and the necessity to reduce Russia's foreign currency reserves have generated headlines.
Russian President Highlights Bitcoin
Putin told an investment conference in Moscow that the current geopolitical climate, especially after the West froze $300 billion in Russian reserves due to the Ukraine conflict, raises legitimate questions about holding state reserves in foreign currencies.
Putin said that these assets are easily seized for political reasons, making local investments in infrastructure, logistics, research, and education more appealing than foreign assets.
“A legitimate question: why accumulate reserves if they can be lost so easily?” he said, highlighting the volatility and hazards of keeping reserves in currencies that might be “easily manipulated by foreign powers.”
The Russian leader accused the US government of exploiting the dollar as a “political tool,” weakening its standing as the global reserve currency. It's apparently forced numerous governments to pursue Bitcoin and other digital assets.
Putin said, “No one can prohibit the use of Bitcoin or other digital assets,” pointing to the need for cheaper, more reliable payment technology.
Putin's statements came amid G7 negotiations about using frozen Russian cash to help Ukraine, highlighting geopolitical pressures affecting Russia's financial plans.
Putin has authorized measures to control cryptocurrency mining and transactions by taxing them.
Digital currencies are property under Russia's Tax Code, hence mining and sales are VAT-free. However, mining operations must report to local authorities and face fines for noncompliance.
This legislation shows Russia's desire to regulate but embrace digital currencies, which might boost financial independence after a 2022 ban on Bitcoin mining and other crypto businesses.
Putin approved rules authorizing the Central Bank to investigate cross-border cryptocurrency transactions earlier this year.
#Russia #Putin $BTC #BitcoinPizzaDay2024 #CryptoHistoricMoment #XRPTrends #ETHOnTheRise #Write2Earn!

$BTC Bitcoin has surged past the $100,000 mark for the first time, driven by a massive rally following Donald Trump's election victory2. The cryptocurrency's value skyrocketed from $69,374 on Election Day to a peak of $103,713. This unprecedented rise is fueled by Trump's pro-crypto stance and his plans to nominate cryptocurrency advocate Paul Atkins as the next chair of the Securities and Exchange Commission4. Despite the excitement, experts continue to caution about the inherent risks and volatility in the crypto market
#btc1ook #BTCBreaking100KAgain? #BitcoinPizzaDay2024

$BTC
Bitcoin's price prediction for 2025 is highly anticipated and subject to various expert opinions. While some analysts are cautiously optimistic, others are more bullish, with predictions ranging from $100,000 to $200,000.
Here are some key factors influencing these predictions:
Positive Factors:
* Halving Event: The upcoming halving event in 2024 could significantly reduce the supply of new Bitcoin, potentially driving up demand and prices.
* Institutional Adoption: Increased institutional interest and investment in Bitcoin could further propel its value.
* Spot Bitcoin ETFs: The recent approval of spot Bitcoin ETFs in the US is expected to attract more mainstream investors.
* Global Economic Uncertainty: Economic instability and inflation could drive investors towards Bitcoin as a hedge against traditional assets.
Negative Factors:
* Regulatory Risks: Stricter regulations in certain countries could dampen Bitcoin's growth.
* Market Volatility: Bitcoin is known for its price volatility, which can lead to significant fluctuations.
* Competition from Other Cryptocurrencies: The emergence of new cryptocurrencies with innovative features could divert investor attention.
Expert Predictions:
* Perianne Boring (CEO of the Digital Chamber): Predicts Bitcoin could reach $800,000 by 2025 due to favorable economic policies.
* Thomas Lee (CIO of Fundstrat Capital): Believes the next 12 months look good for Bitcoin, suggesting potential upside.
* Gautam Chhugani (Bernstein Analyst): Forecasts a $200,000 Bitcoin price by the end of 2025.
It's important to remember that these are just predictions, and the actual price of Bitcoin in 2025 will depend on various factors that are difficult to predict accurately. As always, it's advisable to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
#BTC500K #BitcoinPizzaDay2024
#BitcoinKeyZone

Marathon Digital's acquisition of 1,423 BTC for approximately $139.5 million demonstrates its continued strategy of leveraging capital markets to bolster its Bitcoin holdings. Here's a detailed breakdown:
Key Highlights:
Bitcoin Acquisition:Amount: 1,423 BTC.Value: ~$139.5 million.Timeframe: Acquired within six hours.Convertible Notes Issuance:Second Issuance Total: $850 million.Purpose: Primarily to purchase Bitcoin and repurchase existing notes due in 2026.Strategic Implications:Marathon Digital is reinforcing its position as a significant institutional participant in the Bitcoin ecosystem.The purchase aligns with its strategy of increasing balance sheet flexibility through Bitcoin holdings.
Financial Mechanism:
Convertible Notes:A method to raise capital while offering investors the opportunity to convert debt into equity.Highlights the company's confidence in Bitcoin's long-term value and its commitment to remaining competitive in the cryptocurrency space.
Broader Implications:
Marathon Digital's proactive approach signals its belief in Bitcoin's potential for growth and its utility as a store of value.By leveraging financial instruments and actively acquiring Bitcoin, Marathon positions itself to benefit from future market appreciation.
Market Context:
This acquisition comes amid a volatile period for Bitcoin, emphasizing the company's high-conviction strategy despite short-term fluctuations.
Marathon Digital continues to strengthen its foothold in the cryptocurrency sector, adapting its financial strategies to align with evolving market conditions.
#ETH🔥🔥🔥🔥 #BTC500K #BTC☀ #BitcoinPizzaDay2024 #Write2Earn!

On December 9, 2024, Bitcoin reached a significant price point, trading at 99,046.57 USDT on Binance. The cryptocurrency experienced a slight 24-hour decline of 1.10%, narrowly crossing the $99,000 benchmark.

Key Details:
Current Price: $99,046.5724-Hour Change: -1.10%Trading Platform: Binance
The market continues to closely monitor Bitcoin's price movement as it approaches the $100,000 threshold.
#BTC100Ksoon #BitcoinTherapist #Bitcoin❗ #BitcoinPizzaDay2024 #bitcoin☀️

#BitcoinKeyZone " data-hashtag="#BitcoinKeyZone" class="tag">#BitcoinKeyZone Predicting the future price of Bitcoin (or any cryptocurrency) is inherently speculative and involves significant uncertainty due to a variety of factors. However, here are some key aspects that could influence Bitcoin’s future:

1. Adoption and Institutional Investment
• Increasing adoption: If more businesses, governments, or financial institutions integrate Bitcoin into their operations or investment portfolios, demand could increase, potentially driving prices higher.
• Institutional investment: Major firms like Tesla, MicroStrategy, and others have already invested in Bitcoin. Continued institutional involvement, or the launch of financial products like Bitcoin ETFs, could lead to more liquidity and price increases.

2. Regulation and Legal Landscape
• Global regulation: Governments around the world are working on defining how to regulate Bitcoin and other cryptocurrencies. Stricter regulations (e.g., on anti-money laundering or taxation) could create downward pressure, while positive regulatory clarity could lead to more investment and growth.
• Central Bank Digital Currencies (CBDCs): The rise of government-backed digital currencies might create competition for Bitcoin, but could also legitimize the idea of digital money, indirectly supporting Bitcoin’s position as a store of value.

3. Network Upgrades and Technological Developments
• Bitcoin network improvements: If the Bitcoin network can scale more effectively (e.g., through solutions like the Lightning Network), it could become more usable for everyday transactions, improving its long-term value proposition.
• Security issues: Bitcoin has a long track record of security, but any major vulnerabilities (e.g., a bug in the protocol or a successful attack) could negatively impact trust in the network.
4. Market Sentiment and Volatility
• Media and investor sentiment: Bitcoin’s price has historically been driven by market sentiment, which can be influenced by news, social media, or public figures. Speculative bubbles can lead to rapid price increases followed by sharp#BitcoinKeyZone " data-hashtag="#BitcoinKeyZone" class="tag">#BitcoinKeyZone #BitcoinPizzaDay2024

City staff are now charged with conducting a thorough analysis of this proposal.
$BTC
Key Takeaways

The Vancouver City Council has approved a motion to make the city "Bitcoin-friendly."
Mayor Sim advocates for the adoption of Bitcoin as a means to protect the city’s purchasing power from inflationary pressures.
Vancouver City Council has greenlit a proposal to explore the incorporation of Bitcoin into municipal financial operations, including the possibility of holding Bitcoin as a reserve asset and accepting it for payments.
The motion, submitted by Mayor Ken Sim, passed during a council meeting on Wednesday with the support of six councilors, effectively directing city staff to explore the feasibility of making Vancouver a “Bitcoin-friendly city.”

Mayor Sim, who owns shares in Coinbase Global Inc., believes that adopting Bitcoin as part of the city’s financial strategy will help safeguard its purchasing power against inflation. He has pledged to donate $10,000 worth of Bitcoin to the city.

“Our family is going to donate $10,000 to the City of Vancouver in the form of bitcoin and this is going to be a gift to the city that we love,” he said during the meeting. “We totally believe in the benefits of this and we’re putting our money where our mouth is.”

The proposal has faced opposition from local experts and government officials due to Bitcoin’s price volatility.
The Ministry of Housing and Municipal Affairs stated that neither the Community Charter nor the Vancouver Charter recognizes crypto as payment for “municipal services or other transactions.” The ministry also confirmed that local governments cannot hold financial reserves in digital assets.

Green Councilor Pete Fry, who opposed the motion, expressed concerns about illicit activities.

“In the absence of any really specific acknowledgement of … the very serious issues around money laundering and the history in this city, I don’t think this is a step in the right direction,” he said.

City staff is now tasked with analyzing the initiative and delivering a detailed report by the end of Q1 2025, examining the risks, benefits, and practical considerations of Bitcoin asset management. The plan includes consulting with financial advisors, crypto experts, and community stakeholders.
#BitcoinPizzaDay2024
The push for Bitcoin adoption has been on the rise since Donald Trump’s election victory. Trump has expressed intentions to create a more favorable regulatory environment for the crypto industry.

The trend is now expanding on a global scale, with discussions around a strategic Bitcoin reserve gaining traction among other nations’ lawmakers. Last month, Switzerland’s Canton of Bern passed a proposal to explore Bitcoin mining as a solution to excess energy utilization and power grid stabilization.

Halo, teman-teman! Kita ngomongin Bitcoin nih. Katanya bakal tembus 1 juta dollar! Woi, ini bukan lagi investasi, ini udah kayak superhero origin story.
Dulu, tahun 2010, ada orang beli dua pizza dengan 10 ribu Bitcoin. Hari ini, itu pizza udah jadi pizza termahal sepanjang sejarah umat manusia. Bayangin kalau Bitcoin tembus 1 juta dollar, artinya dua pizza itu nilainya 10 miliar dolar. Woi! Pizza apa tuh? Pizza rasa emas? Atau topping-nya berlian tabur?
Dan ngomong-ngomong, kita semua tau siapa yang suka bikin harga Bitcoin naik turun kayak roller coaster. Siapa lagi kalau bukan Elon Musk! Satu tweet dia aja bikin orang kaya mendadak, terus tweet berikutnya bikin semua orang nyangkut. Elon ini kayak DJ pasar crypto—dia remix harga Bitcoin cuma buat seru-seruan!
Tapi jujur, kalau Bitcoin tembus 1 juta dollar, Elon nggak perlu nge-tweet lagi. Dia bakal nge-print NFT wajah dia di bulan sambil bilang, “Ini semua gara-gara saya.”

Ngomongin orang kaya, saya penasaran gimana reaksi tiga orang terkaya di dunia sekarang:
Bernard Arnault si raja luxury brand. Kalau Bitcoin 1 juta dolar, dia bakal bikin koleksi dompet Louis Vuitton khusus buat nyimpen private key. Limited edition! Harga? 5 Bitcoin.Elon Musk pasti langsung bikin Tesla baru, bayar pake Bitcoin, dengan bonus fitur autopilot yang bisa beli crypto saat crash.Jeff Bezos? Ah, dia mungkin langsung bikin Amazon Prime khusus buat miner, gratis pengiriman rig ke bulan.
Tapi ini paling lucu. Dulu ada orang jual pisang dilakban ke tembok seharga jutaan dolar, katanya seni modern. Kalau Bitcoin 1 juta dolar, saya yakin bakal ada yang jual lakban-nya aja seharga satu Bitcoin. Namanya? "Crypto Tape: Hold Strong."
Jadi teman-teman, kalau Bitcoin 1 juta dolar, saya cuma punya satu pertanyaan: Siapa yang masih mau beli pizza pake Bitcoin? Kalau ada yang mau, saya pesen satu pizza, tapi bayarannya 0,0001 Bitcoin aja, ya. Makasih!
Sekian dari saya, dan jangan lupa: Jangan pernah jual pisang ke tembok sebelum Bitcoin beneran ke 1 juta dolar.

#BitcoinTherapist #BitcoinPizzaDay2024 #bitcoin☀️ #Bitcoinarena