This Week:
Bhutan doubles down on Bitcoin.
Integrating Bitcoin into financial structures.
German state propaganda caught in action.
Wealth exodus increases.
Bhutan
The small Himalayan nation is doubling down (6x’ing down?) on its commitment to mining sound money Bitcoin.
The planned upgrades will increase the Himalayan kingdom’s mining capacity by 500 megawatts by the first half of 2025, Matt Linghui Kong, chief business officer at Bitdeer, said in an interview. That would bring Bhutan’s total capacity to 600 megawatts.
This will be an extremely wise decision when looked back on in the years ahead.
Bitcoin
An interview with Andrew Hohns worth listening to on how Bitcoin can be integrated into various financial structures including mortgages to address economic challenges and enable long-term, stable financing. Solutions that would benefit lenders and borrowers.
Media Manipulation
An example in Germany showing what you see on mainstream media (in this case, German state broadcaster ZDF) is completely manipulated.
A protest by German farmers about bio-diesel subsidies is purposefully infiltrated by ZDF who bring along their own protestor with a sign for ‘more weapons for Ukraine’ and plant him in the crowd with police assistance.
Not only is this fabricated state propaganda, Germans pay for the privilege of being lied to - €18.36 monthly per household, whether they watch it or not. The most expensive public broadcaster worldwide at an annual budget of €8.6 Billion.
German speakers can watch the extended piece here:
Wealth Exodus
As their home nations destabilize or become more ‘grabby’ with taxes, wealthy individuals continue to explore their options:
Globally, millionaire migration is expected to hit a new high in 2024, as wars, government crackdowns on wealth, and political uncertainty drive more wealthy residents to other countries. An estimated 128,000 millionaires are forecast to move to a new country this year, up from 120,000 in 2023 and up from 51,000 in 2013, according to Henley.