Billionaire Mike Novogratz has called for a softer stance on Bitcoin and other Crypto

Mike Novogratz, an American investor and billionaire, says he is much more optimistic about the cryptocurrency market now than he was a month ago. The current CEO of Galaxy Investment Partners explained that bond sell-offs and increased crypto adoption have boosted cryptocurrency prices, particularly bitcoin.

Explaining why he is more optimistic now about Crypto than he was six to seven weeks ago, he said that maybe what he got wrong about making money in fixed currency was that money has to go somewhere.

He also prophesied earlier this month, when BTC was struggling to push through the $40,000 barrier, that bitcoin's price would range somewhere around $30,000 and $50,000 for the rest of the year.

According to Bitcoin.com Markets, bitcoin is currently trading at $47,327 at the moment of writing. He further explains that the adoption of crypto is fast increasing and will only continue to increase

He then commented on President Joe Biden's executive order on cryptocurrency regulation. "It was very interesting in that presidential decree because there was no Elizabeth Warren's or Gary Gensler's voice in that thing, and they'd been running crypto policy until then." "That's a plus," Novogratz said. Many in the crypto space share his optimism, viewing Biden's executive order as beneficial to the crypto space.

In summary, more personalities are beginning to see the benefit of crypto. It not only posses financial benefits, it also possesses Environmental benefits by reducing the use of cash.

With all these it should be noted that crypto is still in its early stages and with cryptos like $Darc and $Polygon recently arriving on crypto marketplaces, it is clear that crypto is the future of finance and we can only witness Blockchain reach greater heights.

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source https://www.reddit.com/r/btc/comments/tty0sr/billionaire_mike_novogratz_has_called_for_a/

Bitcoin & Crypto Try to Reverse Losses, but Short-Term Hurdles Remain While Surveys Send Positive Signs

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The carbon footprint of Bitcoin and miners is decreasing

All the attention and reprimanding from mass media has finally gotten to Bitcoin miners it seems and many are trying to make a greener world and attempting to decrease their carbon footprint.

CoinDesk recently run a report on a Northern Italian small municipality using hydropower to mine Bitcoin.

“The northern Italian regions bordering the snowy Alps are home to dozens of hydroelectric power plants in a range of sizes, thanks to the abundance of water and varying altitudes. TRENTINO, ITALY – Daniele Graziadei, the 37-year-old mayor of Borgo d’Anaunia, a small municipality in the northern Italian region of Trentino-Alto Adige, entered the 100-year-old Alta Novella hydropower plant with familiar ease.

This year, under the leadership of Graziadei, Borgo d’Anaunia, home to around 2,500 people, became Italy’s first municipality to run a crypto data center.”

In fact, this is not the only case of its kind. Another Swedish village has been using mining rigs to power the electrical rig too.

“Around 15,000 cryptocurrency mining rigs are humming away at HIVE Blockchain’s (HIVE) 30 megawatt (MW) data center in Boden, Sweden. But not all the time. Sometimes, the facility powers down to help the local grid. The data center, drawing cheap energy from local hydropower producers, acts as one of the largest, if not the largest, active energy reserves the Swedish grid can call upon whenever there are major disturbances to the local power supply. The facility can shut down its machines almost instantaneously so that energy can quickly be diverted to public use.”

It now seems to be the case that Bitcoin and Bitcoin miners are not just decreasing their carbon footprint, but make the world greener too.

Full disclosure, this could be even easier with the advent of DeFi into the scene. Once community-run DAOs get the upper hand in rule, people could actually vote for what comes to benefit them, rather than be bound by the choices of centralized corportations. Some DAOs like the Alps foundation, or Hive or even Aloha DeFi provide a new world for users all around trying to get the best of all these worlds. DeFi DAOs, NFTs and everything that will make the future cleaner, greener and better.

The incentives between energy producers and miners are so aligned that soon it might be difficult to draw a line between the two. More energy firms are entering mining, while miners are accumulating their own energy supply. Voltus has created models to determine exactly how much flexibility is worth to crypto miners: in Texas, $37.53 per megawatt hour, whereas in New England, it’s $6.69. per MWh.

Energy companies that stay out of bitcoin mining will leave money on the table, “because mining most of the time is much more profitable than selling the energy to the grid.”

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This Jack Mallers interview is really good

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Bitcoin-Core devs announce they will be increasing the block size.

Bitcoin-Core devs have announced that they will slowly be phasing in a new block size increases. The first new code will be committed today for new releases of Bitcoin Core.

As we know, almost every BTC block is full, and the transaction fees have been huge.

About 1 year from today, on 2023-04-01 the block size will increase 1MB. Then again on 2024-04-1, and again on 2025-04-01, and will continue as long as they have support from the miners.

So if you follow the pattern, the block size will increase 1MB every April 1st. Why April 1st? Because Happy April Fools Day!

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source https://www.reddit.com/r/btc/comments/ttxytw/bitcoincore_devs_announce_they_will_be_increasing/

The Bulls are back! Bitcoin almost hit 48k again! Was on the verge of a 9-day Win Streak.

BTC was about to hit a nine-day winning streak — but couldn't, as its recent price momentum appeared to have slowed down at least temporarily.

This was maybe due to the exploit that Axie Infinity’s Ronin Network suffered. It was a $625 million hack, which is probably the largest exploit in DeFi history!

But the dip has been bought up as bitcoin remained above $47,000, a sign of great strength amidst the news of the hack. Even AXS, the governance token for the Axie Universe held up quite strongly. This builds faith in retail investors that the fundamentally sound projects such as Plastiks, Decantraland, and Sandbox that are linked to the NFT marketplace will likely show strength as well. Plastiks serves as the bridge between plastic producers and recyclers, where you can tokenize your recovery data for monetization. Decentraland allows you to buy and sell digital real estate, while exploring, interacting and playing games within their virtual world. And, Sandbox provides a virtual environment where you can build, own, and monetize your gaming experiences! Such projects will very likely thrive as BTC trends up.

Further, the 8 consecutive green days seen on the BTC chart are interesting because in the past decade, Bitcoin has had an 8-day win streak only 16 times. And most of those streaks were back in the very early days. In addition, each such streak has led to massive rallies, so we might see a six-figure BTC by the end of the year! Fingers crossed

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source https://www.reddit.com/r/btc/comments/ttxlyb/the_bulls_are_back_bitcoin_almost_hit_48k_again/

Binance teams up with the organization behind the Grammy Awards

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source https://www.reddit.com/r/btc/comments/tt8mbi/binance_teams_up_with_the_organization_behind_the/