?? It's All About Bitcoin! — The Next Route
The growing urgency to acquire Bitcoin reflects a broader shift in how people view digital assets.
As global interest intensifies, Bitcoin is increasingly seen as a hedge against economic uncertainty, inflation, and traditional financial systems. Major institutions, like MicroStrategy, are accumulating large amounts, signaling their belief in its long-term value.
This rush to own Bitcoin highlights its scarcity and the fear of missing out on potentially transformative returns. The rising demand suggests that Bitcoin is no longer just an alternative investment—it's becoming a key asset in modern financial strategies.
In this edition, you’ll discover:
Bitcoin Mining and the Shift to Three-Phase Power
Bitcoin mining has grown significantly since the introduction of ASIC miners in 2013, with hardware efficiency improving from 1,200 J/TH to 15 J/TH.
However, as silicon-based technology reaches its limits, further efficiency gains must come from optimizing mining operations—especially in power setups.
Why Three-Phase Power? Unlike single-phase power, commonly used in homes, three-phase power provides continuous and balanced power flow, making it more efficient for high-demand operations like bitcoin mining.
Single-phase power delivers intermittent energy, leading to inefficiencies in large-scale industrial applications. Three-phase power, which uses three live wires, ensures a more constant power supply, improving mining efficiency and reliability.
Adopting 480v Three-Phase Power The bitcoin mining industry is moving towards a 480v three-phase system, which offers several advantages:
As miners transition to three-phase power, newer ASICs are being designed to be compatible with this system, future-proofing operations for further technological advancements.
Key Implementation Steps
So, how could the industry transition to a three-phase power system?
To meet the increasing demands of bitcoin mining, a shift to three-phase power is essential. This system offers greater efficiency, scalability, and cost savings, positioning miners for more profitable operations in the future (Source).
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UK Proposes New Law to Protect Digital Assets as Personal Property
The UK government has introduced a new bill that aims to give legal protections to digital assets like cryptocurrencies, NFTs, and carbon credits, recognizing them as "personal property."
This move follows increasing global regulatory efforts, with the US and EU introducing measures to regulate and trace cryptocurrency transactions.
The Property (Digital Assets etc.) Bill responds to a 2023 Law Commission report that highlighted the growing importance of digital assets in the online world and the need to update property laws.
Current UK law only recognizes two property categories: tangible assets (e.g., cars, cash) and intangible assets (e.g., shares, intellectual property). Digital assets, such as Bitcoin and NFTs, don't fit neatly into these categories, leaving them in a legal gray area.
The proposed law creates a third category for digital assets, offering clarity in legal cases like bankruptcy, inheritance, and theft.
While the bill has reached its first reading in the House of Lords, it still has a long process before becoming law. The bill is expected to primarily focus on protecting crypto tokens like cryptocurrencies and NFTs, though other digital assets may be considered on a case-by-case basis in courts (Source).
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MicroStrategy Buys 18,300 Bitcoin, Now Holds $14.14 Billion in BTC
MicroStrategy, a business intelligence company led by CEO Michael Saylor, purchased 18,300 Bitcoin between August 6 and September 12, 2024. This acquisition, worth $1.11 billion, brings the company’s total Bitcoin holdings to approximately 244,800 BTC, valued at $14.14 billion.
The purchase was made at an average price of $60,408 per Bitcoin, and since August 2020, MicroStrategy has invested around $9.45 billion in Bitcoin, with an average cost of $38,585 per BTC. The company's aggressive Bitcoin strategy has drawn both support and criticism from financial analysts.
The latest Bitcoin purchase was funded by selling over 8 million MicroStrategy shares, raising $1.11 billion. Since the company began buying Bitcoin in 2020, its stock value has surged by around 1,000%, significantly outperforming the S&P 500 index (Source).
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