🤔 It’s Not About Tariffs

Happy Friday, In A Nutshell this week:

• 🤔 It’s Not About Tariffs

• 🇵🇰 Pakistan Turns to Bitcoin Mining and AI

• 💳 Kraken x Mastercard

• ✊ Bitcoin Humanitarian Alliance

• 🇬🇧 Why the UK Is Losing the Bitcoin Race

• …and much more

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

 🚀⏰ Today’s news should be a ~4.07-minute read (590 words).

🧠 Quote Of The Week

“Service to others is the rent you pay for your room here on earth.”

– Muhammad Ali

🤔 It’s Not About Tariffs

In a big week of market meltdown, then back up due to Trump’s tariff negotiations. Ray Dalio says the real issue isn’t tariffs; it’s America’s fiscal trajectory.

He warns that the U.S. is on an unsustainable path, with rising deficits weakening its global position. Urging the government to get the deficit below 3% of GDP and strike a deal with China instead of escalating tensions.

Big message from one of the world’s top investors in a new article: this goes way deeper than trade.

🇵🇰 Pakistan Turns to Bitcoin Mining and AI

Pakistan is set to allocate its surplus electricity to power Bitcoin mining and AI data centers, aiming to address high energy tariffs and overcapacity in its power sector. The Pakistan Crypto Council is in discussions with multiple mining firms to establish operations in regions with excess power supply.

In a strategic move, Changpeng Zhao (CZ), founder of Binance, has been appointed as an adviser to the council.

💳 Kraken x Mastercard

Kraken has partnered with Mastercard to allow users in the UK and Europe to spend Bitcoin at over 150 million merchants worldwide.

This collaboration includes the rollout of physical and digital debit cards linked to users' crypto balances. Kraken Pay, which launched three months ago, has already attracted over 200,000 users.

✊ Global Nonprofits Form Bitcoin Humanitarian Alliance

This week in London, twelve nonprofits have come together to launch the Bitcoin Humanitarian Alliance, using Bitcoin to support civil liberties and deliver aid where traditional systems fall short.

Founding members include the Human Rights Foundation, CANVAS, Save the Children, Anti-Corruption Foundation, Bitcoin Policy Institute, Ideas Beyond Borders, Digital Citizen Fund, Voluntad Popular, World Liberty Congress, Democracy Lab, Ríos de Pie, and Groundswell.

A powerful reminder that Bitcoin is more than just a financial asset, it’s a tool for freedom.

🇬🇧 Why the UK Is Losing the Bitcoin Race

This is a straight-talking, UK-focused episode with Robin Thatcher, also known as The Bitcoin and Crypto Accountant.

We dive into:

💸 How Bitcoin is taxed for businesses vs individuals

🏠 How to gift Bitcoin to your kids (properly)

📉 Why UK businesses are quietly moving abroad

⚡️ ...and lots more

The episode, along with last week’s with Alan Smith, is available here: Apple Podcast, Spotify, YouTube

🔥 What else have you missed?

1. Bitcoin as a business asset - what every business should consider.

2. VanEck confirms that “reportedly”, China and Russia are settling energy trades in Bitcoin.

3. A Bitcoiner interviews an opposition politician in El Salvador.

4. Bitcoin is a store of value: The treasury secretary of the U.S.

5. The Department of Justice will no longer peruse enforcement cases against Bitcoin and crypto exchanges, mixers or offline wallets “for the acts of their end users.”

🍾 Friday Fun!

This week’s crossword is now live - Play here

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