🍭 The Smarties Table

This Week’s Big Stories

• Happy Birthday To The Whitepaper

• Bitcoin Springs from Gas Wells

• The Smarties Table

🎂 The Whitepaper’s Birthday

October 31st is not only Halloween but the day the Bitcoin Whitepaper was released which is regarded as “one of the most seminal works of computer science in the last 20-30 years; it's poetry.” - Jack Dorsey.

All it took was 9 pages and 3192 words to change the course of humanity.

⚡️ Bitcoin Springs from Gas Wells

In Texas, natural gas prices have slumped to about half of their levels a year ago, largely because of last year’s warm winter denting demand.

The fact that oil and gas producers would even contemplate Bitcoin mining shows how desperate they are for solutions, even outlandish ones. The goal isn’t to replace natural gas. Instead, Bitcoin serves as a counterweight.

Originally published in WSJ (paywall).

🧶 The Smarties Table

The orange one is definitely our favourite! I think you can guess why it’s called a Smarties table, also commonly referred to as the quilt chart. The Director of Global Macro at Fidelity posted a bunch of data and charts this week on X (Twitter) which we found really interesting.

“Assuming for a moment that Bitcoin will mature into an asset class that plays on the same team as gold and silver, how should we think about where it would sit in a 60/40 portfolio? And what would be a reasonable position size?”

🧵 Thread 1

🧵 Thread 2

🔥 What else have you missed?

1. Michael Saylor bought again! Acquiring an additional 155 BTC for $5.3 million and now holds 158,400 BTC.

2. PayPal approved to offer Bitcoin and crypto services in the UK. On Wednesday the FCA approved the company as an authorised electronic money institution and consumer credit firm, as well as its registration as a crypto asset business.

3. The Economics of AI & Bitcoin Mining. Daniel Roberts gives a masterclass in energy on What Bitcoin Did.

4. Bitcoin Atlantis released the first look at their main stage general programme. Remember using ‘BitcoinCollective’ will get you a discounted ticket.

🍾 Friday Fun

Crossword: ‘The Whitepaper’ is the theme this week - Play Here

🧞‍♂️ Your wish is our command

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Until next week ✌️,

BC Team