F&G: 83
Price: $99 – 102k (or) £78 – 80
Hashrate: 764 EH/s
Nodes: 20,901
MSTR Price: $397 – $415

Tomorrow we should expect to see whether MSTR has made it to the Nasdaq listing. Rumour is is that they have. All we need now is confirmation.

There’s been a lot of developments around Bitcoin recently. Here is a list of some of the biggest developments in recent days:

• Texas announces a Strategic Bitcoin Reserve
• Blackrock recommends a minimum 2% Bitcoin allocation
• Putin declared that nobody can stop Bitcoin. It’s widely rumoured, and probably, that Russia is mining Bitcoin. In fact, it’s almost a certainty due to game theory.
• Saudi Arabia is rumoured to be building a Bitcoin Reserve to compete with the US.
• El Salvador found a couple trillion dollars worth of gold. They may begin mining and selling it for Bitcoin (massive speculation).
• The same thing also happened with China. There is a lot of gold FUD right now.
• El Salvador agreed to an IMF loan deal to not make bitcoin payments within El Salvador mandatory. Instead, they have agreed to keep them voluntary. The deal was struck in order for El Salvador to have access to global credit markets.
• ECB has lowered interest rates to 3%.
• The Bank of England has come out and said that it will be keeping the identities of shadow banks who use a new BoE instrument (money printing) secret. This has come out in recent days over fears around insurers, pensions and hedge funds. Your pensions is once again at risk and I suspect something big could be coming in 2025.
• Annual US inflation has hit 2.7% and is once again warming up.

In closing, there are developments happening every day in regard to Bitcoin. But there are also signs that the system is beginning to crumble. It was only last year that a spate of bank collapses in the US occurred and by all metrics, the US should have been defined as in recession. Personally, I think the recession already happened, but the consequences are yet to play out. The UK, on the other hand, has been stagnant since ’08, and currently, we are watching the bond market – the motherload of financial markets – implode. As Ray Dalio recently said:

‘I want to steer away from debt assets like bonds and debt, and have some hard money like gold and bitcoin.’