$100k Bitcoin in 5 weeks?! Adoption spiking, BTC eating Gold and cleaning up landfills

Today’s Bitcoin news!

PRICE UPDATE:

After hanging above $72k for more than 24 hours, we just dropped down into the $68k range but are now hovering around $70k. This seems to be normal price movement. Keep in mind as the Bitcoin price rises we are going to have people selling to “take profits” while other people are buying, and this can stagnate the price action or even drive it down temporarily.

GROWTH:

JUST IN: #Bitcoin overtakes the Swiss Franc to become the 13th biggest currency in the world. POST: https://twitter.com/RadarHits/status/1767316518423929289

BULLISHNESS:

💥BREAKING: MicroStrategy just bought 12,000 $BTC for $821.7M at $68,477 per #Bitcoin. POST: https://twitter.com/BTC_Archive/status/1767159403877163502

Rapper Drake Posts Michael Saylor's Bitcoin Video to His 146M Instagram Followers. Michael Saylor said that bitcoin will “eat gold” in an interview with CNBC on Monday. POST: https://www.coindesk.com/business/2024/03/12/rapper-drake-posts-michael-saylors-bitcoin-video-to-his-146m-instagram-followers/

In 50 years using fiat for money will be about as ridiculous as seashells or yap stones. POST: https://twitter.com/dotkrueger/status/1767339149294756126

It’s happening! @Grayscale just filed to launch the “Grayscale Bitcoin Mini Trust” expecting this to have a competitive fee. It will trade under the ticker $BTC and will come from a spinoff from $GBTC. This means $GBTC holders will get some % of holdings spun off into $BTC. POST: https://twitter.com/JSeyff/status/1767531434258964630

Way back when you could exchange $1 usd for 1578 #bitcoin . Today you can exchange $1 usd for 1300 sats. We are still early! #Bitcoin #BeOG #plebchain. POST: https://primal.net/e/note100zzyysz7jksxpyn6msek6kp4h6yh2d09gdvhunjyk2p34wzedcqu3tala

Back when you could exchange $1 USD for 1578 Bitcoin

ADOPTION:

🔸Financial Times on #Bitcoin: "It is extremely unusual for a bubble to burst and then recover to reach new heights so quickly, and suggests that something real and sustainable is going on.” This is not a bubble. This is an adoption curve. POST: https://twitter.com/BTC_Archive/status/1767156387241414981

Bitcoin is not a bubble, it's an adoption curve like internet adoption was.

JUST IN: 🇮🇳 US ETFs to be offered to institutional and retail investors across India by cryptocurrency platform Mudrex. POST: https://twitter.com/BTC_Archive/status/1767565999761461663

NEW: El Salvador will be able to pay off the IMF if #Bitcoin hits $100K. "They’ll probably be the most attractive country in the world to go live, just because they embraced #Bitcoin ,” said billionaire Tim Draper. POST: https://twitter.com/SimplyBitcoinTV/status/1767568488842072503

Apparently El Salvador immigration officers, during an impromptu visit to verify the address of a residency holder yesterday, asked if they can manually see that person's bitcoin balances. POST: https://twitter.com/jonatack/status/1767565078721630380

CREATIVE:

The private key to a full Bitcoin is engraved into this sculpture. Everyone can see it, it is not hidden; But no one on the planet alive today will be able to spend this bitcoin. It's time-locked until Block 7,140,000, approximately the year 2144. POST: https://twitter.com/FractalEncrypt/status/1767595846898421973

FIAT/GOVERNMENT NONSENSE:

And you wonder why BTC and gold are at record highs. POST: https://twitter.com/EpsilonTheory/status/1767571905781907757

Governments and inflation - and you wonder why BTC and gold are at record highs.

Bitcoin vs the US dollar. POST: https://primal.net/e/note146j0pvu0x4favwwuhwwv9smwa75fycukgz00hakqcfsacy4pmllqqt3sty

Chart showing Bitcoin value vs the US dollar value over time.

Biden Administration Resurrects 30% Bitcoin Mining Tax in Budget Proposal for 2025. U.S. President Joe Biden unveiled his fiscal year 2025 budget proposal, which includes a bitcoin mining excise tax to 'reduce mining activity.’ ARTICLE: https://www.nobsbitcoin.com/biden-administration-resurrects-30-bitcoin-mining-tax-proposal/

BITCOIN GOOD FOR ENVIRONMENT:

Bitcoin mining will cleanup fiat’s high velocity trash economy. Great news! JUST IN: 🇺🇸 Riot Platforms partners with Reformed Energy, turning waste from landfill sites into energy for #bitcoin miners. POST: https://twitter.com/SimplyBitcoinTV/status/1767578722591277170

Bitcoin mining will cleanup fiat’s high velocity trash economy.