Bitcoin; Global moves being made to accept Bitcoin as Legal Tender, and to use natural resources to create power, and mine it

Bitcoin is very revolutionary.  Here are the latest moves being made to adopt Bitcoin, and mine it to stabilize the power grid.  OTEC (Ocean Thermal Energy Conversion) technology utilized most in Hawaii, uses cold deep seawater with much warmer surface water to create power.  It is the MOST efficient way to mine Bitcoin.  In this article below, the future possibility of Hawaii becoming the next great Bitcoin mining hub is explored.  It may be a few years away.  Interesting article that looks promising, click here to read more.

 

Apparently, OTEC could create enough power to the grid, to someday power 1 billion people living close to the  warmest oceans.  Bitcoin mining makes it economically possible to do this.  El Salvador mines Bitcoin using steam from volcanoes.  They have accepted it as legal tender.  Remember, of the 44 countries that visited El Salvador to learn about Bitcoin as legal tender.  Many of them were coastal African nations.  They have the resources to mine Bitcoin using OTEC technology.  This could revolutionize the African continent someday!  It requires an eye to the future to see where blockchain and specifically Bitcoin, could take humanity.  Bringing power where it otherwise would be sporadic at best.  Mining a digital currency in some of the poorest countries in the world.  That is revolutionary.  It is a gift, and we need to use it the right way!  

 

Russia has a bill awaiting a vote to make Bitcoin legal tender in that country.  There is already Oil being traded for Rubles by 20 countries right now, and growing.  Soon they will be able to trade Oil for Bitcoin as well. Click here to see article.

 

The meeting about Bitcoin as legal tender just ended last Friday.  It will be exciting to find out what comes out of this.  Apparently, the representatives from these 44 countries were positive about Bitcoin, and could see the possibilities for their respective countries.  How many of them will adopt Bitcoin as legal tender?  This answer will go a long way in increasing the adoption of Bitcoin, and showing the world how it can be used for good!
 

This brings us to global macro analysis now.  We know the US dollar has lost tremendous buying power since 2020.  The DXY is falling faster now, and there is pressure forming to keep rates lower.  Below at a Brookings Institute speech, Ben Bernanke the former Fed Chairman said:

 

“Monetary policy is 98% talk.” - Ben Bernanke, former Fed Chair

So what does that tell us about the Fed policy lately of raising rates, hawkish?  Could it be a tell, that the Fed will reverse course soon?  Time will tell.  We think this is inevitable!  Here is the latest DXY chart.  It has come off of it’s peak of 105, by -2.7%.  There is A LOT more downside to the DXY chart in store.  Here is the chart below:

The next chart shows the 10 year treasury bond yields.  For 35 years, the 10 year bond has had a descending resistance line.  It has now touched that line and this resistance has never been broken.  It is the yellow line in the chart below:

This is telling us that 10 year bonds have peaked at 2.84%.  If they get much higher, the catastrophe that will unfold in markets will be too much to bear!  This is a tell, along with Ben Bernanke saying 98% of Fed Policy is talk.  This tell means the Fed reversal is fast approaching, bond yields will have to come down or at least hold steady where they are now.  There might be a June rate hike, but look for no rate hike in July.  Time will tell.  We don’t know.  Ben Bernanke, as a former Fed Chairmen lends massive credibility to this argument.

 

Bitcoin is looking strong pushing $31K.  It may just be a relief rally.  However, the strength coming out of the symettrical triangle it has been forming for almost two weeks.  This is something to watch for.  Has it ALREADY found the infamous bottom?: 

Yesterday was Bitcoin Pizza Day.  In 2010, Laszlo Hanyecz bought two pizza’s for 10,000 Bitcoin.  $300Million in today’s Bitcoin value.  These next two charts put this in to perspective:

Bitcoin may be in a bear market now.  This relief rally we see forming may not last very long either.  No way to know for certain.  We DO think QE (quantitative easing) will come back this year, and that is always bullish for Bitcoin.  Don’t sell into this dip.  Bitcoin is a very long term investment.  We are not financial advisors and this is not financial advise.  Hold Bitcoin longterm.  It never stops going up, because the US dollar is backed by nothing.  The petrodollar system has been destroyed by Russia and China.  Inflation will be MUCH worse by 2024!  Yes this is a warning!  Bitcoin won’t be a decision for that much longer.  It will become a necessity at some point.  Until then, you have a chance to stack Bitcoin under $40K.  That is a blessing, an opportunity.  This is why Bitcoin is a lifeboat.  It is good for humanity, and taking advantage of it’s undervaluation right now, is prudent.

 

Neutral ATM is here to get everyone off of zero Bitcoin.

 

Give Neutral ATM a try.  We have low rates, convenient locations and we are expanding. Contact Neutral ATM, we will answer all your questions about Bitcoin and using our ATM machines. Find a Neutral ATM Bitcoin machine location near you.