That's true.


:lummis: Senator Cynthia Lummis has introduced the #Bitcoin Act of 2024, which is now in the initial stage of the legislative process.
For the proposal to become law, it must first pass through the Senate and the House of Representatives before reaching the President for approval. :trump:

The Bitcoin Act of 2024 proposes a US Strategic Bitcoin Reserve to strengthen the dollar and maintain crypto leadership.
The proposal includes acquiring 1 million bitcoin over five years and using :usfed: Federal Reserve remittances to fund the program.


Well said!

https://junkflex.com/bitcoin/miner2010.jpg

In this case, we can trace the transaction back to a series of miner addresses from the first epoch, during which the block subsidy was set at 50 BTC per block. Tracing in the opposite direction reveals that these rewards were consolidated and combined with mining rewards from later epochs, namely mining operations from the GPU era and then ever later ASIC era with smaller mining pool rewards. The consolidated amounts were predominantly sold, while some portions were distributed to various smaller wallets.

Start here: https://mempool.space/tx/983311045cf0bbf09b9469ed9699585194285494d048a96058e9dd444b33b7ae?mode=details#flow=&vout=0


Well said!

https://junkflex.com/bitcoin/miner2010.jpg

In this case, we can trace the transaction back to a series of miner addresses from the first epoch, during which the block subsidy was set at 50 BTC per block. Tracing in the opposite direction reveals that these rewards were consolidated and combined with mining rewards from later epochs. The consolidated amounts were predominantly sold, while some portions were distributed to various smaller wallets.

Start here: https://mempool.space/tx/983311045cf0bbf09b9469ed9699585194285494d048a96058e9dd444b33b7ae?mode=details#flow=&vout=0


Well said!

https://junkflex.com/bitcoin/miner2010.jpg

In this case, we can trace the transaction back to a series of miner addresses from the first epoch, during which the block subsidy was set at 50 BTC per block. Tracing in the opposite direction reveals that these rewards were consolidated and combined with mining rewards from later epochs. The consolidated amounts were predominantly sold, while some portions were distributed to various smaller wallets.

https://mempool.space/tx/983311045cf0bbf09b9469ed9699585194285494d048a96058e9dd444b33b7ae?mode=details#flow=&vout=0


Well said!


There is a reason institutions of that size, particularly those rooted in traditional finance, do not adopt self-custody. At this stage, it’s the same reason Michael Saylor does not self-custody MicroStrategy’s Bitcoin. Simply put, institutions like these are not structured in a way where self-custody would be ‘simple,’ as you described. However, with recent advancements in fair accounting standards and legislative clarity on the horizon, this dynamic is likely to change in the near future.


Satoshi era #Bitcoin wallet just moved 2000 BTC for the first time since 2010.
https://junkflex.com/bitcoin/wakeup.jpg


🇧🇹 Bhutan transfers 367 of its 12,206 #Bitcoin to :binance: Binance.
"hmmm..."


:gensler: Gary Gensler releases statement suggesting he may be leaving the :ussec: SEC.

https://junkflex.com/bitcoin/byegensler.jpg
"A little birdy told him to go bye-bye, perhaps?"


Goldman Sachs, once critical of #Bitcoin, now holds U.S. $718M in Bitcoin ETFs, with $461M in BlackRock's IBIT.


#Bitcoin miners have sent over 45K BTC to exchanges.


President-elect :trump: Donald Trump nominated #Bitcoin advocate :rfk: Robert F. Kennedy Jr. for U.S. Secretary of Health and Human Services on Thursday. During his 2024 campaign, :rfk: RFK Jr. proposed establishing a #Bitcoin strategic reserve to stabilize the U.S. dollar and exempt #Bitcoin profits from capital gains tax.


Spot bitcoin ETFs see $400 million in outflows, ending six-day inflow streak. :theblock:


:saylor: Michael Saylor :saylor: Plans for $100K #Bitcoin Party!


"The economy is not sending any signals  that we need to be in a hurry to lower rates."

— Jerome Powell (U.S. Federal Reserve).


"The economy is not sending any signals  that we need to be in a hurry to lower rates."

— Jerome Powell (Federal Reserve).


Devs:

Linux Foundation stated that they will preserve historic #bitcoin dev mailing list archives with permanent read-only access.


🇺🇸 18 US states 🇺🇸 are suing the SEC for unconstitutional overreach and unfair persecution of the crypto industry under Gary Gensler

— Eleanor Terrett (Fox Business)


🇺🇸Hashkey Group CEO 🇺🇸 Xiao Feng says the pro-crypto U.S. government that Trump is building could influence China to ease restrictions on #Bitcoin and digital assets.


Pennsylvania proposes investing up to 10% of state funds in #Bitcoin to diversify assets and combat inflation. If passed, PA would be the first state to directly hold Bitcoin.


#Bitcoin's market cap has surpassed Saudi Aramco, making it the 7th most valuable global asset!


"The US establishing a #Bitcoin Strategic Reserve, as proposed by Senanot Lummis, would rank among the most pivotal events in our economic history."

— Jack Mallers, CEO Strike


#Bitcoin Miners Face Efficiency Challenges as BTC Hits Record Highs

As Bitcoin’s price surges to all-time highs, mining companies are focusing on efficiency to stay competitive. Despite the boost in Bitcoin’s value, hash prices remain low, putting pressure on miners' revenue. Companies like Luxor Technology and Bitdeer are investing in more efficient rigs and proprietary technology to increase profitability. Riot Platforms and Core Scientific are also expanding operations, while advocating for favorable regulatory conditions in the U.S. under the incoming administration, signaling a strategic push for growth in the Bitcoin mining sector.


"I think it would be very smart for the United States to take the Bitcoin it has, maybe add some to it, and say we want to show the world that we're going to be a technology-first country — a crypto, a digital asset-first country. I don't necessarily think the dollar needs anything. to back it up."

— Mike Novogratz, CEO galaxy digital.


BitVMX’s Open-Source CPU project aims to brings scalable logic gate emulation to #Bitcoin.

This will enabled smart contract-like functionality on Bitcoin without altering consensus rules. This foundational approach allows BitVMX to perform complex computations off-chain by utilizing a challenge-response protocol built around a graph of pre-signed transactions.

"While a selection of devs and builders oportunistically grasp for base chain conscensus changes, others are busy at the forefront of genuine innovation!"


Thousands of Bitcoin-Dev links broken as Linux Foundation ends archive hosting.

This is a cause for concern among #Bitcoin developers and historians. These links, long considered canonical references, now direct to non-existent pages, posing a challenge for preserving Bitcoin’s development history.

To address this, contributors launched a redirect service at "gnusha.org/url" allowing users to convert old URLs to the new archive location so they can correct their outgoing links.


Artificial intelligence firm Genius Group Limited surged 66% in a day after following the MicroStrategy playbook and committing to #Bitcoin as its primary treasury asset.


🇧🇹 Bhutan now owns U.S. $1 Billion in #Bitcoin 🇧🇹


New #Bitcoin Improvement Proposal Introduces Upgraded "Proof of Payment" Feature to Enhance Wallet Functionality.

Designed for specific uses like Nostr zaps, it enhances payment flexibility without affecting existing wallets.

Matt Corallo proposes something similar to the withdrawn proposals, BIP120/BIP121, but expanding on those ideas with compatibility updates to align with modern wallet and transaction needs.


New #Bitcoin Improvement Proposal Introduces Upgraded "Proof of Payment" Feature to Enhance Wallet Functionality

Designed for specific uses like Nostr zaps, it enhances payment flexibility without affecting existing wallets.

Matt Corallo proposes something similar to the withdrawn proposals, BIP120/BIP121, but expanding on those ideas with compatibility updates to align with modern wallet and transaction needs.


#Bitcoin BIP Update Introduces Upgraded "Proof of Payment" Feature to Enhance Wallet Functionality

Designed for specific uses like Nostr zaps, it enhances payment flexibility without affecting existing wallets.

Matt Corallo proposes something similar to the withdrawn proposals, BIP120/BIP121, but expanding on those ideas with compatibility updates to align with modern wallet and transaction needs.


Bitcoin BIP Update Introduces Upgraded "Proof of Payment" Feature to Enhance Wallet Functionality

Designed for specific uses like Nostr zaps, it enhances payment flexibility without affecting existing wallets.

Matt Corallo proposes something similar to the withdrawn proposals, BIP120/BIP121, but expanding on those ideas with compatibility updates to align with modern wallet and transaction needs.


True.


🇩🇪 Germany Misses $1.6 Billion Payday 🇩🇪

"Earlier #Bitcoin sell off cost them big during the recent surge!"

https://junkflex.com/bitcoin/germanloss.jpg


Vitalik Buterin spoke at Devcon 2024, unveiling Ethereum's narrative and roadmap, and stated that Ethereum is the world computer.

"Sadly though... there is already a larger and more diverse world computer... it's called the internet!"

"Even more sadly though... there is also many fully controllable oligarch coins without a supply cap.... they are called fiat currency!"


Vitalik Buterin spoke at Devcon 2024, unveiling Ethereum's narrative and roadmap, and stated that Ethereum is the world computer.

"Sadly though... there is already a larger and more diverse world computer... it's called the internet!"


Analysis:

#Bitcoin Market Cap
- U.S. $1.60 trillion.

➖➖➖➖➖➖➖

🇰🇷 South Korea GDP 2024
- U.S. $1.76 trillion.

🇦🇺 Australia GDP 2024
- U.S. $1.77 trillion.

🇪🇸 Spain GDP 2024
- U.S. $1.58 trillion.

🔴 Google Market Cap
- U.S. $2.19 trillion.

🟠 Amazon Market Cap
- U.S. $2.21 trillion.


Here’s a glimpse into MicroStrategy's portfolio tracker. As you can see, their #Bitcoin investments have yielded over a 100% return, generating a profit exceeding U.S. $10 billion. This showcases their strong commitment to #Bitcoin and their success in the cryptocurrency market.

https://junkflex.com/bitcoin/tracker1.png


"Fasten your seat belts!"
https://junkflex.com/bitcoin/repeat1.jpg


🇨🇳 Huangzhou-based crypto mining chip maker Nano Labs saw its share price rise slightly after announcing it will start accepting Bitcoin as payment. 🇨🇳


"Fasten you seat belts!"
https://junkflex.com/bitcoin/repeat1.jpg


#Bitcoin just had its biggest single day in history.

https://junkflex.com/bitcoin/bigday1.jpg


#Bitcoin has passed silver in market cap.


BlackRock’s #Bitcoin ETF reached U.S. $1 billion trading volume in just 35 minutes.

https://junkflex.com/bitcoin/blackrock35.jpg


🌏 AllianceBernstein (AB) 🌏 is a global asset management firm that provides investment management and research services to institutional, high-net-worth, and retail investors worldwide worth U.S. $725 billion.

Bernstein now urges investors to add exposure to #Bitcoin and crypto “as soon as possible.”


Tether has launched Bitcoin Wallet Library (WDK) wallet development kit.

https://wallet.tether.io/


#Bitcoin makes the front page of Bloomberg as it continues is parabolic price discovery!

https://junkflex.com/bitcoin/bloom1.jpg


#Bitcoin makes the front page of Bloomberg!

https://junkflex.com/bitcoin/bloom1.jpg


🇦🇺 Australia continues to buy #Bitcoin every day (between ₿150 and ₿200) with its Monochrome ETF 🇦🇺


🇦🇺 Australian #Bitcoin ETF continues to buy BTC every day (between ₿150 and ₿200) 🇦🇺


🇦🇺 Australian #Bitcoin ETF continues to buy BTC every day (between ₿150 and ₿200) in the same fashion as BlackRock 🇦🇺


🇦🇺 Australian #Bitcoin ETF continues to buy BTC every day in the same fashion as BlackRock 🇦🇺


MicroStrategy has bought another U.S $2 billion in #Bitcoin boosting holdings to U.S. $23 billion with a total of ₿279,420.

"Looks like the 21/21 strategy is under way!"


I am against the return of OP_CAT as De-fi, in my opinion, should not be executed on the base layer to avoid malicious scripting and blockchain bloat. L2 and sidechains are more than enough to safely scale the functionality of the #bitcoin network.


Respond:

OP_CAT was a #Bitcoin script operation for concatenating data strings, adding flexibility for more complex smart contracts.

It was removed by Satoshi in 2010 due to vulnerabilities, including risks of DDoS attacks and misuse for inefficient or malicious scripts.

A new Bitcoin Improvement Proposal (BIP) suggests reintroducing OP_CAT to the Bitcoin code with a soft fork.

Will it offer essential functionality for Bitcoin scaling and adoption, or is it just a sloppy foolish shortcut for developers seeking overnight results? Should it be approved?

https://github.com/bitcoin/bips/blob/master/bip-0347.mediawiki


Respond:

OP_CAT was a #Bitcoin script operation for concatenating data strings, adding flexibility for more complex smart contracts.
It was removed by Satoshi in 2010 due to vulnerabilities, including risks of DDoS attacks and misuse for inefficient or malicious scripts.

A new Bitcoin Improvement Proposal (BIP) suggests reintroducing OP_CAT to the Bitcoin code with a soft fork.
Will it offer essential functionality for Bitcoin scaling and adoption, or is it just a sloppy foolish shortcut for developers seeking overnight results? Should it be approved?

https://github.com/bitcoin/bips/blob/master/bip-0347.mediawiki


MicroStrategy has bought another U.S $2 billion in #Bitcoin boosting holdings to U.S.$23 billion with a total of ₿279,420.

"Looks like the 21/21 strategy is under way!"


Where do you stand?

OP_CAT was a #Bitcoin script operation for concatenating data strings, adding flexibility for more complex smart contracts.
It was removed by Satoshi in 2010 due to vulnerabilities, including risks of DDoS attacks and misuse for inefficient or malicious scripts.

A new Bitcoin Improvement Proposal (BIP) suggests reintroducing OP_CAT to the Bitcoin code with a soft fork.
Will it offer essential functionality for Bitcoin scaling and adoption, or is it just a sloppy foolish shortcut for developers seeking overnight results? Should it be approved?

https://github.com/bitcoin/bips/blob/master/bip-0347.mediawiki


View BIP-347 here: https://github.com/bitcoin/bips/blob/master/bip-0347.mediawiki


#Bitcoin is about to close the biggest weekly candle ever and nearly all news at the moment is about speculative targets which do not get reported on this feed.

"We could call this the first of Samson Mows, 'Omega Candles'."


Thanks for your consideration. At this stage I have decided to include sources in the following three situations.

1. Where the news is not widespread.
2. Where the news relates to a study.
3. Where sources are highly conflicting.

However I am considering a small linkless sources list at the bottom of each post.


Roman Sterlingov sentenced to 12.5 years in prison for running the mixer ' #Bitcoin Fog'.

This service laundered over 1.2 million bitcoins (approximately U.S. $400 million) tied to illegal activities on the darknet.
https://junkflex.com/bitcoin/jailbird1.jpg


Roman Sterlingov sentenced to 12.5 years in prison for running the mixer '#Bitcoin Fog'.

This service laundered over 1.2 million bitcoins (approximately U.S. $400 million) tied to illegal activities on the darknet.
https://junkflex.com/bitcoin/jailbird1.jpg


https://junkflex.com/bitcoin/china.mov
🇨🇳 #Bitcoin on (CCTV) China Central Television. 🇨🇳


🇺🇸 The American Securities Association (ASA) has called for Gary Gensler's resignation, stating:

"Last night, the people voted for this country to take a new direction. Chairman #Gensler should respect that decision by stepping down from his position immediately."


🇺🇸 Bitcoin ETFs bought $1.4 BILLION worth of BTC two days ago, the highest ever since launch. 🇺🇸


BlackRock’s #Bitcoin ETF ($IBIT) just hit $33B in assets, surpassing its gold ETF in under a year.


Analysis:

Google Trends serves as a valuable tool for gauging retail interest in #Bitcoin. Over the past 12 months, there has been a noticeable uptick, particularly since Trump’s recent election.

The chart below shows that interest peaked around the Bitcoin halving event and again during the 2024 Bitcoin conference. Additionally, there was a significant surge in activity at the start of the year, coinciding with the SEC’s approval of #Bitcoin ETFs.

https://junkflex.com/bitcoin/trends1.jpg


#Bitcoin ETFs vs. Gold ETFs.
https://junkflex.com/bitcoin/btcgold1.jpg

"However, It is important to also consider the population size as well as the percentage per capita of people who had access to financial services at the time."


According to Forbes, A leak has revealed that BlackRock is quietly doubling down on #bitcoin amidst the current Trump price rally.


⚠ The #bitcoin-dev mailing list has shifted to Google's centralized servers from the Linux foundation archives! ⚠

"I would not say this is the coolest news that has come out this week."
https://junkflex.com/bitcoin/devlist.jpg

Nevertheless if you would like to subscribe you can follow this link: https://groups.google.com/g/bitcoindev


⚠ The #bitcoin-dev mailing list has shifted to Google's centralized servers from the Linux foundation archives! ⚠

"I would not say this is the coolest news I have read this week."
https://junkflex.com/bitcoin/devlist.jpg

Nevertheless if you would like to subscribe you can follow this link: https://groups.google.com/g/bitcoindev


⚠ The #bitcoin-dev mailing list has shifted to Google's centralized servers from the Linux foundation archives! ⚠

"I would not say this is the coolest news I have read this week."
https://junkflex.com/bitcoin/devlist.jpg


🇺🇸 Republican Vice-President elect JD Vance 🇺🇸 owns between $250,000-500,000 worth of #Bitcoin, according to new federal financial disclosures.


⚠ The #bitcoin-dev mailing list has shifted to Google's centralized servers from the Linux foundation archives! ⚠

"Not cool at all!"
https://junkflex.com/bitcoin/devlist.jpg


Spot #Bitcoin ETFs see record U.S. $1.38 billion inflows as Trump victory fuels BTC surge to new all-time high.


"Most #bitcoin news is about bullish price speculation and predictive targets at the moment.

This makes sense as the #bitcoin fear and greed index is verging on 'extreme greed' with a rating of 75%"


🇺🇸 U.S. Space Force Major Jason Lowery has released U.S. #Bitcoin National Defense Policy proposal.


🇺🇸 U.S. Space Force Major Jason Lowery has released US #Bitcoin National Defense Policy proposal.


🇺🇸 Senator Lummis has put forward a bill for the U.S. government to buy ₿200,000 #bitcoin per year over 5 years for a total of ₿1,000,000.


🇺🇸 The U.S. Federal Reserve cuts interest rates by 25 basis points.


🇺🇸 Detroit will become the largest US city to accept crypto to pay taxes and fees. City officials announced on Thursday.


🇺🇸 Senator Lummis 🇺🇸 hints at U.S. strategic #Bitcoin reserve, continuing to echo Trump’s promises from Bitcoin 2024.


🇺🇸 BlackRock’s #Bitcoin ETF saw a record volume of $1 billion today in the first 20 minutes 🇺🇸


🇺🇸 Bitcoin rockets past $75K following Trump’s victory! 🇺🇸 His pro-Bitcoin stance, pledge for a national Bitcoin reserve, and promise to review Ross’s case have fueled optimism across the industry.


#Bitcoin overtakes Meta to become the top 9 asset by market capitalization for the second time.


Opinion:

A recent CoinShares report identifies three primary challenges to MicroStrategy's "21/21 Plan," which aims to invest $42 billion in #Bitcoin over the next three years.

1. Convertible Notes and Rising Interest Rates:

MicroStrategy has utilized convertible notes to fund Bitcoin acquisitions, benefiting from lower interest rates compared to traditional debt.

"CoinShares accurately points out that increasing interest rates on converts could diminish the effectiveness of this strategy, making future borrowing more costly and potentially less attractive."

2. Selling Bitcoin and Yield Potential:

CoinShares expresses concern that selling Bitcoin could negatively impact MicroStrategy's yield potential.

"However, this overlooks MicroStrategy's stated strategy of holding Bitcoin long-term, with no intention to sell. This commitment suggests that the company does not plan to liquidate its holdings, rendering this concern less applicable."

3. Tax on Unrealized Gains:

The report warns that potential future tax legislation could impose significant taxes on MicroStrategy's unrealized gains.

"While tax policies can change, the current U.S. tax system does not tax unrealized gains, and implementing such a policy would require substantial legislative changes. Therefore, this concern appears speculative at this time."

"In summary, while the first concern about rising interest rates is valid, the other two challenges seem less aligned with MicroStrategy's current playbook and the existing tax framework."


Bitcoin Headline

"Tomorrow's money, Today's News"
👋🏽 100% human-curated content — every comment read, every question answered!


You make a strong point: many of these initiatives would indeed be far easier to implement in the private sector, where fewer regulatory constraints and bureaucratic hurdles exist. In the public sector, however, especially under current conditions, such actions face significant institutional and political barriers. That said, if these obstacles were deliberately constructed and upheld by the Biden administration through questionable alliances, then removing the source of corruption could, metaphorically, "extinguish the fire and dispel the smoke." In other words, dismantling these entrenched interests would clear the path for effective reform and transparent governance.


Will he deliver?

‣ Strategic Bitcoin Reserve
‣ Fire Gary Gensler
‣ Bitcoin and Crypto Advisory Council
‣ End "Operation Choke Point 2.0"
‣ Make sure #bitcoin is made in the USA
‣ Encourage Innovation in Energy Use for Bitcoin Mining
‣ Pardon Ross Ulbricht


🔴 Trump wins the U.S election causing a sell the news event for #Bitcoin as it enters the global market capitalization top 10 list once again.


#Bitcoin surpasses all time highs while Donald Trump takes the lead in U.S. elections.

"Stay humble and keep stacking!"


#Bitcoin surpasses all time highs while Donald Trump takes the lead in U.S. elections.


Thanks to #Bitcoin Policy Institute a 53 Page policy briefing on a potential U.S. Strategic Bitcoin Reserve was just released.

Download here:
https://junkflex.com/bitcoin/strategic.pdf


#Bitcoin mining difficulty just topped 100 trillion.


Opinion:

According to various public disclosure sources, the top 5 countries where citizens, governments, and institutions have invested in #Bitcoin as a whole are:

➊ United States
➋ China
➌ United Kingdom
➍ Germany
➎ El Salvador

"Of course, the accuracy of such a list is highly questionable due to the pseudonymous nature of the network and the likely distribution of holdings over hierarchically derived addresses from a single private key. The underlying reality of this ranking could differ greatly, which is definitely food for thought!"


Ben Sigman, CEO of Bitcoin Libre, creator of simplified Bitcoin/Tether wallet has released a revised version of his #Bitcoin 101 cheatsheet. Here is an upscaled version for easier viewing on mobile devices:
https://junkflex.com/bitcoin/cheat1.png


Ben Sigman, CEO of Bitcoin Libre, creator of simplified Bitcoin/Tether wallet has released a revised version of his #Bitcoin 101 cheatsheet. Here is an upscaled version for easier viewing on mobile devices.
https://junkflex.com/bitcoin/cheat1.png


Correct!


🇺🇸 U.S. #Bitcoin ETFs saw $580 million in outflows amid election uncertainty. This is the largest to date.

"Most of the traditional financial sector remains fixated on immediate rewards, quickly moving in and out of the top asset at the slightest provocation."


🇺🇸 U.S. #Bitcoin ETFs saw $580 million in outflows amid election uncertainty. This is the largest to date.

"Most of the traditional financial sector remains fixated on immediate rewards, quickly moving in and out of the top asset at the slightest provocation. The buy-and-hold approach, especially regarding Bitcoin, has yet to become ingrained in the mindset of Wall Street traders."


🇺🇸 U.S. #Bitcoin ETFs saw $541 million in outflows amid election uncertainty. This is the second largest to date.

"Most of the traditional financial sector remains fixated on immediate rewards, quickly moving in and out of the top asset at the slightest provocation. The buy-and-hold approach, especially regarding Bitcoin, has yet to become ingrained in the mindset of Wall Street traders."


According to Arkham Intelligence, Mt. Gox has sent USD $2.2 billion worth of #bitcoin to two wallet addresses. Usually, but not always, this is a consolidation procedure before selling the asset on an exchange.


🇬🇧 British pension firm Cartwright 🇬🇧 has advised a 3% allocation of #Bitcoin in its pension fund. Interestingly, they have bypassed the ETF route, opting to purchase BTC directly and have set up a multisig arrangement across five independent institutions.

This represents the largest BTC allocation by any pension fund globally and is likely to set a trend for others to follow.

"First slowly, then all at once!"


A new company following the MicroStrategy #Bitcoin playbook, Semler Scientific, has raised USD $2.5 million for its latest BTC acquisition, bringing its total holdings to ₿1,058. Semler Scientific develops technological products for healthcare providers.

"MicroStrategy's pivot to becoming a Bitcoin development company will ensure that we see many more companies like this choosing to add BTC to their balance sheets!"


Since its inception, the media has falsely proclaimed the death of #Bitcoin no less than 350 times.

You can read each and every headline here: https://99bitcoins.com/bitcoin-obituaries/


"Soon every billionaire will buy a billion dollars of #bitcoin and the supply shock will be so great that we will stop measuring it in terms of fiat."

— Michael Saylor


🇩🇪 Deutsche Telekom 🇩🇪, Europe's largest telecommunications company, has started mining #bitcoin using surplus energy.

"It appears that other German organizations do not share the same hostility towards Bitcoin as the German government has demonstrated."

https://junkflex.com/bitcoin/telecom1.jpg


🇩🇪 Deutsche Telekom 🇩🇪, Europe's largest telecommunications company, has started mining #bitcoin using surplus energy.

"It appears that other German organizations do not share the same hostility towards Bitcoin as the German government has demonstrated."
https://junkflex.com/bitcoin/telecom1.jpg


The #Bitcoin logo is now on Swiss television at every homegame of the first division team, Lugano FC.
https://junkflex.com/bitcoin/football.jpg


The #Bitcoin logo is now on Swiss television at every homegame of the first division team Lugano FC.
https://junkflex.com/bitcoin/football.jpg


Opinion:

Hodler psychology is optimal when there’s a clear understanding of the difference between a speculative pump and an adoption-driven pump.

#Bitcoin does both.


Opinion:

"Hodler psychology is optimal when there’s a clear understanding of the difference between a speculative pump and an adoption-driven pump."

#Bitcoin does both.


Opinion:

"Hodler psychology is optimal when there’s a clear understanding of the difference between a speculative pump and an adoption-driven pump."

#Bitcoin


Opinion:

"Hodler psychology is optimal when there’s a clear understanding of the difference between a speculative pump and an adoption-driven pump."


Opinion:

#Bitcoin is engineered to appreciate in value, regardless of who is elected.

Bitcoin = $11
2012 - Democrat - Obama
Bitcoin = $700
2016 - Republican - Trump
Bitcoin = $15, 489
2020 - Democrat - Biden
Bitcoin = $68, 823

"Political candidates always talk; political electorates sometimes act. #Bitcoin does not care!"


Exactly!


🇺🇸 Ramaswamy's Strive has launched a wealth management arm offering #bitcoin to clients. 🇺🇸


🇺🇸Ramaswamy's Strive has launched a wealth management arm offering #bitcoin to clients. 🇺🇸


In the past days #Bitcoin hit all-time high in 113 currencies.

"Nothing's stopping this train."
— nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9wsq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvql3tqm


In the past days Bitcoin hit all-time high in 113 currencies.

"Nothing's stopping this train."
— nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9wsq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvql3tqm


Michael Saylor’s #Bitcoin strategy boosted MicroStrategy from a U.S. $1B to a $52B market cap.

"Now he wants to double it!"


Opinion:

Picture a bomb meticulously loaded with explosive energy — each bit of purchased #Bitcoin adding to the charge. The longer we delay detonation, the more explosive potential builds. This bomb is nearly primed, waiting for something good or even bad to act as a trigger: an election, Bitcoin’s supply drying up, or the moment when all "weak hands" exit. When that trigger finally hits, the impact will be all the more powerful, fueled by every unit of Bitcoin purchased in anticipation.

"Tick-Tock, Next Block, Boom!"
https://junkflex.com/bitcoin/boom.gif


Opinion:

Picture a bomb meticulously loaded with explosive energy — each bit of purchased #Bitcoin adding to the charge. The longer we delay detonation, the more explosive potential builds. This bomb is nearly primed, waiting for something goid or even bad to act as a trigger: an election, Bitcoin’s supply drying up, or the moment when all "weak hands" exit. When that trigger finally hits, the impact will be all the more powerful, fueled by every unit of Bitcoin purchased in anticipation.

"Tick-Tock, Next Block, Boom!"
https://junkflex.com/bitcoin/boom.gif


The next Suriname election is scheduled for May 25, 2025.


🇺🇸 U.S. ETFs 🇺🇸 bought 11,900 #Bitcoin on October 29th—equivalent to a month’s supply.
https://junkflex.com/bitcoin/etf1.jpg


🇸🇷 Suriname presidential candidate Maya Parbhoe 🇸🇷 pledges to make #Bitcoin legal tender on day one.

"That's another place to maybe escape to if your grubby fiat country tries to tax your face off!"


🇸🇷 Suriname presidential candidate Maya Parbhoe 🇸🇷 pledges to make #Bitcoin legal tender on day one.

"That's another place to escape to if your grubby fiat country tries to tax your face off!"


7-Day #Bitcoin ETF streak ends with a record U.S. $50 million outflow.


🇺🇸 Strive Asset Management 🇺🇸, co-founded by Vivek Ramaswamy, announces it’s embracing #Bitcoin in Texas.


🇯🇵 Metaplanet 🇯🇵 has been the best performing stock year to date in Japan.

"They got a little somethin' special on their balance sheet."

#bitcoin


🇦🇷 Argentina’s Central Bank (BCRA) 🇦🇷 will host a unique art exhibit, becoming the first financial institution to display live #bitcoin mining.

https://junkflex.com/bitcoin/argentmine.jpg


"When in doubt... zoom out!"
#Bitcoin is up 10% this month.


"When in doubt... zoom out!"
https://junkflex.com/bitcoin/zoom1.jpg
#Bitcoin is up 10% this month.


🇺🇸 Donald Trump wishes "Bitcoiners a happy 16th anniversary of Satoshi’s white paper."

"Proof is in the pudding."
"Watch what they say not what they do!"

#Bitcoin


#Bitcoin Difficulty is currently set to increase by at least 7.5% at the next difficulty adjustment on Monday.


"Happy Sweet 16 #Bitcoin"

16 years ago today, Satoshi released the #Bitcoin whitepaper.

Read it here: https://bitcoin.org/en/bitcoin-paper


"Happy Sweet 16 #Bitcoin"

16 years ago today, Satoshi released the #Bitcoin whitepaper.
https://bitcoin.org/en/bitcoin-paper

"Hip-Hip... Horay!"


"Happy Sweet 16 #Bitcoin"

16 years ago today, Satoshi released the #Bitcoin whitepaper.

"Hip-Hip... Horay!"


#Bitcoin dominance just past 60% and is the highest it has been since April 2021.


🇺🇸 Historic Milestone: BlackRock’s #Bitcoin ETF skyrockets past $30 Billion in record-breaking surge 🇺🇸

The fastest-growing ETF of all time sets an unprecedented pace!


https://junkflex.com/bitcoin/mowno.mp4
#bitcoin #ethereum #jan3


Vanguard holds roughly 9% of Microsoft and we know what they will vote.


🇺🇸 MicroStrategy 🇺🇸 plans to raise $42 billion U.S. dollars to buy more #bitcoin over the next 3 years.


Who?


U.S. $2.1 billion worth of #Bitcoin shorts will be liquidated at $74,000.

"No supply over $74,000. We’ll see a gap to $100,000 then a swift trip to $200,000."

— Max Keiser


Reddit sold most of its #Bitcoin towards the end of September.

"Oopsy-Doopsy!"


This is what millions of Microsoft shareholders are seeing right now:

https://junkflex.com/bitcoin/msvote.jpg
#bitcoin


Identity theft and spam


🇺🇸 Florida Chief Financial Officer, Jimmy Patronis, wants to include #Bitcoin in the state's pension fund investments. 🇺🇸

Florida’s pension system, primarily the Florida Retirement System (FRS), provides retirement benefits to over 1 million active members, including state and local government employees, as well as retirees.


Blackrock #Bitcoin ETF see U.S. $640k inflow as the unit price tickles $73k.


"A rising tide lifts all boats."

This was especially true when #bitcoin previously reached all-time highs; however, this time is different, as altcoins have collectively lost about $500 billion in total market capitalization.


Blackrock #Bitcoin ETF see U.S. $640k inflow as the unit price tickles 73k.


#Bitcoin ETFs see U.S. $640k inflow as the unit price tickles 73k.


#Bitcoin ETFs see U.S. $640 inflow as the unit price tickles 73k.


#Bitcoin has finally broken out of a 7 month downtrend.


🇺🇸 Florida's Chief Financial Officer 🇺🇸 advocates for a strategic #bitcoin reserve, mentioning that BTC is "digital gold."


🇺🇸 Jason Lowery's book "Softwar: A Novel Theory on Power Projection and the National Strategic Significance of #Bitcoin" has been under security and policy review by the Department of Defense.


The Satoshi statue has disappeared from Lugano! Only a few days after installation someone has removed and stolen the artwork.

"I think this is a Banksie like stunt as well as a conceptual element of the artwork itself. What good is a Satoshi that does not dissappear?"

#bitcoin
https://junkflex.com/bitcoin/satstatgone.jpg


🔥 #Bitcoin is 3.5% away from a new all time high as momentum has been building for a couple of weeks now! 🔥

Previous ATH = $73,770


🔥 #Bitcoin is 3.5% away from a new all time high as momentum has been building for a couple of weeks now! 🔥


In simple terms, the tax formula ensures that, regardless of how well Bitcoin performs, any gains you make will be reduced to the point where they fall below what you’d get by holding the equivalent in traditional currency. While Bitcoin’s value may rise, the taxes will adjust to keep your returns lower, similar to what a traditional investor might experience, effectively limiting your financial growth.


"In a number of decades Cardano will flip Bitcoin and the majority of governments in the world will run on our infrastructure."

- Charles Hoskinson

"Blockchain Costanza is all excited because his team has made a zero knowledge bridge between #bitcoin and Cardano, which can act as a toilet for unwanted digital assets."


🇺🇸 The Federal Reserve Bank of Minneapolis  says "A legal prohibition against #bitcoin can restore unique implementation of permanent primary deficits, and so can a tax on Bitcoin."

They want to use this formula.
https://junkflex.com/bitcoin/taxformula.jpg

The tax works by continuously reducing the value or returns from holding Bitcoin, and the government collects these taxes as part of their revenue.


🇺🇸 Federal Reserve Bank of Minneapolis 🇺🇸 says "A legal prohibition against #bitcoin can restore unique implementation of permanent primary deficits, and so can a tax on Bitcoin."

They want to use this formula.
https://junkflex.com/bitcoin/taxformula.jpg

The tax works by continuously reducing the value or returns from holding Bitcoin, and the government collects these taxes as part of their revenue.


Three of the six new members of BRICS -  🇦🇪 UAE, 🇦🇷 Argentina and 🇪🇹 Ethiopia who are mining #Bitcoin with government resources.

Russia's Sovereign Wealth Fund is investing in Bitcoin mining throughout BRICS countries with the goal of settling global trade in #Bitcoin.


🇯🇵 Japanese Investment Firm 🇯🇵, Metaplanet, just surpassed ₿1000 with a purchase of 1.6 billion yen! This makes Metaplanet one of the largest #bitcoin holders in Asia.

"The momentum is building!"


🇯🇵 Japanese Investment Firm 🇯🇵, Metaplanet, just surpassed ₿1000 with a purchase of 10.4 million yen! This makes Metaplanet one of the largest #bitcoin holders in Asia.

"The momentum is building!"


🇯🇵 Japanese Investment Firm 🇯🇵, Metaplanet, just surpassed ₿1000 with a purchase of 10.4 million yen! This makes Metaplaned one of the largest #bitcoin holders in Asia.

"The momentum is building!"


🇯🇵 Japanese Investment Firm 🇯🇵, Metaplanet, just surpassed ₿1000 with a purchase of 10.4 million yen!

"The momentum is building!"


#Bitcoin is potentially about to break out to the upside of a 7 month range!


It turned out that they did not sell. They were simply organizing the wallets.


It was ironic that #bitcoin was attacked for being environmentally unfriendly while the far more servere realities of ACTUAL mining went by the wayside.


It was ironic that #bitcoin was attacked for being environmentally unfriendly while the far more severe realities of ACTUAL mining went by the wayside.


Opinion:

Gold and precious metal mining is very hazardous for the environment, but nobody really talks about that ever!

Just some of the impacts of mining precious metals are:

• Deforestation
• Water pollution
• Soil contamination
• Air pollution
• Biodiversity loss
• Waste generation
• Cyanide heap leaching
• Acid mine drainage
• Landscape alteration

So, #bitcoin mining is mobile, allowing it to occur near renewable energy sources for green power as well as NOT physically excavating and destroying the natural landscape.


Opinion:

Gold and precious metal mining is very hazardous for the environment, but nobody really talks about that ever!

Just some of the impacts of mining precious metals are:

• Deforestation
• Water pollution
• Soil contamination
• Air pollution
• Biodiversity loss
• Waste generation
• Cyanide heap leaching
• Acid mine drainage
• Landscape alteration

So, #bitcoin mining is mobile, allowing it to occur near renewable energy sources for green power as well as not physically excavating and destroying the natural landscape.


Opinion:

Gold and precious metal mining is very hazardous for the environment, but nobody really talks about that ever!

Just some of the impacts of mining precious metals are:

• Deforestation
• Water pollution
• Soil contamination
• Air pollution
• Biodiversity loss
• Waste generation
• Cyanide heap leaching
• Acid mine drainage
• Landscape alteration


Opinion:

Gold and precious metal mining is very hazardous for the environment, but nobody teally talks about that ever!

Just some of the impacts of mining precious metals are:

• Deforestation
• Water pollution
• Soil contamination
• Air pollution
• Biodiversity loss
• Waste generation
• Cyanide heap leaching
• Acid mine drainage
• Landscape alteration


🇺🇸 St. Louis Federal Reserve Bank 🇺🇸, no less, has released an article on why a gold standard wouldn’t work, listing gold’s lack of a fixed supply as a “significant problem”.

"Ummmm.... #bitcoin?"

https://junkflex.com/bitcoin/notgold.jpg


🇺🇸 St. Louis Federal Reserve Bank 🇺🇸 releases an article on why a gold standard wouldn’t work, listing gold’s lack of a fixed supply as a “significant problem”.

"Ummmm.... #bitcoin?"


Solo #bitcoin miner does it again!, garnering a block reward of 3.329 BTC.

CK Solo Mining Pool, also known as CKPool, is a solo mining service that allows miners to attempt to find Bitcoin blocks individually without needing to run a full Bitcoin node or download the blockchain. It charges a 2% fee and allows miners to keep 98% of the block reward plus transaction fees directly in their Bitcoin wallet. For this miner, the situation is not much different to winning the lotto.

View the block:
https://mempool.space/block/00000000000000000000d8d5d589093811cf7ecf5aa7bd768d459e45e4682d3e


BlackRock has recently surpassed 400,000 BTC in holdings. Collectively, all Bitcoin ETFs hold roughly 1 million BTC, which accounts for about 4% of the total Bitcoin supply. From this, we can deduce that BlackRock owns less than 2% of the total Bitcoin supply.

"Bitcoin is the people's asset."


There is no other way so it seems that Denmark has 'the cart before the horse' so to speak because, as we know, many citizens hold non-kyc #bitcoin.

It seems EU countries will shape their policy  to attempt to please the ECB and we know from the recent paper that they aim to tax the hell out of cryptocurrency if not crush it.


The city of Lugano unveiled a statue of Satoshi.

"Very cool statue! That is definately him!"
https://junkflex.com/bitcoin/satstat.jpg
#bitcoin


I love how they're implying that I'm literally hiding in a cave. 😂

https://image.nostr.build/44b215691f896c35d2b7d50d98c668dd45a8d0170dec243b31b1bf08ef679f34.jpg

https://itc.ua/en/news/found-the-wrong-guy-peter-todd-is-hiding-because-of-an-hbo-documentary-that-called-him-the-creator-of-bitcoin/


#Bitcoin ETFs currently purchase 5 times more btc than is mined in one week.


🇮🇹 The official text of the 2025 Budget Law, signed by the President of Italy, has been presented. 🇮🇹

#bitcoin capital gains tax specifically set to 43%.

"Oh-Oh, spaghettio!"


Italy's new 43% tax rate on Bitcoin and other cryptocurrency gains applies to personal income tax for high earners, specifically for those with annual incomes over €50,000. This tax rate is imposed on realized gains, meaning it is applied to profits made from selling or trading cryptocurrency rather than on unrealized gains, which would refer to holding crypto without selling it.

The general approach for crypto taxes in Italy involves a 26% tax on all crypto gains over €2,000, which is categorized as "miscellaneous income." For high-income individuals, if crypto transactions are deemed part of their professional income, the progressive income tax rates, which go up to 43%, would apply.

However, Denmark is planning to implement a tax on unrealized cryptocurrency gains. This tax, set at 42%, would be applied annually based on the market value of cryptocurrency holdings, regardless of whether the assets have been sold. The new rules are expected to be introduced by 2025, with implementation deferred to January 1, 2026, to allow investors and the market time to adjust.


Italy's new 42% tax rate on Bitcoin and other cryptocurrency gains applies to personal income tax for high earners, specifically for those with annual incomes over €50,000. This tax rate is imposed on realized gains, meaning it is applied to profits made from selling or trading cryptocurrency rather than on unrealized gains, which would refer to holding crypto without selling it.

The general approach for crypto taxes in Italy involves a 26% tax on all crypto gains over €2,000, which is categorized as "miscellaneous income." For high-income individuals, if crypto transactions are deemed part of their professional income, the progressive income tax rates, which go up to 43%, would apply.

However, Denmark is planning to implement a tax on unrealized cryptocurrency gains. This tax, set at 42%, would be applied annually based on the market value of cryptocurrency holdings, regardless of whether the assets have been sold. The new rules are expected to be introduced by 2025, with implementation deferred to January 1, 2026, to allow investors and the market time to adjust.


Correct! You never understood statements like this one.


It has been a fantastic year for #bitcoin dominance leaving bargain bin imitations in the dust.

https://junkflex.com/bitcoin/dominate1.jpg


It has been a fantastic year for #bitcoin dominance leaving bargain bin immitations in the dust.

https://junkflex.com/bitcoin/dominate1.jpg


🇺🇸 Emory University of Atlanta Georgia 🇺🇸 disclosed in SEC filings that it owns over $15 million in Grayscale’s mini Bitcoin ETF, making it the first university to buy #bitcoin.


Michael Saylor told Microsoft CEO, Satya Nadella, he can help them adopt a #Bitcoin Strategy!

"This being of course only if the initiative is not voted out by shareholders."


MicroStrategy has overtaken Microsoft in all-time stock gains.


Japan's 🇯🇵 Metaplanet 🇯🇵 has adopted "BTC Yield", a tool created by MicroStrategy.

BTC Yield calculates the percentage change in the ratio of Bitcoin holdings to fully diluted shares.


Botanix Labs has announced that its Bitcoin Layer 2 network, Spiderchain, will utilize Chainlink's Cross-Chain Interoperability Protocol (CCIP) to connect Chainlink’s oracles to Bitcoin, bringing real-world data feeds to the Bitcoin network.

"It's exciting to see Chainlink's impressive data aggregation coming to Bitcoin! However, it's unfortunate that Chainlink's native token is ERC-677 on Ethereum, and is secured by a small group of people with a 4/8 multisig."


The PA House passed HB-2481, protecting Bitcoin self-custody, tax exemptions, and node operation. Backed by Satoshi Action Fund, it’s a major step for Bitcoin.


🇺🇸 The state of Pennsylvania has passed ‘Bitcoin Rights’ in the House by a sweeping majority 🇺🇸 The bill has bipartisan support.

#bitcoin


🇺🇸 The state of Pennsylvania has passed ‘#Bitcoin Rights’ in the House by a sweeping majority 🇺🇸 The bill has bipartisan support.


🇮🇹 The official text of the 2025 Budget Law, signed by the President of Italy, has been presented. 🇮🇹

#bitcoin capital gains tax specifically set to 42%.

"Oh-Oh, spaghettio!"


Solo miner just mined a block worth 3.329 #bitcoin worth U. S. $222,455.

"Warm feeling! 🙂"


Microsoft shareholders will be voting this December to decide if #bitcoin should be held on the balance sheet.


Saylor’s comments on big bank #bitcoin custody are ‘batshit insane’ — Vitalik Buterin


Tesla has revealed that it did not sell any #bitcoin in Q3 of 2024.


🇺🇸 Recently, the U.S. SEC 🇺🇸 approved options trading on spot #bitcoin ETFs.

"Putting aside the U.S. SEC's regulation-by-enforcement frenzy of last year, it seems America is far more embracing of potential #bitcoin strategies than the E.U.  Bitcoin is next level, it is the money upgrade, it is the first engineered sound money, it is inevitable. Luddites always lose when going up against disruptive technological advancements.'"


Opinion:

We can thank the many deep thinkers which have been beneficial for #bitcoin throughout history. It should be no surprise that Michael Saylor is more of a Larry Fink than a Jeff Booth. Look at the game he is playing.

"Bitcoin does not need Saylor."
"Bitcoin does not need Fink."
"Bitcoin does not need Elon."
"Bitcoin does not need Trump!"

"It does not even need a founder!"

The key feature of #bitcoin is that, overall, it does not care about what god-complex financial entities do or say.

Stack Sats > Self-Custody > Boating Accident

Let's go!


Michael Saylor responds to controversy over his stance on the self custody of #bitcoin.

https://junkflex.com/bitcoin/saylorcustody.jpg


🇺🇸 The U.S. National Debt 🇺🇸 has increased by $473 billion over the last three weeks.

It is now $35.8 trillion.


A full academic rebuttal to the anti-Bitcoin ECB paper officially released.

Check it out here: https://www.murrayrudd.pro/challenging-bias-in-the-ecbs-bitcoin-analysis/


FYI: The #bitcoin halving spiral is an interesting and novel way to visualize current cycle performance along side previous cycle performance. It gives you a rough idea of what to expect and when.

Here is a live version:
https://charts.bitbo.io/halving-spiral/


FYI: The Clark Moody #Bitcoin website is the best when it comes to a dashboard of detailed metrics and information.

The price chart has a real-time update speed called "each tick." It is fascinating to watch during times of vivid price action.

The chart also has multiple exchanges, so it can be very useful to a trader to spot arbitrage opportunities.

Check it out:
https://bitcoin.clarkmoody.com/


The #bitcoin halving spiral is an interesting and novel way to visualize current cycle performance along side previous cycle performance. It gives you a rough idea of what to expect and when.

Here is a live version:
https://charts.bitbo.io/halving-spiral/


With environmentally friendly focused mining, 🇧🇹 Bhutan 🇧🇹 is the 4th largest government holder of #bitcoin, holding roughly U.S. $800 million worth.

This is impressive for a humble Buddhist nation with a GDP of around $3 billion.


In 2023 at the Rare Evo Conference, Cardano Founder, Charles Hogiskin predicted that Cardano would actually flip #bitcoin.

Here's how that is going!

https://junkflex.com/bitcoin/adazero1.jpg

"Nice job!, Blockchain Costanza"


#Bitcoin rallies toward $70K as Futures hit record $40.5 billion amid ETF Surge, halving impact, and short liquidations fueling market frenzy.

Yesterday, while the #bitcoin price corrected 3% iShares Bitcoin Trust ETF bought the dip with inflows of U.S. $329 Million.


Jurgan Schaaf, adviser at ECB suggests that #bitcoin should be "eliminated". He is saying that #bitcoins gains come at the expense of non-hodlers.

"His comment is stupid in two ways. 1. You can not eliminate bitcoin. 2. You sell,  you lose."


The unit price has returned to its upper range and interesting to note, the #bitcoin balance on exchanges has dried up a lot and actually hit a 5-year low!


#Bitcoin dominance has been climbing since mid-July and is currently above 58%.


The market capitalization of #bitcoin is currently one trillion greater than #ethereum.

"Just saying. 🤷'"


"🇺🇸 Recently, the U.S. SEC 🇺🇸 approved options trading on spot #bitcoin ETFs.

"Putting aside the U.S. SEC's regulation-by-enforcement frenzy of last year, it seems America is far more embracing of potential #bitcoin strategies than the E.U.  Bitcoin is next level, it is the money upgrade, it is the first engineered sound money, it is inevitable. Luddites always lose when going up against disruptive technological advancements.'"


"A bit further insight into perhaps why Germany sold their #bitcoin so easily. The European Central Bank (ECB) is calling for war on #bitcoin. They want to stagnate the price or try to kill bitcoin completely. The bogus fabricated reason: Early investors are rugging late investors.

"This behavior is what is expected from central/reserve banks in the face of the first engineered sound money – then they fight you!'"


The unit price has returned to its uper range and interesting to note, the #bitcoin balance on exchanges has dried up a lot and actually hit a 5-year low!


JAN3 Founder Samson Mow spoke at  🇩🇪 German parliament 🇩🇪 on #bitcoin strategies for nation-states.


JAN3 Founder Samson Mow speaks at  🇩🇪 German parliament 🇩🇪 on #bitcoin strategies for nation-states.


Jurgan Schaaf, adviser at ECB suggests that #bitcoin should be "eliminated". He is saying that #bitcoins gains come at the expense of non-hodlers.

"His comment is stupid in two ways. 1. You can not eliminate bitcoin. 2. You sell,  you loose."


A few reasons. 1. The unit price is already pre-elevated as a result of ETF and general adoption hype. It is in a higher position than its algorithmic trajectory. 2. ETFs source their #bitcoin from OTC desks and not from exchanges. There has been much spare Bitcoin outside exchanges after all the FTX fud during the last bear market (loose bitcoin). 3. The ETFs are exposing wall street to bitcoin but they are traders more than hodlers so their lettuce hands are letting go all the time.

Bitcoin will still hit the parabolic phase in a historically timely manner and we are not at the end of that window yet.


A poll revealed that more than half of U.S. voters prefer a pro crypto candidate.
- Grayscale / The Harris Poll


#Bitcoin ETFs have seen U.S. $1.6 billion inflows this week.


🇮🇹 Italy's Deputy Finance Minister Maurizio Leo 🇮🇹 has announced their plan to increase capital gains on #bitcoin from 26% to 42% because "the phenomenon is spreading."

"Do not sell your Bitcoin!"


Yes, and even many further emails and documents which indicate that he decided not to. Enjoy!


Continue your Bitcoin studies with this excellent resource—a comprehensive library of easily accessible Bitcoin-related papers.

Explore it here: https://nakamotoinstitute.org/library/


Went to quicksilver. bought an awesome shirt. Paid in Bitcoin. This shit never gets old 🔥🧡

People here just get it! https://video.nostr.build/d8823d942206c2ed48d2eaa353017f50d432608f36f5d0d2555e44fb77b922b5.mp4


Tesla moved U.S. $760 million worth of #bitcoin yesterday to new wallets. It is unclear whether they are buying, selling or changing custodians.


🇯🇵 Metaplanet's #bitcoin aquisition 🇯🇵
https://junkflex.com/bitcoin/metaplanet.jpg

"ビットコインを決して売らないでください"


🇯🇵 Metaplanet's #bitcoin aquisition 🇯🇵
https://junkflex.com/bitcoin/metaplanet.jpg

"ビットコインを決して売らないでください"
(Translation: "Never sell your Bitcoin")


#Bitcoin is potentially about to break out to the upside of a 7 month range!


According to Arkham Intellegence, Telsa is moving around #bitcoin for the first time in 2 years.

"Interesting! 🤔"


🇯🇵 Metaplanet 🇯🇵 has done it again, this time they purchased an additional 106.976 bitcoin for ¥1 billion at an average price of ¥9,347,891 per #bitcoin.


Currently:

$AAPL valuation: 58M BTC
$NVDA valuation: 55M BTC
$MSFT valuation: 53M BTC
$GOOG valuation: 33M BTC
$AMZN valuation: 33M BTC
$META valuation: 25M BTC

Approximately 94% of Bitcoin has already been mined from the total supply of 21 million that will ever exist.

We’ve seen nothing yet—absolutely nothing—when it comes to reaching the true price consensus for #Bitcoin.

https://m.primal.net/LVrW.webp


Versatile Smart Contracts and Enhanced Bitcoin Functionality (Thanks! 🖐).


Adam Back’s Blockstream has released Simplicity and is now live on the Liquid Network testnet. It brings versatile smart contracts and enhanced #bitcoin functionality.


Versatile Smart Contracts and Enhanced Bitcoin Functionality


Craig Wright is suing BTC Core for £911,050,000,000

"He really is an enemy of #bitcoin"


Adam Back’s Blockstream has released Simplicity and is now live on the Liquid Network testnet.


Arkham Intelligence, a blockchain data analytics firm backed by investors like Sam Altman, is planning to launch a cryptocurrency derivatives exchange as early as November 2024.


Mt. Gox postpones repayment deadline to 2025, allaying concerns of #bitcoin sell pressure.


Speakers at the #Bitcoin Amsterdam 2024 conference discussed how flawed academic studies on Bitcoin fuel misinformation, affect media coverage and lead to misguided policies.


If #bitcoin goes sideways for 2 more weeks it will qualify as the longest sideways stint ever.

"Tick-tock next block."


🇯🇵 Japan's Metaplanet 🇯🇵 buys another ¥1 billion worth of #bitcoin.

"CEO Simon Gerovich is like Japan's Michael Saylor!" 😁


A study by CryptoQuant has shown that the interest in the Ethereum ETF in the first 79 days was weak at best when compared to the #bitcoin ETF beginnings.

"There is no real surprise here! It is a bogus commodity asset with a protocol based on a staking function that isn't even accessable to the ETF holders."


It is indeed!


Bitcoin ETFs are now holding almost 1 million of the total #bitcoin supply.


🇸🇷 Suriname 🇸🇷 Presidential candidate Maya Parbhoe says, "There's a lot you can solve by making #bitcoin legal tender"


Devs are releasing three security advisories for the #Bitcoin Core project. These vulnerabilities affect versions of Bitcoin Core before (and not including) 25.0. This is part of a new vulnerability disclosure policy.


47% of traditional hedge funds have exposure to #bitcoin and digital assets. This is the result of ETF availability and regulatory clarification in the U.S. and Asia.

— Alternative Investment Management Association


Agreed.


Up and coming #bitcoin mining pool, Ocean (Founded by Luke Dashjr), has pledged to address mining centralization concerns with the design of their pool.

Shortlist of new features:
- Direct non-kyc payments
- DATUM custom mining templates
- Individual miner names on-chain
- Newly generated coins direct from network
- Payments on Lightening with BOLT12

Just point your rig to:
mine.ocean.xyz:3334


Up and coming #bitcoin mining pool, Ocean (Founded by Luke Dashjr), have pledged to address mining centralization concerns with the design of their pool.

Shortlist of new features:
- Direct non-kyc payments
- DATUM custom mining templates
- Individual miner names on-chain
- Newly generated coins direct from network
- Payments on Lightening with BOLT12

Just point your rig to:
mine.ocean.xyz:3334


They want to put forward Vitalik Buterin for a Nobel Prize for economics.

"Probably because they failed to find Satoshi!" 🤣


Peter Schiff challenged Michael Saylor to a debate on #bitcoin versus gold.

... but Saylor hasn’t responded yet.

Peter Schiff also mockingly told Saylor to get a U.S. $4.3 billion loan and snap up the Silk Road btc stash.

... but Saylor hasn't responded yet.


Peter Schiff challenged Michael Saylor to a debate on #bitcoin versus gold.

... but Saylor hasn’t responded yet.

Peter Schiff also mockingly told Saylor to get a U.S. $4.2 billion loan and snap up the Silk Road btc stash.

... but Saylor hasn't responded yet.


#Bitcoin ETF inflows have jumped to U.S. $235 million and analysts are saying there has been a psychological turning point in the market.


According to New York Digital Investment Group, #bitcoin is still the best-performing asset in 2024.


🇺🇸 Granbury (Texas) residents are sueing Marathon Digital over noise pollution from #bitcoin mining.


On-chain transaction volume for #bitcoin surged recently, reaching an incredible $37.4 billion in just one day. This is the largest increase since March 12. This is a healthy sign.


crypto․com is suing the U.S. Securities and Exchange Commission in a response to the threatening Wells notice they recieved during Gary Gensler's damaging regulatory over-reach frenzy.


crypto․com is suing the U.S. Securities and Exchange Commission in a response to the threatening Wells notice they recieved during Gary Gensler's damaging regulatory over-reach actions.


🇺🇸 The US Supreme Court 🇺🇸 has declined to review an appeal over the ownership of 69,370 #bitcoin seized from Silk Road, allowing the government to sell them.


🇧🇭 The National Bank of Bahrain 🇧🇭, with access points in the UAE and Abu Dhabi, just launched its first #bitcoin investment product.


Traditional finance arrive late to the #bitcoin mystery party and proceed to flog a the dead horse. Peter Todd? Satoshi?

https://junkflex.com/bitcoin/todd.jpg


HBO are trying to drum up hype for their documentary by claiming to know who Satoshi is. With their publicity stunt they propose that the three main candidates are Adam Back, Nick Szabo and Len Sassaman.


A #bitcoin whale holding U.S. $72.5 million worth of bitcoin has moved $3.58 million worth to Kraken exchange. There has been some generally notable activity with Satoshi era whale movements on chain lately.


A #bitcoin whale holding U.S. $72.5 worth of bitcoin has moved $3.58 million worth to Kraken exchange. There has been some generally notable activity with Satoshi era whale movements on chain lately.


This is not a typical feature in bitcoin core software but could theoretically be done with custom development.


#Bitcoin Core 28.0 was released.

https://bitcoincore.org/bin/bitcoin-core-28.0/


#bitcoin dominance sits at nearly a 3 year high.


Spot ETFs have purchased over ~312,000 #bitcoin —nearly twice the amount mined this year.


#bitcoin dominance sits at a nearly a 3 year high.


#bitcoin dominance sits at a nearly 3 year high.


New #bitcoin documentary staring Adam Back and Samson Mow drops a trailer.

https://youtu.be/iSF0KGsFuI8?feature=shared


Spot ETFs have purchased over ~312,000 #itcoin —nearly twice the amount mined this year.


Japan's 🇯🇵 Metaplanet 🇯🇵 sold 223 contracts of #bitcoin put options, earning 23.972 BTC (U.S. $1.44 million) in premium income.


Check out this incredible #bitcoin history book that is being written.

http://junkflex.com/bitcoin/history1.jpg

Link to thread: https://bitcointalk.org/index.php?topic=5475400.0


🇺🇸 Gurbir Grewal, SEC Director of Enforcement stepping down and departing the agency.


🇺🇸 Bank of America is experiencing a major outage, with accounts displaying zero balances.

This is something we do not see with #bitcoins UTXO model.


🇺🇸 Gurbir Grrwal, SEC Director of Enforcement stepping down and departing the agency.


Spike at end.


🇺🇸 CME Group, the world’s largest futures exchange announced that its #bitcoin Friday futures have launched and are available for trading.


🇺🇸 U.S. Federal Reserve just approved a $2.35B bank bailout. 🇺🇸


🇯🇵 Japanese 🇯🇵  Metaplanet buys ¥1 billion worth of #bitcoin.


The Fed is hinting towards further rate cuts as #bitcoin continues in its consolidation range.


Users of Coinbase have been experiencing unexplained offramp restrictions. "Not your keys, not your coins!"


Ohio state wants government to accept taxes in crypto.


🇹🇼 Taiwan's 🇹🇼 Financial Supervisory Commission has announced that professional investors can now access #bitcoin ETFs under specific regulations and oversight.


Taiwan's Financial Supervisory Commission has announced that professional investors can now access #bitcoin ETFs under specific regulations and oversight.


News outlets all talk of "Uptober". 'Rektember' had a better turn out than expected so what then for "Uptober"?

The protocol is designed to appreciate in value. Whichever path it chooses, the trajectory is clear, it is "Up".


ARK Invest bought 3,089 #bitcoin—their largest aquisition yet.


Scottie Pippen gets another visit from Satoshi with a special message!

http://junkflex.com/bitcoin/pippen2.jpg


Awarded to accounts which are operated by a human


Since Powell's 50 basis point cut, there has been inflows over U.S. $497 million into the #bitcoin ETFs. Blackrock has also doubled down and bought more shares of its own ETF for its global allocation fund.


Changpeng Zhao, ex Binance CEO, was released from prison yesterday.


MicroStrategy is blazing a trail, lighting up the path to exponential profits for companies ready to follow. With new FASB accounting rules dropping this December, expect a tidal wave of #bitcoin adoption to ignite the competitive landscape.


Typically, some analysts are saying that the new approved options trading on the IBIT ETFs could increase the value of the underlying asset. The underlying asset being, of course, #bitcoin.


Yes.


Former Swan employees, Michael Holmes and Raphael Zagury, left Swan and started their own #bitcoin mining company called Proton based on stolen Swan code. Swan has taken legal action.


If #bitcoin keeps the upward momentum for a few more days, this month will go down as the most performant "Rektember" of all time possibly closing around +10% in the green.


If #bitcoin keeps the upward momentum for a few more days this month will go down as the most performant "Rektember" of all time possibly closing around +10% in the green.


U.S. $1 billion worth of #bitcoin has been noticed moving and distributing into new addresses on-chain recently. One of the wallets involved has been linked to Fidelity.


American billionaire entrepreneur Mark Cuban eyes the SEC chairman position and says that Gary Gensler has got to go. He says that if Kamala becomes president, he will apply for the position.


BlackRock spot #bitcoin ETF had U.S. $184 million inflows yesterday, the highest inflows this month.


Paypal has now allowed business accounts to buy, sell and hold #bitcoin and crypto.


🍿 Tom Emmer confronting Gary Gensler in House Financial Services Committee hearing. 🍿
https://youtu.be/CA0jfR4gVj8


Major institutions are now going beyond ETFs to focus on #bitcoin backed lending.


Kamala Harris is following suit as she begins to discuss #bitcoin and digital assets.


Kamala Harris has is following suit as she begins to discuss #bitcoin and digital assets.


An extensive onchain audit suggests with very high probability that the address was a consolidation address for a batch of genesis mining addresses which earned their (First Epoch) block subsidy of 50 #bitcoin. The timestamp information corresponds to a developmental phase where only Satoshi and Hal were known to be mining blocks.

You could conduct this audit yourself by analysing posts between Satoshi and Hal about mining and match the dates.

Here are a few links on mempool which are relevant to the audit.

Bitcoin Block 0: Genesis Block (2009) https://mempool.space/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

Block 78: Hal Fineys first Block (2009)
https://mempool.space/block/00000000a2886c95400fd3b263b9920af80b118b28fee5d2a162a18e4d9d8b2f

Address alleged managed now by Hal's family which recently moved some large consolidated amounts as well as 5BTC to Kraken.

https://mempool.space/address/37UKdGiS3WFhmrTdveBZEtghivLuQtmdKe

Some transactions happed around 2014 around the time of Hal's passing.

And here is where the paper trail leads back to:
https://mempool.space/address/1CEq15CvdwHZmkfpWxse1UDGBxLynQepTe

Don't trust! Verify!


Caroline Ellison, Sam Bankman-Fried's girlfriend and partner in crime was sentenced to 24 months in prison and ordered to forfeit $11 billion dollars by a federal judge for her role in the collapse of FTX.


An extensive onchain audit suggests with very high probability that the address was a consolidation address for a batch of genesis mining addresses which earned their (First Epoche) block subsidy of 50 #bitcoin. The timestamp information corresponds to a developmental phase where only Satoshi and Hal were known to be mining blocks.

You could conduct this audit yourself by analysing posts between Satoshi and Hal about mining and match the dates.

Here are a few links on mempool which are relevant to the audit.

Bitcoin Block 0: Genesis Block (2009) https://mempool.space/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

Block 78: Hal Fineys first Block (2009)
https://mempool.space/block/00000000a2886c95400fd3b263b9920af80b118b28fee5d2a162a18e4d9d8b2f

Address alleged managed now by Hal's family which recently moved some large consolidated amounts as well as 5BTC to Kraken.

https://mempool.space/address/37UKdGiS3WFhmrTdveBZEtghivLuQtmdKe

Some transactions happed around 2014 around the time of Hal's passing.

And here is where the paper trail leads back to:
https://mempool.space/address/1CEq15CvdwHZmkfpWxse1UDGBxLynQepTe

Don't trust! Verify!


Reserve bank of 🇦🇺 Australia 🇦🇺 have began rolling out 'wholesale CBDCs' commenting that they will not be establishing a 'retail CBDCs' any time soon as the benifits for the Australian people did not seem substancial enough.

Check out your countries standing on CBDCs here:

https://www.atlanticcouncil.org/cbdctracker/


Robbie Mitchnick who is head of digital assets at Blackrock has stated that he does not see #bitcoin as a "risk on" asset.


US Congressman Tom Emmer roasts Gary Gensler over his questionable crypto regulation efforts.

"Your inconsistencies on this issue have sent this country back. We could not have had a more historically destructive or lawless Chairman of the SEC."


Hal Finney's wallet allegedly sent 5 $BTC to Kraken. The wallet still holds 1,215 $BTC (U.S. $77M).


BlackRock now mandates Coinbase to deposit #bitcoin on-chain within 12 hours, addressing concerns over the immidiacy of 1:1 backing of ETF shares.


🇦🇷 Argentinian 🇦🇷 officials arrest a group of people for smuggling mining hardware into the country without a permit.


Rektember's bearish sentiment flips on a dime, with analysts firing off their cycle peak targets—of little importance to true #bitcoin believers.


Or even the I'm two b.


Samson Mow is in 🇯🇵 Japan 🇯🇵 discussing #bitcoin strategies with parliamentary members.

Here he meets Mr. Junichi Kanda.

http://junkflex.com/bitcoin/mowjap.jpg


According to the council of U.S. Senator Lummis, the SEC have cleared the way for BNY (Americas largest custodian bank) to provide institutional custody for #bitcoin and other digital assets.


SEC have approved options trading for Blackrock's IBIT spot ETF.


MicroStrategy now holds 252,000 #bitcoin as of its last acquisition which is 1.3% of the total supply.


According to Anthony Scaramucci, Kamala Harris is working on crypto policies with industry advocates.


Swimming pool of water?

Journalistic integrity is up in the air as Forbes pulls Susie Ward's article which criticized the BBC for exaggerating the water consumption of a single #Bitcoin transaction.


MicroStrategy now holds 252,000 #bitcoin as of its last acquisition.


Global M2 money supply has hit an all time high. This is good for #bitcoin.


MicroStrategy is stacking hand over fist with yet another #bitcoin purchase of U.S. $460 million.


Lookonchain noticed 5 Satoshi-Era mining wallets each holding 50 #bitcoin which was the block subsidy at the time in 2009.


Lookonchain noticed 5 Satoshi-Era mining wallets each holding 50 #bitcoin each which was the block subsidy at the time in 2009.


:trump: Donald Trump - #Bitcoin is a new era.


:mallers: Jack Mallers - #Bitcoin is the only monetary instrument in the history of our species that is fixed.


:mallers: Jack Mallers - /#Bitcoin is the only monetary instrument in the history of our species that is fixed.


:booth: Jeff Booth - The natural state of a free market is deflation, which means we have never lived in a free market.


:rfk: Robert F. Kennedy Jr - #Bitcoin mining is a powerful new tool for supporting renewable-intensive grids.


:rfk: Robert F. Kennedy Jr: #Bitcoin mining is a powerful new tool for supporting renewable-intensive grids.


:rfk: Robert F. Kennedy Jr: "#Bitcoin mining is a powerful new tool for supporting renewable-intensive grids."


:rfk: Robert F. Kennedy Jr. #Bitcoin mining is a powerful new tool for supporting renewable-intensive grids.


:rfk: #Bitcoin mining is a powerful new tool for supporting renewable-intensive grids.


:booth: Jeff Booth: The natural state of a free market is deflation, which means we have never lived in a free market.


:booth:Jeff Booth: The natural state of a free market is deflation, which means we have never lived in a free market.


Commerzbank and DZ Bank, managing over $1 trillion in assets, are launching #Bitcoin trading services due to rising institutional demand.


Donald Trump signing 'Make #Bitcoin Great Again' hat.

http://junkflex.com/bitcoin/trumphat.jpg


Microstrategy wastes no time as it increases its raise to U.S. $875 million to buy more #bitcoin.


Jeff Booth: The natural state of a free market is deflation, which means we have never lived in a free market. :booth:


Jeff Booth :booth: The natural state of a free market is deflation, which means we have never lived in a free market.


Jeff Booth :booth: The natural state of a free market is deflation, which means we have never lived in a free market:booth:


:booth:The natural state of a free market is deflation, which means we have never lived in a free market:booth:


Russian deputy finance minister, Ivan Chebeskov wants to tax mining in 🇷🇺 Russia🇷🇺 by energy use initially and it seems they plan to extend this taxation to also include mining profits in the future.


Rate cuts appear to have had an effect, are we about to see something interesting?


Donald Trump has been seen paying for food at a bar using #bitcoin. Bitcoin Bar in New York City.


The Federal Reserve bank has followed through and cut interest rates by 50 basis points. It is the first cut in over 4 years.


The Federal Reserve bank has followed through and cut interest rates by 50 basic points. It is the first cut in over 4 years.


Jerome Powell will speak after interest rates decision here is the link to tune into that live:

https://www.youtube.com/live/seEoCB97cds


The Federal Reserve bank has their FOMC meeting at 2pm today. The expected 50 basis point cut will be confirmed or denied.


The Federal Reserve bank has their FOMC meeting at 2pm today. The expected 50 basis point cut will likely be confirmed or denied by 4:30pm.


Arkham Intelligence


MicroStrategy sets the golden example of laser focus as they raise U.S. $700 million through convertible notes to buy more #bitcoin.


🇧🇹 Bhutan 🇧🇹  has mined U.S. $780 million in #bitcoin using renewable hydropower, becoming the world's 4th-largest government bitcoin holder.


The Federal Reserve meeting is set for Tuesday, with growing momentum behind expectations of a significant 50 basis point rate cut which would positively influence the #bitcoin unit price.


It is worth noting that Trump's potential second assassination attempt has had little to no effect on the #bitcoin unit price.


cocktus your a legend! 👊


According to data from River Financial companies have grown their #bitcoin holdings collectively by 587% over the past four years.


Following legalization of #bitcoin mining in 🇷🇺 Russia  🇷🇺, 15 new datacenters are planned in the Komi Republic.


Robert Kiyosaki: The only facts that count are how many #bitcoins and how many gold coins an investor has.

Michael Saylor: Do you trust that chair you're sitting on? Are you all-in on that chair?".


Robert Kiyosaki: The only facts that count are how many #bitcoins and how many gold coins an invester has.

Michael Saylor: Do you trust that chair you're sitting on? Are you all-in on that chair?".


#ARK Invest has released a report on #bitcoin indicating that on chain health metrics are in good standing. Amongst others , network usage, security and holder behaviour are all in the green.


Maximalists could maybe look past cbBTC's altcoin nature (a 1:1 backed BTC token running on PoS chains) as it is basically another product using #bitcoin as a reserve. It will bring attention from the broader DeFi community. cbBTC has hit U.S. $100 Million market capitalization in the first day.


Maximalists could maybe look past cbBTC's altcoin nature (a 1:1 backed tokenized BTC running on PoS chains) as it is basically another product using #bitcoin as a reserve. It will bring attention from the broader DeFi community. cbBTC has hit U.S. $100 Million market capitalization in the first day.


#Bitcoin continues to trend upwards this week as  🇸🇻 El Salvador 🇸🇻 continues its daily accumulation. The nation state currently holds U.S. $340 Million in #bitcoin.


#bitcoin continues to trend upwards this week as  🇸🇻 El Salvador 🇸🇻 continues its daily accumulation. The nation state currently holds U.S. $340 Million in #bitcoin.


MicroStrategy buys 18,300 #bitcoin for U.S. $1.1 Billion. This brings their holdings to a total of 244,800.


Worth noting that #bitcoin dominance has increased steadily all year with a 15.85% increase.

http://junkflex.com/bitcoin/btcd.jpg


CleanSpark will acquire 7 additional #bitcoin mining facilities in Tennessee for U.S. $27.5 million expecting to achieve 37 EH/s by the end of the year!


CleanSpark will acquire 7 additional #bitcoin mining facilities in Tennessee for $27.5 million expecting to achieve 37 EH/s by the end of the year!


MARA mining pool CEO stated that not holding enough #bitcoin is a national security concern for the US. Following this, the company aquired more BTC bringing total holdings to 26.6 thousand BTC worth U.S. $1.5 Billion.


It is interesting and bullish to see Blackrock's blatent billing of #bitcoin as a hedge against declining trust in goverments and the fiat system.

http://junkflex.com/bitcoin/blackrock.jpg


U.S. $1400 Covid Stimulus cheque if used on stacking is now worth almost 12 thousand dollars!


#Bitcoin transaction fee is currently just 3 sat/vB making it an ideal time for some UTXO consolidation!


#Bitcoin transaction fee is currently just 3 sat/vB making it a ideal time for some UTXO consolidation!


On Wednesday #bitcoin mining difficulty rose by 3.5%.


#Coinbase has released cbBTC, a wrapped version of #bitcoin on the Ethereum network and Base. Apparently it is backed 1:1 with Bitcoin held on the Coinbase exchange.


New data shows that 11% of #bitcoin supply is held by #Coinbase.


Standard Chartered launches #bitcoin custody services in the UAE.


🇬🇧 UK Parliament 🇬🇧 introduces bill to recognize #bitcoin as personal property.


Standard Chartered launches Bitcoin custody services in the UAE.


Tides turned a bit with #bitcoin ETF inflows of U.S. $117 Million.


Arkham Intelligence reported that SpaceX owns U.S. $500 million worth of #bitcoin.


🇯🇵 Japan's 🇯🇵  #Metaplanet adds another ¥300 million worth of #bitcoin to its balance sheet.


Occasionally a solo miner cracks a block and is issued the entire reward, currently ₿3.125. This is a testament to the fairness of the #bitcoin protocol.


🇯🇵 Japan's 🇯🇵  largest power company is mining #bitcoin using surplus energy.


Vanity addresses for #bitcoin are like personalized number plates you can generate with this:

https://joshua-zou.github.io/vanity-btc/


Elon Musk has recently hinted at re-enabling #Dogecoin as a payment option for Tesla.

"Can't blame a guy for choosing the dog that is easier to control!"


Paper bitcoin continues its outflows while in the background #whales are stacking nonstop. This highlights the divide between traditional investors and those who truly understand the #bitcoin protocol on a technical level.


Gold vs. Bitcoin

#bitcoin critic Peter Schiff goes head to head in debate with bitcoin ambassador, Jack Mallers resulting in many laughable moments.

https://www.youtube.com/watch?v=MSlEQA1BoOE


Fully agreed, the price has prematurely pumped ahead of the assets fixed algorithmic price trajectory due to unprecedented adoption levels from the ETFs and related anticipation. I would say that we would be looking at a floor price of around 40k without the extra adoption.


Fully agreed, the price has prematurely pumped ahead of the assets fixed algorithmic price trajectory due to unprecedented adoption levels from the ETFs and related anticipation. I would say that we would be looking at around 40k naturally without the extra adoption.


According to historical data #bitcoin is doing the same thing it did in 2020 before the parabolic phase. For genuine bitcoiners, the current price performance is not a cause for concern.


3 Years ago today,  🇸🇻 El Salvidore 🇸🇻 adopted #bitcoin as legal tender. Who will be next?


http://junkflex.com/bitcoin/foss.jpg
#bitcoin


The much-anticipated Nakamoto upgrade for Stacks could prove to make #bitcoin DeFi explode soon as it shifts #Stacks to a "bitcoin native" model which relies more on the base layer's infrastructure.


Large #bitcoin logo projected in German parliament could possibly be too little too late or could Germany do a 180 on bitcoin.

http://junkflex.com/bitcoin/germanlogo.jpg


#bitcoin mining could help #japan monetize  2.5 Billion in wasted green energy.


German Bundestag member, Joana Cotar, has been trying hard to convince the German government, after their recent 50k BTC sell off, that #bitcoin is integral to Germany in its future economic standing.


Michael Saylor tweeted recently, "You do not sell your #bitcoin."


#Bitcoin Spot ETFs have lost 1 Billion over the last 7 days.


"Sometimes I feel like Michael Burry in the Big Short. We know Omega is coming but it’s taking longer than expected. If your core thesis is correct you just need to keep focused and wait." — Samson Mow

http://junkflex.com/bitcoin/mow.jpg
#bitcoin


Price corrections with Nvidia with a drop of $406 billion dwarf those of #bitcoin as the market downturn is widespread.


The phrase "Tick Tock, Next Block" becomes increasingly relevant as #bitcoin hashrate continues its all time highs amongst Rektember Doldrums. This shows that health of the network is in good standing.


Paper bitcoin investors are suffering from a case of paper hands it seems as ETFs are hemorrhaging with a record $211 million outflows.


Interesting news for traders as 3 primary momentum indicators for #Bitcoin are currently flashing a bearish death cross.


“Every country is now gonna be adding #Bitcoin to their reserve status to compete in the global Hash War in the 21st-century.”

- Max Keiser


“Every country is now gonna be adding Bitcoin to their reserve status to compete in the global Hash War in the 21st-century.”

- Max Keiser


Fred Thiel, Marathon Digital CEO is confident that #bitcoin can be used to offset the $35T US national debt and predicts nation states will be competing over BTC as a sovereign reserve asset. Game theory time.

http://junkflex.com/bitcoin/thiel.jpg


Mastercard launches non-custodial #Bitcoin and crypto debit card in the EU.


Coinbase CFO,  Alesia Haas, says the Kamala Harris campaign is using Coinbase to accept crypto donations — Fortune


Senator Cynthia Lummis says her #Bitcoin Strategic Reserve bill is the "only viable solution that positions us to cut our national debt in half by 2045."

http://junkflex.com/bitcoin/lummis.jpg


Data shows that #bitcoin transaction numbers have decreased by around 30% possibly as a result of the eyeglazing sideways price action over the last 6 months.


"Rektember blues" flood the market today as some analysts make grim predictions but thankfully there is one shining light amongst it all.... Scotty Pipen!
http://junkflex.com/bitcoin/pippen.jpg
#bitcoin


The #cryptocurrency total market cap just dropped under the 2 trillion mark.


In related news, Mt. Gox CEO, Mark Karpeles is back in the game but this time giving old Gox victims half price trading fees with his new startup EllipX.


Regardless of current bearish market sentiment the #bitcoin hashrate is stronger than ever.


#FTX to repay its creditors with a total of $16 Billion starting in Q4 2024.


Some bitcoiners are bracing themselves for another "Rektember", this month as historically September has been a rough month with regards to returns with more red monthly closes than any other month in the cycle. The good news is that "Uptober" usually turns this on its head.


#Blackrock IBIT #Bitcoin ETF has began to experience outflows as it records its second day of outflows in history last week. #Schiff typically taking the opportunity to fud price momentum.


$5.5 TRILLION #Fidelity says that #Bitcoin could go as high as $1 BILLION by 2038. Wales are still stacking.


#Blackrock IBIT #Bitcoin ETF has began to experience outflows as it records its second day of outflows in history last week. #Peter Schiff typically taking the opportunity to fud price momentum.


$5.5 TRILLION Fidelity says that Bitcoin could go as high as $1 BILLION by 2038. Wales are still stacking.


Blackrock IBIT ETF has began to experience outflows as it records its second day of outflows in history last week. Peter Schiff typically taking the opportunity to fud price momentum.


$5.5 TRILLION Fidelity says that Bitcoin could go as high as $1 BILLION by 2038.


#Saylor has released 'Bitcoin24', a spreadsheet model for forcasting asset growth and #bitcoin adoption for different investment strategies.

https://x.com/saylor/status/1829569649622839574


#Bitcoin still ranging post ETF approval. Figures show unit price historically skyrockets after the US #elections.


Bitcoin still ranging post ETF approval. Figures show unit price historically skyrockets after the US elections.


#Saylor has released 'Bitcoin24', a spreadsheet model for forcasting asset growth and #bitcoin adoption.

https://x.com/saylor/status/1829569649622839574


Thanks for this!


GM Bitcoiners!