Julian Assange and the Real-World Case for Bitcoin’s Importance...

Julian Assange, the creator of WikiLeaks, has spoken publicly for the first time since his release from prison. You might be wondering what this has to do with our cryptocurrency morning notes. Assange was among the earliest notable adopters of Bitcoin after being debanked personally, and WikiLeaks was also blocked from receiving payments through traditional banking and payment providers. This occurred in 2010, just a year after Bitcoin’s inception, at a time when the concept was foreign to most.

From that point on, WikiLeaks continued to invest in Bitcoin and saw a staggering 50,000% return by 2017. Bitcoin "maximalists" rallied behind Assange and continued to support him with donations during his imprisonment.

The respect Assange holds within the crypto community was on full display during his release from long-term imprisonment in the UK this past June. An anonymous donor gifted him 8 BTC, valued at approximately $736,000 AUD. These donations also covered Assange's jet and recovery expenses, which totaled $520,000 USD.

Assange’s story highlights why Bitcoin is so vital. It not only serves as protection against the risks of fiat currency but also offers an alternative means of storing wealth, free from third-party liabilities or the danger of asset freezes. Bitcoin grants financial freedom beyond traditional systems and should be viewed as more than just an investment.

Stormrake Spotlight: Solana ($146.20)

Solana has risen 10% since we first mentioned it last week and is now approaching the bullish half of the range. A breakout here could see SOL continue toward the range highs of $170. Until then, remain patient and consider pullbacks as opportunities to dollar-cost average (DCA) into your positions. Check back tomorrow for the next Stormrake Spotlight.

BTC/USD Key Levels and Price Action:

Bitcoin has maintained its bullish momentum, breaking above all key moving averages, particularly the 200 SMA. If BTC can hold above this moving average at $62,700, there’s a good chance it will re-test the key resistance level of $63,800.

BTC Total ETF Flows for 6 Oct: $ N/A

ETH/USD Key Levels and Price Action:

Ethereum may finally be showing signs of strength. ETH has broken above the 21 and 55 EMAs, causing a bullish crossover between the two. This short-term trend suggests ETH could attempt to move back toward the key resistance level of $2,556, though it will likely encounter resistance from both the 200 moving averages and CPR levels.

ETH Total ETF Flows for 6 Oct: $ N/A

Written by Alexandar Artis

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