Bitcoin Reddit Roundup October 2020
This post contains 37 links to most of the best quality content that was uploaded to Reddit for this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other forums as well, such as r/BitcoinMining.
In this roundup, there are 10 different categories organizing each link: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial Incumbents) and, last but not least, Memes, Fun And Other.
October picked up in bullishness where September left off, particularly in the price. The confidence in BTC amongst the community has been as strong as ever, with many anticipating a steep rise in price and many bulls calling for a new all-time high before the end of the year. Only time will tell.
Institution adoption of bitcoin as a treasury reserve asset continues to be the hottest topic in the space, as Square joined MicroStrategy and bought $50 million worth of BTC. These were just two of the many dominoes to fall for Bitcoin — Stone Ridge Asset Management revealed its $115 million Bitcoin investment as well.
This was especially interesting as many employees at the company were Bitcoiners and already holding BTC, enticing their firm’s auditors to look at it more closely. All of these big institutions entering the space makes us think… Apple just released that it jas $191.83 billion cash on hand and you have to ask yourself, so when does Apple buy Bitcoin?
As time goes on, more and more of the legacy financial institutions are changing their minds about Bitcoin, and we saw them being pretty vocal about it this month. A former hedge fund chief manager from Goldman Sachs has come out with a $1,000,000 BTC prediction. This goes hand-in-hand with JP Morgan Chase talking sweetly about Bitcoin recently as well. It seems that the Wall Street firms are starting to give up the battle that they had no shot at winning in the first place.
In addition, legendary hedge fund manager Paul Tudor Jones has expressed that he likes Bitcoin now even more than before, and that this bull market is still in the first inning.
A Recap of Bitcoin Stories In October 2020
Hong Kong Island Today (10/29)
Bitcoin Optech Newsletter #119 (10/14)
Call me Ishmael: 8 Bitcoin Brain Wallets Were Created, Using Passphrases From Popular Works of Fiction. All The Funds Were Quickly Swept Away & In One Case The Funds Were Taken In 0.67 Seconds – BitMEX Research (10/13)
Multisig Coming To Blue Wallet (10/14)
Bitcoin Mining: Beginner’s Guide (10/29)
Regulation & Politics
Archeology (Financial Incumbents)
Memes, Fun, & Other
This Is Africa (10/13)
Lovee a good Monday pump (10/19)