Why Sovereign Nation States May Begin Acquiring Bitcoin In 2022
Bitcoin has grown from being ‘internet money’ used by only a few thousand people during its first few years to being part of the balance sheets of big companies and sovereign states. El Salvador is a case in point for a country that has committed fully to the bitcoin mission, putting millions of dollars into the digital asset as a national reserve. While bitcoin is still a long way from being the de facto reserve currency of all countries, its growth points to countries not being able to ignore it for much longer. That’s why it is expected that more nation-states will purchase the....
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On-chain data shows Bitcoin miner reserve has showed a sharp spike recently, suggesting that miners are currently loading up on the crypto. Bitcoin Miner Reserve Shoots Up; Trend Of Accumulation From Last Year Continues As pointed out by an analyst in a CryptoQuant post, the BTC miner reserve has shown strong uptrend recently. This seems to be a continuation of the accumulation trend from the last year. The “miner reserve” is an indicator that tells us the total amount of Bitcoin currently stored in the wallets of miners. When the trend in the metric is towards up, it means....
Bitcoin has dominated the digital payments space for the longest time and continues to do so. However, this dominance is on the decline as more altcoins are being chosen as the preferred digital currencies for payments. This has mainly been due to cheaper fees resulting from network congestion when the price gets too high. Instead, cryptocurrencies whose fees can range from a few cents to fractions of a cent are now favored by merchants. Altcoins Are Taking Market Share From Bitcoin Crypto payments processor BitPay recently released a report outlining the percentages each crypto commanded....
Liberland is a sovereign nation that has represented a physical presence of Bitcoin adoption and usage since 2015.
As companies adopt Bitcoin, they will begin to gain new levels of leverage over the state and amplify their ability to do commerce globally. The post The Sovereign Company Thesis appeared first on Bitcoin Magazine.
New Jersey is known for many things. As a burial ground for New York mobsters. Home to an impressive array of environmentally toxic factories. Atlantic City is the established gambling capital of the Eastern United States. Newark, New Jersey: one of the United States's most criminal-minded cities. And a catchy state tourism jingle "New Jersey and You. Perfect Together!". Now you can add one more feature to its impressive resume. New Jersey is ready to begin the double taxation of New Jersey residents who own and use Bitcoin for retail transactions. As someone who lived in New York for over....