A quick suggestion/request. Use… DoGE if we’re talking about a newly formed department in the US DOGE if we’re talking about a sh*tcoin

I have a niggling thought… What if, at some point in the next two years, Trump issued a 6102 style executive order banning companies from holding #Bitcoin and issued certificates (perhaps redeemable in dollars) for the Bitcoin confiscated? I don’t know how to take this thought experiment any further. Sorry

I was a little bit sad to learn that after my hyper-cautious, anti-crypto bank in UK makes a transfer to @strike “…deposits can take up to 1 business day [to be applied to my account] due to several factors such as the timing of the transfer, the location of the transaction, security checks, bank holidays, and transaction-specific details.” Bank Holidays?! @jack mallers, do you have any plans to fix this?

And you wonder why some folk have trouble understanding #Bitcoin!

GN

Here’s a thought. Whenever people buy #Bitcoin from an exchange they are exchanging fiat for BTC. Never mind what currency they use to buy, it’s the miners who are at the end of the supply chain. The miners buy energy for BTC and with 37.8% of miners in USA, they will be paying in dollars. That means that dollars are entering USA fiat economy at the rate of… 37.8% of 3.125 BTC every 10 minutes, 6 times an hour, 24 hours a day at $100k each. If I’ve got my sums right, that’s $17m per day effectively being injected into Dollarland to cause more inflation. Is this significant?

Let’s hope that #Bitcoin can hold onto today’s recovery to over $100k so we can record a new ATH with the added bonus of an extra ring of power.

And then it c-r-a-s-h-e-d, which means that the chart (which gets live prices throughout the day) forgets there was ever an ATH.

OMG, #Bitcoin over $100k made BBC headlines in the 7 o’clock news

Over $100k and the scale of the graph adds another factor of ten. The fiat equivalent of #Bitcoin spirals into a black hole of oblivion.

I’ve been having a conversation with ChatGPT about which traditional stores of value are likely to collapse. Its conclusion… “Fiat currencies are the most likely to lose their value as a store of wealth first due to inflation, central bank policies and the rise of decentralized alternatives. Art and collectibles could follow, driven by their niche appeal and competition from digital equivalents. Precious metals and real estate are more resilient, with real estate likely to be the last to lose its appeal due to its intrinsic and universal utility.” It seems the issue of negative equity in the housing market will be well signalled. Take this as your 5 year / 2 year / 6 month (delete as appropriate) warning.

Oh, somebody please make one of those #Bitcoin death knocking on doors memes with $100k €100k £100k

You can’t make this stuff up. An animal rights group has asked The Sly Old Fox pub in Birmingham to change its name, claiming it is offensive to foxes.

The hippies understand…

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