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Bitcoin Magazine Profile picture
@BitcoinMagazine
Jul 9 • 1 tweets • 1 min read • Read on X
JUST IN: 🇩🇪 German Government is now left with 22,800 #Bitcoin, less than half its original holdings.

They are running out of BTC to sell 🙌 Image

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More from @BitcoinMagazine

Bitcoin Magazine Profile picture
Aug 14, 2021
Our columnist and expert data analyst @FriarHass has compiled another #Bitcoin energy use FUD buster.

Run the numbers: Bitcoin’s carbon emissions would be just a rounding error compared to the construction, transportation or healthcare industries.
“The main takeaway should be that #Bitcoin is a rounding error in the global scheme of things, and from a carbon-intensity point of view, has significantly less emissions per kilowatt than finance, construction, healthcare, industry or the military.”

bitcoinmagazine.com/business/bitco…
“I offer a new global mining profile and carbon intensity figure of 280 grams of CO2 per kWh… The dramatic drop is a result of moving a large proportion of the network from coal to gas, cutting the carbon intensity of #Bitcoin by a third.”
Read 5 tweets
Bitcoin Magazine Profile picture
Aug 10, 2021
In her latest report, mining insider ​​@willms_ investigated #Bitcoin’s major shakeups happening at @BITMAINtech ahead of #Bitcoin’s most highly-anticipated IPO.

A public listing can tell us a lot about the institutionalization of the Bitcoin. 👀👇bitcoinmagazine.com/business/bitma…
@willms_ @BITMAINtech Bitmain sees a public listing as a major opportunity.

“[#Bitcoin] miners are looking at public markets as a way to get access to robust capital markets to fuel their growth... Public vehicles are the best way to grow a mega mining company.” - @ethan_vera, COO at @LuxorTechTeam
@willms_ @BITMAINtech @ethan_vera @LuxorTechTeam But to try and capitalize, Bitmain has had to make some major changes in its institutional structure.

“The reality of being a publicly traded company servicing a multi-billion dollar annual market starkly contrasts the conditions facing a 2013 Chinese startup.”
Read 6 tweets
Bitcoin Magazine Profile picture
Aug 2, 2021
In his latest column, @AnselLindner breaks down the latest #Bitcoin price rally, offering insight on how macro factors set the stage.

“The bitcoin price rallied last week, but the move did not come out of the blue… The charts had been signaling a move was coming.”
@AnselLindner The article takes a close look at the largest trends impacting the #Bitcoin market and offers analysis of what investors should be taking away from:

-Chinese mining ban
-Grayscale Bitcoin Trust release schedule
-Taproot
-The rest of 2021 ahead

bitcoinmagazine.com/markets/behind…
@AnselLindner “I attribute this mid-cycle correction to three dominant and simultaneous narratives… These events affected sentiment in all segments of the #Bitcoin market — miners and retail, developers and high-net-worth individuals.”
Read 7 tweets
Bitcoin Magazine Profile picture
Jul 21, 2021
"Eventually, fiat will come into bitcoin in such astronomical quantities, that fiat will cease to exist."

@FriarHass explains how Bitcoin's auto DCA army will inevitably hold all BTC through attrition, driving the price toward $1 million and beyond.

bitcoinmagazine.com/markets/dca-ar…
@FriarHass "You can rationalize that today’s 'stable' price of $30,000 as a mere 2.7 million people migrating $10 worth per day, or 0.085% of the global workforce.

"After the next halving in 2024, this will double to $1,555,555.55."
@FriarHass "I’ll give a hypothetical scenario of what might possibly happen if Bitcoin were to suddenly be hit with $700 million per day, relentlessly, over a one year period.

"The first two weeks is the stealth phase of the operation — $1.4 billion to play with."
Read 7 tweets
Bitcoin Magazine Profile picture
Jun 17, 2021
@elonmusk @jespow "The Cambridge Centre For Alternative Finance estimates that 76% of all miners use renewable energies as part of their mix. CoinShares estimates that total share of renewables may even be as high as 73%."

bitcoinmagazine.com/business/what-…
@elonmusk @jespow
@elonmusk @jespow
Read 5 tweets
Bitcoin Magazine Profile picture
May 28, 2021
Breaking down Elon Musk’s misunderstandings about #Bitcoin

[THREAD]
76% of all miners use renewable energies as part of their mix, with between 29% and 39% of all energy used coming from renewables, based on industry data from the world’s largest miners and mining pools. CoinShares estimates that total share of renewables may be as high as 73%.
The only way to even come close to eliminating all international flaring by 2025 is with a lot more Bitcoin mining.
Read 5 tweets

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