Author: MAK Gojar

Vancouver’s Mayor, Ken Sim, is a genuine Bitcoin enthusiast who’s doing his part to get Vancouver’s city council as well as its citizens to see what he sees when it comes to Bitcoin.And his efforts are starting to bear fruit.On December 11, 2024, the Vancouver City Council greenlit a motion Mayor Sim prepared to start making Vancouver a more Bitcoin-friendly city.The motion directs city staff to explore the ideas of Vancouver establishing a strategic bitcoin reserve as well as accepting taxes and city fees in bitcoin.In my conversation with Mayor Sim, we discussed the passing of this motion as well…

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As a condition of a new IMF loan package, President Bukele of El Salvador has had to concede three aspects of the Bitcoin Law passed in 2021:A legal tender mandate requiring businesses to accept BitcoinShutting down Chivo, the state run wallet and on/off ramp serviceNo longer accepting tax payments in bitcoinUltimately everything except the last one is a positive change. Legal tender laws are ultimately coercive, and in my opinion shouldn’t exist. Chivo was a buggy mess, and alternatives exist such as Blink. The only negative (arguably), is the state no longer accepting bitcoin for tax payments. People are losing…

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According to Whale Alert, the average profit per BTC is at an all-time high of $67,088, at the time of writing. “The Potential Profit per Token graph shows the potential profit that holders could make per token if they sold at a specific time,” Whale Alert’s website explains. Whale Alert has further calculations on this metric that can be found here.To put this in perspective, this is more than the average American salary in 2024, which is $62,027. Imagine watching your savings grow and outperform your own yearly salary just for owning one bitcoin.Every day, you trade hours of your…

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On Wednesday, December 19, 2024, Foundation announced the release of its newest device, the Passport Prime.Introducing Passport Prime – Your Personal Security Platform!We’re thrilled to present Passport Prime, the world’s first personal security platform designed to secure your Bitcoin and your entire digital life. Think: A Swiss Army Knife for your online security. pic.twitter.com/3HH2eG7vhU— FOUNDATION (@FOUNDATIONdvcs) December 18, 2024 The device offers a broad range of features that not only help users secure the keys to their bitcoin but other digital information, as well.FeaturesFor starters, the Passport Prime offers the same bitcoin wallet capabilities as the company’s second generation Passport…

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With Bitcoin now making six-figure territory feel normal and higher prices a seeming inevitability, the analysis of key on-chain data provides valuable insights into the underlying health of the market. By understanding these metrics, investors can better anticipate price movements and prepare for potential market peaks or even any upcoming retracements.Terminal PriceThe Terminal Price metric, which incorporates the Coin Days Destroyed (CDD) while factoring in Bitcoin’s supply, has historically been a reliable indicator for predicting Bitcoin cycle peaks. Coin Days Destroyed measures the velocity of coins being transferred, considering both the holding duration and the quantity of Bitcoin moved. Figure…

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If the above statement offends you, you might not have read the Bitcoin source code. Follow Rizzo on X.https://x.com/pete_rizzo_/ Of course, I’m sure you’ve heard that there are 21 million bitcoin – and this is true, the Bitcoin protocol allows for only “21 million bitcoin” to be created, yet these larger denominations can be subdivided into 100 million sub-units each. Call them whatever you want, there are only 2.1 quadrillion monetary units in the protocol.This dollars and cents differential has long been the subject of debate – in the time of Satoshi, Bitcoin’s creator, the dual conventions, Bitcoin having both…

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Bitcoin’s price is down over 10% from its all-time high and its critics are taking victory laps this week as bitcoin has plummeted all the way back to… $97,000. It is still practically almost $100,000 for a single bitcoin. It is crazy to me to think that the “dip” is back to just under that important milestone, and really shows how far this asset has come over the last 15, going on 16 years.Year-to-date, bitcoin is up over 128%. And by historical trends, it is entering into its third year of rising in price before having a large correction. So…

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