Happy Monday Bitcoiners it's Bam here from Bitcoin News.

Our goal is to help save you time by personally curating the most impactful Bitcoin events of the week into an easy-to-read update.

This week's most notable events are in our “Markets” section and include Nu Bank providing its +100 million customers access to the Lightning Network, and Metaplanet issuing bonds to purchase approximately $6 million worth of BTC.

Let’s dive in for more! ⚡

Looking for specialized help with your Bitcoin self custody? The team at 21st Capital have helped educate and onboard +1,000 families and institutional clients. Book a free consultation today!

LATEST NEWS 📰

🙌 ADOPTION

• Nu Bank, Latin America’s largest fintech bank, partners with Lightspark to bring Bitcoin’s Lightning Network to its +100 million customers.

• Strike begins operating in the UK and launches a no-fee DCA program for all its customers.

• Bitrefill introduces the Bitrefill Card, allowing users to pay with crypto anywhere in Europe that accepts credit cards, with a 2% fee.

⚖️ LEGAL

• Julian Assange is finally set free after five years in solitary confinement, receiving an 8-bitcoin donation, allegedly from Jack Dorsey, to cover his travel expenses back to Australia.

• Louisiana passes House Bill 488, protecting Bitcoin rights, self-custody, transactional freedom, and mining while banning CBDCs.

• US Congressman Matt Gaetz introduces a bill to allow federal income taxes to be paid with Bitcoin.

📈 MARKETS

• Metaplanet issues ¥1 billion (~$6 million) in 0.5% bonds to buy more Bitcoin and establishes a wholly-owned subsidiary in the British Virgin Islands to enhance its Bitcoin strategy.

• BlackRock's Global Allocation Fund discloses owning 43,000 shares of the iShares Bitcoin Trust, marking the third fund that BlackRock offers to provide Bitcoin exposure to its customers.

• T-Rex files for a 2X long and a 2X inverse MicroStrategy ETF.

⛏️ MINING

• Bit Digital announces it has secured an agreement to supply an existing customer with an additional 2,048 GPUs over a three-year term, totaling 4,096 GPUs and approximately $275 million in revenue ($92 million annually).

• Bitcoin miner capitulation has reached levels comparable to December 2022, with a 7.6% drawdown. December 2022 marked the cycle bottom following the FTX collapse.

• CleanSpark announces an agreement to acquire GRIID Infrastructure in an all stock deal, valued at $155 million, with expansion plans exceeding 400 MW in Tennessee.

🗳️ POLITICS

• Maya Parbhoe runs for president of Suriname on a platform to adopt a Bitcoin Standard for the country.

• Macron’s call for snap elections in France has opened the door for Aurore Galves-Orjol to run as a Bitcoin candidate for the 8th constituency.

• Bolivia legalizes Bitcoin trading and payments again in an effort to modernize its financial system.

BAMS 2 SATS 🧢

Today, I would like to discuss the power of Dollar Cost Averaging (DCA). When Bitcoin comes up in conversations with friends and family, we often hear arguments such as:

• “Wasn’t Bitcoin’s price higher back in November 2021?”

• “It hasn’t even sustained a price above its previous highs from three years ago!”

• “Even the gold price has outperformed Bitcoin in the last three years!”

All of these arguments can seem true if we look at them naively, suggesting that the only time to buy Bitcoin was at its highs in 2021. However, the truth is that we are not speculators. Bitcoin is the best savings technology our generation has ever had. Therefore, we should treat it as such and implement strategies like Dollar Cost Averaging (“DCA”) to average our cost of entry.

If we had saved in Bitcoin weekly since it reached $69,000 in November 2021, our savings would now show a return of over 100%.

Dollar cost averaging is important because our human emotions often make us feel like we are missing out (and thus pile in) when Bitcoin’s price is at its highest, and fearful when the price is crashing, which is actually the prime time to buy. Thankfully, there are tools that can help us manage these emotions and invest consistently.

Strike recently launched operations in Europe, offering a service that allows its users to buy Bitcoin hourly, daily, weekly, and even monthly. This week, they are introducing a No-fee DCA service for everyone. Now, every user will be able to deposit fiat, stack Bitcoin, and send on-chain with no fees.

I don’t know about you, but as someone residing in Europe, the cheapest I had found for DCA was a 1% fee plus a little extra for on-chain fees. Well, I, for one, am certainly going to save those few basis points.

Don’t forget to stay humble and stack sats!
Bam

What’s the Better Store of Value?

What is the better investment, Bitcoin or real estate?

Check out our latest video below with Luke Mikic as he describes his personal journey of ripping up his mortgage contract and putting it all into BTC!👇