I apologise I haven’t been blogging more frequently,. If you are on twitter and aren’t following me please do so I’m posting on there most days. Lets catch up on some of the most relevant recent headlines. I woke this morning to some massive moves in the markets and the news from Paypal is probably the most likely culprit.
More details on the announcement can be found here.
It’s not full adoption by them but it is a step in the right direction. Exposing not only their merchants to crypto but also their customers is big news.
There’s been so much big news recently. MicroStrategy converting their cash reserves to bitcoin has been one the biggest news stories leading up to this PayPal announcement.
This image from a recent CoinTelegraph article shows how many publicly listed companies have announced they are now holding Bitcoin.
The Microstrategy news wasn’t just big due to the size of how much they bought or how much or their cash reserves they used to acquire it. It was big news because it’s going to have a lot of other board rooms of other companies now looking at diversifying a portion of their portfolio into Bitcoin. Factoring the current market cap of Bitcoin against the current cash sitting on company balance sheets it’s going to be an interesting 2021.
Michael Saylor has been very open about why and how MicroStrategy took this action. This is just one of the many interviews he has done in recent weeks.
If you’ve ever asked why Bitcoin? Or, is Bitcoin for me? Hopefully that interview or any of the others he has done in recent weeks helps you understand the revolution that is currently transpiring.
This recent report from CoinShares gives some startling insights into what a small expousure to Bitcoin can have to a traditional investment portfolio. I urge you to invest in yourself enough to read it. If you decide it’s not for you at least you’ve made a more informed decision.
I still share this playlist for anyone still trying to understand how the current financial system actually works.
Once I learned the truth about our current system I could more easily see the reason a new system was being created.
Nothing in this article should be considered financial advice because it isn’t. I’m providing you education. What you do with that information as a responsible adult is up to you.
The day you stop learning is the day you start dying.