11 random stuff about Bitcoin

By cryotosensei | CryptoSensei | 8 Sep 2023

  1. Did you know that some Americans invest in Bitcoin in a Roth IRA to avoid paying capital gains tax (20%) on their returns?
  2. Did you know that the US government owns the 5th largest BTC wallet holding $2.46B? And that’s not all. They also have custody of the 8th largest address, since they seized 69,370 BTC from the Silk Road exploiter. (https://www.blockchain.com/explorer/addresses/btc/bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6)
  3. Did you know that you can see Bitcoin ATMs everywhere in Toronto & Vancouver, Canada? You can find them at convenience stores and gas stations. Canada has the world’s second highest number of BTC ATMs.
  4. Did you know that Canada and Hong Kong are among the top 10 countries/territories with the highest number of BTC ATMs? Just that BTC ATMs are usually located at convenience stores (and weed dispensaries) in Canada and laundromats in Hong Kong.
  5. Did you know that Norway is the biggest Bitcoin mining hub in Europe because it has abundant hydropower? Bitcoin mining is also environmentally friendly in Iceland because it has abundant geothermal energy. But the honour with respect to the city with the highest number of BTC nodes belongs to Frankfurt.
  6. Did you know that on Sept 7, 2021, El Salvador made Bitcoin legal tender?
  7. Did you know that MicroStrategy bought 21,454 BTC in August 2020. It has bought consistently, and as of July 31st 2023, now holds 152,800 BTC? Its average buying price is $29,672.
  8. Did you know that Episode 3 of the new Futurama season features Bitcoin mining? In the episode "How the West Was 1010001," the main characters owed a debt to the robot mafia and were hence forced to travel West to "Crypto Country”.
  9. Did you know that an on-chain analytics firm Glassnode shared in July 2023 that exchange wallets hold less than 12% of the BTC supply? Remember, not your keys not your coins.
  10. Did you know that the narrative that BTC mining is environmentally damaging is flawed? Recently, Nodal Power secured $13 million to continue converting methane gas produced by landfills into electricity, which is used to secure the blockchain through clean Bitcoin mining.
  11. Did you know that the inaugural  spot Bitcoin ETF in Europe (known as the Jacobi FT Wilshere Bitcoin ETF) was listed on the Euronext Amsterdam stock exchange?

first posted on Stacker News

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