❓$100k, What Next?

Happy Friday, In A Nutshell this week:

• ❓$100k, What Next?

• 🇨🇭 Shifting the Overton Window

• 🌳 Cornell University: Peer-Reviewed Paper

• ⏳ Bitcoin Elevator Pitch

• 👾 White House A.I. & Crypto Czar

• …and much more

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 🚀⏰ Today’s news should be a ~4.02-minute read (614 words).

🧠 Quote Of The Week

“There is only one way to avoid criticism: do nothing, say nothing, and be nothing.”

– Aristotle

❓$100k, What Next?

I highly doubt anyone missed this but in case you’ve been living under a rock, Bitcoin hit $100k for the first time in history.

Overcoming this milestone and psychological barrier now cements it as something that cannot be ignored and ultimately silences the critics.

Happy $100k everyone!🎉 The next big milestone is $1 Million.

Marty Bent wrote a brilliant piece (5 min read) called “The Beginning Has Come To An End”.

🇨🇭 Shifting the Overton window

Following on from the approval of a proposal to explore Bitcoin mining as a solution to excess energy utilisation and power grid stabilisation. The parliament of Canton in Switzerland narrowly rejected a proposal for a comprehensive pro-Bitcoin strategy.

- 77 to 66 votes against giving citizens the choice to pay taxes in Bitcoin

- 84 to 60 votes against giving state employees the choice to receive a part of their salary in Bitcoin

- 77 to 65 votes against establishing a Strategic Bitcoin Reserve

Member of Parliament, Samuel Kullmann stated “We came close and the Overton window has shifted dramatically.”

Samuel is coming on our podcast this weekend, make sure you’re subscribed to get a notification when it comes out: Apple Podcast, Spotify, YouTube

🌳 Cornell University: Peer-reviewed paper

A recent peer review paper by Cornell University shows Bitcoin mining is profitable in 96% of renewable installations, and these profits are already contributing to the energy transition.

Some of the key findings included Bitcoin mining being profitable in 80 out of 83 planned [renewable energy] installs and profits from Bitcoin mining can empower energy transition in the US. 

⏳ Bitcoin Elevator Pitch

Michael Saylor released his 3-minute presentation which he presented to the Microsoft Board of Directors, articulating why the company should “do the right thing” and adopt Bitcoin.

This comes ahead of Microsoft’s shareholder vote about investing in Bitcoin on the 10th of December.

👾 White House A.I. & Crypto Czar

U.S. President-elect Donald Trump on Thursday said he was appointing former PayPal, Chief Operating Officer David Sacks as his "White House A.I. & Crypto Czar," another step towards overhauling U.S. policy.

"He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.," Trump said in a post on his social-media site Truth Social, without saying whether "czar" was an official title.

🔥 What else have you missed?

1. Financial Times: ‘Hodlers: an apology’.

2. Joe Hall responds to the above FT article.

3. Michael Saylor on Fox News.

4. Ego Death Capital led a US$3mm Seed round into Bipa, a Brazilian digital banking app fintech

5. Fed Chair Jerome Powell says Bitcoin is a competitor to gold, not the US dollar.

6. Virgin Voyages Introduces 'Industry-First' Bitcoin-Payment Option for Cruises.

7. One of the world’s biggest Bitcoin miners is buying a wind farm to power its operations.

8. Jack Dorsey-backed Bitcoin VC Recursive Capital Announce Fund I First Close to Support Bitcoin Companies in Africa.

9. How the MicroStrategy flywheel works with James Lavish.

10. No capital gains tax on bitcoin has just been passed in The Czech Republic.

🍾 Friday Fun!

This week’s crossword is now live - Play here

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