Wait - isn't #Bitcoin the thing that people use for illicit activities?
After debasing the GBP for years via money printing, the Bank of England has adopted an aggressive policy of job destruction: via interest rate hikes. It is, ostensibly, aimed at ‘bringing down prices’ and it seems to be ‘working’.
Welcome to the absurd world of Central Planning.
In just the first four days of operation, the nine new #BTC ETF providers in the US have directed a staggering $3BN in new funds towards Bitcoin. Combined, they are now worth more than the ETFs for silver, and occupy the second spot for the largest commodity ETFs after gold.
This suggests that institutional demand for Bitcoin is potentially enormous, and that Wall St is paying serious attention. Tick tock.
Source: Bloomberg 
In just a few short years, Blackrock's Larry Fink has shifted from repeating myths like "Bitcoin is for criminals" to talking about how Bitcoin can help to protect people from inflation.
He figured out he was wrong, reassessed his position, and is now making Blackrock's trillions of dollars in customer AUM available for investing in #Bitcoin.
Everyone will figure this out, eventually.
34 TRILLION USD in $100 bills. Stacks of $1mn, $1BN, $1TR, and $34TR. This is the US National Debt.
Global debt levels - including governments, corporations and households - are now around 10x this.
Every one of these dollars is created as a debt (with interest owed on it). So where does the money come from to repay it all?
Time to pay attention.
#Bitcoin
Ras Al-Khaimah, a visionary emirate in the UAE, has launched a free-economic zone with a focus on #Bitcoin and AI.
This marks a strategic pivot from tourism, real estate and manufacturing to tech innovation and digital transformation.
Are critics of #Bitcoin justified in criticising its usage of water?
In a nutshell, no. It could actually help us secure it.
https://batcoinz.com/how-bitcoin-can-help-nations-out-of-water-scarcity/
Jack Dorsey Backs Ocean In Shifting Toward Decentralized #Bitcoin Mining
by nostr:npub1hwgw0uznr49t4gullpgfz4m5xnakl5a0l88m3k382xv7ys0tfmlsd503sg for Forbes.
A significant development has taken place in the world of bitcoin mining, with the introduction of a new mining pool called OCEAN. This initiative, receiving substantial backing from Jack Dorsey and other strategic partners, aims to redefine the bitcoin mining process by prioritizing decentralization and miner autonomy. Understanding the fundamentals of bitcoin mining, the role of ASICs, and the dynamics of mining pools becomes crucial in this context, as well as assessing the specifics of OCEAN's launch and its potential impact on bitcoin's price...
#Bitcoin mining could supercharge transition to renewables, study claims - The Independent
Solar and wind energy installations could earn hundreds of millions of dollars by mining bitcoin during periods of excess electricity generation.
Is Bitcoin about to become a core part of the energy grid?
https://www.independent.co.uk/tech/bitcoin-mining-solar-wind-renewable-energy-b2454666.html
The number of wallets holding #Bitcoin for more than one year has again reached an all-time high: 70.72%. Strong hands.
Source: https://www.lookintobitcoin.com/charts/1-year-hodl-wave/
Creator of nostr:npub1864jglrrhv6alguwql9pqtmd5296nww5dpcewapmmcazk8vq4mks0tt2tq nostr:npub1cn670f663n3ks02jnnlsvd5y88zjnefy8343ykaxs7y3nzzketrsrjwt8a makes the case for making #Bitcoin part of our everyday spending habits, and presents an interesting snapshot into their project’s merchant adoption data.
Nigerian #bitcoin miner, Trojan Mining, has launched a 500KW hydro mining facility, paving the way for the country to harness more of its previously unviable sources of hydroelectric power.
Forbes: Javier Milei Wins Argentine Presidency With Pro-Bitcoin And Anti-Central Bank Agenda by nostr:npub1hwgw0uznr49t4gullpgfz4m5xnakl5a0l88m3k382xv7ys0tfmlsd503sg.
The number of companies acquiring #Bitcoin as treasury reserve assets is growing.
The latest is Hong Kong-based game company Boyaa, which has telegraphed plans to acquire $45MN worth of #BTC - a move that would see it ranked 12th in corporate holdings.
See the others here: https://bitcointreasuries.net/
An Analysis of #Bitcoin ’s Use in Illicit Finance.
Michael Morell, a former acting Director of the United States CIA, investigated #Bitcoin ’s (and other crypto-currencies’) role in illicit activity. What did he find?
• Bitcoin use in illicit activity is far less than many people assume.
• It is likely a significantly smaller share of the bitcoin-economy than illicit use of dollars are vs global GDP.
• Claims about the use of Bitcoin in illicit finance are vastly overstated.
• Illicit activity among all cryptocurrencies as a percent of total cryptocurrency activity from 2017 to 2020 was less than 1%.
• For Bitcoin specifically, CipherTrace estimates that illicit activity makes up less than 0.5 percent of total transaction volume.
Taken together, this report suggests that the illicit use of cryptocurrencies in general and Bitcoin in particular, as a share of total market activity, is certainly not higher than it is in the traditional banking system and is most likely less.
With a raft of Spot ETF applications on the SEC’s table, #Bitcoin is once again eyeing the $40K milestone.
By nostr:npub1hwgw0uznr49t4gullpgfz4m5xnakl5a0l88m3k382xv7ys0tfmlsd503sg for Forbes.
Yesterday evening german politician Joana Cotar MP @JoanaCotar spoke out in the Bundestag against the Digital Euro - whilst wearing a #Bitcoin shirt.
Video and English transcript below.
"Madam President, ladies and gentlemen. Nobody needs the digital euro. Not the banks, not the
companies and certainly not the citizens. Anyone who wants to pay electronically is already doing so
today. Those who want to preserve their privacy use cash. Anyone who has had enough of fiat money
and is concerned with sound money has bitcoin in their wallet.
Nobody needs the digital euro except the ECB and politicians who have something else in mind. Namely
the total surveillance of citizens. I know, a lot is promised: data protection, everything secure. Nobody
has any intention of spying on anyone.
This is all as credible as the great promises: When the euro was introduced, no bailouts, three percent
rule, ban monetary state financing. Today the ECB does nothing else. And the Maastricht Treaty is just
paper.
Today the ECB promises the highest data protection standards for the digital euro and tomorrow every
transaction will be monitored and citizens will be completely transparent. In China, people are very
effectively controlled with the digital central bank money, those who behave in accordance with the state have access to the money, those who don't are unfortunately out of luck.
It's called Social scoring and with the digital euro and it's also possible here without any problems, just
like state control. A flight booking - CO2 budget used up, donating to unapproved organizations is out of
the question. Eating unvaccinated like in a pandemic - the money is not released, a digital nightmare.
And that's why we don't need a binding vote on the how - we don't need the entire digital euro at all.
And that's exactly what the German government needs to fight for. Thank you very much."
H/T nostr:npub14j7wc366rf8efqvnnm8m68pazy04kkj8fgu6uqumh3eqlhfst0kqrngtpf
Yesterday evening german politician Joana Cotar MP @JoanaCotar spoke out in the Bundestag against the Digital Euro - whilst wearing a #Bitcoin shirt.
Video and English transcript below.
"Madam President, ladies and gentlemen. Nobody needs the digital euro. Not the banks, not the
companies and certainly not the citizens. Anyone who wants to pay electronically is already doing so
today. Those who want to preserve their privacy use cash. Anyone who has had enough of fiat money
and is concerned with sound money has bitcoin in their wallet.
Nobody needs the digital euro except the ECB and politicians who have something else in mind. Namely
the total surveillance of citizens. I know, a lot is promised: data protection, everything secure. Nobody
has any intention of spying on anyone.
This is all as credible as the great promises: When the euro was introduced, no bailouts, three percent
rule, ban monetary state financing. Today the ECB does nothing else. And the Maastricht Treaty is just
paper.
Today the ECB promises the highest data protection standards for the digital euro and tomorrow every
transaction will be monitored and citizens will be completely transparent. In China, people are very
effectively controlled with the digital central bank money, those who behave in accordance with the state have access to the money, those who don't are unfortunately out of luck.
It's called Social scoring and with the digital euro and it's also possible here without any problems, just
like state control. A flight booking - CO2 budget used up, donating to unapproved organizations is out of
the question. Eating unvaccinated like in a pandemic - the money is not released, a digital nightmare.
And that's why we don't need a binding vote on the how - we don't need the entire digital euro at all.
And that's exactly what the German government needs to fight for. Thank you very much."
H/T nostr:npub14j7wc366rf8efqvnnm8m68pazy04kkj8fgu6uqumh3eqlhfst0kqrngtpf
CEO of #Bitcoin miner Marathon Digital explains how his company is testing the capture of methane from landfill gas (LFG), and using it to reduce electricity costs.
Yet another capability made possible by Bitcoin's unique system architecture.
Fidelity has just released an investor report examining some of the most wide-spread concerns about #Bitcoin .
Which are myths and which have some validity?
