Bitcoin’s Big Events Timeline (i.e. Things I Think Mattered Most)

Future Events I’m Watching (As Of 9/7/23)

Binance Is Basically FTX Redux IMHO
Global Hashrate (Continues To Move Higher)
Bitcoin On Exchanges (Continues To Move Lower)
240-Day Deadline On Spot ETF Applications (3/24)
- If approved this would give a broad community of individual and institutional investors an investment vehicle that would allow them to access Bitcoin.
- Could that make the next bull market the first “broad market” participation bull run?
Halving (Will Make Stock to Flow Higher Than Gold) (8/24)
Ultimately Bitcoin Doesn’t Care About Anything…Tick Tock, Next Block!

0 – Current Events (2023 YTD)

SEC Ramps Up Crypto Enforcement Actions On Unregistered Securities (https://www.sec.gov/spotlight/cybersecurity-enforcement-actions) Notable Ones:
- Bankman-Fried (12/13/22)
- Genesis/Gemini (1/12/23)
- Terraform Labs/Kwon (2/16/23)
Genesis Trading Files For Bankruptcy and Gemini Earn Halts Withdrawals (1/20/23)
Operation Chokepoint 2.0 (3/22/23)
SEC Files Lawsuits Against Binance (Globes Largest Crypto Exchange) (6/5/23)
Blackrock Files Spot ETF Application Along With Six Others (7/3/23)
DOJ Considering Charging Binance With Fraud (8/3/23)
GBTC Wins Lawsuit Against SEC For Conversion To Spot ETF (8/29/23)

1 – Second Largest Global Crypto Exchange Collapses

2 – Crypto Industry Collapses

3 – 2021 Bull #2 – More Institutions, Sovereigns, And Regulators Weigh In (7/21 – 11/21)

Square Plans to Make a Bitcoin Hardware Wallet (7/9/21)
Square Is Building Decentralized Finance Business Using Bitcoin (7/15/21)
Bitcoin Becomes a Legal Tender in El Salvador (9/7/21)
Twitter Enables Bitcoin Tipping (9/23/21)
China Bans All Cryptocurrency Transactions (9/24/21)
First Bitcoin ETF Launches in the U.S. (10/19/21)
Bitcoin’s Biggest Upgrade (Taproot) in 4 Years Goes Live (11/14/21)

4 – 2021 Bear – Sovereign Nations Weigh In (5/21 – 7/21)

5 – 2021 Bull #1 – First “Early Institutional Investor” Led Bull Market (10/20 – 4/21)

Square Buys $50 Million in Bitcoin (10/8/20)
Asset Manager Stone Ridge Reveals 10,000 Bitcoin Purchase (10/13/20)
PayPal Allows Bitcoin and Crypto Spending (10/21/20)
169-Year-Old MassMutual Invests $100 Million in Bitcoin (12/10/20)
Coinbase Files for IPO (12/18/20)
Tesla Buys $1.5 billion in Bitcoin (2/8/21)
Canada Approves First Bitcoin ETF (2/12/21)
Square Buys $170 Million Worth of Bitcoin (2/23/21)
GBTC Premium Flips To Discount For The First Time (Non-Event To Almost Everyone But Very Important Event In “Crypto” Space) (2/25/21)
Morgan Stanley Becomes The First Big U.S. Bank To Offer Its Wealthy Clients Access To Bitcoin Funds (3/17/21)
Tesla Accept Bitcoin as Payment (3/24/21)
Coinbase IPO (4/13/21)

6 – NASDAQ-listed MicroStrategy Buy 21,453 Bitcoin ($175 Million) as Primary Reserve Asset (8/11/20)

First Publicly Listed Company To Purchase Bitcoin.
- MicroStrategy Invest $1.1 Billion By End of 2020.
- MicroStrategy Invest $2.6 Billion During 2021.
- MicroStrategy Invest $276 Million During 2022.
- MicroStrategy Invest $540 Million YTD 2023 (as of September).
Early Institutions Have Arrived.
Robert Breedlove/Michael Saylor Series Releases November 2020.

7 – COVID (Early 2020)

Everything Went Down When We Thought The World Was Ending. Then, Money Printer Go Brrr!

8 – 2017 Bull Run

Published by deanorolls