Turning Oil Into Bitcoin (Hyperbitcoinization)
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In this video, I discuss how countries with significant energy resources will increasingly use those resources to mine Bitcoin. It makes much more sense to recycle oil profits into Bitcoin, rather than holding them in Treasuries, which are a poor inflation hedge and subject to US government censorship.
What this means is that Bitcoin global adoption will continue to rise, as individuals, corporations, and even entire countries pursue their own self-interest.
Not investment advice! Consult a financial advisor.
Abu Dhabi:
https://en.wikipedia.org/wiki/Abu_Dhabi
Masdar City:
https://en.wikipedia.org/wiki/Masdar_...
Major Foreign Holders of Treasury Securities:
https://ticdata.treasury.gov/resource...
CPI chart:
https://fred.stlouisfed.org/series/CP...
Top UN court rejects Iranian bid to free assets frozen by US:
https://apnews.com/article/united-sta...
Marathon Teams Up With Abu Dhabi's Zero Two for Middle East's First Large-Scale Immersion-Cooled Bitcoin Mining:
https://www.coindesk.com/business/202...
https://twitter.com/BitcoinMagazine/s...
White House Attacks Bitcoin Miners (Your Industry Is Next):
• White House Attac...
Bhutan Mining Bitcoin (For Years):
• Bhutan Mining Bit...
Bhutan expanding its mining operations:
https://www.globenewswire.com/news-re...
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#crudeoil
#bitcoinmining
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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