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Humble Bitcoiners!
It's Tuesday, so get your coffee ready, stack some sats and sit down for your daily dose of Bitcoin signal!
The price might go up and down, but our conviction only goes up.
Don't forget to stack though! |
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Today's Rundown: - Perfect Allocation: What is the perfect allocation of bitcoin in my portfolio?
- Subscribe With Lightning:Â Substack adds Lightning payments optionality for a subset of subscribers.
- Path To Legal Tender:Â Bitcoin ATMs are getting installed in preparation for bitcoin becoming legal tender.
- Bitcoin Is Language II:Â Bitcoin as a savings technology alleviates future uncertainty.
Let's do this. |
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How Much Of My Portfolio Should Be Allocated To Bitcoin?
By Joakim Book
The answer to this question varies based on different circumstances in people’s lives.
When you open yourself to bitcoin, this is the first and main question you face. How much of my portfolio should I allocate to bitcoin?Â
According to Risk/Diversification Strategies and Fund Managers, the number is said to range between 2% up to 6%. This is according to the risk asymmetry the asset provides, where a little exposure such as the afore mentioned, could become a life changing portion if the thesis plays out. On the contrary, it could be too small an impact if it does not.
In any given way, there are three main factors to consider, given the fact that Bitcoin is volatile: - Timing
- Risk Tolerance
- Income Security
"For most maxis, this question is on the ridiculous side: naturally, as much as humanly (or prudently) possible. Die-hard maxis borrow fiat to acquire more sats — the Pierre Rochard speculative attack. If you hold any other asset than BTC, you're effectively shorting bitcoin; you don’t want to short bitcoin." - Joakim Book. |
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Email Subscription Platform Substack, Adds Bitcoin Lightning Payments
By Alex McShane Substack, with over half a million subscribers, announced Monday it has integrated bitcoin Lightning payments in collaboration with OpenNode, a payment processor offering bitcoin and Lightning optimized API solutions for businesses.Â
These will not only allow content creators to have subscribers pay in bitcoin, but they could decide to maintain the exposure in the native asset, without having to turn it back into U.S. dollars. In other words, Substack is joining the Bitcoin monetary network. |
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Click the links:
1. New SEC Chair declares 'Nakamoto Invention Is Real' while warning exchanges about trading digital asset securities.
2. Payments giant PayPal launched new services allowing customers in the U.K. to buy, hold and sell Bitcoin.
3. The state agency responsible for power generation and distribution in Iran reportedly said restrictions on bitcoin mining would be lifted next month.
4. With media careers spanning decades and utterly maximalist outlooks, Stacy Herbert and Max Keiser are defining the Bitcoin lifestyle.
5. Around midnight on Sunday the Bitcoin price broke $50,000, the highest price seen since Bitcoin’s correction in May.
6. MicroStrategy CEO explained in a recent interview why people, companies, and governments worldwide should buy and hold bitcoin.
7. We can make estimates on the size of the bitcoin allocation that will be made by Coinbase following announcement of its new reserve policy.
8. As we progress into the future, the necessity for Truthremains the requisite base upon which all else must be built.
9. The price of bitcoin continues to rise as conditions for a bull run ripen. |
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50 Years Since The Gold Standard Ended, Bitcoin Is Needed More Than Ever
By Alex McShane
The President of El Salvador, Nayib Bukele, announced that 200 ATMs and 50 in-person kiosks are being built to launch on September 7. President Bukele also noted that the government will facilitate the buying and selling of Bitcoin without collecting any commission.
The infrastructure is getting ready for Bitcoin to become legal tender in El Salvador in 14 days, making it it the first time it gains this status in any country of the world. Becoming legal tender means that it is treated as a national currency, and people will have the ability to use bitcoin or dollars interchangeably to send and receive remittances without any additional fee.
“Our town pays $400 MILLION a year in commissions on remittances.” With Bitcoin that number could effectively be reduced to zero" - Bukele.
Â
Starting the 7th of September, anyone from the world could send bitcoin to a Chivo Wallet user in El Salvador, while the recipient decides whether to receive bitcoin or dollars.
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Bitcoin Alleviates Future Uncertainty
By Alex McShane A Weekly Series Of Essays About The Language Of Bitcoin
Alex McShane shares with the second part of his weekly series: The Language of Bitcoin. Through the lens of the technological progress and bitcoin's properties of scarcity, he explains why bitcoin is needed for society.
In order to escape the vulnerable loop of instant gratification and high time preference incentivized by depreciating fiat currencies, a money with harder properties is needed, to guide society back into prosperity through savings which alleviates future uncertainty.
"Bitcoin is not an investment. Bitcoin is property and money at once. Once you’ve realized Bitcoin as your operating unit of account, there is no reason to ever exchange it for dollars." - Alex McShane |
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| We're excited to be celebrating our 10th Twitter anniversary in August by giving away 10 Bitcoin 2022 conference tickets. The giveaway will start Sunday, August 1 at 12:00 p.m. ET and run until August 31 at 12:00 p.m. ET. The winner will be contacted by email on Wednesday, September 1. To enter, go to: http://www.rafflecopter.com/rafl/display/b28baf753/ |
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By Bitcoin Magazine
The price action has been nothing but exciting. Off to the moon we are headed.
Keep stacking! |
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