greencandleit 2 days ago

Bitwise's chief investment officer has Bitcoin at $1.3 million by 2035. His maths is simple. Gold went from $2 trillion to $30 trillion after gold ETFs launched. Bitcoin taking a quarter of that market is all it takes. Bitcoin ETFs are two and a half years old.

greencandleit 2 days ago

🇹🇭 Thailand just scrapped tax on Bitcoin gains for five years. Zero. Nothing. For half a decade. Every country charging you 40% is about to find out where the money goes.

greencandleit 2 days ago

Strategy's CEO Phong Le on what happens when the CLARITY Act passes: "When we clear the regulatory baseline, every major bank is going to flood into this space." The Senate procedural vote is on 15 September.

greencandleit 2 days ago

Grant Cardone is going on stage in New York this month to lay out his plan to buy 10,000 Bitcoin. The man built a fortune on property and is now telling a room full of investors to do the opposite. How many of them go home and start buying?

greencandleit 2 days ago

Ross Ulbricht was serving a double life sentence plus forty years, with no possibility of parole. Two years ago the only realistic outcome was that he died in a cell. He has just announced he is expecting his first child.

greencandleit 2 days ago

The Fed chair read Bitcoin's white paper in 2011. In 2018 he wrote in the Wall Street Journal that it could work as a store of value like gold. In 2021 he said if you are under 40, Bitcoin is your new gold. The man setting US interest rates has believed this for eight years.

greencandleit 2 days ago

A British investor just recovered 61 coins from Intersango, an exchange that collapsed twelve years ago. He bought them for about 1,500 pounds in 2011. They are worth roughly $4.5 million now. The only reason he still has them is that for twelve years he could not sell them.

greencandleit 2 days ago

The IMF confirmed this week that El Salvador's Bitcoin additions came from private donations rather than public money, and reached a staff level agreement on its program reviews. Bukele then denied reports that the country handed its reserve to a private operator. The fund got

greencandleit 2 days ago

House leadership cut eight legislative days from September and members leave Washington on the seventeenth. The Senate's procedural vote on the market structure bill is the fifteenth. That leaves two days to handle anything the Senate changes. One policy chief now puts the odds

greencandleit 3 days ago

The August jobs report came in at 162,000 against a consensus of 56,000, nearly three times the estimate, and Bitcoin lost $80,000 within the hour. September hike odds went straight back to 70% and the ten year hit 4.80%. Trillions repriced because a forecast was wrong by

greencandleit 3 days ago

Bitcoin ETFs took $3.52 billion in August while gold funds were losing money. Same fear, same reason, two different assets. The money picked one.

greencandleit 3 days ago

Bitcoin's entire market is worth $1.63 trillion. Gold is worth $30 trillion. Bitcoin has to go up eighteen times to catch it, and it is already taking gold's buyers.

greencandleit 3 days ago

Bitcoin bottomed at $58,000 in late June, a 21-month low. It is back near $80,000. That is a 37% recovery in ten weeks. Everyone who called the bottom a dead cat is now watching from the sidelines.

greencandleit 3 days ago

🇷🇺 Russia's largest bank has started settling international trade payments in Bitcoin at 0.3% and in minutes. SWIFT takes days, costs more, and can refuse you. Which bank do you think is watching this and running the same numbers?

greencandleit 3 days ago

🇺🇸 Scott Bessent, the US Treasury Secretary, said this week that America is actively working to remove regulatory barriers for Bitcoin. His words: we will consider reforms to unleash the power of America's capital markets. The Senate votes on the CLARITY Act in nine days.

greencandleit 3 days ago

BlackRock, which manages $15 trillion, now describes Bitcoin as a new emerging global monetary alternative. Their words for why demand is rising: fear of global debt and deficit levels.

greencandleit 4 days ago

Strategy is now worth more than PayPal. A software company that started buying Bitcoin in 2020 has passed the biggest name in digital payments.

greencandleit 4 days ago

Bitcoin's mining network is running at 893 exahash with difficulty near 126 trillion. That is close to the highest computing power ever pointed at it, during the worst year for miner profitability since 2018. Nobody switched off.

greencandleit 4 days ago

The Prime Minister of the UAE has called Bitcoin and digital assets a new sector of the national economy. That is a country built entirely on oil money looking for what comes next.

greencandleit 4 days ago

Square has switched Bitcoin payments on for millions of US businesses at zero processing fees. Card networks charge those same shops 2 to 3% on every sale. What happens to a fee model when the alternative charges nothing?