CandleFocus Crucial Bitcoin vs. Banks Warning for Australia From Chief Crypto Analyst
2024-09-13
Author: Content Editor
The chief crypto analyst at Real Vision, Jamie Coutts, warns Bitcoin holders in Australia about new legislation that he considers Orwellian. The legislation includes potential repercussions for expressing a lack of confidence in the banking system, which goes against the original intent of Bitcoin as a tool for those who distrust the banking system. Meanwhile, Santiment's on-chain data aggregator has noted a decline in Bitcoin mining wallets and Ethereum miner supply, suggesting that a bull run could be approaching. Bitcoin has seen an 8% increase in value over the past week, trading at around $57,790. Bitcoin miners have also sold 30,000 BTC, worth approximately $1.7 billion, within a 72-hour period.
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