@elonmusk Ironic because no incremental energy is used in a #bitcoin transaction. The energy is used to secure the crypto-asset network, and the net impact on fossil fuel consumption over time will be negative, all things considered.
China's central bank is now calling #Bitcoin an "investment alternative"!
"We regard #Bitcoin and stablecoin as crypto assets ... These are investment alternatives,"
- Li Bo, Deputy Governor
People's Bank of China (PBOC)
This is huge!
Breaking: Li Bo, deputy governor of the Central Bank of China, said that crypto assets such as Bitcoin should be used as investment tools or alternative investments. This is the first time that the Chinese government has recognized the asset value of cryptocurrencies.
#marketupdate, breaking it down, post mortem.
We just saw the single largest 1-day drop in mining hash rate since Nov 2017. The hash rate on the network essentially halved, causing mayhem in BTC price as it crashed.
If you are buying Bitcoin today, you are still buying ahead of 99% of the world, most billionaires, most public companies, etc. If you are building a company or open source in Bitcoin today, you are a pioneer.
#Bitcoin update
1/14
On a morning like this it feels good to almost have no emotion and be reminded that buying and just HODLing #Bitcoin and analyzing the short-term charts rather out of curiosity and risk management - but not trading it - is a good place 2 b. ;-)
In 24 hours I’m going to give one random person that retweets this tweet $10,000 in Bitcoin! (Yup, gonna experiment with this instead of cash haha) Make sure you follow me so I can dm you if you win :)