Today, 40 years ago, the British pound coin was introduced.
It could buy you two loaves of bread (38p), a dozen of eggs (73p), and entire pack of Benson and Hedges cigarettes (2p).
Today it doesn’t even buy you a single stamp (£1.10) after losing 70% of its buying power due to inflation.
🇬🇧 needs Bitcoin
@bitcoins
💤 A bitcoin whale that has been inactive for a decade transferred 279 bitcoins — worth $7.8 million — to three fresh addresses today. It comes a day after another long-dormant bitcoin whale transferred 2,071.5 BTC — worth $60.7 million — yesterday after nine years of inactivity.
@bitcoins
💡 In Sweden and the Netherlands, the warmth from Bitcoin mining is recycled to grow food more sustainably.
@bitcoins
“We’re seeing signs of a spring for Bitcoin,” says Bobby Lee, founder & CEO at crypto wallet firm Ballet.
@bitcoins
🇳🇬 Nigeria's Google search data indicates an 18x increase in buying Bitcoin compared to gold.
@bitcoins
Every time, this indicator is above zero, it leads to a significant price increase.
Now, Reserve Risk Multiple is also above zero... 🤑
@bitcoins
Digital asset investment products saw inflows totaling $114m last week, $104m are $BTC, which is seeing continued improving sentiment for the asset class. This 4-week run of inflows now total $345m.
@bitcoins
⚡ London Stock Exchange to Enter The Crypto Space With Bitcoin Offerings.
@Crypto_News | link
An interesting development over the last 12 months has been the increased correlation between the performance of BTC prices, relative to Gold, the traditional sound money safe haven. This does suggest that an appreciation for both sound money, and the realities of counter-party risk are increasingly front of mind for investors.
💭 Glassnode
@bitcoins
Sec Chair Gary Gensler can't answer a simple question with clarity :- whether in his opinion as Chair of SEC is $ETH a security or a commodity?
📍 Follow @Coins for the hottest news in crypto.
Those who only look at the price of Bitcoin do not see the whole picture.
They should also look at the number of BTC available for purchase (Exchange balances + Future supply).
11/28/2012: 1st halving – 10,499,949 BTC
07/09/2016: 2nd halving – 6,265,755 BTC
05/11/2020: 3rd halving – 5,658,611 BTC
04/18/2023: today - 3,956,881 BTC
@bitcoins
75,000 bitcoin addresses now have over $1 million in balances
This is a twofold increase. compared to 25,000 addresses in January.
Are you buying bitcoin?
@bitcoins
US national debt just hit a record $31.5 trillion, up over $8 trillion since 2020.
Total federal debt per household is now $240,000.
We now have a higher Debt/GDP ratio than post-World War 2, at 120%.
@bitcoins
Bitcoin Ordinals inscriptions crossed 1 million, generating over $4.8 million in transactions fees for the network.
@bitcoins