It's Always Something...
Apparently ordinals are causing a great deal of controversy in the Bitcoin universe. Bear markets always lead to interesting debate!
📝 Today's Rundown
  • 🐂 Bulls Still Hungry: Bitcoin looks bullish, but macro headwinds remain.
  • 🗺️ Biden Roadmap: The White House's crypto risk mitigation roadmap.
  • 🥤 Bitcoin Capitol: Sen. Ted Cruz wants to be able to spend sound money on snacks.
A Bitcoin 2023 Treasure Hunt
Each week leading up to April 2023, a single-use unique code in the format of "BMDAILY50[X]" (with [X] being varying bitcoin terms) will appear in a random daily newsletter hidden within the content. The code will get the lucky winner 50% off tickets to the Bitcoin 2023 Conference in Miami, happening May 18-20.
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  • Limited time offer
Be sure to check the daily newsletters as soon as you receive them to try and win! 
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🐂 Bulls Still Hungry

Bitcoin Sellers Exhausted, Accumulators HODL The Line
By Dylan LeClair and Sam Rule                         

On-chain indicators for bitcoin look strong, indicating that we possibly saw the bottom in price at $16,000. However, this needs to be considered alongside macroeconomic factors, and that this could also be a fake-out bear market rally.

The Bitcoin Magazine PRO team highlights that the current macroeconomic situation and the possibility of a market-wide selloff in risk assets may be a risk for Bitcoin.

They also point out that long-term holders of Bitcoin appear to be unfazed by volatility and have continued to accumulate despite a risk-off event in the market.
Read The Full Article

🗺️ Biden Roadmap

Biden Administration Releases Roadmap To Mitigate Cryptocurrency Risks
By BtcCasey

The Biden Administration has released a roadmap to reduce risks associated with the wider cryptocurrency industry, citing the 2022 implosion of LUNA/Terra and the subsequent bankruptcies.

The roadmap focuses on ensuring that cryptocurrencies cannot undermine financial stability, protecting investors and holding bad actors accountable.

It also calls for Congress to expand regulators' powers, strengthen transparency and disclosure requirements, fund greater law-enforcement capacity building and limit cryptocurrencies' risks to the financial system.
Read Full Article
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🥤 Bitcoin Capitol

Senator Ted Cruz Is Bringing Bitcoin To The Capitol With Vending Machines
By BtcCasey

Sen. Ted Cruz has proposed a resolution to request vendors within the Capitol area to accept bitcoin. The resolution specifically mentions restaurants, gift shops, and vending machines within Capitol Buildings to accept cryptocurrencies such as bitcoin, which would allow lawmakers to purchase their succulent sweets with sound money.

Sen. Cruz is a known advocate for bitcoin, praising its decentralization, and he's even championed the potential benefits for Texas as a state in the bitcoin mining industry.

If the resolution passes, it could serve as the first exposure for Capitol politicians to using BTC as a daily payment method and shift their perspectives towards cryptocurrencies. The resolution needs to pass both the House and Senate to take effect.
Read Full Article

MEME OF THE DAY 

By @TheBitcoinConf

Don't get distracted. Know the real enemy. And hold your own keys! 

Have a great Monday,
@BtcCasey

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