In retrospect, the conflict between the US and Iran looks more like an Israeli plot; Trump’s actions seemed like the immature decision of someone who was drunk. As for who would actually win or lose a US-Iran war, that is not really the point—because there are no absolute victors in any war. So, what impact does this seemingly absurd conflict actually have on Bitcoin? The short answer is: it depends on the stage of the conflict. Historically, Bitcoin has tended to behave more like a risk asset in the immediate aftermath of geopolitical shocks, even though some investors view it as "digital gold" over longer periods. What are the market impacts and effects on Bitcoin volatility? During periods of escalating...
UK government hit with largest-ever compensation: 647 million magnesium. WalesOnline reported that James Howells, a man from Newport, England and an IT engineer, mistakenly threw away a hard drive containing 8,000 Bitcoins as rubbish due to a misunderstanding in 2013. At the time, the Bitcoins were worth less than 1 million pounds. It is now worth over £500 million.Since then, James Howells has been trying to recover the hard drive from a landfill owned by Newport City Council, but the council has repeatedly refused his requests to excavate the landfill, highlighting the limitations of its environmental permit.For this reason, James Howells has sued Newport City Council, claiming 495,314,800 pounds in Bitcoin losses, and proposed that he can dig up the...
Over the past five years,we know bitcoin has plummeted more than 40% on four separate occasions.In 2024,We see this grand occasion again. And also,Ethereum Maybe Could Top $14,000 Next Year Alongside Bitcoin Boom(Standard Chartered) So what's driving the bitcoin surge? The halving occurs every four years, cutting the reward for mining new blocks in half. The next halving will reduce rewards from 6.25 to 3.125 BTC. Historical Price Impacts: 2012 Halving: Bitcoin's price surged approximately 9308% in 13 months. 2016 Halving: Saw a 2861% increase over 17 months. 2020 Halving: Resulted in a 620% increase in 11 months. Based on some napkin math the BTC can reach a 162% price increase post-halving, with the peak expected around 420 days (14...
2013-14 bull market featured alt coins and gpu mining. 2017-2018 featured ETH, ICO's and to some degree forking. 2020-2022 was NFT's and ETH layer 2's or alternative chains. Where do we go next? Maybe as I said before,Bitcoin is the Lord of the Rings. When I started with crypto in 2013 I was taking a small gamble as I was (relatively) young and in good health. I was single, living paycheck to paycheck and managed to scrap together money to acquire some mining rigs. I've never exited since. The mining rigs turned inefficient and were shut down around 2019. Currently I'm an old man with a considerable amount of my individual wealth still invested. 90% of the tasks I've...
What if all the gold in a certain country disappears overnight? This is an assumption that is difficult to implement in the real world. 1. Let’s first look at what gold is? Gold was once currency, it was once the "collateral" (gold reserves) for banks to issue banknotes, and it was once the reference for determining currency exchange rates around the world (Bretton Woods system). However, since the United States became overwhelmed and discovered that gold was rapidly flowing to benefiting European countries, it announced the dissolution of the Bretton Woods system and replaced it with the Jamaica Agreement. This agreement clearly stated that the U.S. dollar would no longer have an exchange relationship with gold, and gold would no...
