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- ⛏️ Mining the Himalayas
⛏️ Mining the Himalayas
ALSO: Gary Gensler will resign as SEC chair; the risk of not owning Bitcoin; Bitkey Inheritance; Record week for our podcast; The UK is falling behind.
Happy Friday, In A Nutshell this week:
⛏️ Mining the Himalayas
🔐 Bitkey Inheritance
💎 Holdin’ On For Dear Life
👋 Gary Gensler will resign as SEC chair
🔥 Record Week For The Podcast
…and much more
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🚀⏰ Today’s news should be a ~3.82-minute read (538 words).
🧠 Quote Of The Week
“Keep on going, and the chances are that you will stumble on something, perhaps when you are least expecting it. I never heard of anyone ever stumbling on something sitting down.”
– Charles F. Kettering
⛏️ Mining the Himalayas
Bhutan is currently generating anywhere from 55 BTC ($3.6 million) to 75 BTC ($4.9 million) every week from its mining operations.
Bhutan's operations are backed by using its previously stranded hydropower resources.
This week the Royal Government of Bhutan sold 367 Bitcoin (BTC), worth about $33.5 million, yet they are still one of the bigger government Bitcoin holders with 12,206 Bitcoin, worth approximately $1.1 billion.
🔐 Bitkey Inheritance
Bitkey, the self-custody wallet from Block, just launched an inheritance feature. It’s designed to help you pass your Bitcoin on to loved ones without compromising security or self-custody principles.
“Bitcoin is a multi-generational asset, and we think Bitkey should be multi-generational, too,” said Jason Karsh, Business Lead for Bitkey.
💎 Holdin’ On For Dear Life
Jurrien Timmer, Director of Global Macro at Fidelity Investments released this chart during the week.
It shows the distribution of Bitcoin wallets by the value they hold.
He comments on how remarkably committed the OGs have been to HODLing, despite three harsh winters and massive profits.
Wallets holding $10 million or more account for over half of all wallets. Now that’s dedication! Posted on Linkedin.
😊 Saylor & MicroStrategy Condensed
Here are all things MicroStrategy and Saylor, there is quite a lot for one week.
🔥 Record Week For The Podcast
We released two episodes on our podcast in the past week, both met with fantastic feedback. Thank you to everyone who is watching and listening along.
The Dominoes Are Falling - Richard Byworth (Ep #166). Apple Podcast, Spotify, YouTube
Why Environmental Investors Are Reconsidering Bitcoin? - Daniel Batten (Ep #165). Apple Podcast, Spotify, YouTube
🔥 What else have you missed?
1. US Senator Cynthia Lummis outlines the Strategic Bitcoin Reserve plan.
2. Gary Gensler will resign as SEC chair on January 20th 2025.
3. The UK is falling behind, wherever you look (Freddie New).
4. Bitcoin miner MARA just raised $1 BILLION to buy more Bitcoin.
5. Satoshi filmmaker stands by the claim that Peter Todd created Bitcoin.
6. Pro-Bitcoin Howard Lutnick appointed U.S. Secretary of Commerce, What Does This Mean?
7. BlackRock says "Bitcoin is NOT a 'risk on' asset".
8. Why everyone should own some bitcoin - the risk of not owning is too great.
9. A Chinese court says that Bitcoin and crypto are property, so holding them is legal.
10. Europe’s 2nd largest insurance company purchased nearly 25% of MicroStrategy.
🧞♂️ Your wish is our command
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Until next week ✌️,
Jordan & The BC TeamI