Bitcoin’s / 12 posts found
Bitcoin’s Narrative as a Store of Value Gathers Momentum as Countries Reduce USD Allocation of their FX Reserves
Quick take: The narrative of Bitcoin being a store of value is gathering momentum Countries are diversifying their foreign currency reserves away from the US Dollar The war in Ukraine could accelerate the de-dollarization of FX reserves as investors, corporate treasures, and possibly central banks look to Bitcoin as a store of value According to J.p. Morgan, the proportion of reserves allocated to USD assets has declined by 5% since 2018 Israel is the latest country to diversify away from the USD by increasing its allocation of the Chinese Yaun The continually tested narrative of Bitcoin being a store of […]
Why is Bitcoin’s Block Size 1MB?
Bitcoin Reading Time: 4 minutes Bitcoin’s block size is just 1MB, which has caused congestion on the network since January 2017 The block size issue has caused a civil war that dates back to 2011 Why does Bitcoin have a 1MB block size and why is it still there? Anyone who has tried to transact on the Bitcoin network in recent years knows two things – it’s slow and it’s expensive. It wasn’t always this way of course. Back in its infancy when Bitcon’s blocks were largely empty, transactions were processed quicker and for a fraction of the cost of […]