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Be A Bitcoin Bridge

Published

3 months ago

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Often, when I speak with everyday Bitcoiners — plebs, if you will — they share with me that they’re torn between carrying on with their “fiat job” and getting more involved in the Bitcoin space on a professional level.

I usually tell them that they can start by incorporating Bitcoin into what they currently do for a living, though, I haven’t had a great example of someone doing this that I can point them to — until this morning.

When it’s time for the clients of osteopath Rob Shaw, based in Essex, UK (just outside of London), to pay him for his services, he presents them with the option to pay with British pounds or bitcoin via a Musqet PoS device.

(Please note he doesn’t go into a lesson on Bitcoin’s underlying technology or the principles of Austrian economics as he does this.)

Rob shared that here and there a client will act surprised when presented with the option to pay with bitcoin but that most simply make their choice between the two and proceed with making their payment.

Rob’s efforts have led to two of his clients now regularly paying in bitcoin, and he also provides a touchpoint for those who have yet to begin paying with it.

In this way, Rob is a Bitcoin bridge.

(And, ironically enough, it was an organization called Bridge 2 Bitcoin that introduced Rob to Bitcoin as a payment technology for his business.)

He’s subtly introducing people to Bitcoin, giving them the option to cross over into Bitcoin land in the process.

On Tower Bridge in London with Rob.

Some might call this “orange-pilling” (a term I don’t like much because it feels too coercive), but I’d argue that this is a more refined way to present bitcoin to people. In offering it as an official payment method for professional services, it legitimizes Bitcoin and prompts those unfamiliar with it to begin viewing it in a new light.

If professionals around the world employed such an approach, Bitcoin adoption would accelerate notably.

So, instead of feeling that you have to drop whatever you’re doing for work to join the Bitcoin industry full-time, consider being a bridge to Bitcoin and bringing the Bitcoin industry to what you’re already doing.

Be like Rob, be a Bitcoin bridge!





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Hints of Long-Term Crypto Bear Market Showing Up, According to Coinbase Analyst

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47 minutes ago

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April 17, 2025

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A top Coinbase researcher says signs of a long-term crypto bear market are starting to emerge.

David Duong, the global head of research at Coinbase, says in a new analysis that the 200-day moving average (MA) indicates bearishness for Bitcoin (BTC) and the Coinbase 50 Index (COIN50), which tracks the performance of the 50 largest digital assets by market cap.

“As Bitcoin’s role as a ‘store of value’ continues to grow, we think a holistic evaluation of crypto’s aggregate market activity will be needed to better define bull and bear markets for the asset class, particularly as we’re likely to see increasingly diverse behavior in its expanding sectors.

Nevertheless, both BTC and the COIN50 index have recently broken below their respective 200-day MAs, which signals potential bearish long-term trends in the overall market. This is consistent with the fall in the total crypto market cap and decline in venture capital funding for this space, hallmarks of a potential crypto winter rising.”

The analyst says if a crypto bear market does set in, a bullish reversal could start taking shape sometime between July and September.

“Thus, we think this warrants taking a defensive stance on risk for the time being, though we still believe that crypto prices may be able to find their floor in mid-to-late 2Q25 – setting up a better 3Q25.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin Price Holds Steady, But Futures Sentiment Signals Caution

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7 hours ago

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April 17, 2025

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Este artículo también está disponible en español.

According to a recent CryptoQuant Quicktake post, while Bitcoin (BTC) has seen a steady rise in price from November 2024 to February 2025, sentiment in the cryptocurrency’s futures market has not shown a corresponding uptick.

Bitcoin Futures Sentiment Index Signals Caution

Bitcoin’s price surged from approximately $74,000 in November 2024 to a peak of $101,000 by early February 2025. However, following US President Donald Trump’s tariff announcements, risk-on assets – including BTC -have experienced a significant pullback.

After hitting a potential local bottom of $74,508 earlier this month on April 6, the apex cryptocurrency has recovered some of its recent losses. The top digital asset is trading in the mid $80,000 range at the time of writing.

Despite this recovery, BTC’s futures sentiment has continued to decline since February. Even as the price holds near local highs, sentiment in the futures market has notably cooled.

CryptoQuant contributor abramchart highlighted this divergence, noting that it could indicate increasing caution or profit-taking behavior despite the ongoing bullish trend. The analyst commented:

This indicates a cooling interest or increased fear in the futures market, possibly due to macroeconomic uncertainty, regulatory concerns, or expected corrections.

A look at the BTC futures sentiment index shows a resistance zone around 0.8 and a support level near 0.2. The index is currently hovering around 0.4, pointing to a predominantly bearish sentiment across futures markets.

cq
The BTC Futures Sentiment Index currently hovers around 0.4 | Source: CryptoQuant

Similarly, Bitcoin’s average price has steadily declined from its early 2025 highs. It is now ranging between $70,000 and $80,000, signalling possible market indecision amid heightened tariff tensions.

According to abramchart, if futures sentiment remains low, BTC could face extended price consolidation or even downward pressure in the near term. However, any emerging bullish catalyst could quickly shift the sentiment and renew upward momentum.

Is BTC Close To A Momentum Shift?

Some analysts believe Bitcoin may be nearing a breakout. After consolidating in the mid-$80,000s for several weeks, on-chain metrics suggest BTC may be undervalued at current levels. Indicators such as BTC exchange reserves and the Stablecoin Supply Ratio support this view.

In addition, momentum indicators like Bitcoin’s weekly Relative Strength Index have begun to break out of a long-standing downward trendline – raising hopes for a potential bullish rally back toward $100,000.

However, several risks still remain. The recent appearance of a ‘death cross’ on BTC’s price chart – combined with persistent macroeconomic concerns related to trade tariffs – could still weigh heavily on market sentiment. At press time, BTC trades at $83,917, down 1.8% over the past 24 hours.

bitcoin
BTC trades at $83,917 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from Unsplash, Charts from CryptoQuant and TradingView.com



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Panama City Approves Bitcoin And Crypto Payments For Taxes, Fees, And Permits

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7 hours ago

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April 17, 2025

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In yet another milestone for Bitcoin adoption in Latin America, the Panama City Council has voted to approve the acceptance of Bitcoin and other digital currencies for municipal services, making it the first public institution in the country to do so.

The news was announced by Panama City Mayor Mayer Mizrachi on X (formerly Twitter), who stated:

“Panama City council has just voted in favor of becoming the first public institution of government to accept payments in Crypto. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, USDT.”

This decision sets Panama City on a more progressive path, enabling residents to interact with their local government using Bitcoin for everyday transactions. Mizrachi also explained how this was achieved without the need for new legislation, a hurdle that had stalled previous efforts.

“Prior administrations tried to push a bill in the senate to make this possible, but we found a simple way to do it without new legislation. Legally, public institutions must receive funds in $, so we partner with a bank who will take care of the transaction—receiving in crypto and convert on spot to $. This allows for the free flow of crypto in the entire economy and entire government.”

The Panama City Mayor’s Office further confirmed the news on its official social media channels, saying:

“We will soon become the first public institution in the country to allow payment for municipal services in cryptocurrency, through an authorized bank that will be responsible for converting the proceeds into dollars for the Mayor’s Office.”