They Have Lost The Game They Just Don't Know It Yet | Episode 91 Week 39

So, here's some interesting news for you all. The founder of OpenAI, Sam Altman, recently acknowledged the power and potential of Bitcoin. He expressed his excitement about the idea of having a global currency that is not under the control of any government. Altman sees this as a logical and important step forward. And you know what? This is a big deal because even someone as influential as Altman recognizes how powerful Bitcoin truly is. Now, let's move on to some more Bitcoin-related news. Bitman, a prominent figure in the Bitcoin community, recently made waves again. This time, he projected the words "Study Bitcoin" at the Festival of Lights in Berlin, Germany. Talk about making a statement! It's great to see Bitcoin gaining visibility in such a creative and eye-catching way. But that's not all. Investment bank Jefferies has described Bitcoin as a "critical hedge" against the potential devaluation of currency due to monetary policy and the return of inflation. This is an interesting development because it reflects the growing recognition of Bitcoin's value as a strategic asset. It's definitely encouraging to see more mainstream institutions acknowledging the importance of Bitcoin in navigating uncertain economic times. Now let's talk about the progress of the Bitcoin halving. Currently, we're at 86%. For those unfamiliar with the concept, the Bitcoin halving is an event that occurs approximately every four years, where the reward for mining Bitcoin is reduced by half. This mechanism helps control the supply of Bitcoin and has a significant impact on its value. So, keeping an eye on the progress of the halving is crucial for anyone interested in the Bitcoin market. Speaking of the Bitcoin market, let's reflect on the top ten list of "crypto" market caps from 2013. It's fascinating to see that out of all the cryptocurrencies on that list, only one remains successful today - Bitcoin. This raises an important question: Why is it that so many people are Bitcoin-only? Perhaps it's because Bitcoin has proven itself as a reliable and resilient digital asset, with a track record that speaks for itself. Now, let's discuss a recent revelation that may raise some eyebrows. It turns out that FTX's public insurance fund size was apparently fake. Yes, you heard that right. The reported value of the fund was artificially inflated by including a random number in the calculation. This is a stark reminder of why it's crucial not to entrust your assets to exchanges. The decentralized nature of Bitcoin allows individuals to have full control over their funds, reducing the risks associated with centralized entities. So, there you have it - a roundup of some intriguing news in the world of Bitcoin. From the acknowledgement of its power by influential figures like Sam Altman, to creative displays at festivals and investment banks recognizing its value as a hedge, Bitcoin continues to make its mark. Just remember, keep an eye on the Bitcoin halving progress, appreciate Bitcoin's resilience amidst the ever-changing crypto landscape, and always prioritize the security of your assets.