Events from 2021 that are building the momentum for this #Bitcoin bull run
▪️ El Salvador make #Bitcoin legal tender
▪️ 56% of #Bitcoin mining reportedly renewable
▪️ @amazon looking into cryptocurrency payments
▪️ @Twitter want to introduce #Bitcoin for variety of features
▪️ China ban mining - miners relocate looking for renewable energy - further decentralising mining
▪️ @BustaRhymes buys #Bitcoin
▪️ @SpaceX own #Bitcoin
▪️ Multiple #Bitcoin companies become Unicorns
▪️ Lightning infrastructure/nodes expanding at fastest pace to date
▪️ BlackRock buys 12% stake in MicroStrategy
▪️ Following El Salvador the following countries look to adopt #Bitcoin
✅ El Salvador 🇸🇻
✅ Paraguay 🇵🇾
✅ Panama 🇵🇦
✅ Brazil 🇧🇷
✅ Argentina 🇦🇷
✅ Nicaragua 🇳🇮
✅ Mexico 🇲🇽
▪️ MicroStrategy and @michael_saylor DCAing like a boss
▪️ @tesla bought $1.5 bil
▪️ PayPal offer buy/sell #Bitcoin
▪️ Argo Blockchain purchased 2 data centers to mine with Hydro electricity
▪️ Norways minister of climate hodls #Bitcoin
▪️ Taproot activated
▪️ #Bitcoin Energy Usage not bad, here's some comparisons where the carbon emissions are the same...
▪️ 10 Lightning tx = 1 glass of orange juice
▪️ 14 Lightning tx = 6 eggs
▪️ 385,999 Lightning tx = 1 tweet from Elon
▪️ 129,704 Lightning tx = 1 Electric Vehicle made
▪️ BlackRock: "#Bitcoin is durable and will be part of investment arena for years"
▪️ MoneyGram allow buy/sell of #Bitcoin at physical locations
▪️46 million Americans own #Bitcoin
▪️Coinbase IPO'd topping $100 bil
▪️Hashrate hit all time highs
▪️ UBS offering #Bitcoin to clients
▪️ BlackRock fund bought futures
▪️ Morgan Stanley offers wealthy clients #Bitcoin
▪️ Goldman Sachs restarted #Bitcoin desk
▪️ Visa introducing #Bitcoin option
▪️ ING working on custody product
▪️ First airgapped fully automated hot wallet debut - "Hoffline" by @CoinCorner
▪️ Deutsche bank: "#Bitcoin to big to ignore"
▪️ PayPal acquired Curv $200+ mil
▪️ Bridgewater CFO left for Bitcoin firm
▪️ #Bitcoin exchanges had best quarter to date Q1 2021
▪️ SEC Chairman: " #Bitcoin is digital scarce store of value"
▪️ Citibank considering offering #Bitcoin to clients
▪️ State Street, 2nd oldest bank in US launched #Bitcoin thematic indicator
▪️ NYDIG helping hundreds of US banks offer #Bitcoin
▪️ Mayor of Miami "one of us"
▪️ S&P launched #Bitcoin Index
▪️ Sotheby accepting #Bitcoin payments
▪️ FED Chairman: "Possible benefit of digital currency is greater inclusion"
▪️ @ln_strike number 1 app in El Salvador
▪️ Samsung phones support cold storage
▪️ eBay exploring #Bitcoin payments
▪️ MercadoLibre largest eCommerce in Latin America accepting #Bitcoin
▪️ Island of Bequia 1st fully enabled #Bitcoin community in the world
▪️ @stoolpresidente finally a Bitcoiner
▪️ @culkin22 1st NFL player to be paid full salary in #Bitcoin
▪️ @tombrady: "we just buy the dip"
▪️ Bill Miller: " The #Bitcoin correction is in line with moves we have seen many times before. This one is pretty routine"
▪️ Wells Fargo letting wealthy clients buy #Bitcoin
▪️ Sony filing patents for #Bitcoin esports betting
▪️ Nexon buy $100 mil #Bitcoin 1st public co in Japan to do so
▪️ Canadian ETFs launched
▪️ Multiple global exchanges integrate Lightning
▪️ Ray Dalio: "#Bitcoin has proven its place in portfolios"
▪️ 10+ US #Bitcoin ETFs filed
▪️ "Forever Laura"
▪️ Ray Dalio buys #Bitcoin
"We are not here to defend #Bitcoin's energy usage, as it uses this energy to secure the network and will continue to do so as long as Bitcoin is useful."
3/6
"The purpose of this article is to help bring real world comparisons to light to help the general public understand #Bitcoin's energy consumption while comparing it to everyday activities they never question."
▪️Argo Blockchain purchased 2 data centers to mine with almost all Hydro electricity
▪️Taproot activation begun
▪️Norways minister of climate hodls #Bitcoin
▪️BlackRock: "#Bitcoin is durable and will be part of investment arena for years"
2/12
▪️MoneyGram allowing buy/sell of #Bitcoin at physical locations
▪️46 million Americans own #Bitcoin
▪️Coinbase IPO'd topping $100 bil
▪️Hashrate hit all time highs
▪️UBS offering #Bitcoin to clients
2/ For the purpose of simplicity and to keep it on the experience we went through, I’m going to avoid “DeFi, smart contracts, etc etc” and stick to Bitcoin simply being withdrawn from an exchange.
3/ In 2015 we were working with the Isle of Man FSA on regulation that would make crypto businesses fall under firstly “The Proceeds of Crime Act”, then secondly “The Designated Business Act”. During this process it highlighted to them that we may not know...
Yesterday Ray one of the world's most respected investors made some negative, but unfortunately uneducated comments about Bitcoin. He did however say he may be wrong and he’s open to being educated, which is what we need to do, educate on Bitcoin
1. For 10 years arguments against Bitcoin have been the same, yet Bitcoin has continued to grow its user base, infrastructure and value, despite the naysayers.
I feel we’re almost at the point where the requirement for proof is on the skeptics as to why Bitcoin won't work...
2. ..rather than throw empty uneducated arguments out.
Ray: “I might be missing something about Bitcoin so I’d love to be corrected. My problems with Bitcoin being an effective currency are simple...”
Before I get to addressing Ray’s concerns, we should highlight...