Bitcoin, yes, offers the only viable alternative to failing fiat currencies, which are doomed b/c all G7 nations are locked into a 3 - 5 year debt cycle.
And technology (AI, digital, etc).
Only these 2 can create enough peacetime productivity growth to break out of the debt cycle.
A 3rd default alternative would be a very hot world war. So invest 40/40/20 in Bitcoin, AI, & a bunker. 🧐
Yes, bitcoin could top $200,000 this year (and for Pete's sake, don't tell me you can't afford it. You have ALWAYS been able to buy fractional amount. You can buy $10 on Alto (see other post) if you like, or a fractional share of FBTC (fidelity wise bitcoin trust ETF)
Do yourself a favor and subscribe (free) to George on Youtube for updates...
Shipping magnate Chao was the sister of Senate Minority Leader Mitch McConnell’s wife, Elaine Chao. She was found drowned in her car this week and officials suspect murder and foul play.
Stretch your brain with this fascinating interview. There’s as much danger of group think in the alt/unvaxxed/prepper/anti-WEF’fer community as any other. Don’t be a lemming.
Spend your commute listening to this. Then consider buying some bitcoin among other things. I guarantee you learn something!
Dear Fellow Voyageurs: If you've benefited from reading this stack over the last two years, please subscribe. It all goes to a great cause (see reply under this note) AND we help you PAY for your subscription, MANY TIMES OVER! It literally costs you not to subscribe, and that's a waste of your hard earned money.
In the last week, the price of Bitcoin(BTC) scorched past the US$50,000 price level. A key factor in the price gains is strong US-driven BTC buying momentum. Between February 12-16th, flows into American spot BTC ETFs were a significant US$2.2 billion. This was more than any other ETF category did over the period and indicates the continued strong demand for Bitcoin exposure from wider ETF market participants.
The BlackRock iShares Bitcoin Trust (IBIT) received the largest chunk of capital, amassing US$1.6 billion. “$IBIT alone has taken in $5.2b YTD, which is 50% of BlackRock's total net ETF flows, out of 417 ETFs,” Bloomberg ETF analyst Eric Balchunas, noted on X. Fidelity’s Wise Origin Bitcoin Fund took in US$648.5 million over this period, while the Ark 21Shares Bitcoin ETF and the Bitwise Bitcoin ETF both also enjoyed healthy, positive flows.
Aditya Das
Brave New Coin
Analyst/Blockchain Researcher
Find me on Linkedin
Yet again, however, outflows from the converted Grayscale Bitcoin Trust ETF put a dampener on the overall performance of the spot Bitcoin ETF group. The fund observed negative flows of US$624 million. Since the product was converted from an institutional-only, ring-fenced product to a traditional ETF, it has seen over US$7 billion in outflows.
Even so, with the surging ETF inflows, BTC has been trading at its highest premium in 9 months on major US-based exchange Coinbase. The “Coinbase Premium Index” output by data firm Cryptoquant, measures the price difference for BTC on US-based-Coinbase compared to International exchange Binance. This number reached 0.12 on Thursday, the highest number reached since May 2023.
This implies that US-based BTC investors are buying the asset heavily, pushing up its price in the local market compared to the international market.
Bitcoin mining difficulty hits new heights in the lead-up to Bitcoin halving
Bitcoin mining difficulty, which measures how difficult it is to solve the Bitcoin network’s cryptographic problems that are tied to mining, passed 80 trillion in the last week. Bitcoin’s difficulty adjusts to ensure that block times can stay at a constant 10 minutes. A rising difficulty indicates increased computational power being deployed across the network. The last difficulty adjustment increased levels by ~6%.
A key factor in the surge in mining activity is the upcoming Bitcoin block reward halving. As a way to counteract inflation and devaluation, Bitcoin’s block reward for successfully mined blocks will halve from 6.25 coins to only 3.125 in April. While this may be exciting for investors, who expect the supply shock to drive forward price pressure, for miners the halving represents a significant drop in revenue. From April, their reward for earning BTC will be cut in half. Unless the price of BTC doubles, they will be earning less than they did pre-halving. The current surge in mining might be miners deciding that the next two months are an opportunity to maximize BTC accumulation given higher block rewards. The rising price of BTC boosts this proposition.
According to research released in the last week by Galaxy Digital, 20% of the current miners could go offline after the Bitcoin halving. This is because only the most efficient operations will be able to survive in the post-halving environment. Analysts using data from Coinmetrics write, ”We estimate that roughly 15-20% of the network hashrate at the conclusion of 2023 (86-115 EH) could come offline at the time of the halving.” They make these estimations based on transaction fees being 15% of miner rewards and the price of BTC being US$45,000.
Additionally, Galaxy expects several older Bitcoin mining machines, including — the extremely popular Bitmain S9, Canaan’s A1066, and MicroBT’s M32 models — will have to be shuttered post-halving.
Larry Fink is now very pro- Bitcoin, which likely means the US gov't will be involved, which means the main appeal of crypto - decentralization, could be lost.
Demography & the now inescapable central bank debt cycle. The only solution for nations is to escape the cloud of fiat currencies that go along with money-printing in the US: only able to cover the newly accumulated interest on US gov't debt. The only apparent solutiona are either to exit that USD currency cloud (via BRICS), or smash everything in a global war. Thus the push to draw Russia into WW3. There's one further solution, profound & elegant: Bitcoin. Why? Because it's a dispersed network, ie. not centralized, is outside fiat currencies, & thus cannot be controlled by governments. Unless of course oligarchs or gov'ts 'modify' it, allowing centralization, & control.
There are two asset classes that will separate you from the only plan left which is the mutualization of losses.
You might be surprised what they are. Listen:
You are gonna have to help me with this.
crypotechnology....is that one or two things?
Bitcoin, yes, offers the only viable alternative to failing fiat currencies, which are doomed b/c all G7 nations are locked into a 3 - 5 year debt cycle.
And technology (AI, digital, etc).
Only these 2 can create enough peacetime productivity growth to break out of the debt cycle.
A 3rd default alternative would be a very hot world war. So invest 40/40/20 in Bitcoin, AI, & a bunker. 🧐
Okay two asset classes. Thanks.
BTC and QQQ ( basket of tech stocks). Buy and hold, or buying every ,market dip as Fed begins inflating money supply.
Thank you very very muh Jimychanga!
I learned a lot today!
You're welcome!
Yes, bitcoin could top $200,000 this year (and for Pete's sake, don't tell me you can't afford it. You have ALWAYS been able to buy fractional amount. You can buy $10 on Alto (see other post) if you like, or a fractional share of FBTC (fidelity wise bitcoin trust ETF)
Do yourself a favor and subscribe (free) to George on Youtube for updates...
https://www.youtube.com/live/qI1KUrjXQGA?si=GAMliqsBwv9hqR__
Bitcoin quietly climbs to 63,773.
Tomorrow will be dynamite for the miners (DAPP)
Classic good sense flummoxes the modern pc workplace. Enjoy
https://youtube.com/shorts/_XXLgZ8rYew?si=9BCTsv5BD7EU-TPC
Fresh Bullshit from the Canadian Left (sorry Scout!)
https://youtu.be/-ZGxIUFdUT4?si=13vNtJocHcP7G5o9
Shipping magnate Chao was the sister of Senate Minority Leader Mitch McConnell’s wife, Elaine Chao. She was found drowned in her car this week and officials suspect murder and foul play.
https://www.cnbc.com/2024/02/29/angela-chao-death-being-investigated-as-criminal-matter.html
Please listen to Michael Saylor's thoughts on Bitcoin.
It's time to get up to speed on how you can survive and thrive in the great distributed dilution that's happening :
https://youtu.be/qBPtUf50XVg?si=fLNQy7FSQgcCNnGS
Stretch your brain with this fascinating interview. There’s as much danger of group think in the alt/unvaxxed/prepper/anti-WEF’fer community as any other. Don’t be a lemming.
Spend your commute listening to this. Then consider buying some bitcoin among other things. I guarantee you learn something!
Get the Hell out of NY!!
New York Moves to Begin mRNA Vaccinating Children, genital mutilation, Without Parental Consent
https://slaynews.com/news/new-york-moves-begin-vaccinating-children-without-parental-consent/
Next month they'll start shipping kids to DNC pedo conventions without parental consent.
Dear Fellow Voyageurs: If you've benefited from reading this stack over the last two years, please subscribe. It all goes to a great cause (see reply under this note) AND we help you PAY for your subscription, MANY TIMES OVER! It literally costs you not to subscribe, and that's a waste of your hard earned money.
https://jimychanga.substack.com/p/time-to-celebrate
Here's where 100% of your paid subscription money goes.....
https://jimychanga.substack.com/p/your-subscriptions-at-work
Betcha this link shows a 35' yacht! Just kidding. This is a good cause, I'm sure.
FYI, HERE'S OUR MOST RECENT LOAN!
Thanks to YOU!
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Bitcoin surges as demand from the US picks up
In the last week, the price of Bitcoin(BTC) scorched past the US$50,000 price level. A key factor in the price gains is strong US-driven BTC buying momentum. Between February 12-16th, flows into American spot BTC ETFs were a significant US$2.2 billion. This was more than any other ETF category did over the period and indicates the continued strong demand for Bitcoin exposure from wider ETF market participants.
The BlackRock iShares Bitcoin Trust (IBIT) received the largest chunk of capital, amassing US$1.6 billion. “$IBIT alone has taken in $5.2b YTD, which is 50% of BlackRock's total net ETF flows, out of 417 ETFs,” Bloomberg ETF analyst Eric Balchunas, noted on X. Fidelity’s Wise Origin Bitcoin Fund took in US$648.5 million over this period, while the Ark 21Shares Bitcoin ETF and the Bitwise Bitcoin ETF both also enjoyed healthy, positive flows.
Aditya Das
Brave New Coin
Analyst/Blockchain Researcher
Find me on Linkedin
Yet again, however, outflows from the converted Grayscale Bitcoin Trust ETF put a dampener on the overall performance of the spot Bitcoin ETF group. The fund observed negative flows of US$624 million. Since the product was converted from an institutional-only, ring-fenced product to a traditional ETF, it has seen over US$7 billion in outflows.
Even so, with the surging ETF inflows, BTC has been trading at its highest premium in 9 months on major US-based exchange Coinbase. The “Coinbase Premium Index” output by data firm Cryptoquant, measures the price difference for BTC on US-based-Coinbase compared to International exchange Binance. This number reached 0.12 on Thursday, the highest number reached since May 2023.
This implies that US-based BTC investors are buying the asset heavily, pushing up its price in the local market compared to the international market.
Bitcoin mining difficulty hits new heights in the lead-up to Bitcoin halving
Bitcoin mining difficulty, which measures how difficult it is to solve the Bitcoin network’s cryptographic problems that are tied to mining, passed 80 trillion in the last week. Bitcoin’s difficulty adjusts to ensure that block times can stay at a constant 10 minutes. A rising difficulty indicates increased computational power being deployed across the network. The last difficulty adjustment increased levels by ~6%.
A key factor in the surge in mining activity is the upcoming Bitcoin block reward halving. As a way to counteract inflation and devaluation, Bitcoin’s block reward for successfully mined blocks will halve from 6.25 coins to only 3.125 in April. While this may be exciting for investors, who expect the supply shock to drive forward price pressure, for miners the halving represents a significant drop in revenue. From April, their reward for earning BTC will be cut in half. Unless the price of BTC doubles, they will be earning less than they did pre-halving. The current surge in mining might be miners deciding that the next two months are an opportunity to maximize BTC accumulation given higher block rewards. The rising price of BTC boosts this proposition.
According to research released in the last week by Galaxy Digital, 20% of the current miners could go offline after the Bitcoin halving. This is because only the most efficient operations will be able to survive in the post-halving environment. Analysts using data from Coinmetrics write, ”We estimate that roughly 15-20% of the network hashrate at the conclusion of 2023 (86-115 EH) could come offline at the time of the halving.” They make these estimations based on transaction fees being 15% of miner rewards and the price of BTC being US$45,000.
Additionally, Galaxy expects several older Bitcoin mining machines, including — the extremely popular Bitmain S9, Canaan’s A1066, and MicroBT’s M32 models — will have to be shuttered post-halving.
Subscribe for updates here: https://bravenewcoin.us8.list-manage.com/subscribe?u=3bcee1ef2023cd3e45524e325&id=d7fa8797a2
Larry Fink is now very pro- Bitcoin, which likely means the US gov't will be involved, which means the main appeal of crypto - decentralization, could be lost.
Demography & the now inescapable central bank debt cycle. The only solution for nations is to escape the cloud of fiat currencies that go along with money-printing in the US: only able to cover the newly accumulated interest on US gov't debt. The only apparent solutiona are either to exit that USD currency cloud (via BRICS), or smash everything in a global war. Thus the push to draw Russia into WW3. There's one further solution, profound & elegant: Bitcoin. Why? Because it's a dispersed network, ie. not centralized, is outside fiat currencies, & thus cannot be controlled by governments. Unless of course oligarchs or gov'ts 'modify' it, allowing centralization, & control.
Changa your content never disappoints!!! 👍