Opinion:
According to various public disclosure sources, the top 5 countries where citizens, governments, and institutions have invested in #Bitcoin as a whole are:
➊ United States
➋ China
➌ United Kingdom
➍ Germany
➎ El Salvador
"Of course, the accuracy of such a list is highly questionable due to the pseudonymous nature of the network and the likely distribution of holdings over hierarchically derived addresses from a single private key. The underlying reality of this ranking could differ greatly, which is definitely food for thought!"
Ben Sigman, CEO of Bitcoin Libre, creator of simplified Bitcoin/Tether wallet has released a revised version of his #Bitcoin 101 cheatsheet. Here is an upscaled version for easier viewing on mobile devices.
🇺🇸 U.S. #Bitcoin ETFs saw $541 million in outflows amid election uncertainty. This is the second largest to date.
"Most of the traditional financial sector remains fixated on immediate rewards, quickly moving in and out of the top asset at the slightest provocation. The buy-and-hold approach, especially regarding Bitcoin, has yet to become ingrained in the mindset of Wall Street traders."
🇬🇧 British pension firm Cartwright 🇬🇧 has advised a 3% allocation of #Bitcoin in its pension fund. Interestingly, they have bypassed the ETF route, opting to purchase BTC directly and have set up a multisig arrangement across five independent institutions.
This represents the largest BTC allocation by any pension fund globally and is likely to set a trend for others to follow.
"First slowly, then all at once!"
A new company following the MicroStrategy #Bitcoin playbook, Semler Scientific, has raised USD $2.5 million for its latest BTC acquisition, bringing its total holdings to ₿1,058. Semler Scientific develops technological products for healthcare providers.
"MicroStrategy's pivot to becoming a Bitcoin development company will ensure that we see many more companies like this choosing to add BTC to their balance sheets!"
According to Arkham Intelligence, Mt. Gox has sent USD $2.2 billion worth of #bitcoin to two wallet addresses. Usually, but not always, this is a consolidation procedure before selling the asset on an exchange.
Since its inception, the media has falsely proclaimed the death of #Bitcoin no less than 350 times.
You can read each and every headline here: https://99bitcoins.com/bitcoin-obituaries/
"Soon every billionaire will buy a billion dollars of #bitcoin and the supply shock will be so great that we will stop measuring it in terms of fiat."
— Michael Saylor
🇩🇪 Deutsche Telekom 🇩🇪, Europe's largest telecommunications company, has started mining #bitcoin using surplus energy.
"It appears that other German organizations do not share the same hostility towards Bitcoin as the German government has demonstrated."
The #Bitcoin logo is now on Swiss television at every homegame of the first division team Lugano FC.
Opinion:
"Hodler psychology is optimal when there’s a clear understanding of the difference between a speculative pump and an adoption-driven pump."
Opinion:
#Bitcoin is engineered to appreciate in value, regardless of who is elected.
Bitcoin = $11
2012 - Democrat - Obama
Bitcoin = $700
2016 - Republican - Trump
Bitcoin = $15, 489
2020 - Democrat - Biden
Bitcoin = $68, 823
"Political candidates always talk; political electorates sometimes act. #Bitcoin does not care!"
🇺🇸Ramaswamy's Strive has launched a wealth management arm offering #bitcoin to clients. 🇺🇸
In the past days Bitcoin hit all-time high in 113 currencies.
"Nothing's stopping this train."
Michael Saylor’s #Bitcoin strategy boosted MicroStrategy from a U.S. $1B to a $52B market cap.
"Now he wants to double it!"
Opinion:
Picture a bomb meticulously loaded with explosive energy — each bit of purchased #Bitcoin adding to the charge. The longer we delay detonation, the more explosive potential builds. This bomb is nearly primed, waiting for something goid or even bad to act as a trigger: an election, Bitcoin’s supply drying up, or the moment when all "weak hands" exit. When that trigger finally hits, the impact will be all the more powerful, fueled by every unit of Bitcoin purchased in anticipation.
"Tick-Tock, Next Block, Boom!"
🇺🇸 U.S. ETFs 🇺🇸 bought 11,900 #Bitcoin on October 29th—equivalent to a month’s supply.
