Bitcoin in Ethiopia & Intel Miners

Author

Sats O'Clock
June 07, 2022

Wake Up! It's Sats O'Clock.

Good morning. It's June 7, 2022.

Bitcoin is hovering around $30K at the time of writing.

Are you stacking more sats?

Intel will be mass producing Bitcoin miners in 2023.

They are making more efficient chips, some of which will ship in Q3 2022.

Intel Doubles Down on ESG With Launch of Second-Gen Bitcoin Mining Chips

The “Intel Blockscale ASIC” chip boasts efficiency up to 26 J/TH, which would make it better than most Bitmain and MicroBT models now on the market.

https://www.coindesk.com/business/2022/04/04/intel-doubles-down-on-esg-with-launch-of-second-gen-bitcoin-mining-chips/

U.S. Senator Lummis will be releasing a Bitcoin Bill.

The GBTC spot ETF is gaining more steam.

Though the gold looks nice, what happens if the country in which your gold is held, seizes your gold or does not like your opinions?

Miners are still keeping a majority of the Bitcoin they mine. They have no need to sell. HUT 8 being a prominent miner, now has over $200M of Bitcoin.

Bitcoin adoption in Ethiopia is growing.

Zoom out and see the bigger picture.

Reminder...

In the last 2 hours, ~$26M worth of Bitcoin has been liquidated.

Be careful of the volatility when using leverage.

Another company converts their balance sheet to Bitcoin.

If you missed it...

Nic Carter shows why many Bitcoin ESG publications are incorrect in this thread.

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