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All in all, I feel it's not as good news as it looks at the first glance. Of course, I would not say it's a bad news either
All in all, I feel it's not as good news as it looks at the first glance. Of course, I would not say it's a bad news either
I agree, in the short term most people just want the price to react to this kind of news, but no one takes into account what will happen when one day the people who make the key moves (I mean politicians) change. They are all just following the scent of money, and if there is profit in BTC they will accept it in every possible way, squeeze it out and then eventually discard it.
When it comes to Texas and mining, it will undoubtedly continue for years, considering that there is a little more than 1 million BTC left to mine - but as we approach the end of this decade, we will reach the point where 99% of all BTC will be mined. Then we will very likely witness much less interest in BTC mining than is the case today.
How much buy pressure can we expect from this, what exactly does the bill say? If someone has a good summary of the key points that would be excellent. It says that a part of the state investment fund will be used, but the article does not specify how much exactly.
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According to what can be seen on bitcoinreservemonitor there is speculation about as much as 227 000 BTC, but that is obviously just speculation. Maybe someone knows more about these numbers.