It sounds far-fetched, but it’s true. A vault in a secret nuclear bunker in the Swiss Alps protects a significant amount of Bitcoin.
Cointelegraph visited the facility to see how multiparty computation (MPC) shards stored in bunkers are used to provide bleeding-edge security to one of the world’s first Bitcoin BTC $65,733.62 banks.
🔥🚨BREAKING: President Trump just paid his tab in a NYC bar using Bitcoin making this the first public crypto transaction by a president. pic.twitter.com/Df5PWFSsfR
The major difference between Gold and Bitcoin is the way these assets are mined, produced, and stored. Thus, the way Gold and bitcoin are mined and stored affects their future value. Very few Bitcoin investors understand these important dynamics.
While the debate will continue on which one will be the better future store of value, there are some very interesting dynamics taking place in the Bitcoin Mining Industry that few investors are aware of.
The United States Federal Bureau of Investigation (FBI) has reportedly responded to a Freedom of Information Act (FOIA) request from a journalist implying that Bitcoin creator Satoshi Nakamoto was a “third party individual” for whom it could neither confirm nor deny it had records.
According to an Aug. 13 X post by investigative journalist Dave Troy, the FBI issued a “Glomar response” to his request for information on Satoshi —- neither confirming nor denying the law enforcement agency had records identifying the pseudonymous Bitcoin creator.
In a spirited keynote address, Former President Trump promised to make USA the “bitcoin super-power of the world,” ensuring that cryptocurrency is “mined, minted, and made in the USA.”
“We have to talk about Bitcoin. Our country is blessed with the extraordinary talent and genius in this room.
This spirit built America and will help us make it great again.
I admire what the Bitcoin community has achieved. In just 15 years, Bitcoin has gone from an idea to the 9th most valuable asset in the world.
It’s already bigger than ExxonMobil and soon it will surpass the market cap of silver.
Kerry Lutz and Craig Hemke discussed the recent movements in the metals market and the upward trend of Bitcoin. They expressed optimism about the potential for a strong seasonal period for gold and silver in August, citing historical trends. However, they also discussed the challenges of projecting future price movements in the gold market due to its unprecedented territory. Craig provided a comprehensive analysis of the silver market, illustrating its unique position as both an industrial and monetary metal, influenced by the movements of gold and copper. The conversation also touched upon the actions of market regulators and their impact on price movements, highlighting the complexities of the precious metals market. The discussion also focused on the seasonality of the market, highlighting the strength of late July through August and the first half of September.
Craig provided insights into the economic fundamental picture, discussing the anticipation of rate cuts, the upcoming FOMC meeting, and the potential impact of the next jobs report. He also provided a detailed analysis of the Commitment of Traders report, highlighting the historical trends and their impact on gold and silver prices. Kerry acknowledged the significance of seasonality in market trends and discussed the potential impact of the upcoming jobs report on trading decisions. Overall, the conversation stressed the importance of physical metals as a long-term insurance policy against economic uncertainties, particularly in the face of escalating national debt and potential market volatility.
Actually, this looks like exactly what would happen before a Continuity Of Government (COG) operation kicks in, following some apocalyptic engineered collapse of infrastructure. Why did Cheatle mention COG in today's testimony, BTW? Why is it on her mind at all? Are they planning… https://t.co/OytF7xZ8C7
The Bankster’s best buddy Warren Buffet who lent $5 Billion to Goldman Sachs via investment during the 2008-09 financial crisis has repeatedly called Bitcoin rat poison.. So, is Bitcoin just one big Psyop? Is it rat poison? Or is Bitcoin just rat poison to the big criminal international banking establishment? Listen.
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Initially, Donald Trump was highly suspicious of cryptocurrencies, going back a few years, but he has since changed his mind. He has embraced them, impressing a younger fan base and their deep-pocketed investors.
Hours after meeting with bitcoin miners at his Mar-a-Lago estate in Florida on Wednesday, the former president said on his Truth Social media platform that cryptocurrency users should “vote for Trump!” because he will stand up to “Biden’s hatred of Bitcoin.”