El Salvador Reveals Bitcoin Holdings
On September 7, 2021, El Salvador made history and surprised the world by becoming the first country to introduce Bitcoin as legal tender after swiftly approving the law only three months prior. The announcement generated quite a stir, and many Bitcoiners have spent much time visiting the “Bitcoin country”, with some relocating and others setting up […]
An Inflation Outlook Going Into 2024
As we approach the first Quarter of 2024, inflation remains a top concern for consumers and businesses alike, while central banks pay lip service to ordinary people’s experiences on the ground. Despite a record-speed hiking cycle, inflation remains sticky. It sits above previous “expected rates” of debasement central banks had set as a tolerable spanking […]
What Is A Deflationary Spiral?
I am sure many of you have sat around the table, and in passing conversations, someone will mention how expensive a particular item has become. The discussion will devolve into how expensive various purchases are, along with access to services and basically how all economic activity requires more currency. The price of everything keeps going […]
What Is Bitcoin Legal Tender?
Bitcoin has grown significantly over the last ten years. It’s unbelievable to think that in 2010, a single Bitcoin was just a few cents and by 2017, the price had reached over $20,000. While in 2021, it reached an all-time high of over $68,000, and today, it sits at around $30 000 per coin. This […]
Why Bitcoin Becoming Boring Is A Feature, Not A Bug
Bitcoin markets still have many puzzles for us to solve, and anyone who tells you that they have it all figured out is either lying or naive and will be humbled by the market sooner or later. With each passing year, we’re beginning to learn more about this parallel monetary system and its effects on […]
What Are Bitcoin Volcano Bonds?
El Salvador made history in September 2021 when it became the first country to include bitcoin as a legal currency alongside the U.S. dollar. Since the announcement, we’ve seen bitcoin businesses set up a presence in the Central American nation, along with bitcoin flooding into their borders through the global remittance market and bitcoin tourism. […]
Why The Bitcoin Price Differs Across Exchanges?
The price of bitcoin tends to take up most of the discussion and attention, especially with those new to the asset, and some even become obsessed with it. Riding the highs and lows that are bitcoin volatility can be an emotional rollercoaster, and becoming a constant price checker won’t help your situation. If you have […]
What Is The Bitcoin Float?
When Satoshi Nakamoto, the anonymous creator or creators behind bitcoin, designed the world’s first digital bearer asset, they wanted no ambiguity surrounding the supply or the insurance. The bitcoin network’s maximum supply was meant to mimic the finite quantity of physical commodities, which would see demand hit an ever-decreasing supply. The maximum number of bitcoin […]
Why Does Money Creation Require A Cost?
To verify transactions, bitcoin mining computers are required to solve ever more complex math problems and the first one to provide the correct hash gets to secure a new block to the network. This is the proof of work consensus mechanism that underpins the network. When Satoshi mined the first few blocks, miners were relatively […]
What Is Bitcoin Price Manipulation?
Once you step into the bitcoin market, you’ll have to deal with volatility; everyday buyers and sellers meet on markets worldwide, buying and selling the asset. Every day, supply and demand meet one another, and they settle on a current trading price because there are so many different actors involved, all with different motivations, and […]