NEW: #Bitcoin is a "niche phenomenon", says 🇨🇭 Swiss Natio | Laraxen en Binance Square

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NEW: #Bitcoin is a "niche phenomenon", says 🇨🇭 Swiss National Bank Chairman Martin Schlegel.

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🇩🇪 LATEST: Germany's decision to sell 50,000 #Bitcoin at $54K cost them $1.1B in missed profits.

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Elon Musk's Net Worth Surpasses $300 Billion According to BlockBeats, Elon Musk's net worth has continued to rise, surpassing the $300 billion mark. This milestone places Musk among the wealthiest individuals globally, reflecting the ongoing success and growth of his business ventures. Musk's financial ascent is attributed to the performance of his companies, particularly Tesla and SpaceX, which have seen significant advancements and market value increases. Musk's achievement highlights the dynamic nature of the global wealth landscape, where technological innovation and strategic business decisions play crucial roles in wealth accumulation. His ventures have consistently pushed the boundaries of technology and transportation, attracting substantial investor interest and driving up stock prices. This financial milestone underscores Musk's influence in the tech industry and his role as a leading figure in shaping future technological trends. The increase in Musk's net worth also reflects broader economic trends, including the rising valuation of tech companies and the growing importance of sustainable energy solutions. As Tesla continues to expand its market presence and SpaceX advances its space exploration goals, Musk's financial trajectory is likely to remain a focal point in discussions about wealth and innovation in the coming years.

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Three of the six new members of BRICS - 🇦🇪 UAE, 🇦🇷 Argentina and 🇪🇹 Ethiopia - are mining Bitcoin with government resources.

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Is CZ cutting its relationship with Binance: It may sell its shares Changpeng Zhao, who completed his prison sentence in the US at the end of September and returned to Dubai, where he lived, said in an interview that he had received offers for his shares in Binance and that he had no final decision on this matter. For CZ, "Will it completely cut off ties with Binance?" Caused their questions to be asked. Changpeng Zhao, one of the founders of Binance and who left his post in the lawsuit filed by the US Department of Justice last year, is now considering selling his shares in the stock market. “A cycle may close” CZ, who gave an interview to Bloomberg from the US media, said, "I have always been happy with my position in the company, but it may be that an era is closing." Stating that he was not very eager to return to his duty, the famous manager said, "That child has grown up now. Also, I am no different from a simple shareholder," he said. Zhao, who did not give details about the sale of shares, said, "I received some offers. But there has been no progress so far," he said. “Don't confuse me with SBF” Stating that he did not find it correct to compare FTX with its former CEO Sam Bankman-Fried, who was sentenced to 25 years in prison, CZ said: “He stole people's money. I, on the other hand, failed in the company's regulatory compliance. It's not the same.” The former CEO of Binance also stated that there is currently no decision-making power within the stock market.

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#Bitcoin has increased in value by more than 10,000% since Donald Trump was first elected president of the 🇺🇸 United States in 2016.

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