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Marcus Sotiliu, an analyst for UK-based digital asset brokers GlobalBlockPeople listed in Canada.
After printing nine red weekly candles in a row yesterday for the first time in a while, Bitcoin finally showed its strength. Bitcoin has exceeded $ 30,000 but needs to remain at the $ 29,300 level in retests to suggest an upward continuation. Bailouts have long been postponed in the crypto market. US stock markets have already recovered last weekAfter Jerome Powell’s speech, the market clarified plans to carry out a soft economic landing.
Bitcoin adoption progresses in Argentina RandiumA real estate company is launching the first building with a Bitcoin mining farm. The purpose is to generate income for the operation of the building, which allows it to cover maintenance costs, thereby saving the costs that residents have to do on their own. Ideally, the resident will be paid to live in the building, as the price of Bitcoin will rise to a value that creates a surplus, which can be distributed to the resident!
“This is a way to give back to our customers,” said David Faras, CEO of Landium. The worst scenario is that Bitcoin prices will fall and mining farms will not be able to maintain the maintenance of the building itself, or Bitcoin mining will be banned in Argentina.
Damin Lopo expects building costs to be reduced by up to 50% as the building is fully powered by solar panels. Renewable energy is cheaper than already cheap household electricity.
Buildings are powered by solar energy, but Bitcoin mining is not. Therefore, in order to provide the most environmentally friendly solution, Bitcoin mining currently consumes more energy than the whole of Argentina, so solar energy also needs to power Bitcoin mining. think. Renewable energy is also the most cost-effective method, as it is the cheapest form of energy in Argentina. In my opinion, enhancing Bitcoin mining with renewable energy in a cost-effective way is how Bitcoin will reach $ 500,000 in the next 5-10 years.
