28/11/2024

Should Pension Funds be Allowed to Invest in Bitcoin? | Britcoiners by CoinCorner #150

Join Danny, Molly, Zakk and Dave for industry-led opinions on important Bitcoin stories from the week.
This week's topics: Intro Bitcoin price Bitcoin Fear & Greed Index Bitcoin data Rumble to add Bitcoin to their balance sheet MicroStrategy completes $3B offering and acquires 55,500 BTC for ~$5.4B Allianz (Germany's biggest insurance company) bought ~25% of MicroStrategy’s convertible note MicroStrategy was the most traded stock in US Jack Dorsey outed as Satoshi Is Bitcoin Ossified President Xi reportedly no longer plans to sell any of China's Bitcoin Should pension funds be allowed to invest in Bitcoin? Gary Gensler to step down from SEC Biggest ever week for ETF inflows followed by biggest daily outflow since US election Dear Dave: Why isn't Bitcoin Explained Like I'm 5 available on MtSocks? Dear Dave: Are there any plans for CoinCorner to introduce limit orders for trading? Dear Dave: UK to draft regulatory cryptocurrency framework by 2025 Dear Dave: Would Britcoiners ever do a live podcast?
Britcoiners is a Bitcoin podcast by CoinCorner (https://www.coincorner.com) - a global leader in Bitcoin and Lightning services.
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Transcript

Did you see that? Last week was ridiculous, man. That was a moment—that guy needs to get checked. Should I clap this week? Because last week was dreadful.

"It was all right, wasn't it?"

"No, I mean, that was better than last week's, but it still wasn't great. You also clapped your mic, which is a no. Mike's going to have you; you're already on a strike one."

"All right, come on, let's go. Okay, guys, Britcoiners is 150—well done! Can you insert some celebrations and stuff like that? We need explosions—explosions! We made 150 episodes."

"Agenda this week: we've got Michael Saylor, a lot of MicroStrategy news, pension funds in the UK, David Bailey, Gary Gensler, some Dear Daves. It's going to be a jam-packed pod."

"Bitcoin price—live price—$92,000. High since last episode is $99.4K, all-time high. We're bouncing off that $100K mark. It just can't break through, can it?"

"Not yet."

"Oh, sorry, Danny, are we boring you?"

"It will do. On his phone—ridiculous."

"Well, everyone saw this coming, right? Getting close to $100K."

"I thought... my phone—it's just rude."

"Yeah, it was very frustrating. I thought we were going to see it last Friday. I didn't deliberately get anything for dinner because I thought we were all going to be having steaks."

"Oh, I did have steak at the weekend. I also bought a steak. I bought one and thought, 'I've got to win now,' so I was trying to buy a bigger one than you, but I couldn't. Tesco let me down. I wanted to do just a huge one, like, you know, Flintstone-esque, massive thing, and there was nothing there. About 500 grams—nothing impressive. I thought I might have to go to the butchers, but none were open when I went to get it."

"Oh well, we've got ourselves a bit of time for the big steak."

"I mean, I ate the steak."

"Did you?"

"Yeah, yeah, at the weekend. That's why it didn't hit $100K."

"Yeah, our fault—it's your fault. Maybe we should buy an office cow."

"I presume most people are doing that. Have you heard of any other people celebrating $100K in any other unusual ways?"

"Saylor's hosting a party. $100K party—not been invited. Always been a talking point. Very difficult to book and get organised, isn't it? You've got to be flexible—put it like that."

"Yeah, I mean, me and Zac made a promise to each other that no matter what time—day or night—it is, we'll go to the restaurant, even if it's not open, and stand there."