Bitcoin supply crunch incoming, it's still early, ETF ads hit Google, local Bitcoin action - Ep.26

10 months ago
162

Today’s Bitcoin news update!

PRICE:

We are now above $43k! So for now we have held the support range which exists from $40-42k.

#bitcoin has monetized just 0.09% of global wealth. You’re not late. LINK: https://primal.net/e/note190382uqm56je8ft4qqmga3rrg9egtvkz3ht55spzq3keeye4qneqxk96ql

You have to look at all the news to see the pieces of the puzzle. The opinion is not important here. The fact is, and that fact is…. “Bitcoin exchange balances have nosedived by over one million BTC since 2020.” Most just don't get the supply crunch incoming and the fact that it will likely begin on 4/20 is just gravy on the entire plate! LINK: https://primal.net/e/note1wjp6ltfxpaaexl60jwd966j09ku9gan30m0aufw3y6xxslaeagwsm8edpj

Bullish times:
- Halving in 79 days
- #bitcoin back over $43k
- Google allows for #bitcoin ads from today
BlackRock ETF inflow is bigger than Greyscale outflow
LINK: https://twitter.com/BTC_for_Freedom/status/1752023951453102509

ETF:

Bitcoin ETF ads may appear on Google starting Monday, community speculates. LINK: https://cointelegraph.com/news/bitcoin-etf-ads-google-crypto-community

JUST IN: BlackRock and VanEck have started promoting Spot Bitcoin ETFs on Google in the wake of the latest policy update. LINK: https://twitter.com/bitcoin_scoop/status/1752030431711809632

JUST IN: 🇺🇸 $1.6 trillion Franklin Templeton is now advertising their spot #Bitcoin ETF on Google 👀. LINK: https://twitter.com/BitcoinMagazine/status/1752029430967386572

Hong Kong SFC receives first spot Bitcoin ETF application
After the spot BTC ETF approval in the U.S., Hong Kong looks to follow, as 10 financial institutions in the country intend to file to launch BTC ETFs. LINK: https://cointelegraph.com/news/hong-kong-sfc-receives-first-spot-bitcoin-etf-application

🏦 Coinbase Nears Historic 1 Million Bitcoin Milestone Amid Rise in Reserves and ETF Activity. Recent data reveals Coinbase Global is on the brink of holding 1 million bitcoins, requiring just an additional 5,019 bitcoins to cross this significant milestone. In the preceding fortnight, Coinbase has witnessed its bitcoin reserves grow by 16,404 bitcoins, inching closer to this noteworthy threshold. LINK: https://primal.net/e/note1j88xxyj8tkqvmrgc92dcw2rm8ldjq5vjpx9rxfw8mkrrmfakl83sml4ffa

LOCAL BITCOIN COMMERCE:

I’m loving making content about this #bitcoin bakery. This is the (second to) last one, I promise. Support @Botev the Bulgarian bitcoin football team! The bakery now sponsors them 😃. LINK: https://primal.net/e/note1az3aesyy0vssrtxnmfvh9v3u8sym4me5jjvj0fxp3cpaareyxqyq333n2u

✨ Exactly 2 years ago today, the IMF calls on El Salvador to stop supporting #Bitcoin. Since then, President Nayib Bukele has been mining with volcano energy, raised $1 billion with #Bitcoin bonds, and bought over 2,300 #BTC. Legendary 🇸🇻 @Rizzo. LINK: https://primal.net/e/note125gjcw2vunnxaasmutyc6h9umpf0mvcw7eln922l9kaxxavdw49skdu7ns

ENVIRONMENTAL:

"Our entire modern civilization is because we can harness energy... Bitcoin doesn't waste energy. It actually uses waste energy." -
@DylanLeClair_ . LINK: https://twitter.com/TFTC21/status/1752040160546676967

BITCOIN MINING IS CLEANING UP COAL DUMPS IN THE USA: What if you could clean up 4 million tons of coal waste while saving taxpayers $5 billion dollars? That's exactly what this Bitcoin company is doing in the USA in Carbon County, Pennsylvania. LINK: https://bitcoin.rocks/news/environment/bitcoin-mining-cleaning-up-coal-dumps-usa-pennsylvania.html

WALLET:

ZEUS v0.8.1 is now available.

* Standalone Point of Sale w/ inventory management
* Nostr contact import
* Persistent LND [Android only]
* Node/account reordering
* Improved expiry display
LND v0.17.3
LINK: https://primal.net/e/note12ja9uura9ds0g90hagmr572u7h7ul9zg3gtzvwhxnen6nnzyde2sdlz203

EVENTS:

ANNOUNCEMENT: #Bitcoin Asia dates have been confirmed for May 9-10, 2024 💥. LINK: https://twitter.com/TheBitcoinConf/status/1749251722479063419

GOOD READING:

If you want to know what was before #Bitcoin and how lucky we are that the things happened in a row that it made possible to even its exist it's fascinating! The Genesis book is a great written one. 🧡🔥🤙. LINK: https://primal.net/e/note1aasp3kmhggd3jhvyf2pgdzf5dmzdem5rhus8984jzy3drtdnwtfq8tyzuf

BITCOIN SOLVES THIS:

Every single time in the history of mankind, civilisation has collapsed when money became political. LINK: https://primal.net/e/note1qz8z8zymtxj2m96xnkwyst9hzu32t0euv74tgl8yfw4qs2sg5qdq62hyt8

Subscribe to Fractal Bitcoin for your daily Bitcoin news!

…and share our channel with that one friend you have that would probably love quick Bitcoin news every day ;)

Join our Locals community — https://fractalbitcoin.locals.com/

Loading comments...