🔥 Fidelity Are On Fire

This Week’s Big Stories

• World Bank Warming To Bitcoin?

• Fidelity Are On Fire

• El Salvador Have Upgraded

🌍 World Bank Warming To Bitcoin?

The World Bank Group published a report this week looking at ‘Financing Solutions to Reduce Natural Gas Flaring and Methane.’

Bitcoin was mentioned 39 times in this report using examples from Crusoe Energy Systems showing that value can be recreated from what would be otherwise flared gas, aligning financial incentives with environmental responsibility.

The bulk of the Bitcoin content starts on page 118 for those interested in reading.

🔥 Fidelity Are On Fire

Not literally but the Bitcoin content being churned out of the research department at the 3rd largest asset manager in the world in recent weeks has been pure signal.

Fidelity released Persistent Bitcoin Criticisms which addresses nine of Bitcoin’s most commonly misunderstood areas. Such as: “Bitcoin is wasteful and/or bad for the environment.” or “Bitcoin is not backed by anything.” Give it a read and see what you think.

🇸🇻 El Salvador Have Upgraded

El Salvador's financial report card just got a tiny bit shinier! S&P, kind of like the strict teacher who never smiles, decided to up their grade from a "Could Do Better" CCC+ to a "Getting There" B-. It seems like the Bitcoin experiment in El Salvador is becoming less risky as the days go on.

“Growth has continuously surprised to the upside” -J.P. Morgan

🔥 What else have you missed?

1. Custodia release whitepaper. The non-lending bank headed up by Caitlin Long and built by Bitcoiners offers segregated accounts on a custom-built Bitcoin custody platform.

2. 83% of all bitcoin in profit. According to Plan B, 83% of all bitcoin is in profit (some 2021 ATH buyers are still in loss, everybody else in profit).

3. SEC is having trouble hiring Bitcoin and crypto experts because of a rule that they must sell their assets.

4. New Guest Blog: ‘What the Lightning Network shares with the Smartphone Camera’ by David Pool

🍾 Friday Fun

We're shaking things up! Our weekly crossword is branching out of Bitcoin. More variety, more fun, and way more chances for everyone to jump in and play along.

Kicking off with ‘World Capitals’ as the theme this week - Play Here

🧞‍♂️ Your wish is our command

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Until next week ✌️,

BC Team