Today’s Nuggets
Florida’s CFO Urges to Invest in Bitcoin
Microsoft Bitcoin Vote Starts
The Best Time to Invest in Bitcoin
Visa and Coinbase Partner for Instant Crypto Buys on Debit Cards
Average BTC Mining Cost Hits $76,500
The Finkster Stacks
OTC Supply Getting Tight
Someone Snagged $43M Bitcoin
This story is big, as things are pretty nutty out there.
Maybe it is just a crazy season with Halloween coming up, but the main thing I will try to address today is why Bitcoin is not skyrocketing. I will cover how much the ETFs are gathering and some crazy game theory from the 16th biggest nation that wants to stack Bitcoin.
Michael Saylor came out on building Bitcoin bridges.
He said that every billionaire will buy a billion dollars of Bitcoin and the supply shock will be so great that we will definitely stop measuring Bitcoin in terms of fiat.
This has been my thesis for Bitcoin since 2017: due to the hardness, there will be a supply shock. I am glad to see Saylor talking about it.
Once this thing catches on, things will go crazy!
Jimmy Patronis, CFO of the state of Florida, urges the state to invest in Bitcoin.
This is a big breaking story…
Jimmy Patronis wrote a very detailed two-page letter explaining why…
This guy is essentially on a bent knee, talking to Ron DeSantis and other players, saying now is the time to start buying Bitcoin. Florida can change its pension scheme if it allocates to Bitcoin.
This is more game theory as Florida is the 16th largest nation on Earth if you measure their GDP. California is five and Texas is number six, which will soon eclipse California.
This could be another little tailwind if they can find a way to make small money payments in Bitcoin tax-free, like something under $500.
This would be
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