In his latest chat with Wilfred Frost on the Master Investor podcast, Dalio, who runs this hedge fund called Bridgewater Associates (never heard of it, right?), lays down the law about diversifying. Apparently, with US debt skyrocketing and global tensions simmering like your neighbor’s infamous hot sauce, you’ve gotta start taking this “hedging” business seriously.
As thou embark on transactions within the comforting embrace of domestic exchanges, be prepared to pay a modest tax of 0.21% on the transaction value—an increase, alas, from the paltry 0.1%. Yet, the true indignity befalls those adventurous souls trading through foreign exchanges, where the tax shall climb from a mere 0.2% to a staggering 1%! One can only wonder whether they shall soon demand a crown upon payment. 👑
This latest escapade into the realm of cryptographic currencies is not merely a whimsical dalliance but a bold statement of faith in the enduring allure of Bitcoin. In a world where macroeconomic shadows loom large, The Smarter Web has chosen to fortify its treasury with the gleaming promise of digital gold. It’s a move that echoes the growing chorus of institutional investors who, like moths to a flame, are drawn to the shimmering potential of crypto assets. 🦋
Several key aspects, such as the Token Generation Event (TGE) timeline, remain unconfirmed. Details regarding the airdrop and the supply management strategy are also yet to be clarified. 🧠💣
After a valiant climb, BNB price faltered at the gates of $860, retreating below $850 and even daring to test $800. Oh, the drama! The 23.6% Fib retracement level was breached, leaving the bulls to rally near $800 like a band of weary soldiers defending their last bastion.
This Dalio character, founder of Bridgewater Associates – whatever *that* is – is suddenly all concerned about “turbulent times.” Oh, *now* he’s concerned. When things are going smoothly, everyone’s a genius. Then a little wobble and suddenly it’s “allocate to Bitcoin!” It’s always something. I’m telling you, these financial people… they just create problems so they have something to fix.
Since July’s grand breakout, Bitcoin has been performing a tightrope act between $114,000 and $120,000—a price range so crucial it might as well wear a crown. Market sage Crypto Patel declares that le BTC dances inside a bull flag on the 4H chart, promising an 8%-12% leap if it breaks free from its resistance chains near $120,000. Imagine, mes amis, a surge toward $130,000—a sum so splendid it could make Scrooge McDuck weep!
Fast forward to today, and it seems like a long, bizarre fever dream that even our grandmothers would question. The industry, once a clamorous cacophony of greed and wishful thinking, has matured into a tableau of genuine sophistication. Who would have thought?
The SEC says they need more time under Section 19(B)(2) of the Exchange Act (whatever that means 🤷♂️). But here’s the kicker—they didn’t even ask for extra public comments during this extension. So, while Grayscale twiddles its thumbs, their application sits in regulatory limbo alongside a tsunami of other crypto ETF proposals flooding the SEC’s desk. It’s like trying to find a needle in a haystack… if the haystack were on fire. 🔥
Ethereum price found itself struggling to climb higher above the $3,940 level, mirroring Bitcoin’s own uphill battle. ETH began a downward correction from its lofty perch at $3,939, dipping below $3,900, much like a balloon losing air.