LATEST NEWS 📰

🙌 ADOPTION

• Bitcoin whales continue to scoop up coins at a rapid pace.

• Taunton Firefighters becomes the fourth union in the US to add Bitcoin to its balance sheet.

• Deutsche Telekom / T-mobile is running a Bitcoin node and will begin mining Bitcoin soon.

⚖️ LEGAL

• Oklahoma Governor signs into law a bill designed to encourage Bitcoin miners to help balance the grid.

• Swan sponsors Tucker Carlson’s Live Tour, helping educate the world on how Bitcoin helps fix the world’s most pressing problems.

• Brazil’s largest bank Itau enables its 60+ million customers to to buy Bitcoin and other cryptocurrencies.

📈 MARKETS

• MicroStrategy announced its intent to offer up to $700 million in convertible senior notes in a private offering to purchase Bitcoin.

• DeFi Technologies, a Canadian public company, has bought 110 BTC for its balance sheet as it adopts Bitcoin as its primary treasury reserve asset.

• Metaplanet has purchased an additional ~23.35 bitcoin for ¥250 million. The company now holds ~141 bitcoin acquired for ¥1.45 billion in its balance sheet.

⛏️ MINING

• Bitfarms adopts poison pill strategy as Riot increases stake to 14%.

• Bitaxe Supra, a home Bitcoin miner, is now available for sale on Amazon.

• Marathon Digital’s new study shows bitcoin mining with landfill methane is economically viable and beneficial to the environment.

🗳️ POLITICS

• Donald Trump says “Bitcoin mining may be our last line of defense … we want all the remaining Bitcoin to be MADE IN THE USA”.

• ERCOT recommends that bitcoin mining in Texas should be directly integrated as a Controllable Load Resource (CLR) to increase reliable grid balancing.

• Paraguay will keep selling energy to Bitcoin miners, shares Minister of Industry Javier Gimẽnez.

BAMS 2 SATS 🧢

Even though Bitcoin’s price hasn’t broken out of the recent sideways price chop, rumors are brewing that central banks around the world may soon begin acquiring Bitcoin.

It seems that small countries like Bhutan, Burkina Faso, French Guiana, Tuvalu, Kiribati, and Comoros are following El Salvador’s steps by adding Bitcoin to their reserves.

Although this is not concrete evidence, its worth noting that neither Mike Alfred nor Dylan LeClair have not denied the claims. Deep down, we always knew it was just a matter of time and that smaller governments would likely kick off the process before the larger ones followed.

Rumors continue brewing on the US front, as Donald Trump keeps making promises to favor the 50 million cryptocurrency holders in the country.

We’ve seen some rather harsh treatment from the current US political administration including:

• Bitcoin miners being continually harassed;

• Refusal to clarify security laws while haphazardly enforcing them;

• Forcing numerous high-quality Bitcoin projects to move abroad (WoS, Phoenix Wallet etc.); and

• Banks refusing to engage with those who own or express interest in acquiring Bitcoin.

However we remain hopeful that things may be changing, especially in light of the recent shift in attitudes surrounding topics such as Freeing Ross Ulbricht or the pro-crypto comments stemming from both the Democrats and Republicans.

As an outsider, I understand why certain groups of people may fear a second Trump term as president. However, after suffering numerous attacks, the US based Bitcoin ecosystem may in fact welcome this change of narrative.

Regardless of their agenda, it may be worth listening to what the politicians have to say. Although their interest are always self serving, if the conclusion of the outcome is that it benefits Bitcoin, I’m all for it.

Remember to stay humble and stack sats!
Bam

HOW DOES BITCOIN HIT $1M? 💵 

Does the world need to break in order for Bitcoin to hit $1,000,000?

Check out our latest video below in with Luke Mikic to find out!👇