Month: March 2025

McGlone, ever the insightful wizard, takes a moment to reflect on the audacious rise of Bitcoin. From its humble birth in 2009, emerging like a mysterious figure from the shadows of the financial world, Bitcoin quickly grew to be the rockstar of the crypto ecosystem. It’s like the rebellious teenager of the finance world, flanked by its old-school, safe-haven cousins—gold and silver—just trying to figure out who’s boss. But McGlone, with a furrowed brow, warns of the rampant speculation that could doom us all. Digital assets, he says, can’t just keep growing like a weed in a well-watered garden. When the market demands eternal growth, it’s like trying to maintain a soufflé that’s already on the verge of collapse. Good luck with that!

The week began with a yawn, as most coins languished in a bear market, reminiscent of a sleepy village on a Sunday afternoon. Bitcoin (BTC), that once-mighty titan, has plummeted to a mere $82,432.00. How the mighty have fallen! 🥴

Having sought Chapter 11 protection in November 2022 amid a liquidity shortfall and fraud disclosures, the firm has reclaimed between $14.7 billion and $16.5 billion in assets—eclipsing its $11.2 billion liabilities. A judicially sanctioned restructuring blueprint guarantees creditors 119% repayment, an uncommon result in corporate failures.

It seems our dear SHIB has been caught in a rather steep downward spiral since last week. The usual suspects—macro-economic woes and that pesky inflation data released on Friday—are to blame. As stock markets quiver in their boots, top cryptos like SHIB have taken a nosedive to their lowest points in at least a week. What a time to be alive! 😂