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Bitcoin Bulls Bite Back at Biden: Nobody Can Print More BTC

Mar 24, 2023 · 1 min read · 162 points
Bitcoin Bulls Bite Back at Biden: Nobody Can Print More BTC
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Bitcoin supporters hit back at the US government after it published a document criticizing BTC mining. The report highlighted the so-called e-waste produced by BTC mining operations, which is comparable to 114,000 Visa transactions. At the same

Highlights

  • Bitcoin supporters hit back at the US government after it published a document criticizing BTC and its Proof-of-Work protocol.
  • The report highlighted the so-called e-waste produced by BTC mining operations, which is comparable to 114,000 Visa transactions.
  • At the time of writing, BTC is changing hands at $24,478.52, a 24-hour increase of almost 1%, after a couple of days of indecision.
  • The Economist also published a report with the title, “America’s banks are missing hundreds of billions of dollars” pointing to the Fed as the culprit for this predicament.
  • The Federal Reserve is about to announce its interest rate decision.

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