Q9 Markets | A Pizza the Action

  • JP Morgan says BTC undervalued by 28%
  • Terra 2.0 scheduled to launch
  • 11th anniversary of “Bitcoin Pizza Day”
Source: TradingView
Source: Arcane Research
Source: YCharts
Source: The Block
  • 10,000 BTC was worth just $41 at the time of purchase.
  • Jercos sold his Bitcoin the following year for roughly $400 for the lot.
  • Those Bitcoins would now be worth around $300mn. That’s enough to buy 20mn pizzas at $15 each.
  • PizzaDAO celebrated Bitcoin Pizza Day with 100 parties worldwide.
  • It is the second Bitcoin holiday. The first was “Satoshi Disappear Day” declared on April 28, 2011.
  • Prior to the first Bitcoin halving in 2012, each successful miner was rewarded with 50 BTC for discovering a new block. This meant one only needed to mine 200 blocks to earn 10,000 BTC, which wasn’t particularly difficult at the time.
  • Jercos gave his only interview to a website called “Bitcoin Who’s Who” in 2015.
  • Here is the picture of the 2x Papa John’s pizzas that were ordered:
  • BTC fell -3.5% and ETH dropped -10.6% on the week (8am). At the time of writing the total market cap of the crypto market was shy of $1.2tln mark and Bitcoin dominance rose above 46%
  • L1s were hammered the most this week with SOL & AVAX dropping -16.7% & -22.5%. Among top DeFi names AAVE and CRV rallied 10.9% & 12.1% week on week
  • Seven day realised volatility (annualized) in crypto markets continued to shrink, 31% for BTC and 36% for ETH
  • US Equities (SPX) rallied 4% week on week, strong earning shed off fears on the economic slowdown amid rising inflation
  • The US Dollar index dropped -1.2% week on week
  • 10 year US treasury yields slipped 9bps and the Gold & Silver index 1% this week

--

--

--

Buy, sell, and store digital assets with ease. Invest with the trust of an established financial services provider with 40 years of group history.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

OORT Digital The birth of a legend

Zoe vs. the Low-Level Status Quo

Join Our $7K Giveaway! The LEND7 Real Estate Contest Is Starting

The Lend7 Real Estate Contest will be huge, with $7,000 worth of tokens as the prize pool.

CTX & TCAP Live On Gemini

Blast off… Introducing GOMA Shiba Inu

Bitcoin and Cryptocurrency: A Short History Everyone Should Read

$DWZ Token Economics: Here’s How DeFi Wizard is Redefining DeFi

Influencio

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Q9 Capital

Q9 Capital

Buy, sell, and store digital assets with ease. Invest with the trust of an established financial services provider with 40 years of group history.

More from Medium

‘Epic Elephants Squad’ To Auction off a Special Collection of NFTs during the “Roland Garros” to…

DAOventures enters Launchpool Web3 Techstars Accelerator Class of 2022

Antonym Physical Guideline

hi joins the VerifyVASP Alliance