"A rising tide lifts all boats."
This was especially true when #bitcoin previously reached all-time highs; however, this time is different, as altcoins have collectively lost about $500 billion in total market capitalization.
#Bitcoin ETFs see U.S. $640 inflow as the unit price tickles 73k.
#Bitcoin has finally broken out of a 7 month downtrend.
🇺🇸 Florida's Chief Financial Officer 🇺🇸 advocates for a strategic #bitcoin reserve, mentioning that BTC is "digital gold."
🇺🇸 Jason Lowery's book "Softwar: A Novel Theory on Power Projection and the National Strategic Significance of #Bitcoin" has been under security and policy review by the Department of Defense.
The Satoshi statue has disappeared from Lugano! Only a few days after installation someone has removed and stolen the artwork.
"I think this is a Banksie like stunt as well as a conceptual element of the artwork itself. What good is a Satoshi that does not dissappear?"
#bitcoin
In simple terms, the tax formula ensures that, regardless of how well Bitcoin performs, any gains you make will be reduced to the point where they fall below what you’d get by holding the equivalent in traditional currency. While Bitcoin’s value may rise, the taxes will adjust to keep your returns lower, similar to what a traditional investor might experience, effectively limiting your financial growth.
"In a number of decades Cardano will flip Bitcoin and the majority of governments in the world will run on our infrastructure."
- Charles Hoskinson
"Blockchain Costanza is all excited because his team has made a zero knowledge bridge between #bitcoin and Cardano, which can act as a toilet for unwanted digital assets."
🇺🇸 Federal Reserve Bank of Minneapolis 🇺🇸 says "A legal prohibition against #bitcoin can restore unique implementation of permanent primary deficits, and so can a tax on Bitcoin."
They want to use this formula.
The tax works by continuously reducing the value or returns from holding Bitcoin, and the government collects these taxes as part of their revenue.
Three of the six new members of BRICS - 🇦🇪 UAE, 🇦🇷 Argentina and 🇪🇹 Ethiopia who are mining #Bitcoin with government resources.
Russia's Sovereign Wealth Fund is investing in Bitcoin mining throughout BRICS countries with the goal of settling global trade in #Bitcoin.
🇯🇵 Japanese Investment Firm 🇯🇵, Metaplanet, just surpassed ₿1000 with a purchase of 10.4 million yen!
"The momentum is building!"
It turned out that they did not sell. They were simply organizing the wallets.
It was ironic that #bitcoin was attacked for being environmentally unfriendly while the far more severe realities of ACTUAL mining went by the wayside.
Opinion:
Gold and precious metal mining is very hazardous for the environment, but nobody teally talks about that ever!
Just some of the impacts of mining precious metals are:
• Deforestation
• Water pollution
• Soil contamination
• Air pollution
• Biodiversity loss
• Waste generation
• Cyanide heap leaching
• Acid mine drainage
• Landscape alteration
🇺🇸 St. Louis Federal Reserve Bank 🇺🇸 releases an article on why a gold standard wouldn’t work, listing gold’s lack of a fixed supply as a “significant problem”.
"Ummmm.... #bitcoin?"
Solo #bitcoin miner does it again!, garnering a block reward of 3.329 BTC.
CK Solo Mining Pool, also known as CKPool, is a solo mining service that allows miners to attempt to find Bitcoin blocks individually without needing to run a full Bitcoin node or download the blockchain. It charges a 2% fee and allows miners to keep 98% of the block reward plus transaction fees directly in their Bitcoin wallet. For this miner, the situation is not much different to winning the lotto.
View the block:
https://mempool.space/block/00000000000000000000d8d5d589093811cf7ecf5aa7bd768d459e45e4682d3e
BlackRock has recently surpassed 400,000 BTC in holdings. Collectively, all Bitcoin ETFs hold roughly 1 million BTC, which accounts for about 4% of the total Bitcoin supply. From this, we can deduce that BlackRock owns less than 2% of the total Bitcoin supply.
"Bitcoin is the people's asset."
There is no other way so it seems that Denmark has 'the cart before the horse' so to speak because, as we know, many citizens hold non-kyc #bitcoin.
It seems EU countries will shape their policy to attempt to please the ECB and we know from the recent paper that they aim to tax the hell out of cryptocurrency if not crush it.
