March 9, 2021: Bitcoin At A Trillion 🦡💸

BTC Badgers its Way Back To the Top of DeFi Leaderboards

Here are today’s trends to watch from Curve Market Cap

Bitcoin reclaimed its $1 trillion market cap, with effect percolating throughout both traditional and decentralized finance.

Peter McCormack @PeterMcCormack

#bitcoin market cap casually back over $1 trillion 🚀

Bitcoin and Finance 1.0

It’s been nothing but good news for Bitcoin adoption lately — Kjell Inge Røkke, Norway’s answer to Elon Musk, announced a $60MM investment into Bitcoin.

Hagaetc @hagaetc

One of Norway's most prominent business figures just announced his company, Aker, invested $60M in BTC. They will hodl and invest more in the space. Prob gonna change the game up for every current "crypto is a fad"-suit in Norway.

e24.noAker satser en halv milliard på bitcoin med nytt selskapAker lanserer selskapet Seetee som skal satse på kryptovaluta, og har allerede kjøpt bitcoin for 500 millioner kroner.

Alex Gladstein @gladstein

1/ The Aker shareholder letter from Kjell Inge Røkke is remarkable. Having worked in Norway since 2008, IMO this is a major step towards more Scandinavian Bitcoin discussion + adoption. Here's a 🧵 on the letter's unexpected highlights especially regarding Lightning + privacy:

An interesting note to this is Røkke’s concurrent launch of Seetee, a mining operation using stranded renewable energy.

nic carter @nic__carter

Breaking my twitter silence to say that everything we ever said about Bitcoin and energy was absolutely true, and if you don't believe me, take it from the 2nd richest man in Norway with skin in the game seetee.io/static/shareho…

We now see 25 publicly traded companies hodling 179K Bitcoin, a great milestone towards corporate flippening.

Crypto₿uzz @cryptobuzznews

25 publicly traded companies now hold a total of 178,855 #bitcoin  worth $9.6 billion on their balance sheets

Meanwhile, the interest in Bitcoin is rumored to increase Coinbase’s valuation in its upcoming IPO.

zerohedge @zerohedge

COINBASE IS SAID TO BE VALUED AT $90 BILLION IN PRIVATE AUCTION

The last Bitcoin bull market was full of the usual FUD arguments, but this time around the midwits have come around.

Documenting Bitcoin 📄 @DocumentingBTC

Goldman Sachs just included #Bitcoin in their weekly report, ranking global asset-class returns. Last year, they called it "not an asset class".

Marty Bent @MartyBent

It's getting to the point where pundits, investors and journalists alike cannot baselessly criticize #Bitcoin without being considered an uneducated, unimaginative luddite by the smartest people in the world. Bullish.

tftc.ioMore institutional adoptionNew entrants are coming into the game with a base knowledge that is better, more nuanced, and clearer than it has ever been.

Curve Market Cap @CurveCap

#Bitcoin #DeFi

Bitcoin and DeFi

The surge in Bitcoin activity is also affecting the DeFi markets.

Curve Finance @CurveFinance

Will a BTC pool become the top pool by volume today? #Bitcoin @WrappedBTC @renprotocol

Curve broke Betteridge’s law in this case, as the RenBTC pool claimed the top spot by volume from the trusty 3Pool. Three Bitcoin pools cracked the top 5.

Ren’s v2 bridge in particular is enabling strong bitcoin integration across DeFi. Ren’s protocol was used to build the bridge directly from unwrapped BTC to Badger’s staked offerings:

₿adger DAO 🦡 @BadgerDAO

1/4🌉New Product Incoming🌉 Badger is proud to announce an integration with RenVM. This new product, the Badger Bridge, will give #DeFi users direct access to bringing their native #Bitcoin onto the Badger v2 App.🦡 🔽Article + Thread Below🔽 badgerdao.medium.com/badgerdao-laun…

badgerdao.medium.comBadgerDAO Launches BTC Bridge with RenVMBadgerDAO is proud to formally announce an integration with RenVM. This new product, manifested as the “BTC Bridge” tab in the UI, will give decentralized finance (DeFi) users direct access to…

It’s a notable integration for REN, as $BADGER’s been climbing up the DeFi ranks, now with over $1.5B in volume locked.

CryptoDiffer @CryptoDiffer

TOP 15 DEFI PROJECTS BY TOTAL VALUE LOCKED/MARKET CAP $CRV $FARM $BOND $BADGER $BAL $MKR $CAKE #1INCH $CREAM $COMP $ROOK $KEEP $DUCK $SUSHI $BNT

If you want to keep yourself hyped as you HODL, check out our weekend feature, part 1 of a series looking at MMT, Inflation, and Bitcoin.

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Thank you for your incredible response to our Pool Party Bus! Nearing double digit ticket sales for a total of $4,300 worth of ETH to be driven off a cliff! All aboard everybody who wants to solve high gas prices.