🇪🇺 Bet On Freedom

ALSO: HRF Development Fund grants 7 Bitcoin; El Salvador accelerates Bitcoin buying; A Jeff Booth episode like no other; BlackRock produce a Bitcoin explainer video.

Happy Friday, In A Nutshell this week:

  • 🇪🇺 Bet On Freedom

  • 🌎 HRF Development Fund

  • 🍿 Bitcoin and Global M2

  • 🇸🇻 El Salvador Accelerates Bitcoin Buying

  • 🤔 Why Bitcoin Matters More Than You Think

  • …and much more

If you enjoy the newsletter, please pass it on to a friend, you can earn free sats (see bottom of the email).

 🚀⏰ Today’s news should be a ~3.97-minute read (610 words).

🧠 Quote Of The Week

Strength does not come from winning. Your struggles develop your strengths.

Arnold Schwarzenegger

🇪🇺 Bet On Freedom

European Parliament Member from France, Sarah Knafo, has called on the EU to embrace Bitcoin by establishing national strategic reserves and rejecting the European Central Bank’s (ECB) proposal for a digital euro.

In a video shared on her X account, Knafo advocated for European nations to develop their mining industries and cease increasing taxes on Bitcoin holders. She highlighted Bitcoin as a means to secure freedom and protect citizens from the overreach of centralised financial systems.

🌎 HRF Development Fund

The Human Rights Foundation announced its most recent round of Bitcoin Development Fund grants.

700,000,000 satoshis (7 BTC) currently worth $706,000 at the time of writing, is being granted across 20 different projects around the world focusing on technical education for people living under authoritarian regimes, independent media outlets, decentralising mining, and providing human rights groups with more private financial solutions.

Source: X/@JoeConsorti

🍿 Bitcoin and Global M2

Bitcoin has been tracking the global M2 with a ~70-day lag.

The Global M2 is a broad measure of money supply that includes physical currency, checking accounts, savings deposits, money market securities, and other forms of easily accessible cash.

Is there a heavy pullback on the cards in the short term? Lyn Alden wrote about this relationship between Bitcoin and M2 back in September with her article: “Bitcoin: A Global Liquidity Barometer”

🇸🇻 El Salvador Accelerates Bitcoin Buying

El Salvador struck a $1.4 billion loan deal with the IMF, as part of which the government of President Nayib Bukele agreed that it would scale back its bitcoin policies.

El Salvador said on Thursday it would keep buying Bitcoin, possibly at an accelerated pace.

Stacy Herbert, El Salvador's national bitcoin office director, wrote on X that bitcoin would remain legal tender in the Central American country and that the government would keep adding to its strategic reserves.

Soon after, the country added an extra 11 Bitcoin to their strategy reserve. This is more than 10x their usual daily purchase.

🤔 Why Bitcoin Matters More Than You Think

Our latest episode is with Jeff Booth but this is a Jeff Booth episode like no other. We dive into…

🧠 What in his life shaped him to think differently

 🎯 His entrepreneurial journey

📈 Where are we in terms of Bitcoin adoption?

He also gives insight into what his next book will be about. You don’t want to miss this one: Apple Podcast, Spotify, YouTube

🔥 What else have you missed?

1. BlackRock Bitcoin explainer video.

2. How do we know there will only ever be 21,000,000 bitcoin?

3. Bitcoin Mining Powers Europe’s Energy Transition During Crisis (paywall).

4. Senator Lummis says she wants to give the Federal Reserve the authority to own Bitcoin.

5. BlackRock's gold ETF took 20 years to reach $33 billion AUM; it took their Bitcoin ETF less than a year.

6. Former German Finance Minister publicly criticizes Chancellor Olaf Scholz for failing to incorporate Bitcoin into Germany’s financial strategy.

7. The Sunday Times reports that “MicroStrategy is the most popular buy on Hargreaves Lansdown,” UK’s #1 investment platform.

8. MicroStrategy Enters Nasdaq 100.

9. Bitcoin Lightning Fintech ZBD Approved to Receive EU MiCA License by Dutch Regulator.

🍾 Friday Fun!

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Merry Christmas Everyone✌️🎄,

Jordan & The BC TeamI