Humble Bitcoiners!
It's Tuesday, so get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
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Today's Rundown: - The Ark: Bitcoin provides an escape from the flood of fiat inflation.
- Big Players: Google enters the bitcoin market partnering with Bakkt.
- Pay Me In Bitcoin: First USL pro Soccer player gets paid in bitcoin.
- The Renaissance: Bitcoin mining is undergoing a Renaissance
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Satoshi's Ark Will Save Bitcoiners
By Jeremy Garcia An interesting comparison of the current situation of bitcoin, with the tale of Noah's Ark. Imagine Noah building the Ark and trying to save society. Many people would have definitely considered him crazy, wasting his time on building a big Ark and convincing animals and society to get in to save them from the incoming flood.
The same situation could be directly compared to Satoshi's Ark — bitcoin. As bitcoiners warned society for years of the incoming inflation and central bank's failed monetary policies, inflation was simply nonexistent for many. Until now. "After the flood of fiat has receded, the Bitcoin Standard will bring back life on earth and Satoshi's beautiful timechain will forever remind humans that fiat will never flood the Earth again." - Jeremy |
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Google Partners With Bitcoin And Crypto Marketplace Bakkt
By Alex McShane Bakkt, a Bitcoin and crypto marketplace and custodian announced that they intend to partner up with Google in order to extend the reach and usability of digital assets. Bakkt users will be able to add their virtual Visa debit cards into Google Pay to purchase goods and services wherever Google Play is accepted.
In essence, users will now be able to using their Bitcoin holdings to pay for goods and services, while the funds convert to fiat currency on the backend, not allowing the seller to receive bitcoin.
"This partnership is a testament to Bakkt’s strong position in the digital asset marketplace, to empower consumers to enjoy their digital assets in a real-time, secure, reliable manner” - Gavin Michael, Bakkt CEO. |
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Click the links:
1. Bill Miller, the billionaire investor and Miller Value Partners CFA, continued to tout Bitcoin in a new conversation with author William Green, hinting that it is less risky to invest in bitcoin at $43,000 than $300.
2. Discussing and explaining the technicalities of El Salvador's government-directed bitcoin wallet, Chivo.
3. Meet The Taco Plebs: A discussion with Dion Guillaume on how bitcoin is a financial future of hope. |
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First USL Pro Soccer Player Gets Paid In Bitcoin
By Nik Hoffman Alex Crognale, from Birmingham Legion, became the first-ever USL professional soccer player to get paid in bitcoin, as he cited concerns over the excessive money printing by central banks.
Crognale understood that bitcoin's fixed supply makes it resistant to inflation and takes it out the control of any one entity or government body, making it the perfect vehicle to store wealth without the risk of debasement, which is why he is determined to inspire others to take personal control of their own wealth through bitcoin.
“I have been buying Bitcoin since 2020 using various exchanges, Coinbase, Binance, CashApp, I’ve tried them all.. The Bitwage platform allows me to dollar-cost average into Bitcoin with ease and without transaction fees.. I have a percentage of my salary paid in cryptocurrency that is direct-deposited into my wallet.” - Alex Crognale |
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The Bitcoin Mining Hash Rate Is Seeing An Unprecedented Restructuring
By Colin Harper China's Bitcoin mining ban will likely be seen as a renaissance in bitcoin mining, as we witness an unprecedented restructuring of hash rate across the globe, and China loses its position of representing 50% to 60% of the market hash rate, allowing bitcoin mining to become more decentralized and proving its resilience.
In this piece, the author shows how the hash rate and the ASIC industry had a great recovery, and lays out predictions for the future of the mining industry: - Hash rate close near ATH in Q4
- ASICS prices will exceed ATH
- Difficulty adjustments will likely be upwards
- Transaction revenue from fees will at least double
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By Gigi
"Because of inflation, we are forced to sell our sats at higher prices than usual," said the Bitcoin CEO in an interview on Friday.
The irony is strong on this one. Inflation is precisely what we are trying to protect ourselves from by holding bitcoin. As Bitcoiners we know this is the only alternative — the price will end up going up sooner or later, and right now it feels like sooner rather than later.
Keep educating and stack harder. |
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Keep on reading, keep on stacking. |
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