wouldn't really be worth the hassle or risk for the spread you'd make on $100K.  Still, maybe this is the first step towards building a market where they could offer a BTC yield.  I would be admittedly tempted to participate, as I made a good chunk of BTC last cycle on Gemini's Earn program before it collapsed and I luckily removed my BTC from their platform about 2 hours before they halted withdrawals.

Explanation
Chartbuddy thanks talkimg.com

Yeah the world is truly waking up to Bitcoin.
More countries will adopt the idea of having a Bitcoin reserve, those countries that has already adopted it will see the benefit as they keep accumulating and hodling.
Bitcoin investment can be your future retirement plan.