Bitcoin critics have been attacking the network by claiming that bitcoin miners are inefficient and consume too much energy. These attacks are usually wrapped in faux concern for climate change, but they are almost always funded by competitive digital asset teams who are simply trying to gain an advantage through regulatory capture.

As you can imagine, the combination of money and virtue signaling can be a powerful force in the world of politics. Take the recent developments in the New York State Assembly — the politicians voted to ban bitcoin mining within the state.
While the stated goal is to remove the use of fossil fuels as an energy source, the politicians have decided to go after bitcoin miners. This is interesting because bitcoin miners, along with all data centers, have no emissions. Rather than attacking the problem from a first principles perspective, the legislation goes after the virtue signaling targeting.
Legislature haven’t gone after data centers, banks, the military, or other consumers of fossil fuel energy production. Instead, they have singled out a single industry, which happens to have the dual benefit of creating jobs and stabilizing the electrical grids, as they pursue what they believe will score political points.

But here is the interesting thing — even if you disagree with the theory that many of these attacks are being funded by competing digital asset projects, it is unequivocally true that the data disproves the logic backing these legal attacks.
The bitcoin mining council recently published their latest survey results and it found that the bitcoin network hashrate grew 23% over the last 12 months, yet energy consumption dropped 25% in the same time period. This means that the bitcoin network is becoming more efficient and continuing to refrain from any direct emissions from the bitcoin mining machines.

Whenever you hear politicians saying one thing, but the data is telling you a different story, it should peak your interest as to why there is such a disconnect.
New York State already made a major mistake in the creation of the Bitlicense, which drove businesses, jobs, and economic prosperity out of the state. By banning bitcoin mining, they are repeating the exact same mistake again. States like Texas and Florida are welcoming businesses, including bitcoin miners, with open arms. As jobs and prosperity flow to these business friendly states, it will become more obvious that the abrasive states like New York will take years to recover.

The bitcoin mining debate is no longer a debate. The network provides an ever-increasing efficiency improvement as it protects the purchasing power of hundreds of millions of people globally. Over 50% of energy used for mining is coming from renewables compared to industry averages of approximately 20% renewables in other major industries.

Bitcoin mining is winning. Politicians who don’t understand the technology or the users will complain. The entrepreneurs, investors, and operators will compete in the marketplace.

Compete, don’t complain. Build. Create. This is the way to a better future. The folks who are funding these bitcoin attacks will continue burning money while we push forward.

Hope each of you has a great day. Talk to you soon
#USA #bitcoin #uselections #Hamstercombo #binance

The debate surrounding the 2024 U.S. election is heating up, with key issues like the economy, healthcare, immigration, and climate change taking center stage. Candidates from both parties are offering distinct visions for the future, with Republicans focusing on conservative values, economic growth, and border security, while Democrats emphasize social justice, healthcare access, and climate action.
Voter turnout and swing states are expected to play a pivotal role, as both sides rally their bases and attempt to sway undecided voters. The election is shaping up to be a reflection of the country's deep political divides, with implications for domestic and global policies.
#uselections #trump

$BTC price guess for TOP :
As we navigate the ever-volatile cryptocurrency market, predicting the bull top for BTC has become a topic of much debate. While some analysts are calling for a $100,000+ peak, I firmly believe that the bull top for this cycle will reach a more conservative estimate of $85,000 to $90,000.
$ETH & $SOL TOP price :
Ethereum, on the other hand, is poised to reach $10,000, while Solana and Binance Coin will likely top out at $600 and $900, respectively. It's important to note that this cycle will not see the same level of altcoin frenzy as 2021, where seemingly every alternative asset experienced astronomical gains. Instead, only a select few will provide substantial returns.
#Memes & #NFT prediction :
Memes will continue to play a significant role in the market, with constant growth and pumping. Additionally, the NFT market is expected to experience a surge sooner than anticipated.
US Elections #uselections
Furthermore, the upcoming US election results will undoubtedly impact the market, adding an extra layer of uncertainty to the already unpredictable world of cryptocurrency.
In conclusion, while some may be calling for a $100,000+ bull top for BTC, I firmly believe that a more conservative estimate of $85,000 to $90,000 is in store for this cycle. As always, it's essential to stay informed and adapt to the ever-changing market landscape.
Note :
Please keep in mind that this is a speculative article and not investment advice. Cryptocurrency investments carry risks, and it's crucial to do your own research and consider your risk tolerance before making any investment decisions.
#BTCPricePredictions

#TrumpInCrypto #TrumpSupportsCrypto #uselections #MarketExperts #Marketsentimentstoday

Introduction
The election of Donald Trump as the 45th President of the United States in 2016 sent shockwaves through global financial markets. His unorthodox policies, nationalist rhetoric, and promise to "Make America Great Again" represented a shift away from the globalist trend. Investors, businesses, and governments around the world faced uncertainty about the potential impact on trade, immigration, and economic growth. This article delves into how Trump's victory influenced global markets, focusing on key areas such as stock markets, currencies, trade, and industry.

Stock Markets: The Initial Surge

U.S. Market Reaction
In the immediate aftermath of Trump's victory, the U.S. stock market surged. The Dow Jones Industrial Average soared to new heights, with financials, energy, and industrials leading the charge. Investors reacted positively to Trump's promises of deregulation, tax cuts, and infrastructure spending. The S&P 500 and NASDAQ followed suit, both experiencing substantial gains.

Why the Rally?
Trump’s pro-business agenda was the main catalyst. His administration pledged to reduce corporate taxes, leading to expectations of higher corporate earnings. Additionally, the promise of deregulation, particularly in the financial and energy sectors, raised hopes for more profitability in these industries.

Global Market Response
Global stock markets also experienced significant changes. European stocks rallied initially, particularly in industries like defense and pharmaceuticals, which were expected to benefit from Trump's policies. In contrast, emerging markets saw a more volatile reaction due to fears of trade disruptions and capital outflows.

Emerging Markets Impact
Trump’s protectionist stance on trade and threats to impose tariffs on imports from countries like China and Mexico caused concerns in emerging markets. Investors began pulling capital out of these markets, fearing that U.S. policies could stifle growth in these economies.

Currency Markets: A Dollar Surge and Global Ripples

The U.S. Dollar Spike
Following Trump’s victory, the U.S. dollar surged against most major currencies. Investors flocked to the dollar as a safe haven amidst the uncertainty. Expectations of future interest rate hikes by the Federal Reserve further strengthened the greenback.

Impact on Global Trade
A stronger dollar made U.S. exports more expensive and less competitive in global markets. This created challenges for American manufacturers but also opportunities for foreign producers who could sell cheaper products to U.S. consumers

Effects on Emerging Market Currencies
Currencies in emerging markets, particularly those of Mexico and China, faced downward pressure as investors feared Trump’s trade policies could disrupt the global supply chain. The Mexican peso, in particular, saw a sharp decline due to Trump's promise to renegotiate NAFTA and impose tariffs on Mexican goods.

Trade and Industry: The Global Supply Chain Disruption

The Trump Tariffs and Trade Wars
One of the most significant impacts of Trump's presidency on global markets was his trade war with China. The imposition of tariffs on billions of dollars of Chinese goods sparked retaliatory tariffs from China on U.S. products. This not only affected the two largest economies but also sent ripples throughout the global supply chain.

Industries Hit Hard
Industries such as agriculture, technology, and automotive were hit particularly hard. U.S. farmers, for instance, faced decreased demand from China, a major importer of American soybeans and other agricultural products. Similarly, tech companies that relied on components from China faced rising costs, disrupting production and innovation.

Reconfiguring Supply Chains
Many companies began reconsidering their reliance on Chinese manufacturing due to the tariffs. This led to shifts in global supply chains, with some production moving to other Southeast Asian countries such as Vietnam and Indonesia, which were seen as alternatives to China.

Impact on Global Economies

U.S. Economic Growth
Trump’s policies had a mixed impact on the U.S. economy. While the tax cuts led to short-term economic growth and a boost in corporate profits, the trade war with China caused uncertainty in the global markets, leading to slowdowns in investment and manufacturing.

Global Economic Slowdown
The trade war also contributed to a global economic slowdown. The International Monetary Fund (IMF) and World Bank lowered global growth forecasts several times during Trump's presidency due to the uncertainty created by the trade tensions between the world’s two largest economies.

China’s Slowdown
China’s economic growth slowed as a result of the trade war, with exports to the U.S. decreasing and domestic consumption being affected by uncertainty. This slowdown in China had ripple effects on other economies, particularly those in Asia and Europe, that were heavily dependent on trade with China.

Conclusion: A Lasting Impact
The election of Donald Trump marked a significant turning point for global markets. While his pro-business policies initially sparked optimism in U.S. markets, his trade wars and protectionist stance caused significant disruption in global trade and investment. The impact of Trump’s presidency on global markets was characterized by volatility, with industries and economies around the world forced to adapt to a new, less predictable U.S. foreign policy. Even after his presidency, the changes to trade relationships, global supply chains, and market dynamics continue to shape the global economic landscape.
In conclusion, Trump's victory led to both immediate gains and long-term challenges for global markets, and its effects are likely to be felt for years to come.