Bitcoin

I was in my freshman physics class (in the mid 2000s) when a fellow CS major wouldn't shut up about bitcoin. He said he bought ten and that it was going to be the future of money.


I didn't listen to him.
When Satoshi Nakamoto released Bitcoin’s software in January 2009, there were only two ways to obtain bitcoin — by mining it yourself or arranging a peer-to-peer (P2P) trade via a forum like Bitcointalk, which Nakamoto founded to host Bitcoin-related discussions. In those days, mining required far less computing power than it does currently and could be done on a personal computer. At the time, bitcoin was more accessible to those who were interested, but getting it still required some technical knowledge.
 
GameStop (GME) announced today that it has officially bought 4,710 bitcoins, worth more than half a billion dollars, as the video game retailer began its crypto purchasing plan in a similar move made famous by MSTR.

The purchase, its first investment in bitcoin, was worth $512.6 million with bitcoin’s price of $108,837 Wednesday.
 
I'm a wee bit surprised STRK and MSTY were up today given BTC is down a few % over the past few days.


Eddie
 

JPMorgan to Offer Clients Financing Against Bitcoin & Crypto ETFs

JPMorgan Chase & Co. plans to allow its trading and wealth-management clients to use cryptocurrency-linked assets, including spot Bitcoin and Bitcoin ETF's, as collateral for loans, according to Bloomberg.

This is the game changer, but etf's are just the start. When we have the ability to use smart contracts to collateralize loans, with reasonable and straight forward interest rates, cash flow from Bitcoin becomes as easy as clicking a few buttons. 21 Capital is one to watch as well.

 
Never heard of this story until just now, but thought others might enjoy reading it.

Just might be the ultimate, "why didn't I think of that?" Story HERE.

They are on pace to give Peter Lynch a room for his investment king title.


Eddie
 
Interesting article and reason for why they are adding btc to their balance sheet.



Sent from my iPhone using Tapatalk
Interesting that they wouldn’t start accepting BTC for payments as part of this strategy.
 
Norway's publicly traded Green Minerals AS announced the introduction of a Bitcoin reserve strategy with up to $1.2 billion in funding. A formal announcement was made about starting to purchase Bitcoin to prepare for "rising inflation and geopolitical uncertainty. The company stated it is working to strengthen future competitiveness by introducing blockchain technology alongside supporting its core business operations.

 
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