TEN31 TIMESTAMP 835918
THE WEEK BROUGHT SEVERAL HEADLINES INDICATING ONGOING SOVEREIGN AND INSTITUTIONAL INTEREST IN BITCOIN, INCLUDING CONSTRUCTIVE ANNOUNCEMENTS FROM JAPAN’S $1.5 TRILLION GOVERNMENT PENSION FUND AND BLACKROCK’S HEAD OF DIGITAL ASSETS. BITCOIN DOESN’T NEED OFFICIAL ENDORSEMENT FROM ANY OF THESE INSTITUTIONS TO CONTINUE DOING EXACTLY WHAT IT WAS DESIGNED TO DO, BUT WITH MONETARY EASING APPARENTLY GETTING CLOSER DESPITE ENTRENCHED INFLATION AND GLOBAL DEBT CONTINUING TO RAMP WITH SEEMINGLY NO CEILING, WE EXPECT BOTH NETWORK HASHRATE AND INTEREST FROM LEGACY PLAYERS TO CONTINUE MOVING UP AND TO THE RIGHT THIS YEAR AND BEYOND.
