Despite some relative sideways action during the week, there was a lot of excellent news and even more bullish news; a new layout for this week’s roundup.
A report revealed that Mastercard, in partnership with Bakkt, plans to allow its merchants worldwide to accept bitcoin payments in the near future.
Billionaire investor, Anthony Scaramucci, confirmed that his bitcoin investment was worth over $1 billion dollars, seeing a dramatic climb over the last few months and Notorious “crypto clown,” Elon Musk, confirmed that both he and Tesla were still holding onto their bitcoin.
FDIC chair, Jelena McWilliams, stated that they were working on a more precise set of rules for banks interested in engaging with bitcoin and cryptocurrency.
footballer Tom Brady, gave a fan who returned the ball he used to score his 600th goal 1 BTC, despite estimates that the ball could be worth over $600,000.
Wednesday started off on a bullish note with the third largest bitcoin whale adding 105 BTC to their holdings, bringing their total balance to 106,459 BTC with over $4.4 billion in gains from their original investment.
On Thursday, Valkyrie hashed their logo onto the Bitcoin blockchain, leaving an easter egg for the global Bitcoin community on block 70,966.
Later in the day, Elon Musk and many other billionaires’ alma mater, Wharton, announced they would start accepting bitcoin for tuition payments.
Post Oak Motor Cars, a Houston-based luxury car dealer, announced a partnership with NYDIG, which would see the company integrating bitcoin into its business operations and start accepting bitcoin payments.
El Salvador is already up 20% at worst over the last six weeks since officially adopting bitcoin as legal tender, those citizens who claimed at the right time and continued to hold their bitcoin are most certainly better off.
It’s undeniable at this point that bitcoin isn’t here to stay and that it won’t make a huge impact in the global financial ecosystem over the next few decades.
The model, created in June of this year, accurately predicted the monthly close for August and September and now it seems almost certain that October will be the same.