Can Bitcoin Go To Zero?
Bitcoin’s journey from an obscure whitepaper to a trillion-dollar asset class has been remarkable, but questions about its long-term viability persist. These objections to Bitcoin’s staying power come mostly from those who feel they missed the boat. Bitcoin derangement syndrome is a potent and toxic state of mind and can get you to rationalise avoiding […]
Bitcoin Treasuries Aren’t An Infinite Money Glitch
A slowly growing trend has emerged among corporate treasuries: adding Bitcoin to their balance sheets. This strategy has garnered significant attention, with MicroStrategy leading the charge and other companies like Metaplanet, Kulr and Rumble following suit. MicroStrategy, Michael Saylor’s software company turned bitcoin-holding vehicle, is now worth $88 billion, making it one of America’s largest […]
German Authorities Crack Down On BTC ATMs
2024 is the year German authorities woke up and chose violence; it’s been a bit of a brat summer in Bavaria, starting off with the massive market dump of 60,000 Bitcoin in July, netting them a cool €2.3 billion and change. When chatter globally increases about the benefits of nations states setting up strategic Bitcoin […]
What Is A Bitcoin Strategic Reserve?
So, you’ve heard the term “Bitcoin strategic reserve” thrown around a lot lately. Maybe you’ve seen it in headlines, heard it in passing during a podcast, or perhaps you were confusedly scrolling through Twitter when suddenly, bam!—Trump’s speech at Bitcoin Nashville made you wonder if you missed an episode of a new tech drama. Fear […]
How Much Bitcoin Do Governments Hold?
Germany’s latest sale of 50,000 Bitcoin has revealed a number of large Bitcoin holders that very few of us pay attention to. Believe it or not, some governments around the world have quite a healthy Bitcoin balance sheet. As of recent estimates, governments collectively own approximately ₿ 517 414, which accounts for about 2.4% of the […]
Paraguay Seizing Bitcoin Mining Operations
The biggest incentive for Bitcoin miners to move to Paraguay comes from the Itaipu Dam, which is co-owned by Brazil and Paraguay. The hydroelectric dam is capable of generating 14 GW of power and has provided power to Paraguay, Brazil, and Argentina since May 5, 1984. Paraguay draws over 99% of its power from hydroelectricity. Itaipu, […]
Mt. Gox Repayment Program Set To Begin
2024 has been the year of liquidation. First, the German government decided to offload the 50,000 coins it seized from Movies 2k. During those 27 days, the market took a 25% dip, hitting a low of $ 54,000, while buyers tried to absorb this influx of coins. After the German government emptied its coffers, the […]
The German Government Dumps Its Bitcoin Holdings
The Bitcoin market has been sent into a tailspin following a dramatic 25% plunge in its value. When we see massive volatility in this space, everyone scrambles, looking for someone to blame. This time around, analysts are pointing fingers at the German government as the primary culprit, attributing the unprecedented price drop to the massive […]
Sweden Trying To Drive Out Bitcoin Miners
Sweden consistently ranks among the happiest countries in the world by the happy police but now seems none too pleased with how certain data centre businesses operate within its borders. To outsiders like myself, the country is known for high car safety scorings and assembled furniture brands, but it also holds a surprising title in […]
Denmark Looks To Ban Bitcoin Wallets
According to figures from Danmarks Nationalbank’s survey of Danish citizens’ payment habits, approximately 272 million cash payments were made by citizens in 2023, totalling approximately kr. 84 billion in trade. This represents 8% of the country’s settlement, down from 10% in 2021. Denmark is among the top twelve EU member states with the most cashless payment […]