“The Weekly Hold” Newsletter March 18, 2021

Dear Members,

This week Bitcoin price jumped back above $60,000 and at the time of writing is hovering around ~$58K. The oldest bank in America, Bank of New York Mellon, just invested in the #Bitcoin custodian company, Fireblocks. BNY Mellon is one of the world’s largest custody banks, and they plan to hold, transfer, and buy #bitcoin for their asset management clients.

Other noteworthy items:

  • The state of Kentucky has now passed two bills to give #Bitcoin miners a tax break on electricity and clean energy incentives.
  • In 2014, the U.S. Marshals Service auctioned off 30,000 #bitcoin confiscated from the founder of the Silk Road, Ross Ulbricht. Tim Draper was the highest bidder for $19 million. Today, that #bitcoin is now worth $1.75 billion.
  • The Pakistan government is planning to build two hydroelectric-powered pilot #Bitcoin mining farms! Pakistan has also formed a federal committee to formulate a new policies towards #Bitcoin in the country.

Thank you,

-The Bitcoin Investor

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“The Weekly Hold” Newsletter March 18, 2021

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