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- Does Apple love or hate Bitcoin?
Hey! It's Postman Big Joe Crypto!
Your trusty mailman, delivering the latest crypto news straight to your inbox, so you can stack those coins higher than a tower of parcel boxes!
Can’t deliver the crypto mail without a quick slide…
Here's what's happening today:
🍏 Is Apple hating on Bitcoin?
🌌 Bitcoin ETF space race is on!
👀 MicroStrategy buys more BTC
Got any big crypto questions for me?
BIG MOVERS: THE CHARTS
*Prices as of 12:15 PM EST. BIG Movers based on top 300 cryptos by market cap.
TODAY’S BIG STORY
Does Apple Hate Bitcoin (BTC)?
Apple, the king of tech (and sweet presentations), is at odds with Bitcoin, the king of crypto.
The battlefield? Apple’s App Store. Ya I know… doesn’t seem like a fair fight.
The target? Damus, a social media app that runs on the Nostr protocol and lets users send Bitcoin tips to their favorite content creators.
What’s Apple’s problem? Apple claims the "zaps" feature goes against their guidelines as it's not using Apple Pay for digital content transactions.
The plot thickens as Jack Dorsey, former Twitter CEO and current head of Block, steps into the ring.
He's publicly questioning Apple CEO, Tim Cook, about why Apple Pay doesn't support Bitcoin.
🤔 Why you should care:
This tussle isn’t just about an app.
It's about the larger questions surrounding Big Tech's control over consumer applications and the cryptocurrency community's push for a financial system free from censorship.
If Apple Pay were to incorporate Bitcoin – which has over 500 million users it could significantly drive mass adoption for the cryptocurrency, and give people around the world access to financial services.
Jack even points out that the technology being used is key to the future of the internet.
Which begs the question… doesn’t apple care about Bitcoin and the future of the internet?
Apparently they do as it was even discovered that The Bitcoin white paper was hidden inside the operating system of every Apple Macintosh computer shipped since 2017. So someone over there at least believes Bitcoin is the future.
This saga is far from over, so watch this space closely.
More News…
The Race for the First Bitcoin ETF is Heating Up!
It seems Cathie Wood's ARK Invest and 21Shares are taking the old saying, "If at first you don't succeed, try, try again" quite literally when it comes to their Bitcoin ETF aspirations.
They've been knocked back twice by the SEC, who rejected their previous applications for a spot Bitcoin ETF, but are up for round three – showing a level of persistence that would make even a Bitcoin miner blush.
The news comes during a time when tons of other the high-profile spot Bitcoin ETF applications are pouring in. Here’s just a few others that are in on the ETF race:
BlackRock
WisdomTree
Invesco Galaxy
Valkyrie Investments
And although they haven’t quite struck gold, of shall I say “Bitcoin” just yet, the fact that these financial titans are even trying has people’s eyebrows raised sky high.
But what exactly is a Bitcoin ETF?
Now, if you’re wondering, "What the heck is a Bitcoin ETF?" and why do so many people seem to care… let's break it down.
A Bitcoin Exchange-Traded Fund (ETF) is essentially a stock that shadows the performance of Bitcoin, letting you ride the Bitcoin wave without getting your feet wet.
You buy and sell it on a stock exchange, just like Apple or Google stock, for example.
The value of the Bitcoin ETF moves with Bitcoin's price. Pretty nice!
And it's a convenient way for folks who like the idea of investing in Bitcoin, but who also enjoy the simplicity of stock trading and not having to remember complex passwords or risk losing a digital wallet.
🤔 Why you should care:
For people who think crypto is too complicated and risky, Bitcoin spot ETFs give them a “traditional” way to invest in the crypto space. So it’s a win-win for them.
For “moonboys” (people who wanna see the crypto of crypto go uuuuuup 🚀 ), “Bitcoin Maxis” (die-hard Bitcoin fans 🤑 ), and crypto investors, Bitcoin ETFs mean mass adoption.
Mass adoption means more people using crypto, and that would in turn mean “we” (the crypto people) were right all along.
What does being right mean?
Being right in this context would validate the years-long assertion by crypto enthusiasts that a new financial system, grounded in cryptocurrencies, is not only viable but necessary.
It represents a shift in traditional finance acknowledging the value and potential of cryptocurrencies, leading to wider acceptance and usage.
It's like seeing the underdog team you've always supported finally getting recognized and playing in the major league.
Only time will tell when any Bitcoin ETFs get approved, but you can beat the mad rush to the market and make more gains by taking action now.
TODAY'S BIG CRYPTO TIP
Use a Wallet aka “Self Custody”
Today’s tip is short and sweet (and always worth repeating):
As you stack up Bitcoin, never leave it on exchanges longer than necessary.
Secure them in a private wallet - because remember, if you don't own your keys, you don't own your crypto.
Stay safe!
MORE BIG HEADLINES
📉 Binance’s market share fell in June. Not surprised.
💶 Love it or hate it… the EU seems to be moving closer to a digital EURO.
💸 MicroStrategy buys more Bitcoin. What else is new?
BIG LAUGHS! MEMES OF THE DAY 😂 🤣
Haha! Fingers crossed for BTC’s price this week! 🤞
Totally the situation in the market right now. LOL!
