Today’s Nuggets
Bitdeer Targeting 60+ EH/s and HPC
The Michaels Are Scheming
Dell’s Cookie Monster
Bitcoin Billionaires
Marathon is Hitting Finland
German Federal Criminal Police Selling Bitcoin
Winklevoss Twins Drop 31 BTC on US Presidential Candidate
Elon’s Plan for Twitter Payments Does Not Include Crypto
Global Liquidity is Heading Higher
BTC Exchange Reserves Hit 3-Year Lows
Bitcoin, Summer Solstice, and the Full Moon
This story is about connective tissue and how everything is interrelated, which is important to understand.
This is a bizarre and complex tapestry that attempts to understand all of these connections better. We will look at the ‘B's today: BTC bags, billionaires, Bitfinex, Bitcoin, Bitdeer, and Bhutan.
We are exactly where we were yesterday, down 3.8% for June, as Bitcoin just exceeded the $64,100 level.
Rumors have spread that numerous new central banks are buying Bitcoin.
Javier Milei has gone through the Argentina government structure with a chainsaw.
MicroStrategy only tried to fill $500 million and they were oversubscribed by another $300 million. It is the infinite money glitch and MSTR is paying 2% on that debt out to 2032. You borrow the melting ice cube to buy something hard that gets harder every day.
Bitdeer is interesting to me because it also does HPC.
Bitdeer's energy capacity is to be completed by the end of 2025 and is supposed to reach 60 exahash. They will work in Norway, Ohio, Texas, and Bhutan.
Bhutan is interesting as it will be a new site and forecasting nearly 30 exahash in Bhutan.
Suppose Bitdeer can move from 7 to 60 exahash, which would be nearly 800% growth.
This would be more growth than any other miner on the list and make Bitdeer one of the top miners on the planet.
The question is, can they do it?
Bitdeer has a few aces in the hole. For one, It makes its rigs, which is very special. Bitdeer is also involved in AI compute inference.
Here is a thread between Michael Dell and Michael Saylor that was made public on Twitter.
The point is that they are reconnecting and talking. Anybody who sits down with Michael Saylor gets what is referred to as "orange-pilled."
Michael Dell reposted this statement by Michael Saylor.
Michael Dell also popped up the cookie monster (an AI-generated image).
When you are a billionaire like that, you can play around and have fun, but you do not want to destroy your character by misleading people.
Odds are
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