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Will Canada Support Bitcoin?

Will Canada Support Bitcoin?

Sats O'Clock
May 19, 2022

Wake Up! It's Sats O'Clock.

Good morning. It's May 19, 2022.

No movement in price today. Satoshi is letting everyone stack cheap sats. Bitcoin is hovering around $29K at the time of writing.

The potential next Prime Minister of Canada, Pierre Poilievre annouced today that he holds Bitcoin in his personal account.

Poilievre personally holds investment in Bitcoin as he promotes crypto to Canadians

Conservative Party leadership candidate Pierre Poilievre has a personal financial interest in cryptocurrencies that he has promoted during his campaign as a hedge against inflation.

https://www.ctvnews.ca/politics/poilievre-personally-holds-investment-in-bitcoin-as-he-promotes-crypto-to-canadians-1.5907615

It is great to see more politicians be supportive about BTC, especially those that understand the current economic situation.

In a day where Elon Musk called out ESG rulings, another example of Bitcoins favourable energy use cases was seen in Pennsylvania.

This gas would have stayed in the ground if it wasn't for bitcoin - Bulletin of the Atomic Scientists

Bitcoin miners are finding ever-more efficient ways to burn fossil fuels to manufacture cryptocurrency.

https://thebulletin.org/2022/05/this-gas-would-have-stayed-in-the-ground-if-it-wasnt-for-bitcoin/

Bitcoin is now being used to process mortgages and funding of new real estate in El Salvador.

.@BrettHagler and the team at @NewStoryCharity has partnered with @coinbase and @Bitcoinbeach to bring affordable housing to families in El Salvador.
Bitcoin and the Lightning Network are used to process the monthly mortgage payments.
— Pomp 🌪 (@APompliano)
12:38 AM • May 19, 2022

Ontop of mortgages, Bitcoiners can also use a Bolt Card. A new lightning integrated Bitcoin payment card.

Announcing “The Bolt Card” 🧵
Visa? No
Mastercard? No
Lightning? Yes
The Bolt Card is an offline Lightning contactless card, powered by NFC, #Bitcoin Lightning and LNURL.
A global, open, permissionless, decentralised monetary network.
— Danny Scott ⚡ (@CoinCornerDanny)
2:40 PM • May 17, 2022

In the last 24 hours, another ~$50M worth of Bitcoin has been liquidated.

When will the shorts learn?

If you missed it...

In case anyone was wondering if @saylor is planning on getting a #Bitcoin tattoo, I made sure to ask the tough questions. #humility
Full interview: youtu.be/YqsUgTKi29U
— Natalie Brunell (@natbrunell)
7:39 PM • May 18, 2022

MEME OF THE DAY

How we are all feeling at this moment.

— Will Clemente (@WClementeIII)
5:40 PM • May 18, 2022

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