| | | BROUGHT TO YOU BY |  | Beloved Bitcoiners!
It is Friday! And here we are again with your needed daily dose of Bitcoin signal!
"Bitcoin is the most widely held financial asset in the history of the world, growing at the fastest rate,"
"We think acquiring Bitcoin at this time is going to be a wise move. We feel like there is a land grab right now to acquire as much as we can" - Michael Saylor
Institutions buying bitcoin is a sign of adoption and validation in the mainstream narrative. This is the time to accumulate the only asset with the freedom to move that can't be confiscated; bitcoin.
Lastly, a reminder of our email referral program coming soon. Stay tuned for some stickers, t-shirts, coffee mugs, and conference tickets as rewards for subscriber referrals.
P.S. Act now! Only 1 day left in the "Bitcoin is Venice" book giveaway. All you have to do is click a couple of links to be entered. | | Today's Rundown: - Time To Accumulate. MicroStrategy ain't stopping.
- Claim Your Keys. Reasons why you should keep funds off of exchanges.
- Dear Children. A letter on why this dad chose bitcoin for life savings.
Let's do this. | | | MICROSTRATEGY PLEDGES TO ADD MORE BITCOIN TO BALANCE SHEET
By Alex Mcshane MicroStrategy CEO Michael Saylor struck a defiant tone during a Q2 investor call, pledging to add more Bitcoin to its balance sheet while continuing to advocate for the cryptocurrency.
The time to report Q2 earnings is here, and Michael Saylor gave a strong talk with a big emphasis on MicroStrategy's macro strategy; to acquire and hold bitcoin. Just a little over a year ago, Michael Saylor announced that MicroStrategy had bought bitcoin to add to its balance sheet, as they were on their path to adopt the bitcoin standard.
Today, the company holds an amount exceeding 105,00 bitcoins, approximately $4 billion, a number unmatched by any other public company. They reported that this move has generated substantial value to share holders and going forward it is expected the company will purchase additional Bitcoin on the balance sheet.
"Our strategy is to focus on Bitcoin. I can plug Bitcoin into the entire digital economy and it makes everything better. Bitcoin fixes everything." - Michael Saylor. | | Six Reasons To Withdraw Your Bitcoin From Exchanges
By Arman the Parman Here's why you need to hold the keys to your own bitcoin and never store large amounts on exchanges.
As you start your journey into financial freedom and sovereignty through bitcoin, one of the most famous phrases you hear is, "Not your keys, not your coins". Newcomers seem to conflate an exchange with wallets, and even trust them as if they were a bank. Not saying we should trust the banks either, but you get the point.
The TLDR: 6 main reasons why to withdraw your bitcoin from exchanges: - You need permission from them to move
- Coins might not really be there.
- They could start fractional reserve lending.
- Possible government vector attack.
- Decoupling price of paper bitcoin vs physical bitcoin
- To understand how bitcoin works.
Be your own bank, folks. | | Your daily dose of signal:
1. "Bitcoin Magazine Podcast": Eric Yakes describes how bitcoin is taking over the financial world.
2. This is simply the latest development that shows the lack of understanding amongst policy makers.
3. An Israeli draft bill seeks to demand that investors report bitcoin holdings above $61,000 to tax authorities, bitcoin advocates oppose.
4. Bitcoin miner Greenidge announced today its plans to expedite the closure of an old coal ash landfill and turn it into a solar farm.
5. U.S. clients of Compass mining can now mine bitcoin directly into a Choice Individual Retirement Account without triggering a taxable event.
6. According to a survey conducted by Okcoin, a large majority of Bitcoiners care about helping fund Bitcoin development.
7. With bitcoin further integrating itself into Wall Street, large-scale speculative attacks will become far more prevalent.
8. PayPal's launch of Bitcoin buy and sell services in the U.K. could soon allow thousands to gain exposure to the cryptocurrency's price movements. | | An Open Letter To My Children: Energy And Bitcoin
By Mark Maraia A heartfelt message from a father to his children in regards to the life-energy saving properties of Bitcoin.
A letter written by a Dad, with one of the biggest decisions that people have to encounter while growing up: What do I do with my life savings?
The options are summarized in 4 options where it is possible to store our energy in: - Currencies like the U.S. dollar
- Stocks like Apple, Google, Facebook
- Commodities like gold or silver.
- Bitcoin.
The author makes a case for bitcoin, by entertaining a comparison of bitcoin to energy, and the analogy of money being a battery to store life energy, and how we are in need of a battery that stores energy for long periods of time. | | By Lina Seiche
Time to zone out and enjoy the weekend. If we choose our fighter properly, the right tool to save our life energy, then we have nothing to worry about, as we know that it is the right thing to do, and our energy stored today will be worth more in the future.
Keep stacking! | | 1 DAY LEFT ON THIS GIVEAWAY | | Today's email was brought to you by Bam and Joe.
Keep on reading, keep on stacking. | | | | |
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