We have had a bevy of good news today in Bitcoin and crypto

Did you like the word I used above, "bevy"?

Bevy is loosely defined as "a large group of things".

Basically we had a large group of good news on bitcoin and crypto today.

First we had Palantir announcing that they were accepting bitcoin as a form of payment and were also contemplating putting it on their balance sheet.

(Source: https://twitter.com/DocumentingBTC/status/1392100123023400963)

While the numbers they might do were not announced, the implications are there.

A major tech company is contemplating bitcoin on their balance sheet and accepting it as a currency.

Secondly, we had news from Block.one and Peter Thiel that they are launching a $10 billion dollar crypto exchange to challenge Coinbase.

Yes, you read that right, $10 billion dollars...

That is a ton of money to throw at a crypto Exchange and if they market it enough, no reason it can't challenge Coinbase.

More on that can be seen here:

https://www.telegraph.co.uk/technology/2021/05/11/coinbase-threat-new-10bn-cryptocurrency-exchange/?utm_content=tech&utm_medium=Social&utm_campaign=Echobox&utm_source=Twitter#Echobox=1620743070

And finally Hungary announced they are cutting bitcoin taxes in half to spur economic growth.

The drop is from 30% to 15%.

While that by itself isn't huge news, it might be something many countries try as their economies struggle to rebound.

Which would probably help lower bitcoin taxes everywhere.

That would be nice for US investors which are facing some very high taxes in the near future if the Biden proposal goes through anywhere near the numbers proposed.