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$25K BTC & Iran Uses Crypto For Payments

$25K BTC & Iran Uses Crypto For Payments

Sats O'Clock
August 15, 2022

Wake Up! It's Sats O'Clock.

Good morning. It's August 15, 2022.

Bitcoin is hovering around $24.5K at the time of writing.

Argentina for the folks.

This week the benchmark interest rate reached 69.5% in #Argentina. It has increased 1750bp in two weeks. The official inflation rate has surged to 71%. It is expected to exceed 90% by year-end.
#Bitcoin is more than an investment. Bitcoin is hope.
— Michael Saylor⚡️ (@saylor)
5:39 PM • Aug 14, 2022

Don't sell your Bitcoin to BlackRock.

Anthony Scaramucci: BlackRock's #Bitcoin trust will create a "demand shock."
"There are only 21 million BTC." 🚀
— Bitcoin Magazine (@BitcoinMagazine)
1:22 PM • Aug 12, 2022

Math and code.

#Bitcoin is backed by math. @DavidSacks believes that over time people will gradually think that it is a better form of money.
— Pomp Podcast (@PompPodcast)
3:55 PM • Aug 14, 2022

Proof of Work is needed.

You can’t print more food,
You can’t print more houses
You can’t print more energy,
And you can’t print more #bitcoin.
Each requires work to create. Each is proof of work.
(You can print jpegs, digital tokens, and metaverse assets with no work - so they’re worthless)
— Tomer Strolight (@TomerStrolight)
1:01 PM • Aug 14, 2022

Interesting!

The #Bitcoin 'Fear and Greed index' is back at neutral for the first time since April 2022.
— Watcher.Guru (@WatcherGuru)
7:03 PM • Aug 14, 2022

"It has no value"

“Nobody uses #Bitcoin”
— Bitcoin Magazine (@BitcoinMagazine)
6:47 PM • Aug 14, 2022

Countries have allready started paying in crypto.

The death of the dollar has officially begun. Iran just paid $10 million in cryptocurrency for imports to evade #sanctions. Inevitably, #Bitcoin will be Legal Tender & Global Reserve Currency. http
— Jane Adams (@iLoveJaneAdams)
10:02 AM • Aug 13, 2022

Meanwhile in The Netherlands.

Local dutch farmer accepting his first payment in #bitcoin 🇳🇱
Adoption is rising 🙌
— Bitcoin Magazine (@BitcoinMagazine)
5:45 PM • Aug 13, 2022

He gets it.

Former President of the New York Stock Exchange, @ThomasFarley explains that #bitcoin is “trusted, censorship-resistant, there will only ever be 21 million, and it will have to be part of a portfolio”
— Documenting Bitcoin 📄 (@DocumentingBTC)
11:08 AM • Aug 14, 2022

If you missed it...

Saylor opens up on his new role at MSTR and future BTC predictions.

My discussion with @DanielaCambone on $MSTR volatility & performance, my role at @Mic@MicroStrategye future of #Bit#Bitcoinablecoins, Altcoins, & Gold, as well as thoughts on regulation, macroeconomics, wealth preservation, and an engineer’s common sense definition of recession. https://
— Michael Saylor⚡️ (@saylor)
4:17 PM • Aug 13, 2022

We are still so early.

#Bitcoin and crypto adoption:
Country                Users
————————————
🇺🇸 USA            46 million
🇮🇳 India            27 million
🇵🇰 Pakistan     26 million
🇳🇬 Nigeria        22 million
🇻🇳 Vietnam      20 million
🇨🇳 China          20 million
🇧🇷 Brazil           16 million
— Documenting Bitcoin 📄 (@DocumentingBTC)
1:18 PM • Aug 13, 2022

TWEET OF THE DAY

Shoutout to Greg Foss.

#Bitcoin is direly undervalued.
— McShane (@mcshane_writes)
10:39 PM • Aug 14, 2022

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