Bitcoin ETF's two major risks, USD collapsing, BTC grassroots adoption racing, Nostr - Ep.12

Today’s Bitcoin news!

10-second Bitcoin price update: BTC made a 21-month high when it crossed ~$46k. Most likely it’ll run to ~$48,250 which is the next significant established level from history.

ETF STORIES:

This is how I feel about recent nostr trend 🐶🐾🤣😭 LINK: https://primal.net/e/note1hkpeh89a7nhge62t2p0056mfhxs394s90avfxn6r4a3fre0nftus3lcka4

BREAKING‼️ Multiple #Bitcoin ETF issuers expect SEC approval tomorrow and LIVE launch on Thursday. LINK: https://primal.net/e/note1t0hlal6r0mf7h5mgjm9u0zac86ve3th8p60vwwfusawk3qkzg50slq9ay7

The: Daniel ⚡️: "Countdown to every financial advisor suddenly becoming a bitcoin expert in one day after reading three articles". Derek Ross: "Countdown to a plethora of bad advice and incorrect statements from Traditional Finance bros". LINK: https://primal.net/e/note1jamyaql2rh9c98ndwqt9gnccj2gv7hndakggcxvfnau6eewg0l0qph6hkq

MY OPINION: Much better to hold your own BTC than to buy a spot ETF for self-custody reasons. Though it's understandable for folks who have significant 401k's to allocate some or all of that to spot BTC ETF because the early withdrawal fees are hefty.

USD’S GLOBAL AUTHORITY ON ITS WAY OUT:

JUST IN: 🇮🇷 Central Bank of Iran announces Iran and Russia don't require SWIFT to transact 😱👀 Deputy Governor of the Central Bank of Iran for International Affairs, Mohsen Karimi, announced on Sunday that they no longer need the “SWIFT” system in transactions between them. LINK: https://twitter.com/bitcoinnewscom/status/1744626148468797689?s=46&t=vVc0El_KmRCeSRi0tAT8wQ

What is SWIFT? The SWIFT system, which stands for "Society for Worldwide Interbank Financial Telecommunication," is the largest and most streamlined method for international payments and settlements. It works by assigning each member institution a unique ID code (a BIC number) that identifies the institution, country, and branch. SWIFT is a member-owned cooperative controlled by its shareholders and overseen by the Group of Ten countries' G-10 central banks. It is crucial to global financial infrastructure, with more than 11,000 global SWIFT member institutions sending an average of 44.8 million messages daily

VOTE FOR BETTER MONEY: Bitcoin is sovereign because it's a new system, independent from corrupt politicians. LINK: https://voteforbetter.money/learn/bitcoin-is-sovereign

BTC ADOPTION:

Nigeria's Central Bank 'Softens' Its Stance, Permits Bank Accounts for Bitcoin Companies. The decision rescinds a 2021 directive against institutions facilitating cryptocurrency transactions and prohibiting local banks from opening accounts for Bitcoin service providers. LINK: https://primal.net/e/note1y3vgwqztqugy0xprvexnhdsmm6ysfu6z6nc5kerg58mcysrfekequraaea

Bitcoin Circular Economy projects:

At the upcoming @Adopting Bitcoin Cape Town Conference, we will consider a proposal and (potentially) help fund the establishment of a new #Bitcoin Circular Economy project in South Africa. Something much like Bitcoin Beach and our own project, Bitcoin Ekasi. However, it'll be different in that #Bitcoin AND #Nostr will serve as its foundational cornerstones. If succesfull, the announcement will be made at the conference and soon after, on here. Stay tuned.

LINK: https://primal.net/e/note12xstzs5vrm4gkx50kddqsjrvamu7ljwczvymdux8apa7xgqcmyrsev43w8

LINK: Bitcoin Ekasi — https://bitcoinekasi.com/

NostrPHX, Arizona Local Nostr Meetup HQ. Be in the know 👉 NostrPHX.com -- "We are beyond excited to announce the first musician to confirm for Culture Shock. Support @Sara Jade with a follow and check her latest EP “Sink or Swim” on @wavlake"

LINK: https://primal.net/e/note18vyh74h0w2x4g3t2t9fnp8kyxtn32t45szyvrdquczuyclddwckqzd5rud

LINK: Wavlake — https://www.wavlake.com/album/0a131404-899f-4a7d-a2f3-3dbb61622887

Derek Ross doing a Twitter Spaces on Jan.10 at 8 PM Eastern Time - "Bitcoin and Nostr: The Purple Pill and the Orange Pill". LINK: https://twitter.com/derekmross/status/1744726756207267911

“The boss is on TV” LOL — LINK: https://primal.net/e/note16f35hvxadek294vkj8mt4fzsqx8hgu99e6aw8wtzzusqjx3zs09s9nxsyz

Subscribe to Fractal Bitcoin for your daily Bitcoin news and share our channel with that one friend you have that would probably love quick Bitcoin news every day ;)

Join our Locals community — https://fractalbitcoin.locals.com/