Bitcoin Buyers Club

WOW! US spot Bitcoin ETFs surpass Satoshi's estimated 1.1 million BTC holdings according to Coinstack and The Block: "The ETFs have generated over $33 billion in net inflows to date, with bitcoin’s recent price surge pushing them to more than $100 billion in assets under management." Happy Holidays BTC investors!
https://www.theblock.co/post/327831/us-spot-bitcoin-etfs-surpass-satoshis-estimated-1-1-million-btc?utm_source=coinstack.beehiiv.com&utm_medium=newsletter&utm_campaign=us-bitcoin-etfs-surpass-satoshi-s-1-1-million-btc-holdings&_bhlid=82bb4b7842c5ad9d02a64ddd43e9343f62c1ae74.

It's been a good week for Bitcoin ETFs on the heels of the Head Fed's remarks last Friday in Jackson Hole. Sounds like an interest rate cut is looming on the horizon and it's signaling investment in Bitcoin. Hear, hear!🙌https://cryptoslate.com/bitcoin-sees-543million-in-inflows-after-powells-dovish-remarks/

Bitcoin sees $543 million in inflows after Powell's dovish remarks According to CoinShares, crypto investment products saw their largest inflows in five weeks, with $543 million pouring into Bitcoin

Bitcoin used to get dinged for being an energy hog and being bad for the environment. But wait there's a new contender for that title and it's NO surprise it's AI! Check out this chart from Wired, crazy huh? Now check out this blogpost from Jim, our CEO, about this very topic exploring how stranded energy can be repurposed for BTC mining way more efficiently. A resource totally impractical for the massive AI power needs: https://medium.com/coinmonks/ai-btc-the-locust-and-dung-beetle-286b4796b29f

Happy Bitcoin Pizza Day! It's not an urban legend! It really happened! This chronicle of the actual event resulting in the annual celebration is from the Coinbase Bytes Newsletter today:

A brief history of Bitcoin Pizza Day, crypto’s cheesiest holiday

“I just wanted to report that I successfully traded 10,000 bitcoins for pizza,” wrote Florida-based programmer Laszlo Hanyecz on May 22, 2010, documenting the first-known BTC transaction for a physical good — a moment we now commemorate each year as Bitcoin Pizza Day.

What exactly happened?

Fourteen years ago, Hanyecz posted on a bitcoin forum offering 10,000 BTC (worth about $40) to anyone willing to send him pizza. A college student named Jeremy Sturdivant took him up on the deal and had two large Papa John’s pizzas delivered to Hanyecz’s house.

At the time, there weren’t any systems in place that would allow for seamless crypto transactions, so Sturdivant used cash to pay for the order. The entire deal — from the time Hanyecz posted his request until he received the pizzas — took two days.

How much would the BTC be worth today?

Just a little bit more. As of Monday, 10,000 BTC was worth about $677 million, or roughly 35 million large cheese pizzas.

Did Sturdivant hold on to the BTC?

Nope! He eventually sold it to fund a trip with his girlfriend.

Does Hanyecz regret spending that much BTC on pizza instead of HODLing?

“I don’t regret it,” he told Cointelegraph in 2018. “I think that it's great that I got to be part of the early history of Bitcoin … I’d like to think that what I did helped.”

Wow yesterday was a big BTC day breaching $72,000! For you market analyst junkies who like to get into the weeds re: factors currently impacting the price of BTC, here's a great read:

BTC price blasts through $70K — 5 things to know in Bitcoin this week Bitcoin sets new all-time highs in advance of ETF buying resuming as BTC price action pushes past $71,000.

Wondering how Ordinals is impacting Web3 interest and Bitcoin? Will they have a significant affect or be a flash in the pan, similar to NFTs' rapid rise and subsequent fizzle out? Check out this blog post from CEO Jim Fox:

Will Ordinals play a role in reviving interest in Web3? Last weekend I went to the launch of a new space in San Francisco, CypherPunk Lab. It’s an Ordinals digital art gallery/coworking…

So is it FOMO or greed that's driving BTC the last few days? The halving is only weeks away so that's more than likely a factor too. The spot ETFs are also crushing it: the new nine bitcoin ETFs have already broken their all time daily volume record w/ $2.6B. So there's that. But honestly we don't care, we're just SO ecstatic that BTC touched $64,000 earlier today! Woohoo!

Bitcoin price hits $64K as traders anticipate new all-time high before halving Bitcoin price hit a new 2024 high at $64,000, and the halving is still two months away.

Alas, no crypto ads in this year's Super Bowl lineup! Not surprising after the FTX implosion and the associated celebrities who got caught in the epic downfall...they're no doubt happy to sit this one out and are hoping memories are short among viewers (looking at you Larry David, Gisele, and Tom Brady!) 🤣 I for one am excited to see the always hilarious Kate McKinnon in the Hellman's Mayo ad!

At this year’s Super Bowl, crypto and AI are out, insurance and mayo are in | CNN Business For many, the Super Bowl is a three-hour showcase of ads with a football game shown occasionally during the breaks.

Here's a great dashboard image to mark the countdown to the next Bitcoin halving event. If you're not familiar with the significance of the halving event that happens every four years, check out this link to find out more fun facts about it (e.g it happens every 210,000 blocks, to reduce the total number of available BTC by half, hence the name.) https://www.bitpanda.com/academy/en/lessons/what-is-a-bitcoin-halving-and-what-happens-on-the-network/

Crack open that piggy bank! Eleven Bitcoin spot ETFs have been approved by the SEC. A BTC spot ETF means that the fund actually holds BTC. So if you've been waiting and wondering how to invest, here's your opportunity!

Bitcoin ETFs Win SEC Approval, Bringing Easier Access to Biggest Cryptocurrency The asset management industry has tried launching a spot bitcoin ETF for over a decade. Hopes are high they will lure more investors into crypto.

With BTC's fantastic growth in 2023, CEO Jim Fox believes that 2024 is going to be the year that every Bitcoin fan stacks Sats, especially with BTC touching $47,000 earlier this week and hovering around $46,000 today. Get ready for the new year! Here's your new Bitcoin strategy for 2024!

2024 is the Year of Stacking Sats Well it’s officially 2024. I hope everyone enjoyed the holidays. I managed to take an extended vacation to the UK and South Africa.

It's BTC's 15th birthday! Woohoo! January 3rd is the official anniversary of Bitcoin when Satoshi Nakamoto mined the Genesis block of the Bitcoin network. Read on for more fun history! Find out why the first 50 bitcoins mined are "unspendable" (in today's money, that represents a whopping $2.2 million, based on BTC's current trading at 44,000USD!)

Happy 15th Birthday, Bitcoin: Here’s The Journey So Far Fifteen years later, bitcoin has altered the landscape of digital assets and the global financial market.