April 29, 2024 at 8:48 AM GMT+10
Bitcoin (BTC) ETF Bandwagon Heads to Australia After $53 Billion Haul in US - Bloomberg
Musing = Maybe that Portfolio of BTC etf 1% weighting is on the Aust 'investment' Horizon.
Saw this post on Coinspot about the Bitcoin halving coming up on the 20 April.
https://www.coinspot.com.au/bitcoinhalving
Interesting down the bottom of the page they had the previous Bitcoin halvings and the price 6 months later.
What do people think?
John
What are people's thoughts on the potential "Gamma Squeeze" that might occur for Bitcoin on the 29 March 2024?
The article says it could cause Bitcoin to go up massively on that day.
The US federal treasury is looking to introduce a 30% excise on electricity used for "digital asset mining", which would theoretically require miners in the US to report how much electricity their PC resources used and how much they paid for it.
One of the primary bear cases (in my opinion) for the cryptocurrency space is the insane amounts of energy we devote to mining (for those interested, accounts for 2.3% of all electricity in the USA). Globally, you say? 20GW, which is scarily close to Australia's total current demand for energy across the board.