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Understand the problems, before understanding Bitcoin

There’s something sinister on the horizon for global markets right now. Any rational person can see it.

Bitcoin has been grappling with the Macro outlook, Faketoshi’s lawsuit and the lingering after effects of Luna and other scams that gobbled up the leverage throughout the crypto system.

However, when chatting with Bitcoiners who ignore the noise and focus on the long-term; there is still a strong presence of positivity and patience.

Let’s take a look at a few things that have been happening recently…

Only the Strong Survive

This bear market has ruined a lot of people. Many have been liquidated. Many have lost fortunes (but many of those fortunes were based on nothing in the first place).

As the crypto world flounders, there are some who simply don’t care what has transpired. They don’t care that Bitcoin has reached $20,000. Because they know the end-game. 

Russia, Exonn and 19 Million Bitcoin

We are about to see the 19 millionth Bitcoin enter circulation sometime in the next week. And there’s only another 2 million to go, by the decade ~2140 AD, based on the supply and halving schedule. 

19 million Bitcoin in supply. 2 million left. 21 million Bitcoin only. And 56 Millionaires worldwide.

In the words of Greg Foss, ‘it’s just math’.

The CEO of one of the biggest exchanges in the world tells everyone to get their Bitcoin off of exchanges

Regulators in Canada have come out in full force to request Crypto Asset providers to provide info or lock accounts for individuals linked to the protests and those who have donated to the movement. Jesse Powell, the founder of one of the biggest exchanges in the world, Kraken, has publicly advised people to move their crypto assets off of exchanges and into self-custody. 

Computing monolith, Intel, turns to Bitcoin mining

A recap of the top Bitcoin news stories this past week. Intel a $240 Billion company, Intel, just announced they are entering Bitcoin mining. They will be introducing an ‘‘ultra-low-volatage-energy-efficient’ ASIC which is specifically designed for Bitcoin mining. There are currently two main ASIC manufacturers in the world right now – Bitmain and MicroBT, both Chinese-based.