Welcome to the Bitcoin Street Journal, Bitcoin
Market Update, the podcast that brings you daily
live updates on the ever -changing Bitcoin market.
Stay informed with our in -depth Bitcoin headline
news and technical analysis as we explore the
current status of Bitcoin, BTC, market capitalization
and market supply. Get ready to dive into the
world of Bitcoin and stay ahead of the game.
In today's episode, we'll cover Bloomberg's mini
-documentary on America's looming debt spiral,
SEC Chair Gary Gensler's undecided stance on
Bitcoin ETF approval, Bitcoin mining's use of
hydroelectric energy, the significant ownership
of Bitcoin by long -term holders, how Bitcoin
makes the world cheaper compared to fiat, former
PayPal president and Facebook messenger head
David Marcus's dedication to Bitcoin, the global
distribution of Bitcoinies POS machines for merchant
adoption, SEC delays in Bitcoin ETF decisions,
the embrace of Bitcoin by the Peru community,
the composition of global hashrati with only
28 % attributed to public miners, and the upcoming
celebration of the 100th episode of the Bitcoin
Street Journal podcast. So have you heard the
latest news? Bloomberg has just released a mini
documentary called America's Looming Debt Spiral.
It's definitely something worth checking out.
Now let's switch gears and talk about Bitcoin.
Ah, Bitcoin, the solution to many problems. It's
interesting, isn't it? The SEC chair, Gary Gensler,
who seems to have a reputation for being a professional
clown, is keeping everyone on their toes. He
refuses to say whether the SEC will approve spot
Bitcoin ETFs. It's quite the suspenseful situation,
don't you think? Speaking of Bitcoin, have you
ever wondered why so many people just buy and
hold it? It's a valid question, right? Well...
there must be a reason for it. Maybe they see
something in Bitcoin that others don't. Perhaps
it's potential for growth or the security it
offers. Whatever it may be, there's definitely
a motive behind the hodling frenzy. Here's an
interesting fact for you. Did you know that a
whopping 23 % of Bitcoin mining is powered by
hydroelectric energy? That's right. Water is
the driving force behind a significant portion
of Bitcoin's mining operations. It's actually
quite impressive when you consider that the use
of fossil fuels dominates most major industries.
Bitcoin has found a greener way to thrive and
it's worth taking note of. Oh, and let's not
forget that the percentage of Bitcoin supply
held by long -term holders has just reached a
record high of 76 .09%. That's quite a remarkable
achievement. It shows that people have immense
confidence in the future of Bitcoin and are willing
to hold onto it for the long haul. It's a strong
indicator of the stability and potential of this
cryptocurrency. Now let's talk about the impact
of Bitcoin on the world. With Bitcoin, the world
becomes a more affordable place. When you compare
it to traditional fiat currencies, you'll notice
that things can get pretty pricey with the latter.
But with Bitcoin, there's a different story.
It provides an alternative that offers more financial
freedom and accessibility to individuals around
the globe. So it's important to act accordingly
and consider this game changer in your financial
decisions. It's fascinating how Bitcoin has shaken
up the world. Whether it's providing greener
alternatives to energy consumption or enabling
individuals to have more control over their finances,
Bitcoin continues to make waves. These recent
developments and achievements indicate that Bitcoin
is here to stay and will continue to play a significant
role in shaping our financial landscape. So keep
an eye on those Bitcoin ETFs and stay tuned for
more updates. It's an exciting time in the world
of cryptocurrencies and Bitcoin is leading the
charge. Get ready for a revolution in how we
perceive and interact with money. So here's the
scoop. The former president of PayPal and the
head of Facebook Messenger and Payments, David
Marcus, is apparently on a mission to dedicate
his life to Bitcoin. Yep, you heard it right.
Bitcoin is his life mission. Talk about commitment.
But that's not all. Brace yourself for some exciting
news. There's a new player in town and it goes
by the name of BitcoinizePoS Machines. These
machines have been making their way around the
world, reaching different corners of the globe.
It's like they're on a world tour spreading the
gospel of Bitcoin. Now let's get into the nitty
gritty details. These Bitcoin point of sales,
POS machines, are the brainchild of Fernando
Motoleze, a visionary from the Brazilian Bitcoin
community. He designed these machines with one
goal in mind, to drive global merchant adoption
of Bitcoin. And boy are they poised to do just
that. Imagine this. You're a merchant, running
your own business, and you want to hop on the
Bitcoin train. You've heard it's the currency
of the future, and you don't want to miss out.
Enter the Bitcoinese PoS machine, your new best
friend in the world of cryptocurrencies. These
machines enable merchants to accept Bitcoin as
a form of payment, making it easier for customers
to engage with this digital currency. No more
fumbling for cash or swiping credit cards, just
a seamless transaction with a scan of a QR code
and voila, payment complete. But why is this
big news? Well, let's think about it. With these
Bitcoinized POS machines flooding the market,
we can expect to see a surge in Bitcoin adoption
among merchants globally. It's all about convenience,
after all. And here's the thing, folks. When
more merchants start accepting Bitcoin, it creates
a domino effect. Customers see their favorite
stores or businesses embracing this digital currency,
and they become more inclined to hop on the bandwagon
themselves. It's like a ripple effect, spreading
across different industries and sectors. Suddenly,
everyone wants to be a part of this Bitcoin revolution.
And with David Marcus, a prominent figure with
a wealth of experience in the tech and payment
industry, dedicating his life to Bitcoin, we
can only expect an even bigger surge in adoption.
Now, let's take a moment to appreciate the genius
behind these Bitcoinese PoS machines. Fernando
Modalize, with his Brazilian Bitcoin community,
saw the potential for global impact and decided
to take action. He knew that if he could make
it easier for merchants to accept Bitcoin, it
would open up a world of possibilities. No longer
would Bitcoin be seen as some mysterious digital
currency reserved for tech savvy individuals.
Instead, it would become accessible to the everyday
consumer, becoming an integral part of their
shopping experience. And that's exactly what
these Bitcoinized PoS machines are doing. They're
breaking down barriers and making Bitcoin mainstream.
It's no longer just a conversation among tech
enthusiasts. It's a reality that we can all embrace.
So next time you're at your favorite store and
you see that shiny Bitcoinese PoS machine sitting
on the counter, take a moment to appreciate the
journey we're on. We're witnessing a transformation
in the way we think about money and payment systems.
And who knows what the future holds? With David
Marcus devoting his life to Bitcoin and Fernando
Modalisi's Bitcoinese PoS machines. paving the
way for global adoption, we may just be at the
cusp of something truly revolutionary. So keep
your eyes peeled, folks. This is just the beginning.
The world of cryptocurrencies is expanding and
Bitcoin is leading the charge. Are you ready
to join the movement? Only time will tell. So
I've got some exciting news for you all. Keep
your ears open because a new wave of Bitcoinized
POS machines is about to make its mark worldwide.
Yep, you heard that right. Fernando Modolece,
a genius in the Brazilian Bitcoin community,
has designed these innovative Bitcoin point of
sales machines. And they're ready to take the
world by storm. They're like ambassadors for
Bitcoin, helping merchants all over the globe
to embrace this digital currency. Talk about
driving global adoption, right? In other Bitcoin
news, September has turned out to be a winner
for our favorite digital currency. It's the first
time since 2016 that Bitcoin has seen a positive
September. Cue the applause and fireworks. It's
a good sign that Bitcoin is still going strong
and leaving its mark on the financial world.
Now, let me fill you in on something you might
have missed. The SEC, that's the U .S. Securities
and Exchange Commission, has delayed making decisions
on some proposed spot Bitcoin ETFs. The ETFs
in question are from big players like Wisdom
Tree, Vanek and Fidelity. Why the delay, you
ask? Well... It looks like they're waiting to
see what happens with a possible government shutdown.
Keep your eyes peeled, folks. This could be a
game changer. All right, let's dive into the
latest episode of the Bitcoin podcast. They've
got a lot to cover, so brace yourselves. First
up, we have some alarming news about household
and government debt in the good old USA. It seems
we've got ourselves a bit of a predicament on
our hands. Hopefully, Bitcoin can come to the
rescue and offer some solutions. We're rooting
for you, Bitcoin. Next, let's talk about Chase
Bank. They've been in some hot water lately,
facing scandals left and right. But here's the
interesting part. They've been bashing Bitcoin
while all this chaos is going on. Talk about
hypocrisy. It's like the pot calling the kettle
black. Come on, Chase. Let's focus on sorting
out your own mess before pointing fingers at
Bitcoin. And now for some quick news on BTC mining
and investments. Brace yourselves because this
might blow your mind. We're nearing the end,
my friends. There's less than 1 .5 million Bitcoins
left to be mined. Yes. You heard it right. The
clock is ticking, so don't get left behind without
your full coin. Time is of the essence. Now let's
head to Peru, shall we? There's a community near
Cusco that's leading the way in adopting Bitcoin.
How cool is that? They're using Bitcoin to make
transactions and embrace this digital revolution.
They're showing the world that Bitcoin is more
than just a trend. It's a game changer. If you
want to see it for yourself, check out the videos
by Paco de la India and Wicked. They've captured
the essence of this movement and shared it for
all to see. Get ready to be inspired. So, my
friends, that's all the Bitcoin news we have
for today. Keep your eyes peeled for those Bitcoinese
PoS machines popping up in your neighborhood.
And remember, Bitcoin is here to stay. Let's
keep driving that global adoption and see where
this digital currency takes us. Until next time,
stay Bitcoinized. Public miners may not be the
majority when it comes to global hashrati. In
fact, they only account for approximately 28
percent. The remaining hashrati is in the hands
of private miners, companies and possibly even
nation states. It's quite a diverse mix of players
in the Bitcoin mining game. These statistics
are based on data gathered by the hashrati index.
They keep track of the distribution of hashrati
in the Bitcoin network, providing valuable insights
into the mining landscape. It's fascinating to
see how different entities contribute to the
security and functioning of the network. Speaking
of Bitcoin, it has often been compared to a rocket
ship that takes you to the moon. It's a metaphor
used to highlight the incredible growth potential
and financial opportunities that Bitcoin presents.
The video by Rob Wallace, which you can find
at the link provided, delves into this idea further.
It's definitely worth a watch if you're interested
in exploring the exciting prospects of Bitcoin.
Now let's focus on a specific Bitcoin initiative
called My First Bitcoin. This initiative is dedicated
to educating people from all around the globe
about Bitcoin. Recently they took their teachings
to Mendoza, Argentina. It's great to see efforts
being made to spread awareness and knowledge
about this transformative technology. Check out
the link to Esculita Bitcoin's post to learn
more about their work in Mendoza. Oh, and just
in case you were wondering, the next difficulty
adjustment for Bitcoin is scheduled for Tuesday.
This adjustment will result in a downward readjustment
of approximately minus 1%. Difficulty adjustments
are an important aspect of maintaining the stability
and security of the Bitcoin network. If you're
curious about the Lightning Network, there's
a live snapshot available for you to explore.
The Lightning Network is a Layer 2 solution built
on top of the Bitcoin blockchain. It aims to
facilitate faster and cheaper transactions through
the use of payment channels. The snapshot will
give you a glimpse into the current state of
the Lightning Network and its growth. Lastly,
it's worth noting that the number of unconfirmed
transactions in the Bitcoin network is currently
below 100 ,000. This is great news for users
as it means that transactions are being processed
relatively quickly. The scalability of the Bitcoin
network has been a subject of discussion, and
progress is being made to improve the transaction
throughput. All in all, these updates provide
a snapshot of various aspects of the Bitcoin
ecosystem. From the distribution of Hashrate
to educational initiatives, difficulty adjustments,
and the Lightning Network, there's always something
interesting happening in the world of Bitcoin.
It's a dynamic and ever -evolving space. And
staying informed is key to understanding the
potential impact of this revolutionary technology.
Hey, everyone. Can you believe it? We're almost
at our 100th podcast episode on the Bitcoin Street
Journal. It's been an incredible journey and
we couldn't have come this far without all of
you. So thank you for being with us every step
of the way. Now, we want to celebrate this milestone
with you in our next episode, which is going
to be truly special and historical. We've got
some surprises in store that we know you'll love.
Trust us. You won't want to miss it. But hey,
we have a small favor to ask. As you know, running
a podcast takes a lot of time, effort, and resources.
That's why we would greatly appreciate your support.
And guess what? It's super easy to do. You can
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We appreciate each and every one of you. Stay
tuned for our 100th episode and let's make it
an unforgettable celebration together. Remember,
you can find us on Fountain .com, Noster Build,
Spotify, Amazon Music, RSS .com, Pandora, Samsung
Podcasts, Apple iTunes, iHeartRadio, and many
more platforms. Show your support and spread
the word about the Bitcoin Street Journal. Thanks
for being awesome. In today's episode, we explored
topics ranging from Bloomberg's documentary on
America's looming debt spiral to the global merchant
adoption facilitated by Bitcoinese PoS machines,
as well as the significant contributions of long
-term holders and private miners to the Bitcoin
ecosystem. We also shared exciting news about
the upcoming 100th episode of the Bitcoin Street
Journal. Don't forget to support us on various
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you for tuning in to the Bitcoin Street Journal
Bitcoin Market Update, your go -to source for
daily live headline news breakdowns, Bitcoin
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BTC price fluctuations, market capitalization
and market supply. Make sure to subscribe and
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