⌛️ About Time

ALSO: The big boys want in; Monthly Block DCA; European bank dips its toe; Bitcoin for Corporations; Joe Biden’s economic advisors struggling with the basics.

Happy Friday - Here is your In A Nutshell from The Bitcoin Collective⚡️

This Week’s Big Stories
  • The big boys want in

  • Monthly Block DCA

  • European bank dips its toe

  • Bitcoin for Corporations

  • Better late than never

🍿 The big boys want in

The coming months could see financial institutions such as sovereign wealth funds, pension funds and endowments start to trade in the spot ETFs, Robert Mitchnick, head of digital assets for BlackRock said in an interview this week.

BlackRock is apparently seeing “a re-initiation of the discussion around bitcoin,” which turns on the topic of allocating to bitcoin and how to think about it from a portfolio construction perspective.

🤑 Monthly Block DCA

Block will invest 10% of its gross profit from bitcoin products each month into purchasing the asset, CEO Dorsey wrote in a shareholder letter.

"We believe the world needs an open protocol for money, one that’s not owned or controlled by any single entity," Dorsey said in the note.

🏦 European bank dips its toe

The second largest European bank, BNP Paribas reports exposure to Bitcoin ETF in a 13F filings.

While BNP's roughly $40,000 investment is relatively small, it signifies a dipping of their toes into the Bitcoin waters via an ETF. A big move for one of the largest banks in Europe.

Source: Bitcoin Magazine

⚡️ Bitcoin for Corporations

MicroStrategy World: Bitcoin for Corporations 2024 is being held this week. An event for corporate leaders, financial executives, and technology innovators to discuss the future of Bitcoin in the corporate world.

MicroStrategy revealed its latest innovation, a decentralised identity (ID) platform built on the Bitcoin network, named MicroStrategy Orange.

There is lots of content from this event. Here is Saylor to kick you off.

⌛️ About Time

Coinbase is rolling out support for the Lightning Network enabling instant, low-cost bitcoin transfers. Users will have the option to choose between using Lightning for faster and cheaper bitcoin transactions, or processing their transaction on the baselayer.

Despite the Lightning Network being around since 2017, Coinbase took the time to add this improvement to its platform. Better late than never!

🔥 What else have you missed?

1. Joe Biden’s economic advisors struggling with the basics.

2. Unchained releases new Bitcoin commercial.

3. Hong Kong ETFs see a “BIG” start according to a senior Bloomberg analyst.

4. Human Rights Foundation Oslo Financial Freedom Track lineup is released.

5. Early Bitcoin Investor Charged with Tax Fraud.

6. Kenya means business as they explore Bitcoin mining with Mara.

🍾 Friday Fun!

This week there is no theme, it’s a free-for-all - Play here

🧞‍♂️ Your wish is our command

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Until next week ✌️,

Jordan & The BC TeamI