Daily Crypto NewsEDITION #214, 14 May 2021

Wow, Armstrong conquered TikTok!

Hey #Moni Maker 🎸

Today, in 1998, the Associated Press agency celebrated its 150th anniversary. Crypto media cannot boast of such a long history, because many media are not even one year old! But this is not a minus, but a plus.

This means that we are right at the beginning. We are writing history! Let’s go!

Coinbase has been ranked # 1 in the Apple Store for the first time since 2017!

So what?

Everyone was waiting for the boom of ICO number 2, and the boom of meme-coins came. Crypto proves that although history is cyclical, the place for a surprise is always reserved and prepared.

Our friend, Bitcoin maximalist and just a wonderful person, Tony B breaks into digests with his author's column! After reading one post from Tony, your IQ will increase by a couple of values. Tested and proven.

Tony decided to share his thoughts on models. Let’s go!

A post in the "All models are wrong, some of them are useful"

Part I: S2F and S2FX models

Let's start with arguably the most famous model (or rather, models) - S2F and S2FX, prepared by the popular among bitcoiners quant PlanB.

> Both of his models are described on the quant’s website. While we have already reached the price targets predicted by the first model ($55,000), the second model, S2FX, indicates a peak value of $288,000.

> In a nutshell, The original BTC S2F model is a formula based on monthly S2F and price data. Since the data points are indexed in time order, it is a time series model.

> S2FX solidifies the basis of the current S2F model by removing time and adding other assets (silver and gold) to the model. The author calls this new model the BTC S2F cross asset (S2FX) model. S2FX model enables valuation of different assets like silver, gold and BTC with one formula.

Interactive chart: digitalik.net

Follow Tony on Twitter. Do it!

Incrypted’s opinion on the situation around Mr. Musk:

Tesla plans to receive funding in the form of loans that the Joe Biden administration is providing for renewable energy companies.

So Bitcoin itself, most likely, has nothing to do with it, moreover, there is a suspicion that Tesla will sooner or later return to Bitcoin as a means of payment, and they do not plan to get rid of Bitcoin as an asset on the balance sheet. Or maybe they will even buy in addition, using the price drawdown (but this is just an opinion that has nothing to do with reality).

And you...buy Bitcoin! 😉