Block: 883,765
USD/BTC: $98,195
Tomorrow is our second Blue Ridge Bitcoin meetup at The Bagel & I. So much has happened in the Bitcoin space since we last met in January! Donald Trump is now in the White House and DOGE is dismantling the deep state. As promised, President Trump freed Ross Ulbricht within days of taking office. Indeed, Trump promised to commute his sentence, but instead he gave him a full and unconditional PARDON. Meanwhile, Senator Cynthia Lummis introduced a Bitcoin Strategic Reserve bill in congress, and 15 states have proposed similar bills at the state level. SAB 121 was repealed, paving the way for banks to hold bitcoin for their customers. Updated FASB accounting rules for bitcoin make holding bitcoin by banks and institutions more desirable. Internationally, multiple nations are feeling the FOMO and grappling with the idea of a bitcoin strategic reserve of their own. Yet, despite all this incredibly bullish news, the fiat price of bitcoin in dollars continues to languish and chop sideways. I get the feeling a lot of monetary energy is being bottled up; watch out for an explosion later this year.
There is no agenda for the upcoming meetup. Just come with questions and desire to understand Bitcoin better. I met so many wonderful Bitcoiners last month; I’m looking forward to getting to know you better. See you tomorrow!
HODL ON
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