Any quants here wanna help with this?
What would happen if a developing country were to add 60 Billion dollars worth of Bitcoin to its reserves? Let's say they managed to purchase it quietly (to minimize market impact). How would things then play out were they to announce their purchase ex post facto? What would happen from a game theory point of view? And what would be the impact on price as well as the economy of that country? Would they suddenly become rich after their announcement?
Lightning slowly reached 5k BTC locked !!! Amount locked growth is inversely correlated with BTC price (-71.25%) ?!?! Addresses that HODl more than 1K USD worth of bitcoin in the past year on the decline (77.18% price correlation).
Total BTC amount locked by the existing channels on the Lightning Network.
British citizens seek safety in BTC as central banks lose faith in them. – cryptowiky
Bitcoin is a convenient method of payment and a reliable store of money for many fans. It is becoming more and more popular, particularly in developing
Technology: University of New Mexico researchers find Bitcoin mining is environmentally unsustainable
Taken as a share of the market price, the climate change impacts of mining the digital cryptocurrency Bitcoin is more comparable to the impacts of extracting and refining crude oil than mining gold, according to an analysis published in Scientific Reports by researchers at The University of New Mexico. The authors suggest that rather than being considered akin to ‘digital gold’, Bitcoin should instead be compared to much more energy-intensive products such as beef, natural gas, and crude oil.