Bitcoin Becomes More Eco-Friendly – CHAINLETTER 27

Mar 29, 2024 | Chainletter |

Bitcoin’s energy usage has been a sore point in the past. Now the miners are turning the argument around. Bitcoin will eventually be seen as a force of good in the way energy is generated, distributed and managed.

Selling by bitcoin’s long term holders looks much larger than buying from ETFs, yet the price still holds firm. Signs are good that the price is consolidating at the start of a new regime.

A wobble in China’s currency might portend a period of “risk-off”. Visa and Mastercard’s “settlement” demonstrates the need for a new system.
Something is driving MKR’s price higher while ETH lags. We explore Real World Asset tokenisation plays following Blackrock’s acclamation of the technology.

  • Technical analysis Supply analysis via HODL waves, MKR plays catch up with ETH
  • On-Chain Valuation about to hit a key inflection, spend in BTC is steady
  • Macro Inflation lives, dollar thrives, Renminbi wobbles, Visa and Mastercard reach a US$30bn settlement
  • Ethos Things to ponder if you don’t hold bitcoin
  • Education New dates for Crypto Bootcamp
  • Cryptoverse Energy negatives being upturned, Blackrock sees massive RWA tokenisation and launches BUIDL

CLICK HERE TO READ CHAINLETTER 27