Apparently this has been brewing for a couple of years now, but I just became aware of it.
(March 2022):
https://www.coindesk.com/business/2022/03/03/swiss-city-of-lugano-to-make-bitcoin-and-tether-de-facto-legal-tender/
Feb 2023...
https://www.crypto-news-flash.com/breaking-news-taiwan-to-recognize-bitcoin-as-legal-tender/
I wonder how this might impact US-China relations if it passes...
https://www.msn.com/en-us/money/other/mexican-senator-indira-kempis-rallies-support-for-bitcoin-as-legal-tender-if-el-salvador-could-do-it-surely-we-can-as-well/ar-AA1iRRQt
I have no idea how much support/interest there is for this in Mexico. :popcorn:
On the heels of Jefferies recommendation:
https://www.coindesk.com/markets/2023/10/10/billionaire-paul-tudor-jones-backs-bitcoin-and-gold-as-geopolitical-risks-rise/
https://www.livebitcoinnews.com/is-paraguay-looking-to-make-btc-legal-tender/
Not sure how influential this Congressman is or how widespread his interest is shared amongst his colleagues.
This surprised me...
More:
https://bitcoinmagazine.com/culture/yougov-finds-americans-want-bitcoin-legal-tender-in-the-us
If the youth are the future, Bitcoin appears poised for future growth.
https://www.msn.com/en-us/money/markets/i-don-t-understand-why-people-are-more-inclined-to-go-to-bitcoin-than-gold-says-hedge-fund-billionaire-ray-dalio/ar-AA1anPYt
I don't know what people he is referring to, but i think BTC is a speculative play for people gambling on some ROI. Gold is an...
Nakamoto Portfolio Theory
A set of tools, research and open source code to explore the ground breaking effects that Bitcoin has on the financial world.
https://www.nakamotoportfolio.com/nakamoto/start
This is a fairly new development, but if the infrastructure for minting, buying and selling matures and a Bitcoin NFT market grows, it's going to be deflationary for Bitcoin as coins get minted, they become collectables and don't circulate/trade as unminted coins do.
I missed this story back in April of last year:
https://www.bbc.com/news/world-africa-61565485
I'm guessing that CAR was hoping to attract foreign investment with the move.
Decent effort at addressing the issue, it does miss a few important points (I will elaborate later if folks are interested):
https://internationalman.com/articles/3-things-most-people-dont-know-about-gold-bitcoin-and-money/
Trading at 40% of NAV because parent company possibly in trouble for shenanigans.
https://www.kitco.com/news/2023-01-13/Grayscale-slams-SEC-refusal-to-approve-Bitcoin-ETF-as-illogical-arbitrary-and-discriminatory.html
See also...
Here's the latest from Jacob Dreizin. It's a packed edition. I started reading his blog for the Ukraine coverage and normally would post this in the Ukraine thread but this edition covers much more than the Ukraine situation.
I'm not a fanboy for Elon Musk. I like what he's doing at Twitter...
https://www.cnet.com/culture/features/north-koreas-crypto-hackers-are-paving-the-road-to-nuclear-armageddon/
North Korea's Crypto Hackers Are Paving the Road to Nuclear Armageddon
North Korea has quietly become a cryptocurrency superpower. It has stolen billions in bitcoin and ether and is...
https://www.forbes.com/sites/roberthart/2021/06/09/el-salvador-makes-history-as-worlds-first-country-to-make-bitcoin-legal-tender/
El Salvador dropped the bomb. Wow.