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Bitcoin News Profile picture
@BitcoinNewsCom
Jul 31 • 1 tweets • 1 min read • Read on X
NEW: Fold’s Bitcoin Gift Card goes live today and is now available at over 400,000 retail and rewards locations across the U.S.

Bitcoin is coming to a store near you. Image

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More from @BitcoinNewsCom

Bitcoin News Profile picture
Mar 4
1/ THE HARSH REALITY OF THE 🇸🇻 EL SALVADOR IMF DEAL

El Salvador’s $1.4B IMF deal reveals a nation in deep debt and in dire straights economically.

Public debt hit 87% of GDP in 2024.

The country sought IMF aid to avoid default.

What does this mean for Bitcoin Country? 🧵
2/ Bukele’s security transformation and Bitcoin adoption fueled the belief of an economic boom in El Salvador.

The reality: GDP growth averaged just 2.8% over five years, with 2025 projected lower.

Extreme poverty has nearly doubled since 2019 to 8.8% in 2023.
3/ El Salvador’s debt surged 52% from 2019 to 2024, nearly matching the U.S.’s 57% rise.

It's debt jumped from $21B to $32B, with bond buybacks (like $1.7B in April 2024) refinanced at higher rates rather than repaid, masking the crisis.
Read 9 tweets
Bitcoin News Profile picture
Jun 7, 2024
1) You’ve likely heard of the Power Law and its application for predicting the future price of #Bitcoin.

As George Box said, “All models are wrong, but some are useful.”

@21st_capital dives into the math to determine if it’s signal or just more noise (a 🧵). Image
2) As a reminder, the Power Law states that a relative change in one quantity creates a proportional change in the other (regardless of the initial size).

Within the Bitcoin ecosystem, we take a look at two unique Power Laws:
- Power Law in Time
- Power Law in Bitcoin Addresses
3) The Power Law in Time is the relationship between Bitcoin’s price and time.

Using a simple logarithmic regression analysis, the curve implies the following AVERAGE prices Bitcoin over the next cycles:

$100,000 in 2025
$500,000 in 2030
$1,000,000 in 2033 Image
Read 9 tweets
Bitcoin News Profile picture
Jun 1, 2024
1) Ever heard of the "Power Law" but couldn’t grasp its connection to #Bitcoin ? 🤯 We’re here to explain!

This week's research with @21st_capital reveals how the Power Law shapes the world around us and helps explain Bitcoin’s explosive potential!

Time for a 🧵 Image
2) Power laws describe relationships between two variables with the form Y = aX^n.

They’re more than just math—they’re everywhere in nature and human-made systems including physics, neuroscience and even linguistics! Image
3) Some examples of Power Laws all around us include:

- The sizes of craters on the moon and solar flares (see image below)

- The frequencies of words in most languages and family names

- Human judgments of stimulus intensity Image
Read 9 tweets
Bitcoin News Profile picture
Jun 26, 2023
1/ Ever been asked to explain how #bitcoin mining works and not been sure how to give a simple answer?

Here's a thread🧵to break it down for ya 👇
1️⃣ What is #bitcoin mining?

Bitcoin mining is the process of validating and adding new transactions to the blockchain, the public ledger that records all #Bitcoin transactions.
2⃣ Who gets the right to validate a block?

Miners compete in a lottery every ten minutes by using their computational power to repeatedly guess different inputs until they find a hash that meets certain criteria.
Read 7 tweets

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