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Strike brings instant Bitcoin Payments and instant Bitcoin Access, Globally!

At the Bitcoin 2022 conference in Miami, FL.  Strike CEO Jack Mallers announced that Strike teamed up with NCR, Spotify and Blackhawk to bring instant Bitcoin payments to most retailers on the Lightening Network.  Click here to read more.

 

The blockchain can be used to settle accounts in Bitcoin, but pay the retailer in dollars.  The transaction is instant and will incentivize major retailers to own Bitcoin.  Below is a partial list of the kind of retailers that will offer this now:
 

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Let’s see where this will take us in the future.  If all of these above retailers market accepting Bitcoin, via Strike, Cashapp, and Shopify.  Eventually, Bitcoin will end up on the balance sheets of all these retailers.  It is certainly a step in the direction of full legal tender acceptance in the US and other major G7 countries.  Maidera, Portugal has now made Bitcoin legal tender.  Nation States are taking notice.  This is going to spread!

 

Another contrast against the adoption of Bitcoin.  Is how many Nation States have negative real rates.  That is the nations central bank interest rate, minus CPI inflation in that country, equaling real rates.  US is -7.5% and Europe is -8%!  Personal savings is getting killed by this inflation.  Now Bitcoin has lightening network payment options, that pay retailers in dollars, while accepting Bitcoin instantly, with NO FEES!  Incredible!  Below is the comparison chart of rates, CPI, real rates in many Nation States:

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Only 4 of these Nations have positive real rates, 4!  Now that Bitcoin is quickly solving the medium of exchange issue.  What is holding it back from mainstream adoption?  Tomorrow WY Senator Cynthia Lummis speaks at the Bitcoin 2022 conference, about regulation to push Bitcoin adoption in the US.  We cannot wait to here what she has to say.  Bitcoin moving forward and upward.  

 

This next chart is the Bitcoin price weighted by 3 month annualized futures basis, and below weighted by perpetual funding rate:

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Based on these two charts when funding gets negative that eventually is followed up by a bull market run up!  This accumulation has been especially long, going all the way back to late November.  When will it launch?  We don’t know.  We are unconcerned about the Bitcoin 2022 dump, which happens as this conference begins every year.  We cannot explain the dump, just that it always happens during the Bitcoin conference.  It ends on Saturday, next week should be much better.  

 

We cannot get this chart out of our heads.  In 2011 Bitcoin pumped 4,000X, in 2013 it pumped 36.7X, in 2017 it pumped 17.2X.  This is comparing the low before the bull run, to the top of that bull run.  So far, in 2021 the pump was just 3.45X!  Nation States are accepting it as legal tender, fiat currencies are being printed like never before, economies are collapsing to varying degrees, and this bull run will top out at a 3.45X?  We don’t believe it.  Here is the chart tracking the highs and lows of each bull run below:

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This news from Strike will have an impact over the coming weeks and months.  There is still time for Bitcoin to run up this year.  Scarcity is getting worse, institutions are paying premiums to buy up large quantities of Bitcoin!  $MultiMillion quantities at 5% to 10% premiums.  Exchange balances on Bitcoin exchanges are dwindling to record lows.  If these Strike retailers begin buying up Bitcoin for their balance sheet, if they are’nt already.  There will be a massive pump before the end of this year!  We get frustrated waiting for this pump, but we still know it is coming.  When it does, you better own some Bitcoin.  This chart below also shows bullish signs for Bitcoin, it is called the 3 day supertrend.  It has flashed green before each run up, and it is looking to do that soon.  We are not surprised it has not done so, before the conference.  Who knows what the future weeks will bring:

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Finally, central banks net purchases of Gold as a hedge against inflation, this is way up!  See this chart below tracking this at an all time high right now:

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Gold purchases since 2018, the last date of this chart, are even higher!  Hedging inflation is a must in EVERY portfolio, no matter the size!  Holding on to this hedge until the event happens.  That is the hard part!  Get strike, cashapp, or shopify apps on your phones.  There is going to be new opportunities to purchase with Bitcoin now, and to receive Bitcoin over these apps.  A new age is dawning.  Everyone has to get off zero Bitcoin.  That is our mantra, and our mission.  We are not financial advisors, and this is not financial advise.  

 

Neutral ATM is here to get everyone off of zero Bitcoin.

 

Give Neutral ATM a try.  We have low rates, convenient locations and we are expanding. Contact Neutral ATM, we will answer all your questions about Bitcoin and using our ATM machines. Find a Neutral ATM Bitcoin machine location near you.