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BitcoinMoon
npub15xe5...z7mh
Bitcoiner, World Traveler, Teacher and Learner
LunaBTC 0 years ago
Notable BTC Catalysts Countries/States that have bills to create a Strategic Bitcoin Reserve (SBR): USA Japan Switzerland EU Czech Republic - 5% of $146 Billion of the bank’s Vancouver passed BTC friendly US States: in total 16 US States have some form of Bitcoin legislation in place. SAB 121 - rule governing institutional inclusion of bitcoin at the banking level. I think it’s an SEC rule keep an eye on this. It hasn’t changed yet. Trump / Lummis proposing a “strategic Bitcoin reserve” with the purpose of buying 200,000 BTC per year. Florida and Pennsylvania are proposing legislation that would create a BTC Strategic Reserve. The world‘s third largest pension fund, South Korea’s National Pension Service, has invested 34 million dollars into Microstrategy as a de facto Bitcoin investment. NPS is the countries largest institutional investor with $777 billion in assets under management. The Swiss National Bank and Norway’s central bank have also begun investing in Microstrategy (MSTR). Norway’s Sovereign Wealth Fund has purchased enough BTC that each Norwegian citizen holds the equivalent of $27 in bitcoin (5.5 million people x $27 = 148.5 million dollars). 11 Spot Bitcoin ETF approvals in the US including three of the biggest names in asset management: BlackRock, Fidelity, Wisdom Tree, Ark Invest, Grayscale Bitcoin Trust, and others all allowing access for TradFi. Shattering all inflow records. BTC can now be held in 401ks and tax-deferred retirement accounts. Hong Kong ETFs for both BTC and ETH. Financial accounting standards board (FASB): changes in accounting practices will allow for holding bitcoin on business balance sheets “at fair value” instead of only being accounted for at a loss as it is now. New rule changes Jan 1st 2025. The practical effects of this is that more big businesses can do what MSTR took a chance by doing. Bank for International Settlements (BIS): will allow central banks of all countries to hold up to 2% of their assets in bitcoin, stable coins, and other cryptocurrencies. The top three central banks in the world: the US federal reserve and the central banks of both China and Japan have combined assets of nearly $20 trillion alone. 2% percent of that is 400 billion. https://www.bis.org/bcbs/publ/d545.pdf Markets in Crypto Assets regulation (MiCa): The European Union landmark legislation signed in 2023 and the BEGINNING of a 12 to 18 month process will allow 20% of the global economy to invest in spot BTC ETFs sometime in 2024/25. This will make International standards for AML/CFT will be achievable across Europe.
LunaBTC 1 year ago
What % of Bitcoin do you have in your portfolio?
LunaBTC 1 year ago
Bitcoin above 52k months before the halving? ETFs vacuuming up hundred of thousands of bitcoin per week? Imagine when the supply shock really hits?! Strap in internet frens!
LunaBTC 2 years ago
Bitcoin Magazine - worth the subscription cost.
LunaBTC 2 years ago
Banking Crisis Survival Guide - thank you everyone at Bitcoin Magazine!
LunaBTC 2 years ago
Who among us hasn’t thought about how “If I had gotten in to Bitcoin earlier…”? (I know I have). I’m also thinking about this: in about 97 years the block reward will be roughly 37 Sats and this will be very much worthwhile for minors. Although I won’t be around, as yet unborn offspring will be. So… what about all these services like NOSTER, or Fountain, or certain faucets that are shelling out a few dozen Sats to me per day? Am I setting my great grand children up with generational wealth or no?