Total Bitcoin ETF flows are currently at $55 Billion. To give an idea how tiny that is, Norway's Sovereign Pension Fund GPFG has $1.9Trillion AUM. When they act on Larry Fink's advice of a 3% allocation to Bitcoin, they will have $57Billion Bitcoin exposure, eclipsing the entire value of all EFTs cumulative into Bitcoin. image Once Sovereign Funds, Pension Funds and Family Offices start allocating in earnest, then the real needle-moving stuff starts happening on the financial side. We are still so early.
I've done three online sessions for friends and acquaintances interested in knowing more about bitcoin. Most of them now have bitcoin. I love getting messages like this from them: "Be more I study it the more I see it as a technology to assist in solving so many of the world's issues ... hence I'm at peace if it goes to zero as it's a vote for the people and planet and peace. I'm looking to start moving more of my time and energy into it. I want to be part of the solution."
Bitcoin has not been declared dead since Finance "journalist" Rafi Farber's hilarious eulogy in April 2024 We may need an obituary for Bitcoin obituaries. image
Rare photos of Bitcoin mining in Bhutan Amazing how a tiny land footprint, no eWaste (all rigs are recycled), no water footprint + 100% renewable energy just contributed 40% of Bhutan's GDP, funds environmental and infrastructure initiatives such as their airport rebuild. They even used Bitcoin to raise the salaries of govt workers by 50-65% Any country with surplus energy can copy from Bhutan's playbook, but I'm happy its nations like Bhutan, El Salvador, Paraguay, Ethiopia who are discovering this first because it's helping to address global wealth inequality one nation at a time. image
In its blog today, IMF just penned some 2021vintage energy FUD about Bitcoin "Bitcoin uses as much energy as <insert your favorite country>" Mainstream media and the scientific community no longer use this claim. Why? Because it is a known misleading statistic. Much of Bitcoin's energy usage is from stranded, wasted sources that others cannot utilize. It has also been shown in 22 peer reviewed papers and 7 independent studies to stabilize and decarbonize grids, mitigate methane and lower electricity prices and is 52.4% sustainably powered (unlike the much lower sustainable power mix of the banking industry, and gold mining - which Bitcoin provides viable and technologically superior alternatives to) source: Contrary to the implications of this tweet, Bitcoin has 19 well documented usecases that create value to society. source: Important context: Bitcoin threatens IMF with disintermediation in 5 ways which I have categorized previously here --> and IMF has a reputation for openly opposing Bitcoin, repeatedly citing "concerns" that have consistently failed to materialize. (source: ) Its perspective on Bitcoin is neither neutral nor objective. image
Thereโ€™s a video that recently went out about bitcoin mining in Granbury. It got 1.4Million YouTube views and contained a significant amount of misinformation. The environmental FUD hasnโ€™t stopped, itโ€™s just morphed. Hereโ€™s by dissection of what i would call propaganda-dressed-up-as-journalism.
Looks like Iโ€™ll be posting more on Nostr and less on Twitter coming up.