In what is certainly a sign of the growing reach of the digital asset sector, Deutsche Telekom, the largest telecom provider in all of Europe, has begun testing Bitcoin mining. Specifically, the T-Mobile parent company is testing the process for surplus energy, according to a press release issued Monday.
The firm announced the pilot project that would be taking place in collaboration with Bankhaus Metzler, one of Germany’s oldest banks. The project will seek to create a BTC mining infrastructure that is powered by renewable energy, the company notes.
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At some point, maybe back in the 2022-2023 period, I wrote on this shitty little blog that, "at some point," we’d see a war over supremacy in Bitcoin. Few realize that this war has already begun. If we look at who holds the largest chunk of BTC, it’s BlackRock.
The company dove into Bitcoin less than a year ago and already manages to hold over 400,000 BTC in custody. MicroStrategy is probably going to get the $62 billion in funding it announced, which will lead to it buying hundreds of thousands of Bitcoin with all that cash.
Few realize it, but Bitcoin is no longer for the average Joe. The reality of owning a whole coin is slipping out of reach for most people. When I first heard of BTC back in 2017, it was around $4,000, and during the China FUD, it fell down to $2,850—the cheapest I’ve ever seen it since I found out about it.
I sold the car I owned at the time for $1,700, which could have bought me half a Bitcoin back then if I’d been smart enough. Now, half a Bitcoin is close to the cost of a one-bedroom in my hometown.
The fact that institutional investors like BlackRock, a massive investment fund, are putting so much capital and resources into Bitcoin shouldn’t be downplayed. These people know the value: the number goes up, and it will keep going up regardless of who gets elected in the U.S. Even if Kamala wins through questionable means, we’ll still see a bull market—they’ll print more, and the number has to go up, no matter what.
Sure, certain altcoins will make more money in this bull market than Bitcoin will, but at the end of the day, the only reason to trade alts should be to accumulate more BTC. Inflation can’t compete with BTC, gold can’t either, so it seems like a solid long-term hedge.
We’re one day away from the U.S. elections, so expect some volatility, but no matter who wins, markets will rise—they always do. The only thing that consistently loses value is fiat. Just my two cents.
If you’re lucky enough to have snagged some BTC when it was dirt cheap, don’t sell at $100,000 just to buy flashy things to show off. Trade a little for a few shitcoins before the big pump, make some cash to survive the next bear market, and you’re good.
BTC is still king and always will be. But the best time to make money with alts? That’s just around the corner. That’s all from me. I hope you all have a great Monday, and see you next time.
Thanks for your attention,
Adrian