🛟 A Lifeline

Happy Friday, In A Nutshell this week:

• 🛟 Bitcoin is a lifeline

• 💼 Business Adoption Grew by 30% in 1 Year

• 🌍$2.9 Million Per Coin

• …and much more

 🚀⏰ Today’s news should be a ~3.66-minute read (579 words).

🧠 Quote Of The Week

Delusional optimism is a minimum requirement to do something amazing

– Notes To Strangers

🛟 Bitcoin is a lifeline

María Corina Machado, Venezuelan opposition leader, discusses Bitcoin as a "vital means of resistance" for Venezuelans suffering from hyperinflation under the Chávez and Maduro regimes in an exclusive interview with the Human Rights Foundation.

She talks about how Bitcoin has been a tool of liberation and how, in the future, the country will rebuild its reserves with BTC.

📚 Read here

📺 Watch here

💼 Business Adoption Grew by 30% in 1 Year

River released a new report this week which covers business Bitcoin adoption so far, current adoption based on public data, case studies of 7 companies using Bitcoin, why business treasuries lose value, Bitcoin's role as a treasury asset, and River-specific insights.

Another great report by River: Why Business Bitcoin Adoption Grew by 30% in 1 Year.

🤝 TLDR Thread

🤓 Full Report

💳 Mastercard Debit Card

Mastercard has launched a euro debit card enabling direct spending of Bitcoin and crypto from non-custodial wallets at its over 100 million merchants. The move reflects Mastercard's expanding efforts to bridge Bitcoin with its traditional payments network.

However, this does have fees, including a €1.6 issuance fee, €1 monthly maintenance fee, and a 0.95% transaction fee. 

🌍 $2.9 Million Per Coin

Vaneck’s digital assets research team outlines their assumptions for a scenario in which Bitcoin could reach $2.9 million per coin by 2050, driven by its adoption as a global medium of exchange and a reserve asset.

It is conceivable that by 2050 Bitcoin could be used to settle 10% of the globe’s international trade and 5% of the world’s domestic trade. This scenario would result in central banks holding 2.5% of their assets in BTC according to the report.

🍿 BC Backstage

We’re deploying a bunch of tools to our Genesis community this weekend.

We have found those new to Bitcoin respond well to simple interactive charts and calculators etc to understand complex or misunderstood topics.

We’ll be adding more tools over time.

Do you know someone who wants to learn about Bitcoin without the techie jargon? Send them to Genesis🤝

🔥 What else have you missed?

1. Is Bitcoin a Ponzi scheme? Read here

2. No one is ready for the biggest hack in history.

3. Donald Trump and Kamala Harris campaigns are both in contact with Coinbase as they develop their crypto policies.

4. Traditional finance will "all go head first into Bitcoin" under better regulation.

5. The largest Swiss Canton bank now offers Bitcoin to 1.5m customers.

6. Bull Bitcoin is launching in France. The bitcoin-only non-custodial buy and sell services will be available within 2 months.

7. “America is in the fast lane to bankruptcy.”

8. Russia Legalizes Crypto Mining and Brings an Experimental Regime.

9. The Bitcoin Act - BTC in U.S. Reserves?

🍾 Friday Fun!

This week’s crossword is now live - Play here

🧞‍♂️ Your wish is our command