• President Bukele plans to continue purchasing one BTC daily into a cold wallet.
  


• Max Keiser envisions a future where Salvadorans control the country's wealth through decentralized Bitcoin nodes.
  


• The President may propose initiatives funded by the public through crowd-sourcing, creating a circular BTC-focused economy.
  


• El Salvador aims to become debt-free and use geothermal energy for Bitcoin mining to control 10% of the global hash rate.
  


• The country currently holds 5,718 BTC, mined using geothermal energy, worth about $400.26 million.
  


• This approach is intended to reduce the influence of central banks and make institutions like the IMF irrelevant in El Salvador's economic policies.
  

• Despite regulatory restrictions on P2P cryptocurrency trading, Nigeria shows high interest in Bitcoin, second only to El Salvador.
  


• Areas with high Bitcoin interest are characterized by insecurity, low bank penetration, and a high proportion of millennials.
  


• Nigerians are turning to stablecoins, particularly Tether (USDT), as a hedge against inflation and currency fluctuations.
  

• Rise to 85k expected by end of June - beginning of July.
  


• Large transaction volumes for SHIB have decreased significantly, indicating reduced activity from whales and institutions.
  


• Despite this, SHIB's price has shown decreased volatility and higher lows, suggesting a potential upcoming movement for the token.
  

(Jun 13, 2024 02:26 PM)Omniscient Wrote:  Nigeria is garbage country. Most of the crypto in their country is almost surely illegally obtained through theft and scams.

IMHO Nigeria should be cut off from the global internet.