Bitcoin's moment in the sun ☀️

Bitcoin is up, trading well above $25K. Ethereum is up, trading well above $1.5k. Playboy loses millions in crypto. YouTube influencers face a $1 Billion class action lawsuit for promoting FTX.

Hello y'all. This is The Token Dispatch. What's up portfolio watchers? I wanna talk bout crypto … Why not show us some love on telegram? For all crypto things, eh? 🤟

Do you know about Bitcoin? Do you want to know about Bitcoin? We will tell you all about it. We will tell you all about it. Fun facts. Fun views. Hold tight.

Bitcoin is …

• The child born out of the great modern day financial crises of 2008

First block of Bitcoin had an inscription in the code:

"The Times 03/Jan/2009 Chancellor on the brink of the second bailout for banks."

• The 12th most valuable asset in the world. Still undervalued?

• It's growing. If the adoption curve goes as per the graph. We are in for an adventure.

• Is it the bank that the modern world need? What we are witnessing is the beginning of the great reset?

Naval @naval

Someday, we will look back and realize that there were only two banks all along. The Federal Reserve, the fully centralized bank, and all of its branches, and… Bitcoin, the fully decentralized bank, and all of its stepchildren.

Bitcoin was built for this moment, asks Tatiana Koffman

Bank runs like these are the reason Bitcoin exists, thinks Julian Liniger

Moral hazard dilemma Bitcoin was designed to end, reckons David Morris

• Bitcoin is a surviour. Bans. Meltdowns. Winters. In the last fifteen years, it has seen it all. Still alive, still fluctuating but not giving up.

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TTD Mark To Market

Bitcoin is hot now. Very hot. It's crossed $25K and sitting pretty.

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TTD Blockquote 🔊

US Senator for Colorado Michael Bennet

"[Crypto] isn't even as stable as the marijuana industry." 

Strong words for banks cozying up to crypto companies, while the cannabis industry is left out in the cold. We feel you. We really do.

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TTD Number Picker 🔢

$4.9 Million

Playboy lost all that dosh in crypto.

What happened? PLBY Group had accepted Ethereum as payments for its "Rabbitars" NFTs and held them on its balance sheet as digital assets. Unfortunately, the value of these digital assets plummeted, and they're currently sitting at a mere $327,000. The decline in the crypto market prices was to blame. The company's digital assets were worth $1.75 million as of Sept. 30 of last year. We feel you. We really do.

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TTD What We Following

A $1 Billion class action lawsuit has been filed against several YouTube influencers for promoting cryptocurrency exchange FTX without disclosing their financial ties to the company.

The lawsuit claims that YouTube played a central role in how influencers promoted FTX, noting that the video streaming platform is more popular than network television. The lawsuit was brought against content creators that reached millions online, including BitBoy Crypto creator Ben Armstrong and finance YouTube creator Graham Stephan, among seven other individuals and the talent management firm Creators Agency.

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TTD Surfer 🏄

• Investors rush to buy tokenised diamonds amidst US bank collapse - sales skyrocket by 300%.

• AI tokens are on a surge with renewed buzz around OpenAI's GPT 4.

• Doodles is no longer an NFT project and will not cater to speculators, according to co-founder Jonny Howle.

• The day after Silicon Valley Bank collapsed, the number of active NFT traders dropped to its lowest point since November 2021, as per DappRadar report.

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