Jeff Booth's 'We Are Bitcoin' and What It Means
In a recent article by Frank Corva for Bitcoin Magazine, Jeff Booth is compared to the Eckhart Tolle of Bitcoin due to his profound insights. During a conversation with Corva, Booth repeatedly emphasized the phrase "We are Bitcoin," suggesting that while we aren't the cryptocurrency itself—being an open-source protocol independent of human intervention—we play crucial roles in its ecosystem. This includes running nodes, conducting mining operations, educating others, and defending its principles socially. Without active participation from individuals as these "human nodes," Bitcoin could lose some decentralization and security.
What's Going On With Bitcoin Mining Stocks CleanSpark and Riot Platforms?
Benzinga reports on developments within two major players in the bitcoin mining industry: CleanSpark Inc (CLSK) and Riot Platforms Inc (RIOT). In September, CleanSpark mined 493 Bitcoins compared to August’s 478, showcasing their expanding capabilities despite setbacks like Hurricane Helene impacting power supply. Meanwhile, Riot also increased production with 412 Bitcoins mined in September against August's 322, achieved through improved operational hash rates even amidst periodic curtailments under ERCOT’s Four Coincident Peak program.
Bitcoin Dip Under $60,000 ‘Should be Bought Into’: Standard Chartered
According to an analysis shared by Decrypt, Standard Chartered suggests buying into any dips below $60,000 instead of considering them as geopolitical safe havens amid tensions such as the Iran-Israel conflicts. The focus should remain on hedging traditional finance issues, including bank collapses or de-dollarization risks, according to Geoff Kendrick, head of Digital Assets Research at Standard Chartered.
BlackRock Sees Bitcoin Volatility Continuing to Fall
A report from Crypto Briefing highlights BlackRock's positive outlook on declining volatility trends surrounding cryptocurrencies, particularly Bitcoin. They view the asset class favorably for long-term investment portfolios, given historical performance data showing substantial returns over varying time horizons, especially considering hedge benefits relative to fiat currency declines.
Sources:
- Jeff Booth's 'We Are Bitcoin' and What It Means
- What's Going On With Bitcoin Mining Stocks CleanSpark, Riot Platforms?
- Bitcoin Dip Under $60,000 ‘Should be Bought Into’: Standard Chartered
- BlackRock sees Bitcoin volatility continuing to fall
- Elk City police warn residents of scammers asking for money through Bitcoin ATMs
- HBO documentary to uncover Bitcoin’s creator Satoshi Nakamoto next week
