To investors, Will Clemente breaks down this week’s bitcoin situation using on-chain metrics to separate the signal from the noise. You can follow Will on Twitter or sign up for his email by clicking here. Here is Will’s analysis: Hope all is well and you had a great week. It’s been yet another week of ranging for Bitcoin, with price trading in this current $30K-$40K range for over 6 weeks now. Let’s dive into this week’s on-chain overview for 6/25 to 7/1, hope you enjoy.
Hey Pomp, not sure if you saw this announcement. Biden just ordered that millions of methane leaking wells be capped. $21B is being allocated to this initiative. Bitcoin miners could conceivably be paid by the government to dispose of methane gas. Phenomenal timing as thousands of miners are on boats to the USA.
This is a huge story for bitcoin mining that seems to have slipped past crypto twitter's radar and maybe something you can do a newsletter on.
Hey Pomp, not sure if you saw this announcement. Biden just ordered that millions of methane leaking wells be capped. $21B is being allocated to this initiative. Bitcoin miners could conceivably be paid by the government to dispose of methane gas. Phenomenal timing as thousands of miners are on boats to the USA.
This is a huge story for bitcoin mining that seems to have slipped past crypto twitter's radar and maybe something you can do a newsletter on.
https://twitter.com/Forbes/status/1410415384767913984